According to a new market report by Lucintel, the future of the aquafeed market looks promising with opportunities in marine fish farming industry. The aquafeed market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing incidence of food borne illness, rising concern for food safety and quality, drifting inclination towards aquaculture growth, and growing demand for sea food across the globe..
In this market, pellets, extruded products, powdered products, and liquid products are the major product form. Pellets are the largest product form. Within the aquafeed market, soybean, corn, fish meal, fish oil, and additives are the major ingredient used to production of aqua feed.
Asia Pacific will remain the largest market over the forecast period due to growth in consumption of sea food and increasing urbanization.
Cargill, Alltech, Ridley Corporation Ltd., Nutreco N.V, Avanti Feeds Ltd., Aller Aqua A/S, BioMar, BIOMIN Holding GmbH, Norel Animal Nutrition, De Heus Animal Nutrition, and Dibaq a.s. are among the major manufacturers of aquafeed.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the aquafeed market by product form, ingredient, additive, species, and region. Lucintel has prepared a comprehensive research report entitled " Aquafeed Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the aquafeed market by product form, ingredient, additive, species, and region as follows:
By Product Form [$M shipment analysis for 2013 – 2024]:
• Extruded Products
• Powdered Products
• Liquid Products
By Ingredient [$M shipment analysis for 2013 – 2024]:
• Fish Meal
• Fish Oil
By Additive [$M shipment analysis for 2013 – 2024]:
• Amino Acids
• Feed Enzymes
• Feed Acidifiers
By Species [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
• North America
o South Korea
o Middle East & Africa
o South America
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …[email protected]
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1.What are some of the most promising potential, high-growth opportunities for the aquafeed market by product form( pellets, extruded products, powdered products, and liquid products), additive (antibiotics, vitamins, antioxidants, amino acids, feed enzymes, and feed acidifiers), species (fish, mollusks, and crustaceans), ingredient (soybean, corn, fish meal, fish oil, and additives), and region ( North America, Europe, Asia-Pacific, South America, and RoW)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the aquafeed market?
Q.5.What are the business risks and threats to the aquafeed market?
Q.6.What are the emerging trends in this aquafeed market and the reasons behind them?
Q.7.What are some changing demands of customers in the aquafeed market?
Q.8.What are the new developments in the aquafeed market? Which companies are leading these developments?
Q.9 Who are the major players in the aquafeed market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the aquafeed market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities took place in the last five years in this aquafeed market?