The global aquafeed market is projected to be valued at 89,479.0 MT by 2019 and $123,990.3 million by 2019 at CAGRs of 10.7% and 12.3%, respectively, from 2014 to 2019.
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MarketsandMarkets Presents AquaFeed Market worth $123,990.3 Million by 2019 http://www.marketsandmarkets.com/Market-Reports/aquafeeds-market-1151.html
As the global population inches towards nine billion by 2050, there will be a need for more food and jobs which a growing aquaculture industry can help meet. In the coming decades, many developing countries will feel pressure to shift more of their resources toward aquaculture production, due to its environmental and economic efficiencies. Aquaculture species such as tilapia, catfish, and crawfish are far more efficient at converting traditional feedstuffs into edible protein as compared to traditional livestock and poultry species. As a result, many forms of aquaculture production also result in reduced environmental impacts when compared to traditional animal husbandry. This research report provides in-depth market insight into the global aquafeed industry. Aquaculture can make a unique contribution to nutrition in many parts of the world by virtue of its extremely high productivity and the fact that aquatic crops are primarily protein crops rather than sources of starch. Also, many aquatic organisms are better converters of primary foods than ruminants, fowl, or swine. Aquaculture has the potential of producing large quantities of lower-cost, protein-rich food. This report takes into account the wide range of factors and their influence on the aquafeed market dynamics. The market drivers and restraints are explained in detail in the report, along with growth opportunities. http://www.marketsandmarkets.com/Market-Reports/aquafeeds-market-1151.html
Various secondary sources such as encyclopedias, directories, and databases were used to identify and collect information for this extensive commercial study of the aquafeed market. The primary sources experts from related industries and suppliers were interviewed to obtain and verify critical information as well as to assess the future prospects of the aqua feed market. This research report categorizes the global aquafeed market on the basis of additives, animal species, and geography; projecting revenue and analyzing trends in each of the sub-markets. The international and national demand for safe and higher-quality aquatic products is increasing wherein there is a clear need to improve product quality and safety. There are improvements in cold chains and control systems for ensuring product quality and safety due to which more emphasis will be put for these aspects in the coming years. Countries are continuing to introduce species or strains for aquaculture, while efforts are made to develop specific strains for aquaculture; particularly for the high-value species. For instance, in the shrimp farming sector, effort has doubled to attain the capability to locally commercialize the production of SPF (specific pathogen free) and SPR (specific pathogen resistant) broodstocks of a number of species (Penaeusvannamei, Penaeuschinensis, andPenaeus monodon). http://www.marketsandmarkets.com/Market-Reports/aquafeeds-market-1151.html
The Asia-Pacific market topped the revenue chart of the global aquafeed industry, accounting for around 76.1% and 75%, both by value and volume respectively, of the total market. The aquafeed market is expected to grow at CAGRs of 12.1% and 10.7% both by value and volume from 2014 to 2019, with the highest growth projected in the Asia-Pacific region. The aquafeed market, in terms of value, was dominated by the Asia-Pacific region in 2013. China is one of the major countries and also a leading producer of aquafeed. The rapid development of the aquaculture industry in China has contributed in improving food supply, as well as generated job opportunities and income for the people in China. The European region is the second-largest market while North America ranks third, as it is the most advanced producer of animal feeds globally. The key players covered in aquafeed market report include Alltech Inc. (U.S.), Aller Aqua A/S (Denmark), Beneo Group (Germany), BioMar A/S (Denmark), Biomin GmbH (Austria), Cargill Incorporated (U.S.), Charoen Pokphand Foods Public Company Limited (CPF) (Thailand), Coppens International B.V. (Netherlands), Nutreco N.V. (Netherlands), and Ridley Corporation (Australia) with their recent development strategies studied in detail in this report. http://www.marketsandmarkets.com/Market-Reports/aquafeeds-market-1151.html
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