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Global Shrimp Feed Market 2021-26, Industry Share, Size, Growth, Trends and Forecast

09-10-2021 04:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Global Shrimp Feed Market Research Report

Global Shrimp Feed Market Research Report

According to the latest report by IMARC Group, titled Shrimp Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026",the global shrimp feed market size reached US$ 5.13 Billion in 2020. Looking forward, the market expects to grow at a CAGR of around 5% during 2021-2026.

Shrimp feed is the commercially manufactured food formulation which provides the balanced nutrition required by farmed shrimp. It is essential for regulating the levels of vitamins, minerals, amino acids and fatty acids. High-quality feed is characterized by its water stability, nutrition density, hygienic raw materials and palatability. The use of feed in shrimp farming is vital for improving production and, in turn, increasing profits.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Request for a free sample copy of this report:https://www.imarcgroup.com/shrimp-feed-market/requestsample

Market Trends:

The growing health awareness among consumers in the developed, as well as developing countries, has resulted in an increase in the demand for protein-rich foods. The shifting preferences, coupled with the rising popularity of ready- and easy-to-cook shrimp products, have led the farmers to use high-quality feed in order to promote better farm output. Besides, the addition of various additives like anti-oxidants, antibiotics and anti-microbial preservatives has resulted in the introduction of products with improved functionality which is creating a positive impact on the growth of the market. Apart from this, the rising consumption of Vannamei shrimp has increased its production which has influenced the demand for products specific for the species.

Buy full report with table of contents: https://www.imarcgroup.com/shrimp-feed-market

Key Market Segmentation:

Competitive Landscape:

Market Breakup by Type:

Finisher
Starter
Based on type, the market has been segmented as grower, finisher and starter. Currently, grower shrimp feed dominates the market, holding the largest share.

Market Breakup by Ingredients:

Fish meal
Wheat flour
Fish oil
Others
On the basis of ingredients, soybean meal represents the largest segment, followed by fish meal, wheat flour, fish oil and others.

Market Breakup by Additives:

Vitamins and proteins
Fatty acids
Antibiotics
Antioxidants
Feed enzymes
others
Based on additives, the market is segregated as vitamins and proteins, fatty acids, antibiotics, antioxidants, feed enzymes and others. Amongst these, vitamins and proteins exhibit a clear dominance in the market.

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other
Note- We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:

1. Market Performance
2. Market Outlook
3. Porter's Five Forces Analysis
4. Market Drivers and Success Factors
5. SWOT Analysis
6. Value Chain
7. Competitive Structure
8. Profiles of Key Players

Browse Related Reports:

North America Salmon Market: https://www.imarcgroup.com/north-america-salmon-market

Sardine Market: https://www.imarcgroup.com/sardine-market

Prawn Market: https://www.imarcgroup.com/prefeasibility-report-prawn-processing-plant

India Aqua Inputs and Supplements (for Shrimps) Market: https://www.imarcgroup.com/india-aqua-inputs-supplements-market

India Aquafeed Market: https://www.imarcgroup.com/india-aquafeed-market

Global Salmon (Farmed and Wild) Market: Introduction of Value-Added Products Impelling Growth: https://www.imarcgroup.com/salmon-farmed-wild-market

IMARC Group
Email: sales@imarcgroup.com
Toll Free Number: USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Linkedin: https://www.linkedin.com/company/imarc-group

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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