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Aquafeed Market Analysis Report, Share, Growth, Trend, and Forecast, 2024

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Aquafeed Market size was over 46 million tons in 2015, and is forecast to grow at more than 11% CAGR up to 2023. Get more details @ – PowerPoint PPT presentation

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Title: Aquafeed Market Analysis Report, Share, Growth, Trend, and Forecast, 2024


1
Global Aquafeed Market size to cross 185bn by
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Aquafeed Market
  • The increasing global population base, which has
    already crossed the 7 billion mark is leading to
    scarcity of resources. Health constraints are one
    of the major issues, arising by this tight
    imbalance of supply/demand of these essential
    resources. However, people in this
    technologically advanced era are well-aware and
    informed about their health and the nutrition
    their body demands. This rising awareness and
    health consciousness among the people has led to
    a high demand for fish consumption globally.
  • Fishes are a rich source of protein and omega-3
    fatty acid, which enables the body to be
    resistant against diseases such as cardiovascular
    disorders, diabetes, obesity, etc. The intake of
    fishes demands for their healthiness as well,
    which is fostering the growth of aquafeed market
    worldwide. As per Global Market Insights, Inc.,
    the global aquafeed market is anticipated to
    surpass a revenue of USD 185 billion by 2023.

3
Continued...
  • The human fish consumption accounted for nearly
    138 million tons in 2015, and is estimated to
    surpass 205 million tons by 2023, which in turn
    will stimulate the demand for aquafeed market.
    Moreover, surging demand from the pharmaceutical
    industries for the fish oil will also drive the
    industry growth over the coming years. The
    aquaculture additives market is also witnessing
    high growth, with CAGR estimations of 4 over
    2016-2023. These additives are added to the fish
    food to enhance its nutritional value, thereby,
    ensuring sound health of the aquatic animals.
    These additives are mostly added in the form of
    Antibiotics, Amino Acids, Feed Acidifiers, and
    Vitamins.

4
North America Aquafeed Market Size, By End-use,
2012-2023 (Kilo Tons)

5

Browse Full Market Research Report On Aquafeed
Market _at_ https//goo.gl/akvPS9 Request for a
Sample of this Research Report _at_ https//www.gmins
ights.com/request-sample/detail/495
6
360 Analysis
  • Application Trends
  • Carps dominated the global aquafeed market and
    was valued at over USD 21.5 billion in
    2015.Increasing importance in food beverage
    industry due to reducing cholesterol levels
    properties should increase farming activities
    meant for carps. Carps penetration is increasing
    in rice paddies for feeding insects to improve
    agricultural yield.
  • Regional Trends
  • APAC aquafeed market size was the dominant
    regional industry and was valued at over USD 49
    billion in 2015. Aquaculture production expansion
    in China accompanied by growth in salmon farming
    due to easy farming techniques, species hardiness
    and ability to grow within land based farm
    systems should promote aquafeed market size
    growth.
  • Competitive Market Share
  • Global aquafeed market share is moderately
    fragmented due to presence of numerous
    participants presence. Biomar,Alltech, Addcon,
    Aller Aqua, Ridley,Dibaq Aquaculture, Cargill
    Inc, and Biomin are the key industry players.


7
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