The global aquaculture nutrition market is projected to reach USD 302.7 billion by 2034, growing from an estimated USD 184.1 billion in 2024 at a CAGR of 5.1% over the forecast period from 2024 to 2034.
The rising awareness surrounding sustainable and efficient food production methods, driven by the world’s growing population, is a key driver of industry growth. With wild fish stocks unable to meet the surging demand for seafood, aquaculture has emerged as a viable and essential alternative.
Leading companies like Cargill and Skretting are spearheading innovation in this sector. Cargill has developed feeds that strengthen the immune systems of farmed fish, leading to healthier stocks and higher yields. Meanwhile, Skretting is dedicated to providing optimal nutrient solutions for fish while minimizing environmental impact.
Consumers, who are increasingly health-conscious and affluent, are willing to pay a premium for higher-quality seafood, particularly fish. Aquaculture nutrition products are instrumental in enhancing both the nutritional value of farmed fish and the growth potential of the industry.
Furthermore, advancements in feed formulation and production technologies have made high-quality feeds more accessible and affordable, contributing significantly to the industry's expansion.
Read full Report: https://www.futuremarketinsights.com/reports/aquaculture-nutrition-market
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