Aqua Feed Market size and Key Trends in terms of volume and value 2013-2019

A recent market research report published by Transparency Market Research projects excellent growth prospects for the global aqua feed market. The report, titled “Aqua Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, states that the market will expand at an 11.4% CAGR between 2013 and 2019. Owing to such excellent growth prospects, the market is expected to rise from a market valuation of US$57.7 bn in 2012 to US$122.6 bn by 2019.

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The demand for all kinds of aquaculture products have been significantly increasing over the past few years across the globe. High in nutrients and also quite affordable, the demand for aquatic foods is high around the world. In order to sustain the ever rising demand for aquatic food products, aqua culture, the science of breeding and growing aquatic products in supervised and controlled environment, has also gained huge attention in the past centuries.

The report credits the flourishing growth of the global aquaculture market as the largest contributor to the overall growth of the global aqua feed market. According to the report, revenue generated by the aqua feed market contributes nearly 50% of the overall costs involved in running an aquaculture facility. The growth of the aqua feed market, therefore, to an extent depend on the overall growth of aquaculture industry. While the continuously rising demand for aquatic food products from the aquaculture industry will drive the market for aquafeed, the fluctuating costs of key ingredients such as fish oil, corn, soybean and fish meal will restrain market’s growth to a certain extent over the report’s forecast period.

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global-aqua-feed-market-volume-share-by-end-use-2012-and-2019

The report segments the global aqua feed market on the basis of two criteria: end user and geography.In terms of end user, the market is segmented into crustaceans, carp, mollusks, carp, tilapia, catfish, salmon, and other segments such as milkfish, eels, and trouts. On the basis of geography, the market is segmented into North America, Asia Pacific, Europe, and the Rest of the World (RoW).

Of the key end users of aqua feed, the segment of carps held the largest share of the global market, accounting for 25%, in 2012. Carps are expected to be one of the fastest growing segments over the report’s forecast owing to their compatibility in harsh environmental conditions. In 2012, the segment of mollusks held the second largest share of the global market and is expected to expand at an above-average growth pace over the report’s forecast period owing to rising consumer awareness about their health benefits.

Geography-wise, the regional segment of Asia Pacific accounted for over 65% of the global demand of aqua feed in 2012. This regional market is also expected to maintain its dominant position in the market over the report’s forecast period owing to the flourishing aquaculture industry in the region. Demand for aqua feed is also expected to significantly rise in the countries in the Rest of the World region over the report’s forecast period.Some of the key vendors operating in the global aqua feed market are Beneo GmbH, Avanti Feeds Ltd., Alltech Inc., BioMar A/S, Aller Aqua A/S, Cargill Incorporated, Dibaq Aquaculture, and Cermaq ASA.

The global aqua feed market is segmented as:

Aqua Feed Market: End-use Analysis

Crustaceans
Mollusks
Carp
Salmon
Catfish
Tilapia
Others (Trouts, eels, milkfish, etc.)

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