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MarketsandMarkets projects the global aquafeed market to reach USD 88.0 billion by 2028, up from USD 61.8 billion in 2023, at a 7.3% CAGR. The report attributes growth to rising demand for farmed fish protein and reduced reliance on wild fish stocks.
It also notes soybean ingredients as the largest segment.
Projected aquafeed demand growth supports long-term demand for soybean meal and fishmeal substitutes, but the forecast does not signal a near-term price move.
prnewswire.comMarketsandMarketsJul 18, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
