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Value of World Aquafeed Market Growing at 12.3% CAGR to 2019
|By PR Newswire
|September 1, 2014 08:30 AM EDT
DALLAS, September 1, 2014 /PRNewswire/ --
The global aquafeed market is currently the fastest-growing segment of the agriculture and animal feed milling industry and is witnessing a steady growth particularly in China. The aquafeed market has grown exponentially in the last decade and this trend is expected to continue. Factors such as increasing consumption of sea food and growth in the aquaculture industry are increasing the market for the aquafeed industry, globally. The Asia-Pacific region was the largest market for aquafeed accounting for more than 76% of the total consumption.
ReportsnReports.com adds Aquafeed Market by End Consumption (Fish, Crustaceans, Mollusks, Others), by Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Others), by Geography - Global Trends & Forecasts to 2019 research report that says the Asia-Pacific region again took the major market share in terms of consumption with 76% of the total aquafeed market share in 2013. Increase in the domestic demand has contributed to the continuing growth trend particularly in this region. Fish dominated the Aquafeed market, by animal species, in 2013, with more than half of the market share. 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.
The Aquafeed market includes feed for fish, crustaceans, mollusks, and others. There has been a growing trend within most developing countries and many developed countries (such as Japan) towards the increased use of artificially compounded feeds (aqua feeds) for farmed finfish and crustaceans. Aquafeed additives mainly comprise antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers, and others. Amino acid is the major source of nutrients and constitutes the largest fish feed additive of animal species (fishes, crustaceans, and mollusks) diets, followed by antibiotics.
Aquafeed market companies profiled in this research include Alltech Inc., Aller Aqua A/S, Beneo - Animal Nutrition, Biomar A/S, Biomin GMBH, Cargill Incorporated, Charoen Pokphand Foods Public Company Limited, Coppens International B.V., Nutreco N.V. and Ridley Corporation. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=247379 .
Organic and ecological aquaculture market opportunities have been discussed in this report that can be used by corporate planning to get into the industry as well as existing market players. Rising Cost of Feed Ingredient Prices Highly Affecting Aquafeed and Aquaculture Industry and Widespread Occurrence of Diseases in Aquaculture Industry are the restraints that this research points out. Aquaculture market drivers like Aquaculture Industry Is Catering to the World's Demand for Seafood, Increasing Seafood Trade Propelling Feed Demand, Increasing Use of Aquafeed in Carp and Crustacean Farming and Aquaculture Industry Witnessing Significant Technological Advancement have been mentioned in this research. Investments in R&D have been listed as a winning imperative for the competitors in this industry.
Feed Enzymes Market by Livestock (Swine, Poultry, Ruminants, Aquatic Animals & Others), by Types (Phytase, Protease & Non-starch Polysaccharides enzymes) & by Geography -Global Trends & Forecasts to 2019 is another August 2014 research report of 229 pages. The report includes the market size in terms of both value ($million) and volume (KT). The feed enzymes market is segmented on the basis of type, livestock, and geography. The feed enzymes market by type includes phytase, protease, and NSP. The feed enzymes market by livestock includes swine, poultry, ruminant, aqua, and others. The market has also been segmented by geography which includes regions such as North America, Europe, Asia-Pacific, Rest of the World (RoW), and the key countries o maintain a competitive edge in the feed enzymes market, the key players invest heavily in the development of new innovative products. The key players of the market were observed to prefer acquisitions, new product developments, collaborations, and expansions as strategies to garner a larger share in the market. Key players such as ABF PLC (U.K.), BASF SE (Germany), and Alltech Inc (U.S.) have been profiled in the report. The report provides a complete analysis of key companies and a chronology of developments with respect to new products/technologies and their applications. It also analyzes the market dynamics, winning imperatives, and issues faced by leading players. Read more at http://www.reportsnreports.com/reports/247368-feed-enzyme-market-by-type-phytase-protease-nsp-sub-type-xylanase-cellulase-pectinase-a-glucanase-mannase-application-swine-poultry-ruminant-aqua-feed-others-global-trends-forecasts-to-2018.html .
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