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(MoneyNewsWire.Net, February 13, 2018 ) According to a new market research report " Commercial Aqua Feed Market By End User (Fish, Molluscs And Crustaceans), By Ingredient (Soybean, Corn, Fish Meal, Fish Oil And Additives), By Additive (Antibiotics, Vitamins, Anti-Oxidants, Amino Acids, Feed Enzymes And Feed Acidifiers), And By Region - Global Industry Analysis, Size, Share, Growth, Trends And Forecasts (2016–2021)", published by MarketDataForecast™, the market is expected to reach USD 166.15 Billion by 2021 from USD 110.5 Billion in 2016, at a CAGR of 8.5%. Factors driving the growth of this market include population growth, rising disposable income, and rapid urbanization, and is facilitated by the strong expansion of fish production and more efficient distribution channels.
Browse Market Data Tables and Figures spread through 160 Pages and in-depth TOC on "Commercial Aqua Feed Market"
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Fish and Molluscs are commanding the largest market share in 2016
By End User, the commercial aquafeed Market is classified into Fish, Molluscs and Crustaceans. Due to the increase in demand for protein rich healthy food products and increase in income levels have led to the rise in demand for fish and molluscs. Due to the rise in demand for seafood which is protein rich resulted in the rise of aquaculture in order to sustain the demand of seafood for growing population.
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The Fish Oil segment dominated the market in the year 2016
By ingredient, the market is segmented into Soybean, Corn, Fish Meal, Fish Oil and Additives. Fish oil segment commanded the market in the year 2016. Increase in the awareness of cardio – care resulted in the increase of fish oil in many countries.
Amino Acids is likely to command the largest share of the market during the forecast period
On the basis of additives, the Commercial Aqua Feed Market is categorized into Antibiotics, Vitamins, Anti-Oxidants, Amino Acids, Feed Enzymes and Feed Acidifiers. Amino acids dominated the market in the year 2016 since, amino acids are a major components of proteins and animals need a continuous supply of proteins in their diet and amino acids are extensively used in aquafeed additives.
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Europe is estimated to command the largest share of the market
Based on region, the Commercial Aqua Feed Market is segmented into North America, Europe, Asia, and Rest of the World (RoW). Europe is expected to dominate the Commercial Aqua Feed Market in 2016. This growth is due to the increase in aquaculture productions and rise in seafood consumption globally.
Key players in the Commercial Aqua Feed Market include Archer Daniels Midland Company, Cargill, Avanti Feeds Ltd., Purina Animal Nutrition LLC, Alltech, Biostadt India Limited, Ridley Corporation Limited, Nutreco N.V, Norel Animal Nutrition and Biomar.
The scope of the report provides:
· The evaluation of the current market for your product or services and the future implications of the market
· Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
· Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
· Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
· The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
· The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
· Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
· Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
Browse Related Reports
Feed Additives Market by Type (Antibiotics, Antioxidants, Amino Acids, Enzymes, Vitamins, Mycotoxin Detoxifiers, Prebiotics, Acidifiers, Probiotics, Feed Pigments, Feed Binders, Flavours and Sweeteners, Feed Minerals), by Livestock (poultry, cattle, swine, aquatic animals), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021).
https://www.marketdataforecast.com/market-reports/global-feed-additives-market-316/
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