Aqua feed market includes the feed consumed by fish, crustaceans, and mollusks among others. Fish generally acquire necessary energy and nutrients from natural foods present in water or from those supplied by fish farmers or a combination of both whereas mollusks feed on algae. The feed composition of fishes generally comprises fish meal, fish oil and soybean meal. Rice, wheat and corn based products are being used lately as aqua feeds.
Aqua feed can be segmented on the basis of end consumption as fish, crustaceans and mollusks among others. Fish such as carp, tilapia, salmon, and catfish among others are the major segments in the aqua fish feed market. Crustaceans include crabs and shrimps and mollusks include mussel and oysters among others. Based on the additives used in aqua feed, the market can be segmented into antibiotics, antioxidants, vitamins, amino acids, feed acidifiers, feed enzymes, pellet binders and colorants.
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The aqua feed market is expected to show exponential growth owing to the ever increasing demand for fish and sea food among consumers. Furthermore, rapid growth of the aquaculture industry also contributes to aqua feed market growth. Increasing disposable income in the hands of the rapidly increasing middle class has led to set up of aquariums in hotels, offices and houses. On the other hand, higher price of raw materials and strict regulatory structure is expected to restrict the growth of aqua feed market.
Europe and Asia Pacific are the major aqua feed consuming regions followed by North America. Moreover, animal feed industries are expanding their domains to meet their requirements of growing aqua feeds market. Aller Aqua, Ridley Corporation Limited, Nutreco N.V., Norel Animal Nutrition, Dibaq Acuicultura and BioMar Group are amid the key players of the global aqua feed industry.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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