$172.56 Billion Aquafeed Market 2017 by End User, Ingredient, Additive, and Region - Global Forecast to 2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Aquafeed Market by End User, Ingredient, Additive, and Region - Global Forecast to 2022" report to their offering.

The global aquafeed market is projected to reach a value of USD 172.56 billion by 2022, growing at a CAGR of 9.9% from 2017 to 2022.

The market is driven by factors such as limited availability of marine feed resources and the increasing global demand for quality fish. Moreover, the demand for aquaculture is increasing in export markets, which influences the supply of improved aquafeed for aquatic animal production. However, factors such as rising prices of ingredients used in aquafeed and environmental factors are restraining the growth of the aquafeed market.

On the basis of end user, the fish segment dominated the aquafeed market in 2016. Fish farming is increasingly used to fill the gap between the demand and supply. The increase in fish farming activities and aquaculture has led to an increased demand for fish feed.

On the basis of additives, amino acids were most widely consumed feed additives of aquafeed that provide the required nutrients to overcome dietary deficiencies in aquatic animals.

Asia-Pacific led the aquafeed market with the largest market share in 2016. The Asia-Pacific market experiences the maximum consumption of aquafeed due to factors such as the rapid development of aquaculture in the country, expanding middle-class population, and the rising consumption of fish & shrimps.

Market Dynamics

Drivers

  • Growing Seafood Trade
  • Growing Aquaculture Industry
  • Increasing Fish Farming Trend

Restraints

  • Price Volatility of Raw Materials

Opportunities

  • Increasing Government Initiatives to Support Aquaculture

Challenges

  • Harmful Impact on the Environment
  • Food Safety Concerns

Companies Mentioned

  • Addcon Gmbh (Germany)
  • Aller Aqua A/S (Denmark)
  • Alltech (U.S.)
  • Archer Daniels Midland Company (U.S.)
  • Avanti Feeds Limited (India)
  • Beneo (Germany)
  • Biomar (Denmark)
  • Biomin Holding Gmbh (Austria)
  • Biostadt India Ltd (India)
  • Cargill (U.S.)
  • Cermaq Group as (Norway)
  • De Heus Animal Nutrition (Brazil)
  • Dibaq A.S. (Spain)
  • Evonik Industries AG (Germany)
  • Ewos (Germany)
  • Invivo Nsa (France)
  • Koninklijke Dsm N.V. (Netherlands)
  • Marvesa (Netherlands)
  • Mekong Aquafeed Co. Ltd. (Vietnam)
  • Nk Ingredients Pte Ltd. (Singapore)
  • Norel Animal Nutrition (Spain)
  • Nutreco N.V. (Netherlands)
  • Nutriad (Belgium)
  • Purina Animal Nutrition (U.S.)
  • Ridley Corporation Ltd (Australia)

For more information about this report visit http://www.researchandmarkets.com/research/vlhxv6/aquafeed_market

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Animal Feedstuffs, Aquaculture

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Animal Feedstuffs, Aquaculture