#Avanti Feeds Limited Aquafeed Market
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Latest Regulatory Trends Impacting the Aquafeed Market
The global aquafeed market is projected to reach USD 88.0 billion by 2028, at a CAGR of 7.3% over the forecast period. It is estimated to be valued USD 61.8 billion in 2023. Several important factors are driving up demand for aquafeed products on a global scale. First, a growing worldwide population has an increased need for seafood, and aquaculture offers a sustainable way to meet this demand. Fish and prawn farming has become more popular because of the depletion of wild fish stocks. Aquafeed is crucial for the healthy growth and development of aquaculture aquatic species, increasing their output and decreasing their reliance on foraging wild fish. Aquafeed products are in high demand to support the expansion of the business since advances in aquaculture technology and practises have made it more effective and financially viable.
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By form, dry segment is projected to have fastest growing rate during the forecast period.
Dry form of feed is preferred due to a few factors, such as ease of transportation, storage, and convenience associated with it, as opposed to the liquid form, which requires specialized facilities for storage and transportation. It can be purchased in bulk and is available with multiple ingredient options. Cost-effectiveness is another aspect that drives the growth of this market.
By species, fish segment is projected to have fastest growing rate during the forecast period.
In the aquafeed market, the fish segment is expanding for a variety of reasons. The need for high-quality and nutritionally balanced aquafeed is being driven by the increasing demand for fish protein on a global scale, the depletion of wild fish supplies, and the growth of aquaculture. To ensure optimum development, health, and sustainability in the sector, fish farming, with its well-established practises and different species, needs specialised feeds.
By additives, the amino acids segment is projected to have the fastest growth rate during the forecast period.
Due to their vital function in fostering the growth, development, and general health of aquatic species, amino acids are witnessing expansion in the aquafeed market. As the building blocks of proteins, amino acids help to improve nutrient absorption, feed effectiveness, and disease resistance. Additionally, customised amino acid formulations suited to match the needs of particular species are now possible because to advances in research and technology, which are fuelling the segment's expansion.
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Asia Pacific is expected to have the fastest growing rate during the forecast period.
The aquafeed market is expanding in the Asia Pacific region because of reasons like a growing population, rising seafood demand, favourable environmental conditions for aquaculture, technical improvements, and government backing. The expansion of the aquaculture sector is being fuelled by economic growth, shifting dietary tastes, and the need for sustainable protein sources, which is causing a commensurate rise in demand for aquafeed products.
The key players in this include ADM (US), Cargill, Incorporated (US), Ridley Corporation Limited (Australia), Nutreco (Netherlands), Alltech (US), Purina Animal Nutrition (US), Adisseo (Belgium), Aller Aqua A/S (Denmark), Biomin (Austria), Biomar (Denmark), Norel Animal Nutrition (Spain), Avanti Feeds Limited (India), De Heus Animal Nutrition B.V. (Netherlands), Novus International (US), and Biostadt India Limited (India).
#Aquafeed Market#Aquafeed#Aquafeed Market Size#Aquafeed Market Share#Aquafeed Market Growth#Aquafeed Market Trends#Aquafeed Market Opportunities#Aquafeed Market Drivers
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Aquafeed Market Regional Estimates & Trend Study by Application, Shape& End Use
The global Aquafeed Market was projected at US$ 69.72 billion in 2014. The scope of the market is projected to touch US$ 133.1 billion by the completion of the year 2022. It is expected to record a CAGR of 11.4% during period of forecast.
Aquafeed can be well-defined as nutrition particularly set for aquatic animals so as to satisfy their nourishing necessities. The feed is normally equipped with particular materials and flavors that are nutritional in nature and added in precise small quantities. These days the aquafeed is existing in huge varieties of product, due to improved fascination of customer in the direction of its functionality and species particular necessities.
Aquafeed is resulting merely from plant sources, for example concentrate of sunflower protein, canola oil, soy meal, and corn gluten meal. Among them, the maximum regularly utilized constituent in aquafeed is oceanic bases for example fish oil and fish meal. In the present scenario, the maximum favored and sold form of it among the whole worldwide aquafeed products is the extruded category of aquafeed, owing to its greater percentage of disintegration and quicker beginning of act in fish.
Companies:
The companies are adopting the policy of mergers & acquisitions to improve their capability of manufacture and fortify their global existence. Additionally, the important contestants are focused on presenting the new-fangled product to raise the general development of the market.
Some of the important companies for aquafeed market are DSM, Aller Aqua A/S, Biomar A/S, BASF, and Ridley Corporation Ltd. Additional notable companies are Coppens International B.V., Charoen Pokphand Foods Public Company Limited, Alltech Inc., Cargill, Inc., Nutreco N.V., BIOMIN Holding GmbH, Avanti Feeds Ltd, Beneo GmbH, Archer Daniels Midland Company, Biostadt India Ltd., Norel Animal Nutrition, Nutriad, Dibaq a.s, De Heus Animal Nutrition.
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Drivers:
The manufacture of aquaculture is expected to perform an important part in the sector of aquafeed during the approaching period. Maximum nation states are accelerating their activities of manufacture and reviewing the rules to simplify the environment of aquaculture into additionally approachable transnational regions of trade.
At a national level, governments are estimating positive prediction regarding the production. This is a countless motivation for the companies to capitalize more and more into the aquafeed market. Important establishments are showing robust improvements to be pressed in for aquafeed products in the market of Europe. The companies of important manufacturing nation state for example Norway, China, Peru, and others have to upsurge their standard of manufacture for aquafeed to protect themselves from the limitations triggered by these codes of practice.
