The US market supplies the majority of the seafood demand.
The National Marine Fisheries Service has created strict regulatory frameworks
for the fishing industry's production, use, and marketing, resulting in a more
structured and contemporary aquafeed
market. Antibiotics as growth promoters in feed additives for
aquatic animals were recently outlawed in the United States. Other natural
alternatives have raised the demand for essential oils as a result of the ban,
as they provide sufficient production outputs at a lower cost, hence raising
demand for aquafeed.
With the present population and consumption patterns, the
strain on land-based food items must be managed. As a result of the increase in
aquaculture to meet the growing demand for seafood, the aquafeed sector is
growing. Carp, salmon, tilapia, and catfish are some of the several types of
fish. In the aquafeed market projection, the carp fish type has the biggest
market share. This is due to their widespread availability and popularity, as
common carp fish kinds are adaptable to a wide range of environmental
circumstances.
Several firms are focusing their research on new aquafeed
formulations to boost nutrient digestibility in order to reduce the
environmental and ecosystem impact of aquafeed. According to the FAO, high
digestibility of aquafeed ingredients means less nutrient and aquafeed waste,
which helps to reduce negative environmental and ecosystem consequences.