AquaFeed Market worth $123,990.3 M by 2019, According to a New Study on ASDReports

Monday 29 September 2014, Amsterdam

The Report, now available on ASDReports, "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" 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 has grown exponentially in the last decade and this growth is expected to continue. Factors such as increasing consumption of seafood and growth in the aquaculture industry are propelling the market for the aquafeed industry, globally. The expanding middle class population, especially in developing nations, and their increasing income are expected to maintain this growth of the aquaculture industry in the long term. Asia-Pacific contributes to around 90% of the global aquaculture production. The main producers are China, India, Vietnam, Philippines, and Japan. China is the largest market for fish in Asia-Pacific region, which is driving the demand for aquafeed particularly in this region. Scientific evidence may help the aquafeed sector gain considerable market share in the future. This would be possible by increasing the investments in R&D and cost management, coupled with information flow for the nutrient requirements of fish.

Aquafeed Market By End Consumption (Fish, Crustaceans, Mollusks, Others), By Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Others) & Geography - Trends & Forecasts To 2019 defines and segments the aquafeed market with an analysis and forecasting of the global values for the market. It also identifies the driving and restraining factors with an analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and the value is forecasted on the basis of major regions, namely North America, Europe, Asia-Pacific, and Rest of the World (RoW).

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 (aquafeeds) 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.

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.