Classification:
The global aquafeed market can be classified by Purpose, Types, Form, Product and Region. By Purpose, it can be classified as Special Nutrition, Digestibility, Palatability, Health and Others. By Types, it can be classified as Shellfishes, Fish, Tilapia, Salmon, Mollusks, Catfish, Carp and Others. By Form, it can be classified as Liquid, Pellets, Powder, and Extruded. By Product, it can be classified as Feed Acidifiers, Antibiotics, Vitamins, and Amino Acids.
Regional Lookout:
By Region the global aquafeed industry can be classified as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The North America region is motivated by the U.S.A and Canada. Growing ingestion of fish and demand for seafood together with increasing per head earnings of middle-class may possibly boost the development of the business within the region. Institutional backing along with the government initiatives for the development of the product will motivate the development of the regional business. Most important companies are financing for the development of new-fangled product for transnational and native market to increase their range of product.
The market in Europe is motivated by Germany, France, and the UK. The market demand for aquaculture additives possibly will record important improvements during the period of forecast. Modification in consumer inclination and growing business of treated fast food, along with increasing per head earnings must push the development of the provincial business.
The Asia Pacific’s market scope for aquafeed is headed by Japan, India, and China. Growing availability of source, low-slung wages of manual labor, and ambient ecological circumstances must motivate the development of the local business. Growing per head earnings along with improved way of life must inspire the development of the business.
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Aquafeed Market Analysis, Share, Demand
A studyrecently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global aquafeed market was worth USD 59.6 billion in 2020 and is further projected to reach USD 83.2 billion by 2027, at a CAGR of 5.4% during the forecast period (2021-2027). The market’s growth is attributable to increased fish consumption, which has boosted aquaculture activities. This is one of the primary elements that has fueled the growth of global aquafeed market. Additionally, consumers have become aware of the advantages of high-quality seafood products. As a result, the supply of enhanced aquafeed is likely to improve globally during the forecast period.
Rise in Global Fish Consumption isFueling the Market Growth
Global fish consumption has increased due to population expansion, rising affluence in developing countries, and urbanization. Fish and other seafood consumption has risen at the expense of staple foods, and this trend is strongly linked to growing disposable income and animal protein consumption. Globally, fisheries and aquaculture are becoming the primary source of protein, foreign exchange, livelihoods, and population well-being.
Asia-Pacific and Latin America are likely to witness the largest increase in fish consumption due to various factors, including changes in diet habits, urbanization, population growth, and economic growth.Fish demand continues to outpace domestic supplies in China, according to Agriculture and Agri-Food Canada. Even though Europe and North America have limited aquaculture businesses, there is a significant demand for fish products, which Asian suppliers provide. In 2017, the EU's per capita fish and seafood intake was 24.35 kg, with Portugal having the highest per capita consumption.
Government Support is likely to Create Immense Opportunities for the Market.
The rise in demand for the consumption of seafood globally has created immense opportunities for aquaculture industries. Countries like India, the fourth biggest seafood exporter, may see upward trends in coming years with government support. India's government has prioritized making India the world's top seafood producer, according to a statement given by Union Minister of State for Commerce and Industry Som Parkash in February 2020 at the 22nd India International Seafood Show. This sector, which employs around 14.5 million people, can significantly contribute to the country's overall economic growth.
India's total share of the global seafood market is predicted to rise from 4.1 % to 6.7 % by 2030, according to Kerala state governor Arif Mohammad Khan, due to increased production, value addition, and diversification. The fisheries sector employs roughly 40.5 million people in India, directly and indirectly, and contributes 1% to the country's gross domestic product. Khan has also urged increased foreign direct investment to spur product variety and value addition through innovation. According to a letter from Minister of State for Fisheries, Animal Husbandry, and Dairying Pratap Chandra Sarangi to Shobha Karandlaje, a Member of Parliament in India's bicameral parliament, India's fish production increased nearly 6% to 13.34 million MT in 2018-2019, up from 12.59 million MT in 2017-2018. Therefore, favorable government support is creating immense opportunities in the global aquafeed market
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Impact of COVID-19
The COVID-19 pandemic has, however, made operations more difficult because of shortage of staff and new sanitary guidelines imposed for fisheries and processing. Feed companies have ensured significant supplies to farmers to safeguard their animals' health and well-being and maintain the production level on farms. The rising demand for fish has surge export-oriented aquaculture and increased the adoption of 'Scientific Aquaculture Management Practices' (SAMP). Several feed companies have provided significant supplies to farmers to protect their animals' health and well-being, and production levels remain high. Export-oriented aquaculture and Scientific Aquaculture Management Practices (SAMP) have sprung up in response to the growing demand for fish amid the pandemic. Due to this, fish farming is expected to grow, providing an opportunity for the aquafeed industry to grow. The fish farming trend will likely develop due to the limited supply of marine feed and the growing demand for fish, which will significantly contribute to the growth of the compound feed market.
Asia-Pacific Leads the Global Aquafeed Market
The global aquafeed industry is grouped into -North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. Among these, the Asia-Pacific holds the largest share in the global aquafeed market in terms of value. The region is majorly driven by China, which is a significant producer of aquafeed. The country is the leading producer, consumer, and processor of aquaculture products, contributing to about one-third of the global supply. Moreover, the processed seafood market in the region is also currently undergoing a significant transformation in response to rapid urbanization and diet diversification.
