Articles
Aquafeed Market Size, Share, Growth, Trends and Forecast Report, 2022
by Susan Hill Business ConsultantThe global aquafeed market size is anticipated to reach USD
133.1 billion by 2022, according to a new study by Grand View Research, Inc.
Growing usage of aquafeed in crustacean and carp farming is likely to fuel
demand over the course of the forecast period. Static natural production of
fishes is expected to boost an already thriving market for aquaculture.
Moreover, rising focus on nutraceuticals, such as omega 3-enriched products, is
slated to generate immense opportunities for aquafeed applications.
Prominent aquaculture additives include amino acids
and antibiotics. They cannot be synthesized by fish but are vital for regular
body mechanism. Amino acids held the dominant share in terms of product,
amounting to an estimated revenue of USD 236.0 million in 2013. Feed acidifiers
are poised to exhibit the highest growth rate during the forecast period, recording
a CAGR of 6.1% from 2014 to 2022.
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Sample Copy of the Global Aquafeed Market Research Report @
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Further key findings from the report suggest:
- The global aquafeed demand was 37.60 million tons in 2013 and is
expected to reach 77.93 million tons by 2022, growing at a CAGR of 11%
from 2014 to 2022.
- Carps were the largest consumers of aquafeed, at 9.70 million tons of
global market in 2013. The segment is also expected to witness fastest
growth at an estimated CAGR of 11.2% from 2014 to 2022. Carps are rich in
omega-3 fatty acids and offer high sources of protein that are low in fat.
The growing consumer awareness regarding omega
3 health benefits is expected to drive demand for carps in turn
augmenting demand for aquafeed.
- Mollusks and Crustaceans were the other large application segments
for the aquafeed market together accounting for 33% of the global market
in 2013. Crustaceans such as lobsters, shrimps and crabs and mollusks such
as oysters are increasing being used as exotic food products and improving
economic conditions in parts of Asia Pacific is expected to further the
demand for aquafeed over the forecast period.
- Asia Pacific was the most dominant regional market accounting for
65% of global consumption in 2013. The presence of vast aquaculture
industry particularly in China is expected to enhance the demand for
aquafeed in the region over the next six years.
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full research report on global aquafeed market:
www.grandviewresearch.com/industry-analysis/aquafeed-and-aquaculture-additive-market
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About Susan Hill 
Business Consultant
145 connections, 2 recommendations, 567 honor points.Joined APSense since, September 25th, 2017, From California, United States.
Created on Nov 4th 2019 04:32. Viewed 506 times.
