-- The aquafeed market, estimated at USD 90.96 billion in 2015, is projected to grow at a CAGR of 10.8% to reach USD 168.23 billion by 2021. The market is driven by factors such as growing demands for increasing consumption of aquaculture products and advancement in aquafeed manufacturing processes & technologies leading to novel varieties. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.
Complete report on Aquafeed Market spread across 178 pages, profiling 10 companies and supported with 89 tables and 59 figures is now available at http://www.rnrmarketresearch.com/aqua-feed-market-by-end-consumption-fish-crustaceans-mollusks-others-by-additives-antibiotics-vitamins-antioxidants-amino-acids-feed-enzymes-feed-acidifiers-others-by-geography-global-market-report.html .
Among the aquatic animal types of aquafeed—which include, carp, shrimp, crustaceans, mollusks, and others (eels, cyprinids, and others freshwater fishes)—shrimp equipment accounted for the largest market share, followed by mollusks in 2015.Carp & crustaceans are projected to grow at the highest CAGR due to the demand for premium-range high-quality sea-food products by worldwide customers.
On the basis of ingredients, the aquafeed market is led by the soybean segment, followed by fishmeal. Corn is the fastest growing ingredient used in the aquafeed products across the globe followed by fish oil, particularly in the developing Asia-Pacific economies due to the extensive consumption of aquafeed products in these countries.
Canada is focusing on increased usage of advanced technologies and newer products for the aquafeed market. Also the awareness among the aquaculture breeders is increasing in the country; therefore, the demand for novel aquafeed products requires specialized product development. With greater applicability of aquafeed and focus on achieving greater profits, several aquafeed manufacturers are willing to spend on innovative aquafeed varieties that combine properties of nutrition and healthiness.
Italy was the largest country-level market in Europe in 2015, and is projected to grow at a decent CAGR, in terms of value.
Leading players such as Cargill Inc. (U.S.), Nutreco N.V. (The Netherlands), BioMar Group A/S (Denmark), Ridley Corporation (Australia), Alltech Inc. (U.S.), Nutriad-Ad International N.V. (Belgium), Aller Aqua A/S (Denmark), and BIOMIN Holding GmbH (Austria) are profiled in the report. Ask for the discount before order acopy of Aquafeed Market by Ingredients (Corn, Soybean, Fishmeal, Fish Oil, Additives, & Others), Aquatic Animal Type (Carp, Shrimp, Crustaceans, Mollusks, & Others), Fishmeal & Fish Oil End Use, by Region - Global Trends & Forecasts to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=96930 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (50%), Tier 2 (20%) and Tier 3 (30%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (28%), Director Level (22%) and others (50%) from various key organizations operating in the global aquafeed market. The primary interviews were conducted worldwide covering regions such as North America (40%), Europe (30%) and APAC (21%) and Latin America (9%).
On a related note, another research on Feed Pigment Market Global Trends & Forecasts to 2020 says, The feed pigments market is projected to grow at a CAGR of 3.2% from 2015 to 2020. The market is further driven by factors such as increasing meat consumption and growing industrialization of pork, poultry, and aquaculture business. Among the types of feed pigments such as carotenoids, curcumin, caramel, spirulina, and others, carotenoids accounted for the largest market share in 2014. Companies like BASF SE (Germany), Royal DSM N. V. (the Netherlands), Kemin Industries, Inc. (U.S.), D.D. Williamson & Co., Inc. (DDW) (U.S.), and Guangzhou Leader Bio-Technology Co., Ltd (China) have been profiled in this 180 pages research report avialable at http://www.rnrmarketresearch.com/feed-pigment-market-by-type-carotenoids-curcumin-caramel-spirulina-others-by-livestock-swine-cattle-poultry-aquatic-animals-others-by-geography-global-trends-forecasts-to-2018-market-report.html .
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