Competitive Landscape
Market competition can be ensured by companies that focus on new product development, expansion, and acquisition. Some of the leading players are increasing their global footprint by purchasing overseas producers. Some key players in the global Aquafeed market are Archer Daniels Midland Company, Cargill Inc., Ridley Corporation Limited, Nutreco, Alltech, Purina Animal Nutrition, Nutriad, Aller Aqua A/S, Biomin, Biomar, Norel Animal Nutrition, Avanti Feeds Limited, De Heus Animal Nutrition B.V, Novus International, Biostadt India Limited, Nk Ingredients Pte Ltd., Marubeni Nisshin Feed Co., Ltd., Marvesa, Beneo, JapfaComfeed, Cpf Plc, Growel Feeds, Sonac, Kent Feeds, Lifecircle Nutrition, and other prominent players.
In May 2021, Cargill announced that it has started manufacturing AquaXcel feed in its Serang plant to increase aquaculture customers by achieving more sustainable growth.
In March 2021, Cargill announced its newest initiative, SeaFurther Sustainability, to help aqua farmers grow more sustainable seafood with less environmental impact. It is a part of the company's total carbon commitment, including three science-based goals to cut greenhouse gas emissions by 30% per tonne of food by 2030. By 2030, SeaFurther will have saved two billion pounds of CO2, the equivalent of removing almost 400,000 cars from the road.
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Global Aquafeed Market Growth to Remain Strong—Projected to Reach worth USD 83.2 Billion in 2027
Global aquafeed market is booming as consumers become more aware of the quality of seafood products. Moreover, the aquaculture and aquafeed industry is predicted to expand with an increase in per capita income, especially in developing countries...
A studyrecently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global aquafeed market was worth USD 59.6 billion in 2020 and is further projected to reach USD 83.2 billion by 2027, at a CAGR of 5.4% during the forecast period (2021-2027). The market’s growth is attributable to increased fish consumption, which has boosted aquaculture activities. This is one of the primary elements that has fueled the growth of global aquafeed market. Additionally, consumers have become aware of the advantages of high-quality seafood products. As a result, the supply of enhanced aquafeed is likely to improve globally during the forecast period.
Rise in Global Fish Consumption isFueling the Market Growth
Global fish consumption has increased due to population expansion, rising affluence in developing countries, and urbanization. Fish and other seafood consumption has risen at the expense of staple foods, and this trend is strongly linked to growing disposable income and animal protein consumption. Globally, fisheries and aquaculture are becoming the primary source of protein, foreign exchange, livelihoods, and population well-being.
Asia-Pacific and Latin America are likely to witness the largest increase in fish consumption due to various factors, including changes in diet habits, urbanization, population growth, and economic growth.Fish demand continues to outpace domestic supplies in China, according to Agriculture and Agri-Food Canada. Even though Europe and North America have limited aquaculture businesses, there is a significant demand for fish products, which Asian suppliers provide. In 2017, the EU's per capita fish and seafood intake was 24.35 kg, with Portugal having the highest per capita consumption.
Government Support is likely to Create Immense Opportunities for the Market.
The rise in demand for the consumption of seafood globally has created immense opportunities for aquaculture industries. Countries like India, the fourth biggest seafood exporter, may see upward trends in coming years with government support. India's government has prioritized making India the world's top seafood producer, according to a statement given by Union Minister of State for Commerce and Industry Som Parkash in February 2020 at the 22nd India International Seafood Show. This sector, which employs around 14.5 million people, can significantly contribute to the country's overall economic growth.
India's total share of the global seafood market is predicted to rise from 4.1 % to 6.7 % by 2030, according to Kerala state governor Arif Mohammad Khan, due to increased production, value addition, and diversification. The fisheries sector employs roughly 40.5 million people in India, directly and indirectly, and contributes 1% to the country's gross domestic product. Khan has also urged increased foreign direct investment to spur product variety and value addition through innovation. According to a letter from Minister of State for Fisheries, Animal Husbandry, and Dairying Pratap Chandra Sarangi to Shobha Karandlaje, a Member of Parliament in India's bicameral parliament, India's fish production increased nearly 6% to 13.34 million MT in 2018-2019, up from 12.59 million MT in 2017-2018. Therefore, favorable government support is creating immense opportunities in the global aquafeed market
Request For Free Sample Report @ https://www.blueweaveconsulting.com/report/global-aquafeed-market/report-sample
Impact of COVID-19
The COVID-19 pandemic has, however, made operations more difficult because of shortage of staff and new sanitary guidelines imposed for fisheries and processing. Feed companies have ensured significant supplies to farmers to safeguard their animals' health and well-being and maintain the production level on farms. The rising demand for fish has surge export-oriented aquaculture and increased the adoption of 'Scientific Aquaculture Management Practices' (SAMP). Several feed companies have provided significant supplies to farmers to protect their animals' health and well-being, and production levels remain high. Export-oriented aquaculture and Scientific Aquaculture Management Practices (SAMP) have sprung up in response to the growing demand for fish amid the pandemic. Due to this, fish farming is expected to grow, providing an opportunity for the aquafeed industry to grow. The fish farming trend will likely develop due to the limited supply of marine feed and the growing demand for fish, which will significantly contribute to the growth of the compound feed market.
Asia-Pacific Leads the Global Aquafeed Market
The global aquafeed industry is grouped into -North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. Among these, the Asia-Pacific holds the largest share in the global aquafeed market in terms of value. The region is majorly driven by China, which is a significant producer of aquafeed. The country is the leading producer, consumer, and processor of aquaculture products, contributing to about one-third of the global supply. Moreover, the processed seafood market in the region is also currently undergoing a significant transformation in response to rapid urbanization and diet diversification.
