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Aquafeed Market Size – Industry Share Report 2022

04-19-2017 09:56 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: RNR Market Research

Aquafeed

Aquafeed

“Aquafeed Market Size, Share, Price | Industry Report 2022” Market Research Report to It’s a Database.

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The global aquafeed market is projected to reach a value of USD 172.56billion by 2022, growing at a CAGR of 9.9% from 2017 to 2022.The market is driven by factors such as limited availability of marine feed resources and the increasing global demand for quality fish. Moreover, the demand for aquaculture is increasing in export markets, which influences the supply of improved aquafeed for aquatic animal production. However, factors such as rising prices of ingredients used in aquafeed and environmental factors are restraining the growth of the aquafeed market.

On the basis of end user, the fish segment dominated the aquafeed market in 2016.Fish farming is increasingly used to fill the gap between the demand and supply. The increase in fish farming activities and aquaculture has led to an increased demand for fish feed.

On the basis of additives, amino acids were most widely consumed feed additives of aquafeed that provide the required nutrients to overcome dietary deficiencies in aquatic animals.

Asia-Pacific led the aquafeed market with the largest market share in 2016. The Asia-Pacific market experiences the maximum consumption of aquafeed due to factors such as the rapid development of aquaculture in the country, expanding middle-class population, and the rising consumption of fish & shrimps.

The global aquafeed market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia-Pacific, South America, and the Rest of the World (RoW).

Breakdown of profile of primary participants is as follows:

• By Company Type: Tier 1 – 50 %, Tier 2 – 20%, and Tier 3 – 30%
• By Designation: Directors – 28%, C level – 22%, and Manager level – 50%
• By Region: North America –40%, Europe – 30%, Asia-Pacific– 21%, and South America – 9%

The aquafeed market is dominated by key players such as Archer Daniels Midland Company (U.S.), Ridley Corporation Limited (Austria), Nutreco N.V(Netherlands), Cargill(U.S.) and Avanti Feeds Ltd. (India).Other players include Purina Animal Nutrition LLC (U.S.), Nutriad (Belgium), Alltech (U.S.), Biostadt India Limited (India), Aller Aqua A/S (Denmark), Biomar (Denmark), BIOMIN Holding GmbH (Austria), Norel Animal Nutrition (Spain), Dibaq A.S (Spain), and De Heus Animal Nutrition (Netherlands).

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Key points from table of content:

Company Profiles :

(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*

• Archer Daniels Midland Company
• Ridley Corporation Limited
• Nutreco N.V
• Avanti Feeds Limited
• Cargill
• Purina Animal Nutrition (Land O’ Lakes Inc.)
• Alltech.
• Biostadt India Limited
• Nutriad
• Aller Aqua A/S
• Biomar
• Biomin Holding GmbH
• Norel Animal Nutrition
• Dibaq A.S
• DE Heus Animal Nutrition

Research Coverage:

• This study estimates the global market of aquafeed, in terms of value, till 2022,segmented on the basis of end user, ingredient, additive, and region.
• It offers a detailed qualitative and quantitative analysis of this market with reference to the competitive landscape, and preferred development strategies such as investments &expansions, agreements, new product launches, and partnerships to gain a larger share of the market.
• It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market.
• It covers various important aspects of the market. These include analysis of the value chain, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the aquafeed market.

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