Aquafeed Market Gaining Traction from Increasing Seafood ConsumptionPosted by Lohitha on July 11th, 2019 Aquafeed market was valued at a range of .2Bn - .6Bn in 2018, and demand in it is estimated to grow with a CAGR of about 4%-6% during the forecast period 2019-2025, according to a new market research report from IndustryARC titled: “Aquafeed Market: By Form (Dry, Moist, Wet), By Ingredients (Soybean, Fish Meal, Corn, Others), By Additives (Vitamins, Antibiotics, Others), By End-user (Fish, Mollusks, others) By Geography - Forecast (2019-2024).”
https://www.industryarc.com/Report/15096/aquafeed-market.html Aquafeed Market Product Analysis: Worldwide aquaculture production for the current year 2018 is recorded around 76.6 million MT, according to World Bank’s report “FISH TO 2030 Prospects for Fisheries and Aquaculture”. And, there exists a need of 78.6 million MT by 2020 and 93.6 million MT aquaculture production by 2030. Feed plays a promising role in aquaculture production. Aquafeed is a special animal food which is to be water resistant. This feed appears in the form of granules or pellets which is obtained from a combination of ingredients such as vegetable proteins, cereal grains, vitamins and minerals that provides nutrition and enables fish with effective feed to empower its potential. Increasing demand for health benefits to human by seafood consumption is driving the growth of the aquafeed market. Herbivorous fish eat plant proteins such as soy, corn; vegetable oils, minerals, and vitamins as a part of their feed. Whereas farmed carnivorous fish feed includes herbivorous fish, fish meal, fish oils and proteins, plant proteins, minerals, and vitamins. Soybean meal, fish meal, and corn are the major ingredients used in aquafeed production. Corn gluten meal act as a protein source for fish, Omega-3 Canola Oil is an alternative for fish oil and act as a dietary source of docosahexaenoic acid (DHA) in feed for salmon fish, sunflower protein concentrate is used in the diet of catfish. The aquafeed market research is focused on identifying alternatives which enhance the growth of fish. The aquaculture feed is essential for the production of profitable marine livestock. Rising efficiency of feed production develops aquaculture sustainability and also reduces the environmental impact. Aquafeed Market Competitive Landscape: Avanti Feeds Limited, Cargill Inc, Alltech, Archer Daniels Midland Company, Ridley Corporation Limited, Nutreco N.V, Biostadt India Limited, Nutriad, Aller Aqua A/S, Purina Animal Nutrition are the key players holding a major share in the Aquafeed market Aquafeed Market Segment Analysis: Carp type is leading with a major share in the aquafeed market and is estimated to grow at a CAGR of 29%-31% during the forecast period 2019 - 2025. According to a survey it was noted as 62% of China’s aqua feed production is for carp thus it occupies a dominating share among others Aquafeed comprises of feed pellets with high nutritional value products to increase the aquaculture feed production. Growing seafood consumption coupled with human health benefits is influencing the manufacturers to proceed with innovative formulations. The increasing number of plants for aquafeed production in eminent countries is projected to stroke the aquafeed market growth during the forecast period 2019-2025. Talk to one of our sales representative about the full report by providing your details in the link below: https://www.industryarc.com/support.php?id=15096 About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact Us: Like it? Share it!More by this author |