Competitive Landscape
Market competition can be ensured by companies that focus on new product development, expansion, and acquisition. Some of the leading players are increasing their global footprint by purchasing overseas producers. Some key players in the global Aquafeed market are Archer Daniels Midland Company, Cargill Inc., Ridley Corporation Limited, Nutreco, Alltech, Purina Animal Nutrition, Nutriad, Aller Aqua A/S, Biomin, Biomar, Norel Animal Nutrition, Avanti Feeds Limited, De Heus Animal Nutrition B.V, Novus International, Biostadt India Limited, Nk Ingredients Pte Ltd., Marubeni Nisshin Feed Co., Ltd., Marvesa, Beneo, JapfaComfeed, Cpf Plc, Growel Feeds, Sonac, Kent Feeds, Lifecircle Nutrition, and other prominent players.
In May 2021, Cargill announced that it has started manufacturing AquaXcel feed in its Serang plant to increase aquaculture customers by achieving more sustainable growth.
In March 2021, Cargill announced its newest initiative, SeaFurther Sustainability, to help aqua farmers grow more sustainable seafood with less environmental impact. It is a part of the company's total carbon commitment, including three science-based goals to cut greenhouse gas emissions by 30% per tonne of food by 2030. By 2030, SeaFurther will have saved two billion pounds of CO2, the equivalent of removing almost 400,000 cars from the road.
Don’t miss the business opportunity of the global aquafeed market. Consult our analysts to gain crucial insights and facilitate your business growth.
The report's in-depth analysis provides information about growth potential, upcoming trends, and statistics of the global aquafeed market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global aquafeed market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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Aquafeed is termed as a food specifically which is prepared for aquatic animals in to support their nutritional necessities. It is usually prepared with the specific ingredients and the additives which are nutritive in the environment, supplemented by the tiny amounts. The aquafeed market is derived from plant resources only, for instance corn gluten meal, soy meal, canola oil, and sunflower protein concentrate. Itis available for the huge product ranges based on increased customer attraction with the functionality of the specific requirements.
According to study, “Global Aquafeed market Size study, by Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, Others), by Additive (Vitamins, Antibiotics, Antioxidants, Amino acids, Feed Acidifiers, Feed Enzymes, Other Additives), By End user (Mollusks, Fish, Crustaceans, Others) - Forecast 2020” some of the major companies that are currently working in the global aquafeed market areArcher Daniels Midland Company, Avanti Feeds Limited, Ridley Corporation Limited,BENEO GmbH (SUEDZUCKER GROUP), Purina Animal Nutrition(Land O’ Lakes Inc.), Nutreco N.V,Norel Animal Nutrition, Nutriad, Alltech Inc., Cargill Inc.,Biomar A/S (SCHOUW & Co.), Coppens International B.V., Charoen Pokphand Foods Public Company Limited, Biostadt India Limited, Aller Aqua A/S, DE Heus Animal Nutrition, Biomin Holding GmbH, Dibaq A.S.,Skretting Co., Ltd., Novus International, INVE Aquaculture Inc.,Clextral S.A.S., Cermaq Group ASA, Zeigler Bros., Inc.are some of the key companies associated with the aquafeed products available under different attractive advertisements add to the sense of genuineness for buying the product.
Based on ingredient, global aquafeed market is segmented into fats, veg or grains, carotenoids, additives, land animal, marine and others.The veg or grains include the rapeseed oil, corn gluten meal, canola oil and sunflower or protein conc. The carotenoids include astaxanthin and canthaxanthin. The land animal includes poultry meal, feather meal and blood meal. Based on the type of additives market is segmented into antibiotics, amino acids, vitamins, feed acidifiers, antioxidants, feed enzymes and other additives. Based on form type market is segmented into extruded,liquid, and dry. The dry segment is further sub-segmented into powder,pellets, and crumbles. In addition,the pellets segment is further sub-segmented into floating pellets and sinking pellets.Based on the mode of function, market is segmented into health, special nutrition, palatability, digestibility, and other functions.Based on the end-user category the market is segmented as tilapia, mollusks (mussel feed & oyster feed), carps, salmons, catfish, krill, trout, see bass or bream, crustaceans (crab feed & shrimp feed) and others.
The global aquafeed market is primarily driven by rise in demand of fish & seafood consumption. Some of the other driving aspects include augmentation of aquaculture industry, growth in population & increase income and availability & flexibility in the usage of alternative raw materials. Apart from the key benefits, market is affected by some of the major restraints that include cost of raw materials such as (fish oil & fish meal) with the key regulatory framework & interference adding to the challenges associated with food safety concerns and on the environment. Moreover, some of the key opportunities associated include functional aquafeed and the dependence on the aquaculture.
It is anticipated that the global aquafeed market to reach at US $202.7 billion, by 2025. In the forecast period it is estimated that the market to remain intense with an increased global seafood consumption and considerable increase in the aquaculture production.
For more information on the research report, refer to below link:
Global Aquafeed market Research Report
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Aquafeed Market Growth Factors, Segmentation, Analysis and Forecast to 2022 by Top Key Players
Aquafeed market Report, published by Allied Market Research, forecasts that the global market is expected to garner $156 billion by 2022, registering a CAGR of 13.3% during the period 2016-2022. Fish and molluscs end use segment accounted for more than three fourth of the total aquafeed consumption. Total consumption of China and Indonesia was about 75% of the Asia-Pacific aquafeed market in 2015.
