Market Size of South America Aqua Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.20 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South American Aqua Feed Market Analysis
The South America Aquafeed market is projected to register a CAGR of 5.2% during the forecast period 2020-2025. Brazil and Chile together with 1.9 million tons of fish production are the major producers which in turn is expected to lead the South American aquaculture feed market. Also, an increase in the production of aquatic species, steady change in diet preferences, and increasing fish consumption drive the market in the region. However, factors like environmental concerns on water quality and lack of cost-effective feeds and feeding strategies are posing a threat to the aquafeed industry. Currently, aquafeed is being produced in the form of granules or pellets. They provide nutrition in a stable and concentrated form, enabling aquatic species to feed efficiently and grow to their full potential.
South American Aqua Feed Industry Segmentation
Aquafeed is commonly available in the form of pellets, which vary in size depending upon the species that has to be fed. The market is broadly categorized by type into Fish feed (Carp Feed, Salmon Feed, Tilapia Feed, Catfish Feed, and Other Feed Types), Molluscs Feed, Crustaceans Feed (Shrimp Feed, Other Crustacean Feed) and Other Aqua Feed. The report presents a wide-ranging analysis of market share, size, and volume of the aquafeed market in South America.
Feed Type | |||||||
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Molluscs Feed | |||||||
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Other Aqua Feed |
Geography | |
Brazil | |
Peru | |
Chile | |
Argentina | |
Rest of South America |
South America Aqua Feed Market Size Summary
The South America aquafeed market is experiencing a steady growth trajectory, driven by increasing fish production in countries like Brazil and Chile. These nations are leading the charge in the region's aquaculture feed market, supported by a rise in aquatic species production and changing dietary preferences among consumers. The market is characterized by the production of granules or pellets, which offer concentrated nutrition to support the efficient growth of aquatic species. Despite these positive trends, the industry faces challenges such as environmental concerns regarding water quality and the need for more cost-effective feeding strategies. The growing demand for aquaculture products is directly influencing the production quantities of aquafeed, with rising seafood consumption further propelling market expansion.
In South America, the aquafeed market is marked by a competitive landscape where major players like Biomar A/S, Nutreco NV, and Cargill Inc. are vying for market share. These companies are not only focusing on product quality and promotion but are also engaging in strategic initiatives such as innovative product development, partnerships, and mergers and acquisitions to strengthen their market position. The market's consolidated nature is evident as these key players dominate the scene, leveraging their expertise to meet the increasing demand for high-protein and omega-3-rich feeds, which are essential for the healthy growth of fish and crustaceans. The rising export of seafood, particularly to markets like China, and the import needs of countries like Japan further underscore the growing importance of aquafeed production in the region.
South America Aqua Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Feed Type
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2.1.1 Fish Feed
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2.1.1.1 Carp Feed
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2.1.1.2 Salmon Feed
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2.1.1.3 Tilapia Feed
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2.1.1.4 Catfish Feed
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2.1.1.5 Other Feed Types
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2.1.2 Molluscs Feed
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2.1.3 Crustaceans Feed
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2.1.3.1 Shrimp Feed
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2.1.3.2 Other Crustacean Feed
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2.1.4 Other Aqua Feed
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2.2 Geography
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2.2.1 Brazil
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2.2.2 Peru
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2.2.3 Chile
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2.2.4 Argentina
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2.2.5 Rest of South America
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South America Aqua Feed Market Size FAQs
What is the current South America Aqua Feed Market size?
The South America Aqua Feed Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in South America Aqua Feed Market?
Biomar , Nutreco , ADM , Cargill Inc. and Alltech are the major companies operating in the South America Aqua Feed Market.