The North America shrimp feed market reached a volume of 182,342 Tons in 2019. Shrimp feed is the adequate food formulation that is required for producing healthy shrimp. It is utilized for meeting the essential nutritional requirements of farmed shrimp, such as vitamins, minerals, amino acids and fatty acids. The use of good quality feed in shrimp farming helps in improving the production volume and increase profit. In addition to this, optimal feed formulation is crucial to attain maximum nutrient retention by the shrimp. Shrimp feed is developed and tested by different nutritional experts before it is supplied to the market.
The North America shrimp feed market is being driven by several factors. The demand for shrimp is increasing rapidly in the region owing to its several health benefits, such as high protein content, omega-3, iodine and phosphorus. Moreover, due to rising levels of health consciousness among consumers, the demand for protein-rich seafood, such as shrimp, has witnessed strong growth in the region. Besides this, the need for ready-to-eat and easy-to-cook shrimp products is also increasing, which has catalyzed the volume production for high-quality shrimp feed. Furthermore, various forms of purified feed additives are being introduced in the market. These ingredients help in improving the growth and increase the production of shrimp across the region. Looking forward, IMARC Group expects the market to reach a volume of 245,755 Tons by 2025, registering a CAGR of 5.1% during 2020-2025.
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Report Customization: Although IMARC has tried to cover everything in the North America shrimp feed market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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