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Aquafeed is a compounded meal that consists of various raw materials and additives, which provides nourishment and enhances overall growth & productivity of aquatic animals. The global aquafeed market is expected to grow at a considerable rate due to rising seafood consumption, increasing consumer concerns and regulatory pressure to maintain high quality of fishes to avoid any outbreak of diseases (salmonella, botulism, melioidosis). Rising commercialization of seafood across rural and urban regions are expected to further boost the market growth. However, factors such as increasing raw material prices (fish meal, fish oil, wheat barley including others) and stringent regulatory structures formulated for manufacturing aquafeed additives, would hinder the market growth.
The key players operating in the market include:
AllerAqua A/S
Cargill Inc.
Beneo GmbH
Biomar A/S
Avanti Feeds Ltd
Alltech Inc.
Biomin GmbH
Charoen Pokphand Foods Public Company Limited
Nutreco N.V.
Coppens International B.V.
Amino acids and vitamins segments accounted over a one thirds of the aquafeed additive market in 2015. Amino acids play an important in the development of nutrition and metabolism of aquatic animals, and hence this trend is projected to continue in the future.
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Key findings of Aquafeed Market:
Crustaceans is projected to be the fastest growing segment in global aquafeed market registering a CAGR of 13.7% (value terms) during 2016 and 2022.
Amino acid is projected to be the fastest growing additive segment in aquafeed additives market registering a CAGR of 7.9%.
Carps held 39.9% market share in the fish segment in 2015, in terms of volume.
Asia-Pacific is projected to occupy the highest market share with a CAGR of 13.1%.
China would continue to lead the aquafeed market at a CAGR of 12.3%.
Brazil held more than half of the market share in the LAMEA region in 2015, whereas South Africa intends to grow at a CAGR of 14.1% during the period under consideration.
Access full report@: https://www.alliedmarketresearch.com/aquafeed-market
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Aquafeed Market is Set to Hit US$ 133.1 billion USD By 2022
Synopsis:
The global Aquafeed Market was projected at US$ 69.72 billion in 2014. The scope of the market is projected to touch US$ 133.1 billion by the completion of the year 2022. It is expected to record a CAGR of 11.4% during period of forecast.
Aquafeed can be well-defined as nutrition particularly set for aquatic animals so as to satisfy their nourishing necessities. The feed is normally equipped with particular materials and flavors that are nutritional in nature and added in precise small quantities. These days the aquafeed is existing in huge varieties of product, due to improved fascination of customer in the direction of its functionality and species particular necessities.
Aquafeed is resulting merely from plant sources, for example concentrate of sunflower protein, canola oil, soy meal, and corn gluten meal. Among them, the maximum regularly utilized constituent in aquafeed is oceanic bases for example fish oil and fish meal. In the present scenario, the maximum favored and sold form of it among the whole worldwide aquafeed products is the extruded category of aquafeed, owing to its greater percentage of disintegration and quicker beginning of act in fish.
Drivers:
The manufacture of aquaculture is expected to perform an important part in the sector of aquafeed during the approaching period. Maximum nation states are accelerating their activities of manufacture and reviewing the rules to simplify the environment of aquaculture into additionally approachable transnational regions of trade.
At a national level, governments are estimating positive prediction regarding the production. This is a countless motivation for the companies to capitalize more and more into the aquafeed market. Important establishments are showing robust improvements to be pressed in for aquafeed products in the market of Europe. The companies of important manufacturing nation state for example Norway, China, Peru, and others have to upsurge their standard of manufacture for aquafeed to protect themselves from the limitations triggered by these codes of practice.
Get Exclusive Free Sample Copy Of This Report @ https://www.millioninsights.com/industry-reports/aquafeed-market/request-sample
Classification:
The global aquafeed market can be classified by Purpose, Types, Form, Product and Region. By Purpose, it can be classified as Special Nutrition, Digestibility, Palatability, Health and Others. By Types, it can be classified as Shellfishes, Fish, Tilapia, Salmon, Mollusks, Catfish, Carp and Others. By Form, it can be classified as Liquid, Pellets, Powder, and Extruded. By Product, it can be classified as Feed Acidifiers, Antibiotics, Vitamins, and Amino Acids.
Regional Lookout:
By Region the global aquafeed industry can be classified as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The North America region is motivated by the U.S.A and Canada. Growing ingestion of fish and demand for seafood together with increasing per head earnings of middle-class may possibly boost the development of the business within the region. Institutional backing along with the government initiatives for the development of the product will motivate the development of the regional business. Most important companies are financing for the development of new-fangled product for transnational and native market to increase their range of product.
The market in Europe is motivated by Germany, France, and the UK. The market demand for aquaculture additives possibly will record important improvements during the period of forecast. Modification in consumer inclination and growing business of treated fast food, along with increasing per head earnings must push the development of the provincial business.
The Asia Pacific’s market scope for aquafeed is headed by Japan, India, and China. Growing availability of source, low-slung wages of manual labor, and ambient ecological circumstances must motivate the development of the local business. Growing per head earnings along with improved way of life must inspire the development of the business.
Companies:
The companies are adopting the policy of mergers & acquisitions to improve their capability of manufacture and fortify their global existence. Additionally, the important contestants are focused on presenting the new-fangled product to raise the general development of the market.
Some of the important companies for aquafeed market are DSM, Aller Aqua A/S, Biomar A/S, BASF, and Ridley Corporation Ltd. Additional notable companies are Coppens International B.V., Charoen Pokphand Foods Public Company Limited, Alltech Inc., Cargill, Inc., Nutreco N.V., BIOMIN Holding GmbH, Avanti Feeds Ltd, Beneo GmbH, Archer Daniels Midland Company, Biostadt India Ltd., Norel Animal Nutrition, Nutriad, Dibaq a.s, De Heus Animal Nutrition.
