Title: Aquafeed Market| Magnificent Expansion $200 Bn By 2024 | Assert Global Market Insight
1Aquafeed Market to witness growth of 200 Bn By
2024 Global Market Insights Inc.
2Key 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.
3Continued...
- 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.
4Europe Aquafeed Market Size, By End-Use, 2016
2024, (USDMillion)
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