$84B+ Aquafeed Market and Competition Assessment 2024-2029: Regional Analysis and Opportunities by Ingredient, Species, Function, Lifecycle, Form and Country [Yahoo! Finance]
MITSUI & CO LTD ADR (MITSY)
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Source: Yahoo! Finance
Dublin, Sept. 19, 2024 (GLOBE NEWSWIRE) -- The "Aquafeed Market by Ingredient (Soybean, Corn, Fishmeal, Fish Oil, Additives), Species (Fish, Crustaceans, Mollusks), Function (Nutrition, Growth Promoters, Immunity, Texture & Palatability), Lifecycle, Form and Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The global aquafeed market is estimated to be valued at USD 59 billion in 2024 and is projected to reach USD 84.2 billion by 2029 at a CAGR of 7.4%. Due to the ever-growing global population, there is an increase in demand for food & beverage products, where seafood also holds a significant position, which drives the need for more efficient aquaculture practices and higher-quality feeds for aquatic animals. According to the FDA Dietary Guidelines for Americans, healthy adults are advised to consume 8 to 10 ounces of fish per week as part of a balanced diet. The quality of aquafeed directly impacts the nutritional value of the seafood
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