AquaFeed Market worth $123,990.3 Million by 2019

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MarketsandMarkets Presents
AquaFeed Market worth 123,990.3 Million by 2019

http//www.marketsandmarkets.com/Market-Reports/aq
uafeeds-market-1151.html
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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//w
ww.marketsandmarkets.com/Market-Reports/aquafeeds-
market-1151.html
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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 (Penaeus vannamei, Penaeus
chinensis, and Penaeus monodon). http//www.marke
tsandmarkets.com/Market-Reports/aquafeeds-market-1
151.html
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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.marketsandma
rkets.com/Market-Reports/aquafeeds-market-1151.htm
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uafeeds-market-1151.html
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