Aquafeed can be segmented by Companies, Geographies, Ingredients and Submarkets. Companies of Aquafeed are Aci Godrej Agrovet Private Ltd , Alltech Inc. , Aller Aqua A/S , Beneo - Animal Nutrition (BAN) , Biomar A/S , Biomin Gmbh , Coppens International Bv , Dibaq Acuiculture , Geelen Counterflow , Hanpel Tech Co. Ltd , Nk Chemicals Pte Ltd , Norel Animal Nutrition , Nutriad International NV , CPF Aquaculture Business, Ewos Fish feed, Nutreco Fish Feed, RC Agri-Products, AFL Shrimp Feed, Zeigler Bros, Others, Tongwei Group, Unipresident, Gold Coin Holdings, Archer Daniels Midland Company, BASF SE , Royal DSM NV, Evonik Industries, Novozymes A/S and Cargill Animal feed and Nutrition. Geographies of Aquafeed are North America, Europe, Asia, ROW and Latin America. Ingredients of Aquafeed are Feed Additives. Submarkets of Aquafeed are Fishes feed, Crustaceans Feed, Molluscs Feed and Others feed.
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North America Aquafeed Market:
The aquafeed industry in North America is expected to grow in all countries of this region, and has especially been witnessing major growth in the U.S. Producers are investing in research and development to develop effective and nutritious feed at cheaper costs. The aquafeed market is dominated by the U.S., which captured a maximum market share of around 63% in 2013, in terms of value. Increased awareness about nutrition among people is increasing the demand for aquaculture in the market.
Seafood, especially fish, which contains a low amount of fat, cholesterol, and carbohydrates, is preferred by consumers who have become very health conscious. As per the FAO, the worlds per capita fish consumption increased from an average 14.4 kilograms in the 1990s to 18.6 kilograms in 2010. Thus, fast growth in the demand for aquaculture is raising the demand for aquafeed in the North American market.
Europe Aquafeed Market:
The aquaculture industry in Europe is dependent on the use of complex commercial aquafeed. Atlantic salmon, rainbow trout, seabass, and seabream are the most cultured species in European aquaculture. Salmon accounts for around 50% of the European finfish production. Development in the aquafeed industry is largely dependent on the development of salmon and rainbow trout. Countries such as Norway, Scotland, Greece, and Spain are major producers of these species. Thus, growth in the aquafeed industry is parallel to the development of the aquaculture industry. Another factor responsible for the growth of the aquafeed industry is the availability of raw material. Europe has rich source of resources such as plant-based protein, fish meal & fish oil, and also water bodies.
Asia-Pacific Aquafeed Market:
The business prospects of aquafeed in the Asia-Pacific region are strong and optimistic. For example, tilapia farming is becoming the most preferred type of farming in aquaculture. China is one of the major countries in the world aquaculture system, and also a leading producer of aquafeed. The annual aquafeed production in China accounts for around 45% to 50% of the world’s production. A major challenge faced by the Chinese aquafeed industry is the huge demand of ingredients for its production. The aquafeed market in Vietnam is well developed, while Indonesia has ambitious plans to grow in the aquaculture industry. Thailand also has a well-established aquaculture industry, with around 160 registered aquafeed manufacturers.
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