Aquafeed Market Research Report, 2022 - Hexa ResearchA Chapter by Markets InsightsRising awareness among breeders regarding the benefits of feed for aquaculture is anticipated to drive aquafeed market over the forecast period.Global
aquafeed market size is anticipated to be valued at USD 165.04 billion
by 2022, as per a new research report by HexaResearch. Increase in fish
consumption for direct and indirect consumer applications is anticipated to
drive the market growth. Increasing awareness regarding feed benefits in
aquaculture among breeders is likely to drive the demand. Rising nutraceuticals
demand such as omega 3 fortified products is expected to drive industry growth.
Global aquafeed additives market is expected to reach USD 1.21 billion by 2022.
Amino acids dominated
aquaculture additives market and accounted for more than 25% of the total
demand in 2014. Increasing demand to maintain proper metabolism and provide
proteins to aquatic animals is likely to drive growth. Feed acidifiers are
likely to witness highest gains with an estimated CAGR of 6.0% from 2015 to
2022. Feed acidifiers demand has been witnessing a growth as it is effective in
controlling diseases including caused by harmful bacteria such as E coli and
Salmonella.
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Details of Report with TOC @ http://www.hexaresearch.com/research-report/aquafeed-market/
Key
report insights suggest:
·
Global aquafeed market size was estimated at
41.62 million tons in 2013 and may reach 96.27 million tons by 2022 growing
with an estimated CAGR of 11.1% from 2015 to 2022. ·
Carps were the dominant end-use consumers in
aquafeed industry and accounted for 28.6% of the total demand in 2014. Carps
are rich source of omega-3 fatty acids which prove to be beneficial in food
& beverage industry to reduce cholesterol level among consumers. Molluscs
are likely to witness higher gains with an estimated CAGR of 11.3% from 2015 to
2022. ·
Asia Pacific dominated the regional aquafeed
market and accounted for 65.2% of the total volume in 2014 and likely to
witness highest growth rates. Predominant aquaculture industry coupled with
government preference to boost aquafeed demand particularly in China, Thailand
and India is likely to drive regional growth. ·
Europe is expected to witness above average
growth rates of 11.2% from 2015 to 2022. Europe aquafeed additives market is
estimated to reach USD 200.9 million by 2022, with feed acidifiers anticipated
to witness maximum gains. ·
Aquafeed industry is fragmented with different
companies having variety of products. Prominent companies involved in this
market are Dibaq Aquaculture, Addcon Group GmbH, Biomar, Ridley and Altech,
Inc.
For the purpose of this
study, HexaResearch has segmented the aquafeed and aquaculture additives market
on the basis of product, application and region:
Global
Aquafeed Application Overview (Volume, Kilo Tons; Revenue, USD Million, 2012 "
2022)
·
Crustaceans ·
Mollusks ·
Carp ·
salmon ·
Catfish ·
Tilapia ·
Others
Global
Aquafeed Regional Overview (Volume, Kilo Tons; Revenue, USD Million, 2012 "
2022) ·
North America ·
Europe ·
Asia Pacific ·
RoW
Global
Aquaculture Additives Product Overview (Revenue, USD Million, 2012 " 2022) ·
Amino Acids ·
Antibiotics ·
Vitamins ·
Feed Acidifiers ·
Others
Global
Aquaculture Additives Regional Overview (Revenue, USD Million, 2012 " 2022) ·
North America ·
Europe ·
Asia Pacific ·
RoW
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Added on December 12, 2016 Last Updated on December 12, 2016 Tags: aquafeed market, aquafeed market size, aquafeed market share, aquafeed market analysis, aquafeed market trends, aquafeed market growth AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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