Global Aquafeed Market is Expected to Expand at a CAGR of 5.7% in Terms of Revenue Over 2018-2026, Owing to Increased Focus on High Digestibility Feeds across the Globe - TMR

News provided by

Nov 26, 2018, 09:23 ET

ALBANY, New York, November 26, 2018 /PRNewswire/ --

The global aquafeed market showcases the presence of a highly competitive and fragmented vendor landscape, says Transparency Market Research on the basis of a recently published report. Such competitiveness mainly exists due to the presence of innumerable players in this sector. Many companies are focusing on improving their aquafeed product manufacturing techniques, thereby enhancing customer retention by providing good quality feed in the global aquafeed market.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Achieving product differentiation, improving geographical reach, and increasing manufacturing capacity are three strategies implemented by most people operating in the global aquafeed market. Many companies are also participating in important mergers & acquisitions, partnerships, and collaborations, to maximize their earning potential. Cargill Inc., BENEO GmbH, Aller Aqua A/S, Skretting, and Cermaq, are chief players operating in the global aquafeed market.

Request a Sample of Global Aquafeed Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31064

According to experts from Transparency Market Research, the global aquafeed market had fetched revenue worth around US$52,553.8 Mn in 2018. This growth is projected to occur at an impressive CAGR of 5.7% measured during the forecast period from 2018 to 2026. Under the species criteria, the fish segment is prophesized to retain its dominant position in the market thanks to a rise in increased demand for fish in the raw material for culinary preparation. Geography-wise, Asia Pacific holds a spectacular hold in the global aquafeed market thanks to a humungous demand for aquatic life-forms and their availability in the region.

A Surge in Keeping Fish and Other Aquatic Species in Aquariums Boosts Expansion

A rising awareness regarding the protein-based health benefits of consuming seafood products is majorly responsible for driving growth in the global aquafeed market. With high-protein rich diets that involve eating aquafeed varieties being followed all over the globe, the global aquafeed market is progressing rapidly to showcase a positive growth curve in the near future.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=31064

Several health conscious people need a high intake of proteins in their diets. As aquafeed items provide such nutrients, several fitness enthusiasts regularly consume these foods, thus causing a rise in their demand. Moreover, people are increasingly keeping fishes in aquariums as pets. This has greatly contributed towards a rise in the need for appropriate aquafeed that needs to be provided to the fishes on a regular basis, consequently providing a huge impetus to the market's expansion.

Rapid urbanization and an increase in disposable income coupled with improving lifestyles have made people try out different options for gaining proteins in the form of key nutrients, thus leading to an increase in demand for aquafeed products. These factors are prophesized to continue propelling the global aquafeed market's growth in the upcoming years on a large-scale basis. Moreover, a surging popularity of aquaculture production in emerging economies such as China and India also pushing the market's growth as these nations are witnessing an unprecedented population explosion in recent times.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=31064

High Costs of Manufacturing Quality Aquafeed Stunts Progress

However, stringent regulations regarding use of fishes and other aquatic creatures for aesthetic as well as for consumption purposes, is greatly hampering the global aquafeed market's growth. Moreover, processing aquafeed could be expensive, further translating into expensive products for consumers having less disposable income. In addition, a rising environmental awareness to safeguard several aquatic life from extinction also poses as a key obstacle to the global aquafeed market's expansion. Nevertheless, many businesses are soon expected to introduce cost-effective and eco-friendly aquafeed production techniques, thereby attempting to reduce the restraints acting on the market.

The review is based on a report by Transparency Market Research, titled, "Aquafeed Market (Form - Extruded, Pellets, Powder, Liquid; Species - Fish (Salmon, Tilapia, Sea Bass/Bream, Sturgeon, Trout, Others), Crustaceans (Prawns, Shrimp, Crabs, Krill), others; Function - Health, Digestibility, Palatability, Special Nutrition, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026."

Key Takeaways

A rising awareness regarding the protein-based health benefits of consuming seafood products is majorly responsible for driving growth in the global aquafeed market.

Geography-wise, Asia Pacific holds a spectacular hold in the global aquafeed market thanks to a humungous demand for aquatic life-forms and their availability in the region.

Key segments of the global aquafeed market:

Aquafeed Market by Form

Extruded
Pellets
Powder
Liquid

Aquafeed Market by Species

Fish
- Salmon
- Tilapia
- Sea Bass/Bream
- Sturgeon
- Trout
- Others

Crustaceans
- Prawns
- Shrimp
- Crabs
- Krill

Others

Aquafeed Market by Function

Health
Digestibility
Palatability
Special Nutrition
Others

Aquafeed Market by Region

North America
- U.S.
- Canada

Latin America
- Brazil
- Argentina
- Peru
- Chile
- Colombia
- Mexico
- Rest of Latin America

Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Russia
- Poland
- NORDIC
- BENELUX
- Rest of Europe

Asia Pacific
- India
- China
- Japan
- Australia & New Zealand
- ASEAN
- Rest of APAC

Middle East & Africa
- GCC Countries
- Turkey
- North Africa
- South Africa
- Rest of MEA

Browse Food & Beverages Market Research Reports

Popular Research Reports by TMR:

Natural Sweeteners Market: https://www.transparencymarketresearch.com/natural-sweeteners-market.html

Gummy Vitamins Market: https://www.transparencymarketresearch.com/gummy-vitamins-market.html
Nutraceuticals Market: https://www.transparencymarketresearch.com/global-nutraceuticals-product-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]