Aquafeed Market, Advancement Strategy, Main Top Players, Analysis and Forecast To 2023

30/mag/2019 07:27:31 Tejas Amale Contatta l'autore

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Market Insights:

The acceleration witnessed in aquaculture production will drive the market growth of the aquafeed market. Market Research Future (MRFR) has unfolded in its latest report that the Global Aquafeed Market will exhibit market expansion at a healthy CAGR across the forecast period 2018 to 2023.

The rising demand for sea food will accelerate the demand for aquaculture farming which is expected to grow in the aquafeed market. The nutritional value of fish, awareness of the benefits of omega 3 enriched diet, etc. are propelling the demand for water for the farmers and is anticipated to demonstrate similar trends throughout the projection period.

The catalyzed demand demonstrated by crustacean and carp farming has also multiplied the revenue generation in the aquafeed market. Other factors such as increasing population, rising per capita income, urbanization, etc. are obliquely fueling the growth and expansion of the market. Furthermore, the increasing product offering with an innovative blend of additives and ingredients are poised to generate more demand in the market over the next couple of years. However, the price fluctuations of raw materials used for the production of aquafeed will restrict the growth and expansion of the market during the forecast period.

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Competitive Landscape:

Major players profiled in the Aquafeed Market report published by MRFR are

  • BioMar Group (Denmark)
  • Cargill Inc. (US)
  • BASF (Germany)
  • Waterbase Ltd (India)
  • Alltech Inc. (US)
  • Coppen International BV (Netherlands)
  • Zeigler bros. Inc. (US)
  • Ridley Corporation (Australia)
  • Evonik Industries (Germany)
  • Marvesa (Netherland)

In 2018, Green Plains Inc. and Optimal Fish Food LLC had announced joint ventures where the motif is to make better products with good nutritional value. In this regard, these companies have seen integrated new technologies and innovations.

Market Segmentation:

The Global Aquafeed Market, as per MRFR, can be segmented by Species, Ingredients, Additive Type, and Life Cycle.

By Aquatic Species, the global water market is segmented into carps, molluscs, shrimps, crustaceans, catfish, trouts, and, others.

By ingredients, the global market for water has been segmented into wheat, corn, other grains, pulses, oilseeds, and, others.

By Additive Type, the global water market is segmented into vitamins, antioxidant, antibiotics, feed enzymes, amino acid, and, others.

By Life Cycle, the aquafeed market has been segmented into alevin, fry, smolts, and, adult.

Regional Analysis:

By Region, the Global Water Market is segmented into North America, Europe, Asia Pacific, and, Rest of the world. The Asia Pacific market is projected to grow at a robust CAGR across the assessment period. The increase in aquaculture production in the region will fuel growth and expansion of the market. China plays a crucial role in the growth of Asia Pacific is expected to hold its position over the forecast period persistently.

The market in Europe is poised to thrive at moderate peace from 2017 to 2022 owing to increased demand for sea food and its nutrients. Growth strategies executed by the prominent players in the region is also expected to accelerate the expansion of the market.

The growth in the North American market can be attributed to key players in the market such as Cargill Inc., Zeigler bros. Inc., Alltech Inc., etc. The market will benefit from the awareness of fish in the region. The growing demand for omega 3 enriched diet will catalyze the aquaculture production in the RoW market.

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