Global “Aqua Feed Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Aqua Feed in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Aqua Feed Market report categorizes the market based on manufacturers, regions, type, and application. Aqua Feed Market reports offer a detailed assessment of the Aqua Feed including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Aqua Feed market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Increasing Demand for Fish and Fish- Based Products is expected to drive the Aqua Feed Market
With the globally increasing demand for fish and fish-based products, the compound feed demand in the aquatic animal food industry is also expected to increase. The growth is particularly high in emerging countries, such as China, India, and Brazil, owing to the increasing income levels due to expanding the middle class and increasing demand for seafood in these countries. The Asia-Pacific market, though accounts for a significant share in the overall market, is relatively unexplored, owing to the low level of organizing in the industry.
The worlds aquafeed business is highly fragmented, and global players, like Cargill compete with a lot of regional feed producers. Around 35% of the aquafeed market is divided among four global companies, none of which has more than a 12% market share.
Asia-Pacific Region is the Largest Market for Aqua Feed
The aquaculture business is centered in Asia, particularly, in China. The region accounts for more than one-third of the world aquaculture production, by volume. China alone comprised more than 50% of the global fish production. Besides China, the region is also home to major producers, such as India, Vietnam, and Thailand. The aquafeed industry in this region is driven by factors, such as increasing fish consumption and growth in the processed seafood industry, owing to rise in middle-class incomes in developing countries.
Increasing Costs of Raw Material is expected to weigh on the Growth of the Market
The demand for high-quality aqua feed from the industry, owing to growth in the aquaculture industry, has elicited the increase in consumption of compound feed and feed additives. The feed availability has become a critical issue for the aquafeed industry. With the growing global population and a corresponding rise in a food shortage, the industry is facing severe pressure in procuring raw feed, such as fish meal and fish oil, which are very crucial for manufacturing aqua feed and the growth of the aquaculture industry. Feed acids, antioxidants, and vitamins are mainly extracted from natural sources, such as seeds, tree barks, and plant leaves. The rising costs of extraction from these sources, coupled with stringent regulations over waste biomaterials and wastewater treatment, have a limiting effect on the global market. Oceans are tapped out, and the environmental regulations surrounding the wild, marine or inland fisheries has made it difficult to procure raw materials, such as fish meal and fish oil for feed. Prices are expected to soar owing to increasing demand, and adversely affect the aquafeed market. Regulatory issues are the biggest constraints for the feed industry.
Stringent Regulations in Developed Countries is Expected to Restrain the Market Growth
The animal feed production comes under feedstuff regulations in most countries. The regulatory framework is getting increasingly strict, such as the ones in 2006 in European Union and in 2009 in US, where, the ban on the use of antibiotics, as growth promoters in animals, was seen. Many countries, including China, Thailand, and Vietnam that export fish to Europe and US do not have such regulations against antibiotics or animal proteins usage in animals or feeds. Such disparities in regulations have adverse effects on the global fish and aqua feed trade, especially between developed and developing economies. The feed and feed additive producers are required to follow strict regulations related to regional and national health and safety, for gaining product approval in the developed nations. These regulations ultimately affect the cost of the final product. Such regulatory initiatives are posing challenges for existing feed products, and increasing the price of new feed development.
Major Players: NUTRIAD INTERNATIONAL NV, BIOMAR A/S, ALLTECH INC., CARGILL INCORPORATED, ARCHER DANIELS MIDLAND CO. AND ALLER AQUA A/S amongst others.
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The global Aqua Feed market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Aqua Feed Market Report covers the Top Key-players in 2021:-
- Alltech Inc.
- Aller Aqua A/S
- Biomar A/S
- Cargill Incorporated
- Nutreco N.V.
- Ridley Corporation
- Archer Daniels Midland Co.
- Hanpel Tech Co. LTD
- Nutriad International
Highlighted points of Aqua Feed Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Aqua Feed Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Aqua Feed? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Aqua Feed Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Aqua Feed Market? What Was Capacity, Production Value, Cost and PROFIT of Aqua Feed Market?
- What Is Current Market Status of Aqua Feed Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Aqua Feed Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Aqua Feed Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Aqua Feed Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Aqua Feed Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Aqua Feed Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Aqua Feed Industry?
Key Developments in the Aqua Feed Market:
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Finally, the report Global Aqua Feed Market 2021 describes the Aqua Feed industry expansion game plan, the Aqua Feed industry knowledge supply, appendix, analysis findings, and the conclusion.
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