Title: Aquafeed Market - Forecast(2021 - 2026)
1Aquafeed Market - Forecast(2021 - 2026)
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- As per our recent business intelligence report,
the global aquafeed market size was 44.2 billion
to 44.6 billion as of 2018, and the market
demand is projected to increment at a healthy
CAGR of 4 to 6 over the forecast period of 2019
to 2025. - Seafood is a good source of vitamins and
minerals which helps in maintaining the nutrient
diet. As seafood is free from harmful
carbohydrates, it protects humans from heart
diseases.
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- Key Takeaways
- The emergence of new species in aquaculture and
the growth of fish farming are creating new
revenue avenues for the players operating in the
market. The new fish species which includes
meagre, amberjack, and wreckfish are more
dependent on commercially manufactured compound
feeds. - Introduction of new algae aquaculture feed
ingredient as the replacement of fishmeal and
fish oil with plant-based materials, which are
low in docosahexaenoic acid (DHA) in formulated
feeds.
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By Distribution Channel- Segment
Analysis Aquafeed is a food specially prepared
for aquatic animals. It is generally prepared by
using various raw materials and additives such as
fish oils and plant sources. According to
IndustryARC market analysis, APAC held the
largest demand share of more than 30 to 32 of
the overall demand as of 2018. The World Bank
estimates that in APAC region, China has the
largest number of 968,627.57 million fish product
consumers and then followed by India and
Indonesia with 402,334.78 and 133,465.20 million
respectively. Now, this wide range of consumption
of fish products becomes a major driving factor
to the aquafeed market.
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- Aquafeed Market Industry Outlook
- 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
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Aquafeed Market - Forecast(2021 - 2026) Learn
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
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