The
quality of feed is important in animal production systems as it is
essential to produce a healthy and high-quality product in an
economical manner. In fish farming, nutrition is crucial as it
accounts for a substantial amount of the production cost. Fish
nutrition has advanced considerably in recent years with the
development of new and balanced commercial diets that aid optimal
fish growth and health. The development of species-specific diet
formulations will result in the global aqua feed market to reach a
valuation of US$122.6 bn by 2019, says a new market study by
Transparency Market Research. Consequently, the aquaculture industry
has been benefitted to satisfy the increasing demand for safe and
high-quality fish and sea-foods.
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Q.
What are the major factors driving the growth of the global aqua feed
market?
A.
The demand for aquaculture products has been on the rise over the
past few years. This is because aquatic foods have high nutritional
value and are also quite affordable. To cater to this demand,
aquaculture has developed considerably, wherein the breeding of
aquatic products is monitored and controlled.
The
flourishing aquaculture market contributes significantly to the
growth of the global aqua feed market. On the other hand, revenue
contribution by the aqua feed market makes up almost 50% of the cost
involved in operating an aquaculture facility. Therefore, the growth
of the aqua feed market is dependent on the growth of the aquaculture
industry to some extent.
Q.
What relation does feed type have on the growth of the aquaculture
product?
A.
Commercial fish diets are manufactured either as floating or sinking
feeds. While both sinking and floating diets can produce satisfactory
results, some fish prefer floating and others prefer sinking diets.
However, extruded feeds are advantageous as it enables the farmer to
observe the feeding intensity and can be adjusted as per need. This
is because feeding rates are important to be determined if they are
too low or too high for maximizing fish growth and feed use
efficiency.
Q.
Which is the most lucrative end-use segment of the global aqua feed
market?
A.
Carps are expected to contribute substantial revenue to the aqua
feed market as they can breed in less than ideal environmental
conditions. In 2012, carps accounted for more than 25% of the overall
aqua feed market. Moreover, factors such as changing food habits,
rising disposable incomes, and changing lifestyle are leading to the
increased demand for carps and crustaceans. Carps and crustaceans are
expected to be leading end-use segments of the aqua feed market in
the coming years.
Q.
How do regional markets fare in the global aqua feed market?
A.
Asia Pacific is a significant market for aqua feed due to the high
demand for fish and the emergence of a considerable number of
aquaculture facilities in the region. The region held 65% of the
overall market in 2012 and is expected to retain its dominant
position until the end of 2019. Europe is expected to stand as the
second-largest market for aqua feed in the coming years.
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