, January 04, 2017 ) The Global Aquafeed Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, the Global Aquafeed Market is estimated to be $98.66 USD billion and predicted to rise to $163.27 USD billion with a CAGR of 10.60%. The market is segmented by End Use (Fish-Carp, Salmon, Tilapia, Catfish, and others; Mollusks-Oyster, Mussel, and others; Crustaceans-Shrimp, Crab, and others), and by Additives (Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
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The growth of the Global Aquafeed market is majorly driven by factors such as the growth in global fish consumption, increase in mass production of fish, growing consumer awareness regarding the protein content in the fish food, and limited availability of marine feed resources. However, environmental regulations on wild, marine and inland fisheries has made it difficult to procure important raw materials like fish meal, fish oil for feeds. Regulatory structure of the animal feeds industry which restricts the use of certain materials such as antibiotics, and increasing costs of raw materials are the main factors hindering the growth of the market.
The Global Aquafeed market is segmented based on End Use and Additives. On the basis of End Use, the global Aquafeed market is segmented into Fish, Mollusks, and Crustaceans. Fish is further sub segmented into Carp, Salmon, Tilapia, Catfish, and others. Mollusks is further sub segmented into Shrimp, Crab, and others. Crustaceans is further sub segmented into Oyster, Mussel, and others. On the basis of Additives, the global Aquafeed market is segmented into Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders.
• 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
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
On geographical basis, Global Aquafeed market is segmented into: Asia-Pacific, Europe, North America, Latin America and Middle-East and Africa. North America and Asia-Pacific are the top two markets for Aquafeed in the world. Europe is one of the top consumers of aquafeed and aquafeed additives and has strengthened exponentially in the last few years and a comparable trend is anticipated to continue in the next ten years.
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Leading players in the Aquafeed market are Cargill, Inc., Nutreco N.V., Alltech Inc., AllerAqua A/S, Beneo GmbH, Biomar A/S, Charoen Pokphand Foods Public Company Limited, and Coppens International B.V.
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