Aqua
feed refers to industrially manufactured food containing vital
ingredients for various aquatic species such as crustaceans,
mollusks, and fishes. Aqua feed is administered to aquatic species
externally in the form of pellets. The report takes into account the
various factors affecting the growth of the global aqua feed market.
The report also studies the impact of Porter’s five forces on the
growth of the market.
The
global
aqua feed market has been segmented on the basis of end users and
regions. The demand for aqua feed from each of the end user segments
has been analyzed in the report. It studies the growth of the market
across the key geographical regions.
On
the competitive front, the major players involved in the global aqua
feed market are profiled, and insights into their product portfolio,
business strategies, and recent developments are also included. The
various growth opportunities witnessed by the market players through
the forecast period are analyzed using SWOT analysis.
Overview
of Global Aqua Feed Market
The
global aqua feed market is expected to expand at a CAGR of 11.4%
during the period between 2013 and 2019. The report projects the
overall market to be worth US$122.6 bn by the end of 2019. The global
aqua feed market stood at a valuation of US$57.7 bn in 2012. The
growing consumption of fish has been driving the demand from the
global aqua feed market. However, fluctuating costs of vital raw
materials used in aqua feed will restrain the overall market.
Nevertheless the growing demand for conventional and functional aqua
feed from China and Rest of Asia will create new opportunities for
the market.
Based
on end-users, the global aqua feed market has been categorized into
carp, mollusks, crustaceans, catfish, salmon, tilapia, and others.
The highest demand for aqua feed was witnessed from the carps segment
in 2012 and the segment held 25% of the market. During the forecast
period, the crustaceans and carps segments are anticipated to
register the fastest growth in the market. Demand from the mollusks
and salmons segments is also expected to contribute towards the
growth of the market.
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On
the basis of geography, the global aqua feed market has been
segmented into North America, Asia Pacific, Europe, and Rest of the
World. In 2012, Asia Pacific accounted for a share of 65% in the
global aqua feed market. Europe followed as the second largest
regional market. In the coming years, Asia Pacific is expected to
continue its dominance owing to the high demand for fish and the
rapid growth in the aquaculture facilities in the region.
Major
Companies in Global Aqua Feed Market
Some
of the major companies involved in the global aqua feed market are
Alltech Inc., Aller Aqua, Beneo, Norel Animal Nutrition, Cargill
Incorporated, Avanti Feeds Ltd., BioMar A/S, Cermaq ASA, Dibaq
Aquaculture, Charoen Pokphand Foods Company Ltd., NK Ingredients Pte
Ltd., Nutriad, Nutreco N.V., Tongwei, and Ridley Aqua-Feed.
Aqua
Feed Market by End-Users
- Crustaceans
- Mollusks
- Carp
- Salmon
- Catfish
- Tilapia
- Others (Trouts, eels, milkfish, etc.)
Aqua
Feed Market by Geography
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key
highlights
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
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