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 2021embed
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. View Full Report: http://www.marketdataforecast.com/market-reports/aquaticfeed-market-3731/ 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. Request for Sample Brochure: http://www.marketdataforecast.com/marketreports/aquatic-feed-market-3731/request-sample 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. Inquire Before Buying: http://www.marketdataforecast.com/market- reports/aquatic-feed-market-3731/inquire 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. About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions. Contact: Abhishek Shukla Sales Manager (International Business Development) Market Data Forecast Direct Line: +1-888-702-9626 Mobile: +91 998 555 0206 Mail: [email protected] Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/ View latest Press Releases of MDF @ http://www.marketdataforecast.com/pressreleases