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Salmon Feed Market

: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Global Salmon Feed Market: By Salmon Type (Atlantic Salmon, Pacific Salmon), By Feed Type (Non-medicated Feed, Medicated Feed), By Ingredient Type (Corn, Soybean, Fishmeal, Fish Oil, Others), By Distribution Channel (Veterinary Pharmacies, Online Stores, Others), and Geography

 

Global Salmon Feed Market

 

Market Outline: Global Salmon Feed Market

Salmon farming is the one of largest growing industries around the globe. Salmon feed is prepared by mixing the various raw materials with additives. Salmons are generally carnivores meat eaters. Farmed salmon fed dry pellets that contain approximately 70 percent of vegetable ingredients and 30 percent of marine raw materials such as fish oil and fishmeal. The vegetable ingredients of the salmon feed are derived from the plants like corn, rapeseed, wheat, and broad beans among others.

 

Market Dynamics: 

Increase in the production of salmon production around the globe coupled with rise in awareness about the aquafeed products among the farmers drive the global salmon feed market. Moreover, rise in R&D for the development of newer salmon feed products, frequent product launches by the market players, rise in demand for the consumption of healthy salmon, increase in the international trading of salmonid species, and rise in prevalence of various diseases in salmon, for instance, in October 2017, approximately 125,000 salmon have died due to a disease outbreak at two fish farms on the Isle of Lewis due to bacterium Pasturella Skyensis infection are fuel the growth of global salmon feed market over the forecast years. However, fluctuations in raw material costs, stringent regulation for the residual limits in salmon species, low awareness about salmon diseases in underdeveloped countries, and environmental threats leads to increase in salmon mortality are hinder the growth of the market.

 

Market Scope: 

Global salmon feed market is segmented based on salmon type, feed type, ingredient type, and distribution channel

Based on salmon type, market is segmented into the following:

  • Atlantic Salmon
  • Pacific Salmon

Based on feed type, market is segmented into the following:

  • Non-medicated Feed
  • Starter Feed
  • Grower Feed
  • Smolt Transfer
  • Others
  • Medicated Feed
  • Vitamins
  • Minerals
  • Feed Enzymes
  • Others

Based on the distribution ingredient type, market is segmented into the following:

  • Corn
  • Soybean
  • Fishmeal
  • Fish Oil
  • Others

Based on the distribution channel, market is segmented into the following:

  • Veterinary Pharmacies
  • Online Stores
  • Others

Geography

 North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

Regional Analysis: 

Geographically, global salmon feed market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe salmon feed market has highest share in the global salmon feed market attributed to increase in the salmon farming in the Norway, Russia, UK, and Ireland, entry of market players into Europe with launch of newer products, and increase in demand for the consumption of healthy salmon are propel the market . Latin America salmon feed market is driving by rise in production of salmon in Chile, acquisitions and mergers between the market players for strengthening of business, and rise in prevalence of various diseases are surge the market. Asia Pacific has prominent share attributed to increase in the adoption of salmon feed among the aquaculture farmers in Australia, China, and Japan, rise in R&D for the development of newer products, and rise in trading of salmon are bolster the market.

 

Competition Assessment: 

Some of the market players include:

  • Biomar (Denmark)
  • Cargill, Inc. (U.S.)
  • Avanti Feeds Ltd. (India)
  • Nutraid (Belgium)
  • Nutreco N. V (Netherlands)
  • Bunge Ltd. (U.S.)
  • Ridley Corporation Ltd (Australia)
  • Archer Daniels Midland Company (U.S.)
  • Alltech (U.S.)
  • Zhuhai Shihai Feed Co. Ltd (China)

Notable Market Developments: 

  •  In August 17, 2015, Cargill entered into salmon feed market with purchase of EWOS from Altor and Bain Capital