Aqua Feed Market Regional Analysis

In 2021, Asia Pacific's revenue share for the aquafeed market was more than 43.9% and is expected to grow steadily during the analysis period. The rapid expansion of the aquaculture industry in the area is largely responsible for this trend. Reasons for its expansion include abundant natural resources, a low cost of living, and a favorable environment for aquaculture. There is rapid expansion in Europe's aquaculture industry, particularly in the UK, France, Italy, and Spain. An increase in feed efficiency and nutrient consumption among aquatic animals, as well as advancements in environmental management, have contributed to the expansion of the European aqua feed market.

Apart from the Asia Pacific and Europe, the market for aqua feed is expanding rapidly globally. The increased demand for seafood including salmonids, mollusks, hard clams, oysters, and mussels is expected to fuel the aquaculture industry in the North American region over the analysis period.