Egypt Fish Feed Market By Product Type (Plant Based, Fish & Fish Products, Microorganism), By Form (Pellet, Granules, Flakes, Sticks, Powder), By Region, Competition Forecast & Opportunities, 2018-2028F
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEgypt Fish Feed Market By Product Type (Plant Based, Fish & Fish Products, Microorganism), By Form (Pellet, Granules, Flakes, Sticks, Powder), By Region, Competition Forecast & Opportunities, 2018-2028F
Fish feed is typically made up of protein, fat, carbohydrates, vitamins, and minerals. These nutrients are essential for fish growth and development, and a well-balanced fish feed can help to optimize fish health and performance. Fish feed plays a vital role in aquaculture, which is the practice of farming fish in tanks, ponds, or other aquatic environments. The right fish feed not only ensures that fish grows at the desired rate, but also keeps them healthy and disease-free. There are different types of fish feed, such as
Egypt has a long history of aquaculture, dating back to the time of the pharaohs. Today, Egypt is one of the largest producers of fish in Africa, with aquaculture accounting for around 70% of the country's fish production. As the aquaculture industry in Egypt continues to grow, so does the demand for fish feed.
Fish Feed Market in Egypt is poised for growth as the country's aquaculture industry continues to expand. While there are challenges to be addressed, including the high cost of imported raw materials and the need for greater awareness among farmers, there are also opportunities for manufacturers to develop innovative products and for farmers to adopt best practices for feeding their fish. As the demand for fish continues to rise, the fish feed market in Egypt is likely to remain a key player in the aquaculture industry.
Download Free Sample Report Growing Government Support is Driving Market Growth
The Egyptian government has been actively supporting the growth of the aquaculture industry by providing subsidies to farmers for the purchase of commercial fish feed and establishing training programs to educate farmers about the benefits of using high-quality fish feed. This support is helping to promote the use of commercial fish feed and driving demand for these products.
Technological Advancement in the Industry and Favorable Regulatory Environment are Driving Market Growth
Advances in technology are driving innovation in the fish feed industry in Egypt, with manufacturers developing new products that are more efficient and effective at meeting the nutritional needs of different fish species. This is helping to improve the quality of fish feed and driving demand for these products.
The regulatory environment for the aquaculture industry in Egypt is favorable, with the government providing incentives for investment and supporting the industry's growth. This has created a conducive environment for fish feed manufacturers to operate and expand their businesses.
Major Challenges faced by Fish Feed Market
The high cost of imported raw materials, such as fishmeal and soybean meal, is one of the major challenges faced by the fish feed market in Egypt. These materials are essential for producing high-quality fish feed, but their prices are subject to fluctuations in the international market, making it difficult for manufacturers to maintain consistent pricing and quality.
Another major challenge facing the fish feed market in Egypt is the lack of awareness among farmers about the importance of using high-quality fish feed. Some farmers still rely on farm-made fish feed, which may not meet the nutritional requirements of their fish and can lead to poor growth and health problems. Educating farmers about the benefits of using commercial fish feed is essential to promote its use and drive demand for these products.
Many small-scale farmers in Egypt struggle to access financing to purchase commercial fish feed, which can be more expensive than farm-made feed. This limits their ability to invest in the industry and grow their businesses, leading to reduced demand for commercial fish feed.
Ensuring the quality of fish feed is a critical challenge for the industry in Egypt. Poor quality feed can lead to poor growth and health problems in fish, which can reduce the profitability of the industry. There is a need for improved quality control measures to ensure that commercial fish feed meets the required nutritional standards and is safe for consumption.
The lack of adequate infrastructure, such as storage facilities and transportation networks, can limit the availability of fish feed in some parts of the country. This can make it difficult for farmers to access the products they need and limit the growth of the industry in these areas.
Recent Trends and Developments
- In the past three
years, there has been a significant increase in investment in the aquaculture
industry in Egypt, which has driven growth in the fish feed market. For
example, in 2019, the International Finance Corporation (IFC) announced an
investment of USD25 million in a new fish feed plant in Egypt. This plant,
which is expected to be one of the largest in the country, will produce high-quality
fish feed for the local and international markets.
- Several
international companies have also entered the Egyptian fish feed market in
recent years, partnering with local manufacturers to expand their operations.
In 2021, for example, the
Norwegian fish feed company BioMar announced a partnership with the Egyptian
company Aqua Food Industries to produce and distribute high-quality fish feed
in Egypt.
- Advances in
technology have also played a significant role in the recent developments in
the fish feed market in Egypt. Manufacturers are developing new products that
are more efficient and effective at meeting the nutritional needs of different
fish species. For example, in 2020, the Egyptian company Delta Feed launched a
new range of fish feed products that are formulated specifically for tilapia,
one of the most important fish species in the Egyptian aquaculture industry.
Market Segmentation
Egypt Fish Feed Market
Market Players
Biomar Egypt, Skretting Egypt, Aller Aqua Egypt, AQUA Feed, Aquafeed Egypt, Egyptian International Feed Factory, Advanced Nutrition Egypt, Al Haramain Feed, Egyptian European Company for Food Industries, FeedTech
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report
coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
covered |
Product Type Form |
|
Regional
scope |
Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt |
|
Key companies
profiled |
Biomar Egypt, Skretting Egypt, Aller Aqua
Egypt, AQUA Feed, Aquafeed Egypt, Egyptian International Feed Factory,
Advanced Nutrition Egypt, Al Haramain Feed, Egyptian European Company for
Food Industries, FeedTech |
|
Customization
scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and
purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase
options |
|
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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