HOME › Press Releases › Aquafeed Market worth 168.23 Billion USD by 2021
Aquafeed Market worth 168.23 Billion USD by 2021
The report "Aquafeed Market by Ingredients (Corn, Soybean, Fishmeal, Fish Oil, Additives, & Others), Aquatic Animal Type (Carp, Shrimp, Crustaceans, Mollusks, & Others), Fishmeal & Fish Oil End Use, & by Region - Global Trends & Forecasts to 2021", The aquafeed market is estimated to be valued at USD 90.96 Billion in 2015. It is projected to grow at a CAGR of 10.8% from 2016 to 2021 and reach USD 168.23 Billion by 2021.
Browse 89 market data Tables and 59 Figures spread through 178 Pages and in-depth TOC on "Aquafeed Market by Ingredients (Corn, Soybean, Fishmeal, Fish Oil, Additives, & Others), Aquatic Animal Type (Carp, Shrimp, Crustaceans, Mollusks, & Others), Fishmeal & Fish Oil End Use, & by Region - Global Trends & Forecasts to 2021"
Early buyers will receive 10% customization on reports.
The aquafeed market is projected to grow at a CAGR of 10.8% from 2016 to 2021. The major types of aquafeed ingredients derived from corn, soybean, fish meal, fish oil, and additives have been in demand owing to the growing demand for advanced aquafeed products and a shift in consumer’s preference to healthier and nutritive premium sea-food products, especially for carps and crustaceans aquatic type animals. The market demand for mixed aquafeed varieties has also experienced higher than average growth, as they combine the useful characteristics of nourishment & sustainability. Hence, aquafeed will be viewed as a business opportunity in the next five years.
Carp and crustaceans aquatic animal types to dominate the aquafeed market
Carps and crustaceans have been projected to lead the market in terms of value and volume and are projected to grow at comparatively higher CAGRs than most aquafeed products for other aquatic animal types. Large and medium-sized players have adopted new product development strategy for carp and crustacean aquafeed products to expand their businesses, globally, by investing in the development of the R&D sector to create and launch various new innovative products of this segment in the market.
Soybean: The most utilized ingredient of aquafeed product globally
The soybean ingredient accounted for the largest share in the aquafeed market by ingredients in terms of value and volume in the year 2015. However, the corn ingredient of is projected to grow at a comparatively higher CAGR due to its consumption as a plant protein source in the replacement for expensive fishmeal and fish oil ingredients in aquafeed production.
Asia-Pacific accounted for the largest market share due to increased demand for premium sea food
Countries in the Asia-Pacific and Latin American regions are thriving in terms of growing contribution of the aquaculture toward the GDP with high levels of product development and marketing. The rising population levels have also created the demand for nutritious and healthy aquaculture foods, globally. Increasing per capita disposable income in these regions is another driver for the increased consumption of high-quality sea-food products, parallely boosting the aquafeed industry.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Cargill Inc. (U.S.), Nutreco N.V. (The Netherlands), BioMar Group A/S (Denmark), Ridley Corporation (Australia), Alltech Inc. (U.S.), Nutriad-Ad International N.V. (Belgium), Aller Aqua A/S (Denmark), and BIOMIN Holding GmbH (Austria).
The report covers aquafeed aquatic animal types such as carp, shrimp, crustaceans, mollusks, and others and ingredients like corn, maize, rice, soybean, and additives in terms of value & volume. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global aquafeed market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India