The global Aquafeed Market was projected at US$ 69.72 billion in 2014. The scope of the market is projected to touch US$ 133.1 billion by the completion of the year 2022.
1. Aquafeed Market Revenue Drivers, Growth Opportunities, Value Chain
Analysis and Forecast Research Report
The global Aquafeed Market research report provides complete insights on industry scope, trends,
regional estimates, key application, competitive landscape and financial performance of prominent
players. It also offers ready data-driven answers to several industry-level questions. This study enables
numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Aquafeed Market was projected at US$ 69.72 billion in 2014. The scope of the market is
projected to touch US$ 133.1 billion by the completion of the year 2022. It is expected to record a CAGR of
11.4% during period of forecast.
Aquafeed can be well-defined as nutrition particularly set for aquatic animals so as to satisfy their
nourishing necessities. The feed is normally equipped with particular materials and flavors that are
nutritional in nature and added in precise small quantities. These days the aquafeed is existing in huge
varieties of product, due to improved fascination of customer in the direction of its functionality and
species particular necessities.
Aquafeed is resulting merely from plant sources, for example concentrate of sunflower protein, canola oil,
soy meal, and corn gluten meal. Among them, the maximum regularly utilized constituent in aquafeed is
oceanic bases for example fish oil and fish meal. In the present scenario, the maximum favored and sold
form of it among the whole worldwide aquafeed products is the extruded category of aquafeed, owing to
its greater percentage of disintegration and quicker beginning of act in fish.
“The global Aquafeed Market was projected at US$ 69.72
billion in 2014. The scope of the market is projected to
touch US$ 133.1 billion by the completion of the year
2022.”
2. Companies:
Some of the important companies for aquafeed market are DSM, Aller Aqua A/S, Biomar A/S, BASF, and
Ridley Corporation Ltd. Additional notable companies are Coppens International B.V., Charoen Pokphand
Foods Public Company Limited, Alltech Inc., Cargill, Inc., Nutreco N.V., BIOMIN Holding GmbH, Avanti Feeds
Ltd, Beneo GmbH, Archer Daniels Midland Company, Biostadt India Ltd., Norel Animal Nutrition, Nutriad,
Dibaq a.s, De Heus Animal Nutrition.
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Drivers:
The manufacture of aquaculture is expected to perform an important part in the sector of aquafeed during
the approaching period. Maximum nation states are accelerating their activities of manufacture and
reviewing the rules to simplify the environment of aquaculture into additionally approachable
transnational regions of trade.
At a national level, governments are estimating positive prediction regarding the production. This is a
countless motivation for the companies to capitalize more and more into the aquafeed market. Important
establishments are showing robust improvements to be pressed in for aquafeed products in the market of
Europe. The companies of important manufacturing nation state for example Norway, China, Peru, and
others have to upsurge their standard of manufacture for aquafeed to protect themselves from the
limitations triggered by these codes of practice.
Regional Lookout:
By Region the global aquafeed industry can be classified as North America, Europe, Asia Pacific, Latin
America and Middle East & Africa. The North America region is motivated by the U.S.A and Canada.
Growing ingestion of fish and demand for seafood together with increasing per head earnings of middle-
class may possibly boost the development of the business within the region. Institutional backing along
with the government initiatives for the development of the product will motivate the development of the
regional business. Most important companies are financing for the development of new-fangled product
for transnational and native market to increase their range of product.
The market in Europe is motivated by Germany, France, and the UK. The market demand for aquaculture
additives possibly will record important improvements during the period of forecast. Modification in
consumer inclination and growing business of treated fast food, along with increasing per head earnings
must push the development of the provincial business.
The Asia Pacific’s market scope for aquafeed is headed by Japan, India, and China. Growing availability of
source, low-slung wages of manual labor, and ambient ecological circumstances must motivate the
development of the local business. Growing per head earnings along with improved way of life must
inspire the development of the business.
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