Floating Fish Feed Market Growth Accelerated by Nutritional Advancements

Floating fish feed helps to increase the fish yield by enhancing nutrient absorption and providing balanced nutrition to fish. It not only fulfils the nutritional requirement of fish but also allows farmers to cultivate fish in a sustainable way by controlling water pollution. The floating characteristic of the feed prevents it from sinking to the bottom of the pond and becoming inaccessible to the fish.

The global Floating Fish Feed Market is estimated to be valued at US$ 1.2 Billion in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increased use of high-quality raw materials and nutrients in floating fish feed formulations has accelerated the growth of the global floating fish feed market over the past few years. Manufacturers are focusing on incorporating dietary supplements, probiotics, prebiotics, and organic acids in floating fish feeds. These additives play a vital role in improving digestion, gut health, disease resistance, and overall quality of farmed fish. The supplementation of amino acids, vitamins, minerals, and trace elements helps to provide complete and balanced nutrition to different varieties of fish species. Rising awareness about the benefits of nutritionally fortified floating fish feeds among fish farmers is anticipated to drive the demand over the forecast period.

Segment Analysis
Floating fish feed can be segmented into starter feed, grower feed and finisher feed. The starter feed segment accounts for the largest market share owing to high demand. Starter feed contains higher nutrient content to help fish complete its early developmental stages successfully and is most essential for their growth.

Key Takeaways
The Global Floating Fish Feed Market Size is expected to witness high growth. Regional analysis related content comprises:

The Asia Pacific region currently dominates the floating fish feed market and is expected to maintain its lead over the forecast period. This is attributed to factors such as rising awareness regarding fish nutrition, growing demand for protein-rich diets and increasing fish farming practices. Countries like China, India, Vietnam and Indonesia are the major markets within this region.

Key players operating in the floating fish feed market are AllerAqua, Alltech, Skretting, Cargill Inc, Nireus, Nutreco, Ridley Corporation, BIOMIN and INVE Aquaculture. They have undertaken aggressive marketing strategies to capture greater market share. For instance, AllerAqua and Skretting have introduced innovative floating feed solutions customized for juvenile and fingerling fish as part of their product portfolio expansion plans.

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