Aquafeed Industry Worth 5 Billion By 2022 - Hexa Research
Posted by Marsh William on February 5th, 2018
Global Aquafeed Market size is anticipated to be valued at USD 165.04 billion by 2022, as per a new research report by HexaResearch. Increase in fish consumption for direct and indirect consumer applications is anticipated to drive the market growth. Increasing awareness regarding feed benefits in aquaculture among breeders is likely to drive the demand. Rising nutraceuticals demand such as omega 3 fortified products is expected to drive industry growth. Global aquafeed additives market is expected to reach USD 1.21 billion by 2022.
Amino acids dominated aquaculture additives market and accounted for more than 25% of the total demand in 2014. Increasing demand to maintain proper metabolism and provide proteins to aquatic animals is likely to drive growth. Feed acidifiers are likely to witness highest gains with an estimated CAGR of 6.0% from 2015 to 2022. Feed acidifiers demand has been witnessing a growth as it is effective in controlling diseases including caused by harmful bacteria such as E coli and Salmonella.
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About the AuthorMarsh William
Joined: August 11th, 2017
Articles Posted: 478
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