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Client Consult Problem Statement:

MnM’s client was a leading manufacturer of various Aquafeed products and was majorly interested in knowing the current scenario and understanding the various opportunities present in this market in North American region. The client was looking for information related to Aquafeed market by value (USD million) with respect to end consumptions, additives and country level markets in North America, detailed information related to the crucial factors influencing the growth of the market, , competitive landscape for leading manufacturers.

Solution Provided:

1. Methodology Adopted by MnM :

The study involved extensive interviews from the Primary respondents from the demand side involving the key industry experts for the estimation of the North American Aquafeed market to understand the current scenario. MnM analyzed current & forecast quantitative market information for the market sizing and forecasted the growth of the Aquafeed product market. For understanding the demand of Aquafeed in key application areas in all the specified countries data was gathered from the secondary as well as primary sources to understand the current trends and processes involved.

2. Actual Solution Provided:

• Estimation of Aquafeed market size and forecast (for next 5 years)
• Country-wise analysis for major North American countries
• Identification of potential countries by ranking them using various socio-economic parameters
• Analysis of contribution by public and private sector for each country
• Analyzing various macro and micro factors impacting market growth
• Business insights to formulate optimum strategy to grab market opportunity in potential countries

Value Delivered:

After the detailed outcome of the study, MnM provided the strategies on Market sizing (Volume analysis) which assisted them in working on untapped market by the current players and gain an access to the across newer growth opportunities in existing market. MnM’s strategies helped the client in its business expansion and revenue growth with collaborations with new partners in countries across North America.

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