The Global aqua feed market has witnessed continued demand during the last few years. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on global aqua feed Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving million-dollar growth readily in the forecast period.
Global Key Players and Competition Analysis
The key players profiled in aqua feed are Cargill Inc. (U.S.), BioMar Group (Denmark), Waterbase Ltd (India), BASF (Germany), Alltech Inc. (U.S.), Coppen International BV (Netherlands), Ridley Corporation (Australia), Zeigler bros. Inc. (U.S.), Evonik Industries (Germany) and Marvesa (Netherland)
Segmentation Analysis
Global Aqua feed market has been divided into aquatic species, ingredients, additive type, life cycle, and Region
- Based on Aquatic Species: Carps, Molluscs, Shrimps, Crustaceans, Catfish, Trouts, and Others
- Based on Ingredients: Wheat, Corn, Other Grains, Pulses, Oilseeds, and Others
- Based on Additive Type: Vitamins, Antioxidant, Antibiotics, Feed Enzymes, Amino Acid, and Others
- Based on Life Cycle: Alevin, Fry, Smolts, and Adult
- Based on Region: North America, Europe, Asia Pacific, and Rest of the World
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Regional Analysis
The Global Aqua Feed Market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the region, Asia Pacific region is estimated to account for the major market proportion in the year of 2017. The region is estimated to retain its dominance throughout the forecast period of 2017-2023. East & south eastern part of Asia Pacific region is the largest producer of seafood products. Also, the consumption of aqua feed products is increasing extensively owing to the fish farming in that countries especially Philippines, Thailand and other South East Asian countries.
Market Scope
The significant factor driving the growth of the aqua feed market is the rising fish consumption coupled with the increasing growth of processed seafood products. Rising middle income population group in developing economies directly influencing the sales of aqua feed products during the forecast period. Increasing demand for high protein food among the consumer. Fish and shellfish contain high quality protein and other essential nutrients and are an important part of a healthful diet.
Browse the market data and information spread across 110 pages with 59 data tables and 14 figures of the report “Aquafeed Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/aquafeed-market-1920
Industry News:
May 2017 Cargill, Inc. expanded their new aqua food manufacturing plant in Vietnam. New manufacturing capacity of the plant is catering the excessive demand of aqua feed in Vietnam.
April 2016 EVONIK launched AQUAVI® Met-Met as an aqua feed. The product strengthens the overall market position in the Asia pacific region.
May 2017 Bio Mar expanded their presence in Africa region by introducing aqua feeds for tilapia and catfish.
March 2017 Archer Daniels Midland expanded their presence in China by introducing new plant in China.
