Commercial Aquafeed Market was
worth USD XX.XX billion in 2016 and estimated to be growing at a CAGR of X.XX%,
to reach USD XX.XX billion by 2021.
Manufactured feeds are a
significant part of the modern aquaculture industry. They provide the balanced
nutrition needed by farm fish. The feeds are available in the form of granules
or pellets, and provide the nutrition in a stable and concentrated form,
enabling the fish to feed efficiently and grow up to their full potential.
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Many of the fish brought up in
farms around the world today are carnivorous, such as the Atlantic salmon,
trout, sea bass, and turbot. In the early development of fish feeding which has
hence evolved into the modern aquaculture, fishmeal and fish oil were key
components of the feeds for these species. They are combined with other
ingredients such as vegetable proteins, cereal grains, vitamins and minerals
and made into feed pellets. Wheat, for example, is widely used as it helps to
bind the ingredients in the pellets.
The growth of the caseinate
market is mainly driven by factors such as population growth, rising disposable
income, and rapid urbanization, and is facilitated by the strong expansion of
fish production and more efficient distribution channels. As for the restraints
of the market, large scale storage of the same for farms is still a problem and
the high costs are also turn offs for the market. The industry has to come up
with innovative solutions for these problems in order for the market to grow
freely.
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The Global Commercial Aquafeed
market is broadly classified by End User into Fish, Molluscs and Crustaceans,
and based on Ingredients into Soybean, Corn, Fish Meal, Fish Oil and Additives,
by Additive into Antibiotics, Vitamins, Anti-Oxidants, Amino Acids, Feed
Enzymes and Feed Acidifiers. Based on geography, the global market is analysed
under various regions namely North America, Europe, Asia-Pacific, Latin America
and Middle East and Africa. The Commercial Aquafeed Market is dominated by
North America in 2016 with the region accounting for 36% of the overall market
share. North America was followed next in line by Europe and Asia-Pacific.
Asia-Pacific is expected to grow rapidly in the coming years as is evident from
the high CAGR value for the region. Another promising region for the market is
Latin America, which is expected to show high growth rates in coming years.
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The Commercial Aquafeed market is
highly competitive with a large number of players. Key market players
dominating the market with their products are Archer Daniels Midland Company,
Ridley Corporation Limited, Cargill, Nutreco N.V, and Avanti Feeds Ltd.; these
are well-established and financially stable players that have been operating in
the industry for several years. Other players include Purina Animal Nutrition
LLC, Nutriad, Alltech, Biostadt India Limited, Aller Aqua A/S, Biomar, BIOMIN
Holding GmbH, Norel Animal Nutrition, Dibaq A.S, and De Heus Animal Nutrition.
Scope of the Report
· Regional and country-level analysis and
forecasts of the study market; providing Insights on the major countries/regions
in which this industry is blooming and to also identify the regions that are
still untapped
· Segment-level
analysis in terms of technology, component,
and type along with market size forecasts and estimations to detect key areas
of industry growth in detail
· Identification
of key drivers, restraints, opportunities, and challenges (DROC) in
the market and their impact on shifting market dynamics
· Study of
the effect of exogenous and endogenous factors that affect the global market;
which includes broadly demographic, economics, and political, among other
macro-environmental factors presented in an extensive PESTLE Analysis
· Study the
micro environment factors that determine the overall profitability of an
Industry, using Porter’s five forces analysis for analysing
the level of competition and business strategy development
· A
comprehensive list of key market players along with their
product portfolio, current strategic interests, key financial information,
legal issues, SWOT analysis and analyst overview to study and sustain the
market environment
· Competitive
landscape analysis listing out
the mergers, acquisitions, collaborations in the field along with new product
launches, comparative financial studies and recent developments in the market by
the major companies
· An executive
summary, abridging the entire report in such a way that decision-making
personnel can rapidly become acquainted with background information, concise
analysis and main conclusions
· Expertly
devised analyst overview along with Investment opportunities to
provide both individuals and organizations a strong financial foothold in the
market
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