LAMEA Aquafeed Market Size, Share & Industry Trends Analysis Report By Form (Dry, Moist and Wet), By Application, By Feed (Grower Feed, Finisher Feed, Starter Feed and Brooder Feed), By Additives, By Country and Growth Forecast, 2022 - 2028

The Latin America, Middle East and Africa Aquafeed Market is expected to witness market growth of 5.3% CAGR during the forecast period (2022-2028).

Generally floating feeds have many benefits over their sinking equivalents. In the extruder machine, raw materials are heated for around 30 seconds at a temperature between 120 and 175 degrees Celsius. High pressure is used to push the uniformly cooked mixture through a die.

The pressure differential causes the material to expand. The cooking process makes floating meals more digestible, and the pressure and heat also disable harmful enzymes. By disintegrating less quickly, increased starch gelatinization makes feed more stable in water, giving fish more time to consume the meal in its entirety. Additionally, the farmer may watch his fish's feeding behavior immediately and change the feeding rate accordingly. Determining whether the feeding rate is too high or too low is crucial for optimum fish growth and feed utilization.

Compared to food security concerns, the UAE imports up to 90% of the food it consumes domestically, which presents a severe challenge to the nation's food security. As per international best practices, nations choose a primary source of protein and then seek to make sure it is present in their 'Staple Food Items.' The UAE places a lot of emphasis on fish as a source of protein and has invested considerably in infrastructure and aquaculture projects. The disparity between national supply and demand, however, is widening. According to statistics, the UAE eats 220,000 tons of fish annually, of which more than 75% are imported, and only 2% is produced domestically through aquaculture.

Brazil is a significant player in the marine ornamental trade, using indigenous species for both home and international markets. The bulk of research has solely examined fish, and very few have examined the wild species employed by the Brazilian marine aquarium industry. A wide variety of natural species, including fish as well as crabs, seaweeds, reefs, and macrophytes, were found in the Brazilian marine aquarium trade.

The Brazil market dominated the LAMEA Aquafeed Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1,368.9 Thousands by 2028. The Argentina market is anticipated to grow at a CAGR of 5.9% during (2022-2028). Additionally, The UAE market is expected to showcase a CAGR of 5.1% during (2022-2028).

Based on Form, the market is segmented into Dry, Moist and Wet. Based on Application, the market is segmented into Carp, Catfish, Salmon & Sea Bass, Rainbow Trout, Grouper, Crustaceans, Tilapia and Others. Based on Feed, the market is segmented into Grower Feed, Finisher Feed, Starter Feed and Brooder Feed. Based on Additives, the market is segmented into Amino Acids, Anti-parasitic, Enzymes, Probiotics & Prebiotics, Vitamins, Minerals & Feed Acidifiers, Antibiotics & Antioxidants and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nutreco N.V., Koninklijke DSM N.V. (Biomin GmbH), Charoen Pokphand Foods Public Company Limited, BENEO GmbH (Südzucker AG), Avanti feeds Limited, Cargill Corporation, Aller Aqua A/S, Alltech, Inc., and BioMar A/S (Schouw & Co.)

Scope of the Study

Market Segments Covered in the Report:

By Form

• Dry
• Moist
• Wet

By Application

• Carp
• Catfish
• Salmon & Sea Bass
• Rainbow Trout
• Grouper
• Crustaceans
• Tilapia
• Others

By Feed

• Grower Feed
• Finisher Feed
• Starter Feed
• Brooder Feed

By Additives

• Amino Acids
• Anti-parasitic
• Enzymes, Probiotics & Prebiotics
• Vitamins, Minerals & Feed Acidifiers
• Antibiotics & Antioxidants
• Others

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Nutreco N.V.
• Koninklijke DSM N.V. (Biomin GmbH)
• Charoen Pokphand Foods Public Company Limited
• BENEO GmbH (Südzucker AG)
• Avanti feeds Limited
• Cargill Corporation
• Aller Aqua A/S
• Alltech, Inc.
• BioMar A/S (Schouw & Co.)

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