Aquafeed Market| Magnificent Expansion $200 Bn By 2024 | Assert Global Market Insight - PowerPoint PPT Presentation

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Aquafeed Market| Magnificent Expansion $200 Bn By 2024 | Assert Global Market Insight

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Aquafeed Market size was over USD 80 billion in 2016 the industry expects consumption above 115 million tons by 2024. – PowerPoint PPT presentation

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Title: Aquafeed Market| Magnificent Expansion $200 Bn By 2024 | Assert Global Market Insight


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Aquafeed Market to witness growth of 200 Bn By
2024 Global Market Insights Inc.
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Key Insights from Aquafeed Market
  • Aquafeed Aquaculture Additives Market size is
    set to surpass USD 200 billion by 2024.
  • Growth in fish consumption and growing seafood
    industry should stimulate aquafeed aquaculture
    additives market size. Fish and other aquatic
    animals are playing a key role mainly in the
    China, India, Thailand, and Malaysia owing to
    broad range of fishery resources in both
    freshwater and marine, resulting into increased
    product demand.
  • Asia Pacific led by China, India, Japan and South
    Korea aquafeed market size may be valued at over
    USD 125 billion by 2024. Increase in seafood
    consumption in India and China along with shift
    in consumer preference towards healthy and
    convenient diet has accounted for rise in
    aquaculture output.
  • Rising government initiatives for environmental
    and social change along with growing importance
    in carps business should propel industry growth
    in Asia Pacific region.

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Continued...
  • Aquaculture additive market from amino acid is
    likely to reach over USD 400 million at the end
    of 2024. Manufacturers are using amino acids in
    aquatic feed as they can potentially reduce
    nitrogen excretion. Increase in consumption of
    seafood along with shift in traditional aquatic
    feeding ways to commercial feeding techniques
    should enhance product demand.
  • North America, with significant gains in the U.S.
    aquaculture additives market size should witness
    gains close to 4 in sales during the projected
    timeline. Rise in imported fish and fishery
    products joined with growing demand for tilapia
    and catfish feed in this region has resulted in
    regional aquaculture industry expansion.
  • Cargill, Alltech, Ridley Corporation, Norel
    Animal Nutrition, Aller Aqua A/S, Beneo
    Ingredients GmbH, BASF, DSM, ADDCON, Novus
    International and Evonik Industries are the
    prominent industry participants in aquafeed
    aquaculture additive market.

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Europe Aquafeed Market Size, By End-Use, 2016
2024, (USDMillion)

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