HOME › Research Insight › The Key Market Players Have Adopted Strategies Such as Investments & Expansions, Agreements, Partnerships, Joint Ventures, & Collaboration, Acquisition, and New Product Launches
The Key Market Players Have Adopted Strategies Such as Investments & Expansions, Agreements, Partnerships, Joint Ventures, & Collaboration, Acquisition, and New Product Launches
Key players identified in the aquafeed market such as Cargill Inc. (U.S.), Nutreco N.V. (The Netherlands), BioMar Group A/S (Denmark), Ridley Corporation (Australia), and Alltech Inc. (U.S.) have been profiled in the report. Other players such as Nutriad-Ad International N.V. (Belgium), Aller Aqua A/S (Denmark), and BIOMIN Holding GmbH (Austria) also have a strong presence in the global market.
The key market players have adopted strategies such as investments & expansions, agreements, partnerships, joint ventures, & collaboration, acquisition, and new product launches, for business operations to meet the growing demand for customized aquafeed products. Leading players are focusing on strengthening their strategic positions by implementing the investment & expansion strategy to grow its presence and customer base worldwide. The new product development strategy was also adopted to discover new hi-tech equipment and offer diversified product portfolios for application in high value industries.
The core strengths of the key players in this market are their ability to develop novel aquafeed varieties combining the properties of various raw materials and maintaining widespread distribution networks. They are strategically located and have entered into distribution agreements with regional players to ensure a cost-effective efficient supply chain. Market leaders such as Cargill Inc. (U.S.), Nutreco N.V. (The Netherlands), BioMar Group A/S (Denmark), Ridley Corporation (Australia), and Alltech Inc. (U.S.) have successfully tapped the changing demand scenario in emerging markets through investments & expansions.
In January 2016, Cargill Inc. established a new Technology Application Center (TAC) in Yakapınar, Izmir (Turkey), for USD 2 million to help dairy and animal feed customers in the Middle East, Turkey, and Africa leverage and apply the best possible feed technologies to grow their businesses. This new TAC enabled Cargill Animal Nutrition R&D and applications teams to evaluate and test Cargill global technology under local conditions, such as heat stress. Ultimately, TACs allowed to more quickly deliver new products and services in the region.
In February 2016, Nutreco N.V.s subsidiary Skretting Zambia Holding N.V. (Zambia) signed a 75/25 joint venture with African Century Foods (ACF), Mauritius, for the production, sale, and distribution of tilapia feed products. The new plant will be located at Siavonga, Lake Kariba, with an initial capacity of 25,000 tons of extruded fish feed. A substantial part of the capacity will be used to supply the Zambian and Zimbabwean tilapia farms of joint venture partner ACF, which is Africas largest fish producer with tilapia farms in Zambia, Zimbabwe, and Uganda.
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
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