BASF, Cargill, Alltech Profiled in Aquafeed Market 2018-2024 Key Companies- Archer Daniels Midland Company, DSM, Alicorp, BioMar, BENEO, Ridley Corporation Ltd, Skretting, Novus International, Inc., Evonik, Aller Aqua, ADDCON

Over the recent years, the aquafeed market has been vigorously strengthening its stance in the overall food, nutrition, and animal feed industry owing to the rising level of awareness among the global population regarding the health benefits of consuming seafood. According to medical experts, the occurrence of cardiovascular diseases lowers significantly due to regular consumption of seafood, especially fish. In consequence, a diverse set of populaces residing in different geographical regions across the globe have apparently been including seafood in their dietary habits, given that there has been an overwhelming upsurge in the incidences of lifestyle diseases such as obesity, diabetes, and other heart-associated ailments. Moreover, it would be prudent to mention that fish oil is extensively utilized in manufacturing numerous medicines – a factor that would further contribute toward augmenting the aquafeed market share over the forthcoming years. Bearing testimony to the aforementioned assertions is the recently compiled research report by Global Market Insights, Inc., which states that the global aquafeed industry size would surpass a total consumption volume of around 115 million tons by 2024.

Request Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/495

Company Profiles
1. BASF
2. Cargill
3. Alltech
4. Archer Daniels Midland Company
5. DSM
6. Alicorp
7. BioMar
8. BENEO
9. Ridley Corporation Ltd
10. Skretting
11. Novus International, Inc.
12. Evonik
13. Aller Aqua
14. ADDCON
15. Avanti Feeds Limited
16. Biomin Holding GmbH
17. De Heus Animal Nutrition B.V.
18. Nutriad INTERNATIONAL nv
19. NK Ingredients
20. Dibaq a.s.
21. Growel Feeds Private Limited
22. Purina Animal Nutrition LLC

Growing consumer demand towards seafood products and its types should stimulate aquafeed and aquaculture additives market size. Rise in consumer demand for fish mainly in China, India, Malaysia and Thailand owing to wide range of fishery sources in marine and freshwater will result into enhanced product demand.

High quality aquafeed demand has led to rise in feed additives and compound feed consumption. Fish meal and fish oil are the key ingredients used for aquafeed production process. Manufacturers are investing in R&D and looking for suitable replacement to these raw materials which are used for functional feeds, which in turn will promulgate industry growth.

Browse Full Report Details @ https://www.gminsights.com/industry-analysis/aquafeed-and-aquaculture-additives-market

Elaborating further on the probable alterations in this business space, it has been observed that numerous aquafeed market participants have been concentrating on producing environmentally responsible fish feed substitutes in the recent times. A marked uptick in fish consumption invariably calls for their healthiness as well - a factor that has further contributed toward the global aquafeed market share expansion. For instance, the US based biotechnology firm KnipBio has recently unveiled a line of aquafeed ingredients which consists of a natural carotenoid, named as bio-astaxanthin, that offers significant health advantages to various fishes such as shrimp, salmon, and rainbow trout. The latest breakthrough is reportedly being described as a new source of biologically produced feed alternative, an anti-oxidant to be precise, which is said to enhance disease resistance ability, improve feed conversion rates, lower embryonic mortality, and fasten the pace of growth in fishes. It goes without saying that the launch of such powerful immune-boosting prebiotic feed alternatives would subsequently encourage the aquafeed industry stakeholders and provide a renewed vigor to the fish harvesting community across the globe.
Aquafeed market size from tilapia will witness significant growth close to 10.5% by the end of projected timeframe. Tilapia is among the easiest and most profitable to farm owing to its omnivorous diet, mode of reproduction, rapid growth and tolerance to high stocking density. They have high survival rate up to 70% and are resistant to diseases, thus keeping production cost low and drives the overall industry growth.

North America led by the U.S. aquaculture additives market size may exceed USD 190 million by the end of foreseeable timeframe. Increasing demand for imported seafood products coupled with growing demand for catfish and tilapia feed result in increased industry expansion. Incorporation of fish meal in the diet of aquatic animals minimize effects of waste water effluents by enhancing greater nutrient digestibility which is likely to have positive influence on fish meal demand.

Germany aquaculture additives market size was valued at over USD 2 million in 2017. Approval of insect-based protein by EU for manufacturers complying with hygiene and safety standards should drive product demand. Substantially rising processed food and fast food industry, change in consumer preference of ready to eat foods and rising disposable income should propel regional industry growth.

Inquiry Before Buying @ https://www.gminsights.com/inquiry-before-buying/495

Continue…

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Explore Our Blog @ http://algosonline.com/news
Connect with us: Facebook | Google+ | LinkedIn | Twitter

This release was published on openPR.