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Aquafeed Additives Market Size, Share - Industry Trend and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the " Aquafeed Additives" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Aquafeed additives are ingredients added in trace amounts to a diet in order to preserve its nutritional properties prior to feeding (antioxidants and mold inhibitors), to ease ingredient dispersion or feed pelleting (emulsifiers, stabilizers and binders), and to assist growth (growth promotants including antibiotics and hormones). Aquafeed additives also used in facilitating feed ingestion and consumer acceptance of the product along with supplying essential nutrients in purified form. Nowadays, Aquafeed additives are also used to combat diseases occurring in aquatic animals owing to the rise in environment pollution.
The trend of using organic products instead of synthetic ones has been rising. The usage of synthetic pigments in coloring, appetizers, antibiotics, hormones, and chemical pesticides is prohibited for organically cultured fish. As a result, various chemicals used as additives are being replaced with substances such as marine algae, probiotics, bacterial compounds, vegetable feed additives, and enzymes.
Based on type, the global aquafeed additives market can be segmented into amino acids, probiotics, antibiotics, vitamins, feed acidifiers, and others. Probiotics are largely used as fish feed. Probiotics are live microorganisms, which provide health benefits to aquatic animals when administered in adequate amounts. The mode of action of probiotics includes variation of the immune system and competitive exclusion of pathogenic microorganisms depending on mechanisms such as production of bactericidal substances and competition with pathogenic bacteria for nutrients and intestinal adhesion sites. Probiotic strains largely used for aquaculture practices include Lactobacillus, Lactococcus, Leuconostoc, Enterococcus, Carnobacterium, Shewanella, Bacillus, Aeromonas, Vibrio, Enterobacter, Pseudomonas, Clostridium, and Saccharomyces genera.
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In terms of application, the aquafeed additives market can be divided into preservation, processing, nutrition, and others. Binders in aquaculture feed improve the efficiency of the feed manufacturing process, reduce feed wastage, and help produce a water-stable diet. For instance, binders such as bentonites, lignosulfonates, hemicellulose, and carboxymethyl cellulose are largely used in feed rations to improve the efficiency of the feed manufacturing process.
In terms of geography, the aquafeed additives market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounted for major share of the global aquafeed additives market in 2016. Expansion in aquaculture production in China combined with growth in salmon farming, owing to easy farming techniques, species hardiness, and ability to grow within land based farm systems, is projected to boost the aquafeed additives market. Increase in demand for seafood, especially fish meal, in Thailand and Vietnam has propelled aquafeed additives market in Southeast Asia. This, in turn, is projected to augment the aquafeed additives market.
Key players operating in the aquafeed additives market include Alltech Inc., Cargill, Inc., Bentoli, Inc., Kemin Industries, AkzoNobel, Biomin, and Norel S.A.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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