Shrimp Feed Market

The feed market is a booming industry in the marine aquaculture sector, with global shrimp feed accounting for one-third of the total aquaculture feed market. The growing demand for shrimp feeds has been driven by the increasing production levels and consumption of shrimp around the world.

The rising demand for shrimp, owing to its health benefits, such as being rich in omega-3 fatty acids and proteins, is the primary factor driving the growth of the shrimp feed market. The growing aquaculture industry and the changing preferences of consumers towards seafood are also contributing to market growth.

Some of the latest trends in this market include the development of plant-based feeds, the use of alternative sources of protein such as insects and algae, and the incorporation of functional ingredients such as probiotics in feeds.

The shrimp feed market is expected to grow at a CAGR of around  **% during the forecast period. The major drivers for the growth of the shrimp feed market are the growing demand for seafood and the need to meet the rising global demand for shrimp.

Some of the major players in the shrimp feed market are Avanti, Charoen Pokphand Food, BioMar, CP Aquaculture, Thai Union Feedmill, Nutreco, BernAqua, Tongwei Co., Guangdong HAID, Guangdong Evergreen Feed, Yuehai Feed, and Cargill.