HOME Research Insight Nutreco N.V (Netherlands) and Ridley Corporation Ltd. (Australia) are the the Active Players in the Aquafeed Market

Nutreco N.V (Netherlands) and Ridley Corporation Ltd. (Australia) are the the Active Players in the Aquafeed Market

The key players identified in the global aquafeed market include Archer Daniels Midland Company (U.S.), Ridley Corporation Ltd. (Australia), Nutreco N. V (Netherlands), Cargill (U.S.), and Avanti Feeds Ltd. (India). The market is projected to reach a value of USD 172. 56 Billion by 2022 that is growing at a CAGR of 9.9% from 2017 to 2022. The global aquafeed market is driven due to factors such as population growth, rising incomes, and rapid urbanization, and is facilitated by the strong expansion of fish production and efficient distribution channels. The key market players adopted strategies such as acquisitions, expansions & investments, new product launches, and agreements, partnerships, & joint ventures to expand their market share in the aquafeed market. Leading players focused on strengthening their R&D proficiencies by signing agreements with other companies, to develop innovative aquafeed products.

The global players have established large distribution networks across the world and follow extensive cross-selling marketing strategies. Market leaders such as Archer Daniels Midland Company (U.S.), Ridley Corporation Ltd. (Australia) and Cargill (U.S.) have successfully tapped the potential markets through the development of innovative product launches, investments, and expansions. These key companies focused on agreements, partnerships, & joint ventures in the aquafeed industry on a regional as well as global level, to strengthen their position in the aquafeed market. The trend of developing aquafeed has increased due to the increase in fish farming.

Archer Daniels Midland Company (U.S) produces food & beverage ingredients, animal feed & feed ingredients, biofuels, naturally derived alternatives, and industrial chemicals.  It has improved its market by expanding geographically and increasing its product line. The company strategizes to attain high market shares in the animal nutrition segment through strategic decisions such as expansions and new product launches. In November 2016, Archer Daniels Midland Company’s animal nutrition division expanded by building a new feed plant in Quincy, U.S. This expansion helped the company to expand its market share in the aquafeed market.

Another key player, Ridley Corporation Limited (Australia) is one of Australia’s largest providers of high-performance animal nutrition solutions.  The company follows a strategic policy of acquisition for the expansion of its businesses, globally. Similarly, it also focuses on strategic tie-ups with fish farming companies to sustain its position in the aquafeed market. In January 2016, Ridley Corporation Limited invested USD 0.83 million to form a joint venture with Pen Ngern Feedmill Co. (PNFM) (Thailand). This investment helped Ridley to cater the Thai prawn feed market and PNFM received access to Ridley’s Novacq ingredient.

Nutreco N.V (Netherlands) is one of the active players in the aquafeed market. It produces and delivers high-quality sustainable feed from hatching to harvest, for more than 60 species of farmed fish and shrimp. The company possesses world-class competence in the animal nutrition market, which enables it to have substantial growth prospects in Latin America, Russia, Asia, and Africa through a higher value-added portfolio of nutritional solutions. In January 2017, Nutreco N.V entered into an agreement with Hi-Pro Feeds LP (Canada), an animal nutrition supplier. This agreement would help Nutreco acquire Hi-Pro Feeds and expand its market in Western Canada and Southwest U.S.

Related Reports:

Aquafeed Market by End User (Fish, Mollusks, and Crustaceans), Ingredient (Soybean, Corn, Additives, Fish meal, Fish oil), Additive (Antibiotics, Vitamins, Antioxidants, Amino acids, Feed enzymes, Feed Acidifiers), and Region - Global Forecast to 2022

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