Industry Outlook and Trend Analysis
The global Aquafeed & Aquaculture Additives market was worth USD 56.27 billion in the year of 2012 and is expected to reach approximately USD 179.81 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 11.02% during the forecast period. Aquafeed, also recognized as the fish feed, is an economically created food product for different aquatic species, for example, fish, crustaceans, and mollusks. Aquafeed is broadly utilized as a part of the aquaculture segment. Fish developed on ranches and nourishing on bugs found on products can likewise be sorted under the aquafeed market section. Properties of monetarily made feeds can be adjusted with the goal that they can skim on the surface of the water or sink to the base of the tanks where fish are reared. Besides, the content of different supplements in the feed can be controlled. This has prompted an expansion in prominence and development of the market in the course of recent years. Expanding aquaculture exercises is one of the essential variables anticipated that would drive the aquafeed requirement over the conjecture time frame. Likewise, developing human utilization of fish attributable to rising consumer awareness about its advantages is relied upon to boost demand for aquafeed throughout the following couple of years. Nonetheless, unstable prices of necessary ingredients that are utilized in the production of fish feed like fish oil and fish meal is anticipated to hinder the development of the market. The global demand for fish feed in 2014 was 41,627.6 kilo tons and is anticipated to witness significant growth in the following years. In 2014, On the basis of revenue the market was worth USD 69,721.9 million. Increasing demand for fish and fish oil items due to growing awareness of consumers regarding the benefits of omega 3 is anticipated to fuel the development of this market.
Product Outlook and Trend Analysis
In 2014, Amino acids were the biggest item section of the aquaculture additives market representing more than 25 percent of the income share. Proteins are necessary macromolecules which are vital for sound development of the fish. Fish are incapable of incorporating ten key amino acids, viz., methionine, leucine, arginine, phenylalanine, tryptophan, threonine, isoleucine, lysine, valine and histidine. Thus, an ever increasing number of producers are adding protein sources to aquafeed to upgrade development and enhance general wellbeing. Feed acidifiers are relied upon to witness the most elevated development throughout the following years. Feed acidifiers assist in enhancing the level of gastric acids in creatures which reinforce their digestion system by directing food assimilation. An ideal acid level likewise helps in decimating destructive bacteria rearing including E Coli and Salmonella in the gastro intestinal tract.
Application Outlook and Trend Analysis
In 2014 carp was the biggest application segment that registered for more than 25 percent of the total aquafeed market demand. Likewise, requirement for aquafeed in carps is relied upon to be the most elevated over the conjecture time frame. Carps are rich in omega-3 fatty acids and offer high amounts of protein that are low in fat. Requirement for carps has been far reaching in rice and fish cultivating also. In the course of recent years, carps are being progressively raised in rice paddies to feast upon bugs and different organisms related with rice culture. These aspects are relied upon to help interest for carps, thusly, increasing requirement for aquafeed over the figure time frame. In 2014, Mollusks were the second biggest application section of aquafeed representing more than 20 percent of worldwide market volume. Certain mollusks, for example, oysters and clams are an essential source of nourishment to people. Expanding meat utilization in the course of recent years at a worldwide level has prompted a developing interest for oysters and clams. Moreover, the extracts of oyster shells are extensively utilized in cosmetics, thereby spurring the development of the market.
Regional Outlook and Trend Analysis
In 2014, the biggest market for aquafeed was Asia Pacific that represented more than 65 percent of the total demand. Asia-Pacific is anticipated to rule the aquafeed market over the expected period because of critical development in the aquaculture sector inferable from components, for example, convenient accessibility of natural resources, prompted conditions for aquaculture and inexpensive labor.in various regions that include North America and Europe, developing interest towards salmon farming, government initiatives and increasing demand for seafood have prompted increased requirement for aquafeed from aquaculture species.
The global Aquafeed & Aquaculture Additives market is segmented with a vast number of players that supply a wide range of products. Some of the leading players are Aller Aqua, Addcon Group GmbH, Biomar, Alltech Inc, DIBAQ ACUICULTURA, Biomin and Ridley Aquafeeds Ltd.
The global Aquafeed & Aquaculture Additives market is segmented as follows-
Rest of Europe
Rest of Asia-Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?