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The Egypt aquafeed market grew at a CAGR of around 8% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit continuous growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Aquafeed refers to compounded meals for aquatic animals that are prepared by combining several additives and raw materials. These blends are formulated and provided according to the specific requirements of the fish species and age. Aquafeed mainly comprise of soybean, fish meal, corn, fish oil, and various additives, such as feed acidifiers, antibiotics, vitamins, amino acids, etc. The feed provides numerous benefits in maintaining the proper growth and nourishment, mitigating disease outbreaks, and boosting immunity of aquatic animals.
In Egypt, a significant growth in the aquaculture sector along with increasing demand for seafood for both domestic consumption and exports is propelling the market for aquafeed. Furthermore, the growing investments by the General Authority for Fish Resources Development (GAFRD) in sustainable production of seafood, mainly including sea bass, sea bream, shrimps, etc., is also driving the product demand. In addition to this, the changing consumer inclination from high-calorie food products towards a protein-rich diet, including fish meat, crustaceans, mollusks, etc., is further catalyzing the market growth in Egypt. Moreover, the rising environmental concerns towards the negative impact of chemical-based feed additives on the aquatic ecosystem are also augmenting the need for natural product variants. In line with this, the growing penetration of organic food trends is further driving the demand for naturally-sourced feed additives, such as fish meal and oil.
IMARC Group provides an analysis of the key trends in each sub-segment of the Egypt aquafeed market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on species, ingredient, lifecyle and form.
Breakup by Species:
Breakup by Ingredient:
Breakup by Lifecyle:
Breakup by Form:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Aller Aqua Egypt (Aller Aqua Group A/S), Archer Daniels Midland Company, Bühler Group, Cargill Incorporated, Evergreen Egypt United, Five Star Feed Mills and Animal Produce Company, Koudijs Animal Nutrition B.V. (De Heus Voeders B.V.), New Hope Egypt Aquatic Technology Co. Ltd. (New Hope Liuhe Co., Ltd.), Skretting Egypt (Nutreco N.V) and Zeigler Bros. Inc.
|Base Year of the Analysis||2020|
|Units||US$ Million, Million Tons|
|Segment Coverage||Species, Ingredient, Lifecycle, Form, Region|
|Region Covered||Alexandria, Delta, Suze Canal, Greater Cairo and Upper North Region, Asyut Region, South Upper Region|
|Companies Covered||Aller Aqua Egypt (Aller Aqua Group A/S), Archer Daniels Midland Company, Bühler Group, Cargill Incorporated, Evergreen Egypt United, Five Star Feed Mills and Animal Produce Company, Koudijs Animal Nutrition B.V. (De Heus Voeders B.V.), New Hope Egypt Aquatic Technology Co. Ltd. (New Hope Liuhe Co., Ltd.), Skretting Egypt (Nutreco N.V) and Zeigler Bros. Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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Corporate License: US$ 3499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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