Aquafeed Market is Driven by the Rising awareness among Breeders regarding the Benefits of Feed for Aquaculture
Amino acids dominated aquaculture additives market and accounted for more
than 25% of the total demand in 2014. Increasing demand to maintain proper
metabolism and provide proteins to aquatic animals is likely to drive growth.
Feed acidifiers are likely to witness highest gains with an estimated CAGR of
6.0% from 2015 to 2022. Feed acidifiers demand has been witnessing a growth as
it is effective in controlling diseases including caused by harmful bacteria
such as E coli and Salmonella.
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Details of Report @ https://www.hexaresearch.com/research-report/aquafeed-market
Key
report insights suggest:
·
Global
aquafeed market size was estimated at 41.62 million tons in 2013 and may reach
96.27 million tons by 2022 growing with an estimated CAGR of 11.1% from 2015 to
2022.
·
Carps
were the dominant end-use consumers in aquafeed industry and accounted for
28.6% of the total demand in 2014. Carps are rich source of omega-3 fatty acids
which prove to be beneficial in food & beverage industry to reduce
cholesterol level among consumers. Molluscs are likely to witness higher gains
with an estimated CAGR of 11.3% from 2015 to 2022.
·
Asia
Pacific dominated the regional aquafeed market and accounted for 65.2% of the
total volume in 2014 and likely to witness highest growth rates. Predominant
aquaculture industry coupled with government preference to boost aquafeed
demand particularly in China, Thailand and India is likely to drive regional
growth.
·
Europe is
expected to witness above average growth rates of 11.2% from 2015 to 2022.
Europe aquafeed additives market is estimated to reach USD 200.9 million by
2022, with feed acidifiers anticipated to witness maximum gains.
·
Aquafeed
industry is fragmented with different companies having variety of products.
Prominent companies involved in this market are Dibaq Aquaculture, Addcon Group
GmbH, Biomar, Ridley and Altech, Inc.
For the purpose of this study, HexaResearch has segmented the aquafeed
and aquaculture additives market on the basis of product, application and
region:
Global
Aquafeed Application Overview (Volume, Kilo Tons; Revenue, USD Million, 2012 –
2022)
·
Crustaceans
·
Mollusks
·
Carp
·
salmon
·
Catfish
·
Tilapia
·
Others
Global
Aquafeed Regional Overview (Volume, Kilo Tons; Revenue, USD Million, 2012 –
2022)
·
North
America
·
Europe
·
Asia
Pacific
·
RoW
Global
Aquaculture Additives Product Overview (Revenue, USD Million, 2012 – 2022)
·
Amino
Acids
·
Antibiotics
·
Vitamins
·
Feed
Acidifiers
·
Others
Global
Aquaculture Additives Regional Overview (Revenue, USD Million, 2012 – 2022)
·
North
America
·
Europe
·
Asia
Pacific
·
RoW
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Related Category Market Reports @ https://www.hexaresearch.com/research-category/food-and-beverages-industry
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