DUBLIN--(BUSINESS WIRE)--The "Global Fish, Fish Feed, Fish Feed Additives, Shrimp, Shrimp Feed, and Shrimp Feed Additives Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
- The fish feed and shrimp feed market was valued at USD 36,159.27 million in 2018, and it is expected to reach USD 54,042.05 million by 2024, registering a CAGR of 5.88%, during the forecast period (2019-2024).
- The fish feed additives market was valued at USD 754.66 million in 2018, and it is expected to reach USD 1,209.04 million by 2024, registering a CAGR of 8.28%, during the forecast period (2019-2024).
- The shrimp feed additives market was valued at USD 66.3 million in 2018, and it is estimated to reach USD 103.52 million by 2024, registering a CAGR of 7.8%, during the forecast period (2019-2024).
Key Market Trends
The Growth of Aquaculture Industry Driving the Feed and Additives Market
The aquaculture industry is driven by factors, such as increasing fish consumption across the world and growth in processed seafood due to an increase in the income of the middle-class population in the developing countries. Demand for high-quality aqua feed from the industry, owing to the growth in the aquaculture industry, has led to increased demand for compound feed and feed additives.
Asia-Pacific Leads the Global Market
With 51% share of the global market, Asia-Pacific is the leader of the fish, fish feed, fish feed additives, shrimp, shrimp feed, shrimp feed additives market. Asia-Pacific registered a market value of USD 19,296.44 million in 2018, and it is expected to reach USD 28,252.89 million by 2024, at a CAGR of 6.77% during the forecast period.
The global fish and shrimp feed market is highly fragmented, consisting small to medium feed and feed additive manufacturers, along with few notable players, like Biomar, Cargill, and Aller Aqua. Biomar being a leading supplier involved in larval, fry diets, grower diets, and functional feeds has strong sales in China, the world's largest aquaculture market.
The health benefits, owing to seafood consumption, and the growing awareness of the meat quality have created demand for feed additives that help in the overall growth of the fish and shrimp at all stages.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Feed Market by Animal Type (includes Ingredients, like Cereals, Fishmeal and Fish Oil, Oil Seeds and Derivatives, Molasses, Supplements, and Ingredients)
5.2.1 North America
5.2.3 South America
5.2.4 Middle East & Africa
5.3 Fish Feed Additives Market by Additive Type
5.3.3 Amino Acids
5.4 Shrimp Feed Additives Market by Additive Type
5.4.3 Amino Acids
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Alltech Inc.
6.3.2 Aller Aqua AS
6.3.3 Biomar AS
6.3.4 Biomin GmbH
6.3.5 Cargill Incorporated
6.3.6 Nutreco N.V.
6.3.7 Ridley Corporation
6.3.8 Archer Daniels Midland Co.
6.3.9 BASF SE
6.3.10 Nutriad International
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/lle191