Tailored Functional Feeds Reshaping Global Industry Standards and Practices. States Fact. MR
Tailored Functional Feeds Reshaping Global Industry Standards and Practices. States Fact. MR
According to Fact.MR, a market research and competitive intelligence provider, the global functional aquafeeds market is estimated to reach a valuation of $52.1 billion in 2024 and is expected to grow at a CAGR of 6.8% from 2024 to 2034.
The functional aquafeeds market on a global level is changing quickly and new trends are seen emerging in health-focused and green compositions. Expect to find, for instance, disease-resistant feeds that have beta-glucans and nucleotides as immunomodulatory components, stress-guard feeds that contain antioxidants and certain amino acids to help the fish survive in harsh environments, and growth enhancement feeds taking aquaculture nutrition a food level higher for cultured fishes consumed by man.
The market is also witnessing the upsurge of precision nutrition whereby life-stage-specific functional feeds are offered. More so, less pollution-causing and antibiotics-sparing systems of feeding aquaculture are being developed. The use of algae-based omega-3 supplements is becoming more widespread and accepted as a viable alternative to fish oil, considering both health advocates and eco-friends. These changes are impacting the aquaculture sector which has always struggled with fish health, quality-assured products, and environmental issues whilst fulfilling the insatiable demand for quality aquaculture products on a global level.
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Key Takeaways from the Market Study
“The rising aquaculture sector requires enhanced feeds for improved productivity,”says a Fact.MR analyst.
Development by Market Players in the Functional Aquafeeds Market:
BioMar Group: In March 2024, BioMar Group launched a new line of functional aquafeeds specifically designed to enhance disease resistance in farmed salmon, incorporating advanced immunostimulants.
Skretting: Nov 2023, Skretting, in collaboration with Aker Bio Marine, introduced a novel krill-based functional feed additive that improves nutrient uptake and growth performance in various fish species.
Ridley Corporation Limited: In July 2023, Ridley Corporation Limited partnered with a leading Australian research institution to develop functional aqua feeds that reduce methane emissions from aquaculture operations.
Rising Demand for Premium Products Driving Growth in the Functional Aquafeed Market"
The functional aquafeed market is witnessing strong growth as consumers increasingly prefer high-quality, nutrient-rich seafood. With growing health consciousness, people are willing to pay a premium for seafood products that offer enhanced nutritional value and superior quality.
This shift is also influencing the aquaculture industry, where fish farmers are seeking functional aquafeeds that enhance the protein content, appearance, and overall quality of fish and shellfish. These specialized feeds often contain essential additives such as proteins, omega-3 and omega-6 fatty acids, vitamins, and minerals, which promote faster growth, boost immunity, and improve the overall health of aquatic species.
Additionally, changing consumer preferences toward organic and sustainably sourced seafood are further driving demand for functional aquafeeds that comply with strict organic certifications. In response, aquafeed manufacturers are investing heavily in research and development, innovating advanced feed formulations to cater to the evolving needs of the high-end aquaculture sector.
Rising Consumer Demand for Minimally Processed, Additive-Free Aquafeed
The functional aquafeed market has experienced substantial growth in recent years, fueled by consumers' increasing preference for minimally processed, additive-free products. This trend has also influenced packaging innovations, as manufacturers focus on delivering convenient and efficient solutions for both commercial and recreational use.
To meet these evolving demands, producers are developing user-friendly packaging that ensures longer shelf life and precise dosing. Formats such as single-serve cups, frozen pouches, and containers with built-in measurement tools are gaining popularity. These innovations not only simplify feed management for aquaculture professionals but also appeal to home aquarium owners who seek effortless feeding solutions.
Among these advancements, automated feeding systems stand out for their efficiency, ensuring uniform distribution of feed through standardized packaging. Additionally, manufacturers are integrating QR codes into packaging designs, providing consumers with instant access to feeding instructions and nutritional details, enhancing both product experience and customer satisfaction.
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Key Companies Profiled:
Cargill
Charoen Pokphand Foods
BioMar Group
Ridley Corporation Limited
Aller Aqua
Biostadt India Limited
BENEO
Alltech
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global functional aqua feeds market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on Form Type (Extruded, Powder, Liquid, Pellets), Function (Health, Digestion, Palatability, Special Nutrition), Ingredients (Marine, Land Animal, Veg/Grain, Carotenoid, Nutrients, Others) & Sales Channel (Direct Sales, Indirect Sales, Hypermarket, Supermarket, Wholesalers, Speciality Stores, Online)across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).
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Precision nutrition in aquaculture involves providing life-stage-specific feeds that cater to the unique dietary needs of fish and other aquatic organisms at different growth stages.
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