Global Ornamental Fish Feed Market Development & Growth Forecast at 2.8% CAGR during 2018-2025

Market Research Hub (MRH) has added a new research study titled “Global Ornamental Fish Feed Market Insights, Forecast to 2025”, to its broad database which discourses knowledge about the current as well as future market status. The readers can access vital information such as market share, growth rate and future trends expected to hamper the global ornamental fish feed market during the forecast period.

Aquarium fish feed, or ornamental fish feed, is basically plant or animal material planned for consumption by pet fish that are controlled in ponds or aquariums. Fish foods usually contain macro nutrients, vitamins and trace elements necessary to retain captive fish in good health. This report analyzes the worldwide ornamental fish feed market size (capacity, value, production and consumption) across key regions such as Europe, Asia Pacific (China, Japan), North America, and others. According to recent trends, the ingredients of ornamental fish feed primarily include plant ingredients, supplements and meat ingredients. Moreover, the major plant ingredients from the fish meal are gradually replaced with high protein content of micro-algae and alfalfa in the recent years.

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According to research findings, the consumption regions of ornamental fish feed are prominently located in North America, China, EU and Southeast Asia. In 2015, North America stood as the leader in consumption; the region acquired 26.82% volume market share. On the other hand, China accounted for 25.09% volume market share in 2015. Interestingly, global ornamental fish feed market size is likely to increase to 350 Million US$ by the end of 2025. At this pace, the concerned market is expected to grow at CAGR of 2.8% during the forecast period. For this study, 2017 is considered as the base year and the forecast period is between 2018 and 2025.

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On the basis of type, the global ornamental fish feed market is divided into processed food and live food. Based on application, the target market is bifurcated into koi, tropical fish, goldfish and others. For analyzing the overall market, market potential and advantage for the global and key regions are studied. Furthermore, opportunities, restraints, challenges and risks are also enclosed in this report. Also, information associated to entry barriers, distributors, sales channels and Porter's Five Forces analysis can be gathered for the benefit of the readers.

The leading manufacturers from the global ornamental fish feed market are studied and examined in this report. Key players including Tetra, UPEC, Coppens International BV, Canadian Aquatic Feed, Hikari, Ocean Star International (OSI), Sera, JBL, Marubeni Nisshin Feed, Ocean Nutrition, Dongpinghu Feed, Aqua One, Inch-Gold Fish etc.; are part of this assessment.

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This release was published on openPR.