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Global Aquatic Feed Market was worth USD 98 billion in 2016 and estimated to be growing at a CAGR of 9.9%, to reach USD 157.11 billion by 2021

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A major important part of running a successful commercial aquaculture is the selection of the right manufactured feeds which provide the balanced nutrition required by fish.
Global Aquatic Feed Market was worth USD 98 billion in 2016 and
estimated to be growing at a CAGR of 9.9%, to reach USD 157.11 billion
by 2021
A major important part of running a successful commercial aquaculture is the selection of
the right manufactured feeds which provide the balanced nutrition required by fish. The feed
may be either granular or in the form of pellets and are essential in providing the fish with a
balanced diet within their enclosures where their natural food sources may be absent.
Wheat is being used as a major ingredient in all aquatic feed due to its binding property for
holding the pellets together. As for the carnivorous species of fish such as salmon, trout and
turbot, fishmeal and fish oil are the major components for making the feed. Other key
ingredients in fish feed include vegetable proteins, vitamins, minerals and cereal grains.
Trash fish is also considered as fish feed, wherein fish that is caught is fed directly to larger
species that grow in aquatic pens.
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The major factors affecting the Aquatic Feed market include the rising populations, the rise
in income leading to increased demand for seafood, the rapid urbanization and a strong
expansion of the seafood production industry aided by technological advancements making
for better distribution and storage. The market is also bolstered by the rise in demand for
natural health supplements of which omega-3 fatty acids derived from certain species of fish
is a major component. The soaring prices of materials needed for aquatic feed production is
one of the restraints of the market along with the fact that the industry is profitable only with
large-scale production.
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The Global Aquatic Feed Market is broadly classified by Ingredient into Soybean, Corn,
Fish Meal, Fish Oil, Additives and Others, based on additive type into Antibiotics, Vitamins,
Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and Other Additives, and by End
User into Fish Feed such as Tilapia, Salmon, Carp and Catfish Feed, Molluscs such as
Oyster Feed and Mussel Feed, Crustaceans such as Shrimp Feed and Crab Feed and
Others. Based on geography, the global market is analyzed under various regions namely
North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The
Aquatic Feed Market is dominated by Asia Pacific in 2016 with the region accounting for
almost 60% of the overall market share. North America was next in line followed by Europe.
Asia Pacific is also expected to grow rapidly in the coming years as is evident from the high
CAGR value for the region.
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The Aquatic Feed market is highly competitive with a large number of players. Key market
players dominating the market with their products are Cargill Inc, BioMar group, Waterbase
Ltd, BASF SE, Alltech Inc, Coppen International, Evonik Industries, Archer Daniels Midland
Company, Ridley Corporation, Nutreco NV, Avanti Feeds Ltd and Ewos.
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Author
Bhargav
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