Global Ornamental Fish Feed Market: Trends, Size, Growth, Opportunity and Forecast 2022-2028

 

Ornamental fish are typically colorful fish kept as pets in the confines of an aquarium. Some ornamental fish species include invertebrates and mollusks. Ornamental fish feed is animal or plant material intended for ornamental fish consumption. Specific ingredients in this feed include vegetable proteins, fishmeal, and wheat as a binding agent. A growing number of consumers are interested in keeping fish as pets, which has led to an increase in ornamental fish production, which has boosted the growth of the ornamental fish feed market. According to the Ministry of Food, Agriculture, and Livestock, ornamental fish production in Turkey was 474.48 tonnes in 2015, rising to 625.13 tonnes in 2016.

Ornamental Fish Feed Market is colorful fish kept in a confined space such as an aquarium or garden pool. The ornamental fish feed contains animal or plant material that serves as a source of nutrition for these fish. Ornamental fishes require trace amounts of macronutrients, vitamins, and some elements to stay healthy. To avoid renal failure and other infections, fish food should ideally provide them with energy and be easily digestible. The ornamental fish feed comes in a variety of forms, including dried food, frozen food, and live food. Frozen food is a highly nutritious food that has been artificially prepared in the form of flakes, tablets, and pellets. Some fish food also contains additives that artificially enhance the color of the fish.

The ornamental fish feed consumption market is expected to grow during the forecast period due to driving factors such as rising disposable income combined with increased adoption of ornamental fishes as a result of consumers' growing interest in aquarium fishes. Furthermore, government initiatives promoting the ornamental fisheries sector drive the Ornamental Fish Feed Market forward. However, stringent government regulations prohibiting animal cruelty have a negative impact on the growth of the ornamental fish feed consumption market. Increased awareness about nutritional considerations for fish, on the other hand, is likely to present a growth opportunity for the ornamental fish feed consumption market during the forecast period.

Key Players

Alltech Inc., Ocean Star International, Inc., Cargill Incorporated., Hai Feng Feeds Co., Ltd., Taiyo Group, Sera GmbH, AlgaSpring B.V., PT Central Proteina Prima Tbk, and Tianjin Dongjiang Food Co., LTD are some of the major market players operating in the global ornamental fish feed market.