In accordance with this study, the Global Aqua feed Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2022-2028.
Aquafeed refers to the food specifically prepared for aquatic animals to fulfill their nutritional requirements. It is generally prepared with specific ingredients and additives that are nutritive in nature and are supplemented with a very small amount. These foods are generally derived from plant sources such as corn, gluten, canola oil, soy, and sunflower protein concentrate.
Market Dynamics
The increasing seafood consumption and along with growing consumer awareness regarding quality of seafood products are primarily driving the market growth. Moreover, the growing aquaculture and aquafeed industry coupled with rising disposable income especially from emerging economies are further boosting the market demand. On the downside, the high cost associated with raw materials of aqua feed hinders the market growth.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of aquafeed.
Market Segmentation
The study offers a decisive view of the global aquafeed market by segmenting it in terms of end-use and additives. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By End-Use
- Fish
- Mollusks
- Crustaceans
- Others
By Additives
- Vitamins
- Minerals
- Antioxidants
- Amino Acids
- Enzymes
- Acidifiers
- Binders
Regional Analysis
This section covers aquafeed market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global aquafeed market along with the individual application segment across all the prominent region.
Global Aquafeed Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Aquafeed market are AllerAqua A/S, Alltech Inc., Avanti Feeds Ltd., Beneo GmbH, Biomar A/S, Biomin GmbH, Cargill, Inc., Charoen Pokphand Foods Public Company Limited, Coppens International B.V., and Nutreco N.V. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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