Aqua Feed Market Estimated to Exhibit 32 % CAGR through 2024vaidyad | June 13, 2019 | 0 | Agriculture
Global aquafeed market was valued at USD 64.81 billion in 2015, and is expected to reach USD 157 billion by 2024,
Crap-type is the largely consumed product in this region, and the demand for this segment is projected to increment at a phenomenal CAGR of 30 % to 32% over the forecast period of 2019-2024.The aquafeed is supplied to animals in different forms such as dry, moist and wet. In the dry form, it is available as powder, pellets, and crumbles. Based on the aquatic animal population, the supply of food in various forms is done.
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Aqua Feed by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report. The market is segmented based on the type of feed like fish feed, mollusks feed, crustaceous feed. The fish feed is further sub segmented into carp feed, salmon feed, tilapia feed, catfish feed and others. Carps account for 89% of the total fresh water aquaculture production in the country. There are four types of carps feed available in the Indian market. They are carp spawn feed, carp fry feed, carp grow-out feed, carp brood feed. The farming of tilapia fish is limited in India but the production of tilapia feed is huge.
Aquafeed is a food meal which is used for various aquatic species such as fish, crustaceans, and mollusks. It is widely used for aquaculture. Aquafeed is essential for aquaculture sector due to its growing promoting properties, immune resistant and nutritional benefits. High quality Aquafeed is useful for crustaceans, mollusks, fish and other aquatic animals due to their balanced and need specific composition. Aquafeed is derived from plant sources only, such as corn gluten meal, canola oil, soy meal, and sunflower protein concentrate. Among them, the most commonly used ingredient in aquafeed is marine sources such as fish meal and fish oil.
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Product Type Coverage Market Size & Forecast, Major Company of Product Type etc. :
High-end extruded feed
Company Coverage Sales Revenue, Price, Gross Margin, Main Products etc. :
New Hope Group
Guangdong Haid Group
Application Coverage Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc. :
Region Coverage Regional Production, Demand & Forecast by Countries etc. :
North America U.S., Canada, Mexico
Europe Germany, U.K., France, Italy, Russia, Spain etc.
Asia-Pacific China, India, Japan, Southeast Asia etc.
South America Brazil, Argentina etc.
Middle East & Africa Saudi Arabia, South Africa etc.
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