For More Information visit @ https://www.millioninsights.com/industry-reports/aquafeed-market
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Aquafeed Market is Projected to Grow at a CAGR of 7.8% by 2024
According to a new report published by Fast.MR titled, "Aquafeed Market - By End User (Fish, Crustaceans, Others), By Form (Powder, Liquid, Extruded, Pellet), By Ingredient (Fish Meal, Fish Oil, Additives, Soybean, Corn, Others), By Sales Channel (Direct Sales, Indirect Sales) & Global Region - Market Size, Trends, Opportunity and Forecast 2018-2024," The global aquafeed market accounted for USD XX.X Million in 2018. Further, the market is expected to reach to a valuation of USD XX.X Million by the end of 2024. Moreover, it is anticipated to flourish at a CAGR of 7.8% during the forecast period i.e. 2019-2024.
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Segmentation
The research offers a comprehensive analysis of aquafeed market with respect to following sub-markets:
By End User
- Fish
-- Salmon
- - Trout
- - Sturgeon
- - Tilapia
-- Others
- Crustaceans
- - Shrimps
-- Prawns
- - Crab
- - Krill
- - Others
By Form
- Powder
- Liquid
- Extruded
- Pellet
By Ingredient
- Fish Meal
- Fish Oil
- Additives
- Soybean
- Corn
- Others
By Sales Channel
- Indirect Sales
- Hypermarket/Supermarket
- Brand Retail Outlets
- Online Sales
- Other Retail Stores
- Direct Sales
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
Archer Daniels Midland Company
- Cargill
- Alltech
- Aller Aqua A/S
- Ridley Corporation Limited
- Nutreco N.V.
- Avanti Feeds Limited
- Nutriad
- Biomar
- Biomin Holding GmbH
- Other Major & Niche Players
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#Aquafeed Market#Aquafeed Market size#Aquafeed Market share#Aquafeed Market news#Aquafeed Market Trends#Aquafeed Market Forecast
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Aquafeed Market Emerging Trends, Technology and Forecasts to 2025
The aqua feed market is anticipated to grow with a CAGR of 9.9% during the forecasted period of 2016-2023.The constant rise in consumption of seafood & rising aquaculture industry is significantly resulting in market growth considering aqua feed across the globe. Aqua feed is mainly utilized to feed omnivorous animals fish like tilapia, common carp, catfish & milkfish and carnivorous fish such as salmon, eel, trout, sea bream and tuna along with crustacean species which includes freshwater prawns, crabs, lobsters and brackish-water shrimps. The Aqua feeds are compounded meals that are prepared from the aquatic animals through mixing various raw materials & additives. These blends are mainly prepared according to the specific requirements of the various species & age of the animal. Aqua feed is on the up surging trend and has become pivotal to aquaculture industry owing to its nutritional, growth promoting properties and immune resistant qualities.
Global Aquafeed market to reach USD 202.7 billion by 2025.
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The Key Market Players Mainly Include-
Archer Daniels Midland Company
Ridley Corporation Limited
Avanti Feeds Limited
Nutreco N.V.
Purina Animal Nutrition
Nutriad
Norel Animal Nutrition
Cargill
Alltech
Aller Aqua A/S
Biomar
Biomin Holding GmbH
De Heus Animal Nutrition
Dibaq A.S
The Fishes & crustaceans have been surfaced as the major end users of aqua feed across the globe. In the present scenario, with the escalating need for protein-rich healthy food items, the consumption of fish has enhanced significantly, which in turn consecutively, is compelling aqua culturists to provide them with high-quality aqua feed. The utility of modern feed management techniques along with high awareness levels are the key factors responsible for the high consumption of feed amino acids considering the growing markets such as Asia-Pacific and Europe. Soybean is a significant source of protein for aquafeed& is rich and highly digestible xanthophylls and amino acids. Owing to this they are extensively utilized as key source of protein in the production of aquafeed. On the basis of end user, the fish segment of the aqua feed market accounted for the largest market on the global scenario in the year 2016. The fish is the cheapest &most easily accessible and digestible animal proteins. The rise in fish farming activities along with aquaculture has significantly led to enhancement in demand for fish feed which is further augmenting the growth of aquafeed market in the country.
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The regional analysis of Global Aquafeed Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025. The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Regions:
North America
Europe
Asia Pacific
Latin America
Rest of the World
Research for Markets has considered following segments for the study:
By Ingredients:
Soybean
Fish Meal
Corn
Additives
Fish Oil
Others
By Additives:
Antibiotics
Antioxidants
Vitamins
Feed Enzymes
Amino Acids
Feed Acidifiers
Other Additives
By End-User:
Fish
Crustaceans
Mollusks
Others
Target Audience of the Global Aquafeed Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Aqua Feed Market is expected to grow at a CAGR of approximately 10.9% during 2018-2023.
