Aquaculture Feed Market 2022 Industry Research, Key Factors & Values Analysis and Forecast to 2027
A US$ 50 Bn market, the global Aquaculture Feed Market has been largely concentrated in the APEJ region for over two decades, owing to a large supply of fresh water in the region and a thriving aquaculture market. While North America will continue to witness significant growth during the forecast period, the MEA market is slated to display great potential in the coming years, owing to a cheap labour force and a large production of the fish tilapia in Egypt. In terms of volume, the APEJ regional market is estimated to be pegged at 21.5 million metric tonnes in 2017 and this is expected to reach almost 40 million metric tonnes by the end of 2027, registering a CAGR of 6.3% in terms of volume. North America will witness a CAGR of 5.6% in terms of volume during the decadal study 2017 – 2027. Segmental Forecast of the Global Aquaculture Feed Market The global Aquaculture Feed Market is segmented on the basis of species (Crustaceans, Fishes, Others); form (Extruded, Powder, Liqui