Maryland News Desk

Aquafeed Market To Gain From Enhanced Demand In Carp And Crustacean Farming Till 2022: Grand View Research, Inc.

Aquafeed Market To Gain From Enhanced Demand In Carp And Crustacean Farming Till 2022: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to new report by Grand View Research, The Global demand for aquafeed was 41,627.6 kilo tons in 2014 and is expected to grow at a CAGR exceeding 11% from 2015 to 2022.

The global aquafeed market is expected to reach USD 133.1 billion by 2020, according to a new study by Grand View Research, Inc. Increasing use of aquafeed in carp and crustacean farming is expected to boost market demand over the forecast period. The growing market for aquaculture, owing to the static natural production of fishes is expected to be another key driver for market growth over the next six years. In addition, the increasing focus on nutraceuticals such as omega 3 enriched products is also expected to have a positive impact on aquafeed applications.

Key aquaculture additives include antibiotics and amino acids as they cannot be synthesized by the fish but are essential for regular body mechanism. Amino acids were the largest used aquafeed product, with estimated market revenue of USD 236.0 million in 2013. Feed acidifiers are expected to be the fastest growing segment over the forecast period, at an estimated CAGR of 6.1% from 2014 to 2020.

Full research report on Aquafeed Market analysis: http://www.grandviewresearch.com/industry-analysis/aquafeed-and-aquaculture-additive-market

Global aquaculture additives market, by product, 2012 – 2022 (USD Million)

 

Global aquaculture additives market, by product, 2012 – 2022 (USD Million)

Further key findings from the study suggest:

  • The global aquafeed demand was 37.60 million tons in 2013 and is expected to reach 77.93 million tons by 2020, growing at a CAGR of 11% from 2014 to 2020.

  • 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 2020. 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.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/animal-feed-and-feed-additives

Grand View Research has segmented the global aquafeed market on the basis of end use and region. Furthermore, aquafeed additive market has been split on the basis of product segments:

Aquafeed Additives Product Outlook (Revenue, USD Million, 2012 – 2020) 
            • Amino Acids
            • Antibiotics
            • Vitamins
            • Feed Acidifiers
            • Others
Aquafeed Application Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020) 
            • Carps
            • Mollusks
            • Crustaceans
            • Salmons
            • Tilapia
            • Catfish
            • Others
Aquafeed Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020) 
            • North America 
            • Europe 
            • Asia Pacific 
            • RoW

Browse Press Release of This Report: http://www.grandviewresearch.com/press-release/global-aquafeed-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/aquafeed-and-aquaculture-additive-market

Calendar

December 2017
M T W T F S S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031