According to the new market research report by IndustryARC, titled “Aquafeed Market By Ingredient (Corn, Soybean, Fish Oil); By Type (Natural Feed, Artificial Feed); By Animal Type (Salmon, Mollusks, Catfish, Others); By Additive Products (Amino Acids, Vitamins, Anti-biotic, Others) - Forecast (2018 – 2023)”, the market will be enhanced by growth in fish meat consumption due to the increase in the population worldwide. Asia Pacific is Expected to Lead the Aquafeed Market: Asia Pacific will lead the Aquafeed Market in the coming years. The growth of the aquaculture industry in China and India due to factors such as availability of raw materials, favorable climatic conditions for aquaculture and cheap labor will accelerate the market growth in Asia Pacific. Europe is expected to have a steady growth of aquafeed in the coming years due to the rising popularity of protein rich food among consumers in the region. North America will also experience higher growth due to the presence of established vendors in the future. Selected Regulatory Analysis Done in the Full Report: Carps are the largest application segment in the aquafeed market. They are rich in omega-3 fatty acids and provide protein which is low in fat. The increasing consumer awareness about omega 3 health benefits will augment the demand for carps which, in turn, drives the growth of aquafeed. Mollusks and Crustaceans are the other segments in the market. Crustaceans such as shrimps, lobsters, crabs and mollusks such as oysters are being used as exotic food products. This factor also enhances the demand for the aquaculture feed during the forecast period. To access the full report click on below link: https://industryarc.com/Report/15096/aquafeed-market.html Selected Driving Factors Mentioned in the Aquafeed market Report: • Growing demand for quality fish will drive the growth of the feed additives during the forecast period. • Growing consumption of sea food in European countries, such as, Norway and Germany will elevate the demand for shrimp feed. • Increasing government initiatives to support aquaculture and growing disposable income will spur the growth of animal nutrition during the forecast period. • Increasing focus on nutraceuticals, such as Omega 3 enriched products will create opportunities for aquafeed applications. Key players of the Aquafeed Industry: The companies which dominate the Aquafeed Market include Aller Aqua, BeneoNorel Animal Nutrition, BioMar A/S, Avanti Feeds Ltd. and Cermaq ASA. Aller Aqua produces fish feed for saltwater and freshwater aquaculture. It has branches in Denmark, Poland, Germany, Egypt, China and Zambia. Norel Animal Nutrition produces food ingredients for animal nutrition. BioMar A/S produces feed for shrimps and fishes. It provides feed for cold water species such as Salmon, trout, and cod. Avanti Feeds Ltd develops prawn culture. The Aquafeed Market is Segmented as Below: The increasing consumption of seafood will drive the growth of the Aquafeed Market. A. Aquafeed Market By Type 1. Natural Feeds 1.1. Plants 1.2 .Animals 1.3. Trash Food 1.4. Others 2. Artificial Feeds 2.1. Medicines 2.2. Vaccines 2.3. Others B. Aquafeed Market By Additive Products 1. Amino Acids 2. Vitamins 3. Antibiotics 4. Feed Acidifiers 5. Antioxidants 6. Feed Enzymes 7. Others C. Aquafeed Market By Aquatic Animal Type 1. Salmon 2. Molluscs 3. Tilapia 4. Catfish 5. Carp 6. Crustaceans 7. Others D. Aquafeed Market by geography(covers 15+ countries) E. AquafeedMarket by entropy F. Company profiles 1. Aci Godrej Agrovet Pvt Ltd 2. Addcon Group Gmbh 3. Aller Aqua A/S 4. Cp Aqua Culture Ltd 5. De Heus 6. BASF SE 7. BeneoGmbh 8. Biomar A/S 9. Evonik Industries 10. Ewos Group 11. Grobest Feeds Corporation Ltd. 12. Nutreco N.V. 13. Nutriad International 14. Vega Pharma Limited 15. Water Base Ltd 16. Zeigler Bros., Inc. G. Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer. What can you expect from the report? The Aquafeed Market Report is prepared with the main agenda to cover the following 20 points: 1. Market Size by Product Categories 2. Market trends 3. Manufacturer Landscape 4. Distributor Landscape 5. Pricing Analysis 6. Top 10 End user Analysis 7. Product Benchmarking 8. Product Developments 9. Mergers & Acquisition Analysis 10. Patent Analysis 11. Demand Analysis (By Revenue &Volume ) 12. Country level Analysis (15+) 13. Competitor Analysis 14. Market Shares Analysis 15. Value Chain Analysis 16. Supply Chain Analysis 17. Strategic Analysis 18. Current & Future Market Landscape Analysis 19. Opportunity Analysis 20. Revenue and Volume Analysis Related Report: A. Animal Feed Additives Market https://industryarc.com/Report/226/Animal-Feed-Additives-Market-Research-Report.html B. Animal Nutrition Market https://industryarc.com/Report/15015/animal-nutrition-market.html FAQ Does IndustryARC provide customized reports and charge additionally for limited customization? Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization: 1. Increase the level of data in application or end user industry. 2. Increase the number of countries in geography or product chapter. 3. Find out market shares for other smaller companies or companies which are of interest to you 4. Company profiles can be requested based on your interest. 5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment. Any other major customizations can be discussed with our team and can provide a separate quote based on your requirements. You can drop an e-mail to [email protected] to discuss more about our consulting services. Media Contact: Mr. Venkat Reddy Sales Manager Email 1: [email protected] Or Email 2: [email protected] Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. 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Global Aquafeed Market Leading Players, Product Types and Applications by 2023: Archer Daniels Midland Company, Nutreco N.V, Avanti Feeds Limited and Ridley Corporation Limited
Global Aquafeed Market Leading Players, Product Types and Applications by 2023: Archer Daniels Midland Company, Nutreco N.V, Avanti Feeds Limited and Ridley Corporation Limited
Global Aquafeed Marketresearch report deals with a strategic optimization towards the Aquafeed business approaches. The market analyst targets towards the major concepts related to market growth, Aquafeed development plan, and keenly focus on the significant tact’s. The Aquafeed report also offers an in-depth assessment with regards to the upcoming technologies pertaining to the past and current…
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Aquafeed Market : Global Industry Segment by Production, Consumption and Revenue by 2026
According to Stratistics MRC, the Global Aquafeed market is accounted for $114.20 billion in 2017 and is expected to reach $289.94 billion by 2026 growing at a CAGR of 10.9%. Some of the factors favouring the market growth are increasing demand for seafood trading, rising consumer awareness about good quality seafood products, easy availability of fish meal. However, growing raw material prices, stringent environmental regulations about fishing is restricting the market. In addition, increasing government initiatives to support aquaculture, rising disposable incomes in developing countries are some of the major opportunities during the forecast period.
