Aqua feed market includes the feed
consumed by fish, crustaceans, and mollusks among others. Fish generally acquire
necessary energy and nutrients from natural foods present in water or from
those supplied by fish farmers or a combination of both whereas mollusks feed
on algae. The feed composition of fishes generally comprises fish meal, fish
oil and soybean meal. Rice, wheat and corn based products are being used lately
as aqua feeds.
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Aqua feed can be segmented on the
basis of end consumption as fish, crustaceans and mollusks among others. Fish
such as carp, tilapia, salmon, and catfish among others are the major segments
in the aqua fish feed market. Crustaceans include crabs and shrimps and
mollusks include mussel and oysters among others. Based on the additives used
in aqua feed, the market can be segmented into antibiotics, antioxidants,
vitamins, amino acids, feed acidifiers, feed enzymes, pellet binders and
colorants.
The aqua feed market is expected to
show exponential growth owing to the ever increasing demand for fish and sea
food among consumers. Furthermore, rapid growth of the aquaculture industry
also contributes to aqua feed market growth. Increasing disposable income in
the hands of the rapidly increasing middle class has led to set up of aquariums
in hotels, offices and houses. On the other hand, higher price of raw materials
and strict regulatory structure is expected to restrict the growth of aqua feed
market.
Europe and Asia Pacific are the
major aqua feed consuming regions followed by North America. Moreover, animal
feed industries are expanding their domains to meet their requirements of
growing aqua feeds market. Aller Aqua, Ridley Corporation Limited, Nutreco
N.V., Norel Animal Nutrition, Dibaq Acuicultura and BioMar Group are amid the
key players of the global aqua feed industry.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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