Aquafeed Market Overview
Market Research Future (MRFR) analysed the worldwideaquafeed market 2022 through the review period till 2030. By 2030, the aquafeed
market can rise at considerable rate to acquire substantial value. The rise in
need for high nutritive value aqua feed can support expansion of the market in
the near future. The surge of the global aqua feed market can be attributed to
rise in its demand for across the expanding food and beverage sector. The
gradual rise in the consumption of fish as preference for seafood products
among consumers is observed to increase can favor the market rise. Expansion of
the middle income populace and rise in sales of aqua feed among them are other
causes that can drive the market expansion.
Increase in the consumption of high protein diet and otheressential nutrient, with Fish and shellfish as some of the sources, can promote
expansion of the market. Moreover, doctors are observed to prescribe sea fish
to meet daily dose of nutrients for patients. Thus, the aqua feed market is
anticipated to rise at substantial rate in the years to come. The aqua feed
market can capitalize on the globalization of seafood value chain across
various countries. In addition, the high quality aqua feed derived from
crustaceans, fish, and mollusks other aquatic animals over farm-made feed can
contribute to its large scale production. Thus, can favor expansion of the aqua
feed market in the near future.
Competitive Analysis
Reputed marketers in the aqua feed market are shifting theirfocus on mergers and related activities that can aid in expanding of the
product portfolio of the company. Renowned manufacturers are investing in
innovations for aqua feed processing manufacturers can favor expansion of the
market. Some of these reputed companies in the aqua feed are Zeigler bros. Inc.
(U.S.), Coppen International BV (Netherlands), BioMar Group (Denmark), Cargill
Inc. (U.S.), Alltech Inc. (U.S.), BASF (Germany), Evonik Industries (Germany)
Waterbase Ltd (India), Ridley Corporation (Australia), and Marvesa (Netherland)
among others
Market Segments
The segment assessment for the global aquafeedmarket overview is done by aquatic species, additive type, ingredients, andlife cycle.
The aquatic species-based segments of the aquafeed marketare Molluscs, Carps, Catfish, Shrimps, Crustaceans, and Trout, among others.
The shrimp segment can thrive in the near future. The high traction offered by
crustaceans can favour a market rise in the approaching years.
The ingredient-based segments of the aquafeed market arepulses, oilseeds, wheat, corn, and other grains. In the analysis period, the
pulses segment can win considerable profit for the global market.
The additive-type-based segments of the aquafeed market areantibiotics, vitamins, antioxidants, amino acids, and feed enzymes, among
others. The antioxidant segment can earn a decent pace in the forecast tenure.
The life cycle-based segments of the aquaculture market aresmolts, alevin, fry, and adults. The smolt segment can earn high revenues for
the global market in the coming years.
Regional Analysis
North America, Asia Pacific, Europe, and the Rest of theWorld are key regions that are studied for the aquafeed market. In the Asia
Pacific region, the market can rise at a decent pace through the assessment
period as the region is observed to be the largest producer of seafood
products. The rise in consumption of aquafeed products and extensive fish
farming can propel the market upward. In North America, aqua feed manufacturers
are observed to thrive as consumption of fish is high. In Europe, the aquafeedmarket size can rise in the review period due to changing food habits.
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