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Aquafeed is a food meal which is used for various aquatic species such as fish, crustaceans, and mollusks. It is widely used for aquaculture. Aquafeed is essential for aquaculture sector due to its growing promoting properties, immune resistant and nutritional benefits. High quality Aquafeed is useful for crustaceans, mollusks, fish and other aquatic animals due to their balanced and need specific composition.
By Additives, feed acidifiers have acquired largest market growth. The demand for feed acidifiers is growing as they increase gastric acids levels in animals which further enhance their digestion system and this acid also kills harmful bacteria in the gastro intestinal tract. On the other hand, crap feed is witnessing huge growth due to the fact that carps provide high amounts of proteins which consist of low fat levels and are rich in omega-3 fatty acids. Europe is expected to witness largest market growth due to rising income levels of middle class people, growing fish consumption due to high protein diets are some of the factors favouring towards the growth of Aquafeed in Europe region.
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Some of the key players in global Aquafeed market include Nutreco N.V, Aller Aqua A/S, Archer Daniels Midland Company, DE Heus Animal Nutrition, Purina Animal Nutrition (Land O’ Lakes Inc.), Avanti Feeds Limited, Biomin Holding GmbH, Cargill, Biostadt India Limited, Ridley Corporation Limited, Norel Animal Nutrition, Alltech, Dibaq A.S, Nutriad and Biomar.
Functions Covered: Digestibility Palatability Health Special Nutrition Other Functions
Ingredients Covered: Additives Soybean Fish Meal Corn Fish Oil Marine Carotenoids Veg/Grains Land Animals Other Ingredients
Forms Covered: Liquid Powder Extruded Pallet
Additives Covered: Binders Feed Enzymes Vitamins Antioxidants Feed Acidifiers Amino Acids Antibiotics Other Additives
End Users Covered: Crustaceans Fish Mollusks Other End Users
Regions Covered: North America US Canada Mexico Europe Germany UK Italy France Spain Rest of Europe Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific South America Argentina Brazil Chile Rest of South America Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
Access the complete report with TOC & List of Tables @ http://orbisresearch.com/reports/index/aquafeed-global-market-outlook-2017-2026?utm_source=sd
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements
Table of Content
1 Executive Summary
2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.4.1 Data Mining 2.4.2 Data Analysis 2.4.3 Data Validation 2.4.4 Research Approach 2.5 Research Sources 2.5.1 Primary Research Sources 2.5.2 Secondary Research Sources 2.5.3 Assumptions
3 Market Trend Analysis 3.1 Introduction 3.2 Drivers 3.3 Restraints 3.4 Opportunities 3.5 Threats 3.6 End User Analysis 3.7 Emerging Markets 3.8 Futuristic Market Scenario
4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
5 Global Aquafeed Market, By Function 5.1 Introduction 5.2 Digestibility 5.3 Palatability 5.4 Health 5.5 Special Nutrition 5.6 Other Functions
6 Global Aquafeed Market, By Ingredient 6.1 Introduction 6.2 Additives 6.3 Soybean 6.4 Fish Meal 6.5 Corn 6.6 Fish Oil 6.7 Marine 6.8 Carotenoids 6.9 Veg/Grains 7.10 Land Animals 7.11 Other Ingredients
7 Global Aquafeed Market, By Form 7.1 Introduction 7.2 liquid 7.3 Powder 7.4 Extruded 7.5 Pallet
8 Global Aquafeed Market, By Additive 8.1 Introduction 8.2 Binders 8.3 Feed Enzymes 8.4 Vitamins 8.5 Antioxidants 8.6 Feed Acidifiers 8.7 Amino Acids 8.8 Antibiotics 8.9 Other Additives
9 Global Aquafeed Market, By End User 9.1 Introduction 9.2 Crustaceans 9.2.1 Crab Feed 9.2.2 Shrimp Feed 9.3 Fish 9.3.1 Carp Feed 9.3.2 Tilapia Feed 9.3.3 Catfish Feed 9.3.4 Salmon Feed 9.4 Mollusks 9.4.1 Mussel Feed 9.4.2 Oyster Feed 9.5 Other End Users
10 Global Aquafeed Market, By Geography
11 Key Developments 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 11.2 Acquisitions & Mergers 11.3 New Product Launch 11.4 Expansions 11.5 Other Key Strategies
12 Company Profiling 12.1 Nutreco N.V 12.2 Aller Aqua A/S 12.3 Archer Daniels Midland Company 12.4 DE Heus Animal Nutrition 12.5 Purina Animal Nutrition (Land O’ Lakes Inc.) 12.6 Avanti Feeds Limited 12.7 Biomin Holding GmbH 12.8 Cargill 12.9 Biostadt India Limited 12.10 Ridley Corporation Limited 12.11 Norel Animal Nutrition 12.12 Alltech. 12.13 Dibaq A.S 12.14 Nutriad 12.15 Biomar
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