Published: Jul, 2018

The global aquafeed market depicts the presence of a highly competitive vendor landscape, owing to the presence of innumerable well-established players, says Transparency Market Research on the basis of a recently published report. Most companies are participating in mergers and acquisitions, strategic partnerships, and collaborations. With new players entering the market on a regular basis, the market is expected to experience an invigorated competitive landscape during the next few years.

Many players are expected to focus on improving aquafeed product manufacturing techniques, thus making an assortment of aquafeed products available to consumers. Making unique commodities is a key area where a high emphasis will be put by most of the players in the global aquafeed market.

Global Aquafeed Market

Cermaq Group AS, Koninklijke DSM N.V., BENEO GmbH, Dibaq Diproteg SA, Ridley Corp. Ltd., Nutreco N.V., Aller Aqua Group A/S, Cargill Inc., and Archer Daniels Midland Co., are key players operating in the global aquafeed market. Owing to innovative production methods introduced, several players are aiming towards increasing product yield and production capacity, as well as regulating product costs.

According to experts from Transparency Market Research, the global aquafeed market is expected to fetch revenue worth US$70.09 bn by the end of 2022, which is a decent increase in its earlier revenue of US$51.12 bn registered in 2017. This growth is projected to occur at an impressive CAGR of 6.50% measured during the forecast period from 2017 to 2022.

Increasing Demand for Keeping Fishes as Pets Boosts Demand for Aquafeed

Growth in the global aquafeed market is largely boosted due to rising awareness about the protein-based health benefits of consuming seafood products. With high-protein rich diets that involve eating aquafeed varieties being followed all over the globe, the global aquafeed market is progressing rapidly to showcase a positive growth curve in the near future.

Several health conscious people need a high intake of proteins in their diets. As aquafeed items provide such nutrients, several health freaks regularly consume these foods, thus causing a rise in their demand. Moreover, people are increasingly keeping fishes in aquariums as pets, thus contributing towards a rise in the need for appropriate aquafeed. This feed needs to be provided to the fishes on a regular basis.

Rapid urbanization and a surge in disposable income with improving lifestyles have led towards people trying out different options for gaining proteins as key nutrients, thus leading to an increase in demand for aquafeed products. Such factors are prophesized to continue propelling the global aquafeed market’s growth in the upcoming years. Growing popularity of aquaculture production in prime economies such as China and India also is a prime factor propelling the market’s growth.

Expensive Production Techniques Stunts Progress in Aquafeed Market

However, strict regulations regarding use of fishes and other sea creatures for aesthetic purposes, as well as for consumption purposes, is greatly hampering the global aquafeed market’s growth. Moreover, processing aquafeed could be expensive, further translating into expensive products for consumers. Nevertheless, many businesses are soon expected to introduce cost-effective aquaculture solutions, thereby attempting to reduce the effects of restraints acting on the market.

The review is based on a report by Transparency Market Research, titled,“Aquafeed Market (Form - Extruded, Pellet, Powder, and Liquid; End User - Fishes and Crustaceans; Function - Health, Digestibility, Palatability, and Special Nutrition; Ingredient - Marine, Land Animals, Veg/Grains, Carotenoids, and Additives) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”

Key Takeaways

  • Rapid urbanization and a surge in disposable income with improving lifestyles have led towards people trying out different options for gaining proteins as key nutrients, thus leading to an increase in demand for aquafeed products.
  • Many players are expected to focus on improving aquafeed product manufacturing techniques, thus making an assortment of aquafeed products available to consumers.

The global aquafeed market is segmented into:

By Form

  • Extruded
  • Pellet
  • Power
  • Liquid

By End User

  • Fishes
  • Crustaceans

By Function

  • Health
  • Digestibility
  • Palatability
  • Special Nutrition

By Ingredients

  • Marine
  • Land Animals
  • Veg/Grains
  • Carotenoids
  • Additives

By Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Nordic
  • Japan
  • APEJ
    • China
    • India
    • Malaysia
    • Thailand
    • Singapore
    • Australia
  • MEA
    • GCC
    • South Africa
    • Nigeria
    • Israel

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

.