Aquafeed & Aquaculture Additives Market Global Market Opportunity Assessment Study 2022.

The global Aquafeed & Aquaculture Additives market was worth USD 56.27 billion in the year of 2012 and is expected to reach approximately USD 179.81 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 11.02% during the forecast period. Aquafeed, also recognized as the fish feed, is an economically created food product for different aquatic species, for example, fish, crustaceans, and mollusks. Aquafeed is broadly utilized as a part of the aquaculture segment. Fish developed on ranches and nourishing on bugs found on products can likewise be sorted under the aquafeed market section. Properties of monetarily made feeds can be adjusted with the goal that they can skim on the surface of the water or sink to the base of the tanks where fish are reared. Besides, the content of different supplements in the feed can be controlled. This has prompted an expansion in prominence and development of the market in the course of recent years. Expanding aquaculture exercises is one of the essential variables anticipated that would drive the aquafeed requirement over the conjecture time frame. Likewise, developing human utilization of fish attributable to rising consumer awareness about its advantages is relied upon to boost demand for aquafeed throughout the following couple of years.

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Nonetheless, unstable prices of necessary ingredients that are utilized in the production of fish feed like fish oil and fish meal is anticipated to hinder the development of the market. The global demand for fish feed in 2014 was 41,627.6 kilo tons and is anticipated to witness significant growth in the following years. In 2014, On the basis of revenue the market was worth USD 69,721.9 million. Increasing demand for fish and fish oil items due to growing awareness of consumers regarding the benefits of omega 3 is anticipated to fuel the development of this market.

Product Outlook and Trend Analysis

In 2014, Amino acids were the biggest item section of the aquaculture additives market representing more than 25 percent of the income share. Proteins are necessary macromolecules which are vital for sound development of the fish. Fish are incapable of incorporating ten key amino acids, viz., methionine, leucine, arginine, phenylalanine, tryptophan, threonine, isoleucine, lysine, valine and histidine. Thus, an ever increasing number of producers are adding protein sources to aquafeed to upgrade development and enhance general wellbeing. Feed acidifiers are relied upon to witness the most elevated development throughout the following years. Feed acidifiers assist in enhancing the level of gastric acids in creatures which reinforce their digestion system by directing food assimilation. An ideal acid level likewise helps in decimating destructive bacteria rearing including E Coli and Salmonella in the gastro intestinal tract.

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Market Classification

Aquafeed & Aquaculture Additives Market, By Product, Estimates and Forecast, 2012-2022 ($Million)

Feed Acidifiers
Antibiotics
Vitamins
Amino Acids
Other Products

Aquafeed & Aquaculture Additives Market, By Application, Estimates and Forecast, 2012-2022 ($Million)

Carp
Salmon
Mollusks
Tilapia
Crustaceans

Other Applications

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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