(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.
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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.
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.
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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).
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