MARKET REPORT 70 FEED & ADDITIVE MAGAZINE August 2023 Aqua feed is defined as a commercially manufactured food for aquatic animals to fulfil their nutritional requirements. It is made up of various raw materials and additives, including plants, marine animals, grain products, terrestrial-based live feeds, vegetable protein, and fish oil. Today, modern aqua feed formulations are aimed to provide balanced nutrition for specific species of fish, promoting healthy growth and efficient feed conversion. These feeds often contain a combination of proteins, carbohydrates, fats, vitamins, and minerals tailored to meet the nutritional requirements of farmed fish at different stages of their life cycle, thus help in promoting efGlobal Aqua Feed Market Today, modern aqua feeds are aimed to provide balanced nutrition for specific species of fish, promoting healthy growth and efficient feed conversion. The global aqua feed market, which has a significant growth potential in terms of both volume and value, has a size of approximately US$ 60-70 billion according to some sources. In terms of production amount, according to the Alltech Agri-Food Outlook 2023 report, aqua feeds constitute approximately 4.2% of the global compound feed tonnage, which reached 1.266 billion metric tons in 2022. By Derya Yildiz
RkJQdWJsaXNoZXIy MTUxNjkxNQ==