Shrimp Feed Market Outlook
According to the report by Expert Market Research (EMR), the global shrimp feed market size reached a value of approximately USD 9.45 billion in 2022. Aided by the rising demand for seafood products and the increasing usage of shrimp feed in aquaculture, the market is projected to further grow at a CAGR of 5.6% between 2023 and 2028 to grow significantly by 2028.
Shrimp feed is a formulated diet designed for farmed shrimp, containing a mix of nutrients, including protein, carbohydrates, fats, minerals, and vitamins, to support shrimp growth, health, and overall well-being. Shrimp feed plays a critical role in maximising the growth potential of farmed shrimp and enhancing their resistance to diseases. Apart from its nutritional benefits, shrimp feed also has economic implications, as it directly impacts the yield and profitability of shrimp farming operations.
The burgeoning consumer preference for seafood products, particularly shrimp, is driving the global shrimp feed market growth. With the rising awareness about the health benefits associated with seafood consumption, such as heart health improvement and brain development, there has been a significant shift towards seafood-rich diets, leading to an upswing in demand for shrimp feed. Moreover, the growing trend of health and wellness has further accentuated the popularity of shrimp feed, given its pivotal role in ensuring the health and quality of farmed shrimp.
Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/shrimp-feed-market/requestsample
The broadening applications of shrimp feed in the aquaculture industry also play a crucial role in the shrimp feed market development. In shrimp farming, shrimp feed is used as a primary source of nutrition to support the rapid growth and high survival rates of shrimps. Its precise formulation, which includes necessary nutrients and functional additives, contributes to the yield and quality of the harvest, thereby increasing the profitability of shrimp farming.
Further, the increasing demand for high-quality and sustainably farmed shrimp in the food industry has led to a heightened focus on shrimp feed as an essential aspect of shrimp farming. With the rise of sustainable aquaculture practices and the growing popularity of responsibly sourced seafood, shrimp feed has emerged as a significant component in ensuring the health, quality, and sustainability of farmed shrimp, thus fuelling the shrimp feed market expansion.
Shrimp Feed Market Segmentation
The market can be divided based on type, ingredients, additives, and region.
Market Breakup by Type
- Grower
- Finisher
- Starter
Market Breakup by Ingredients
- Soybean Meal
- Fish Meal
- Wheat Flour
- Fish Oil
- Others
Market Breakup by Additives
- Vitamins and Proteins
- Fatty Acids
- Antioxidants
- Feed Enzymes
- Antibiotics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/shrimp-feed-market
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global shrimp feed companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Cargill, Incorporated
- Charoen Pokphand Foods PCL
- Nutreco
- BioMar Group
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: Sophia Grace, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
