Aqua Feed Market: Rising Seafood Trades to Bolster Global Aqua Feed Market

Transparency Market Research has published a new report on the global aqua feed market. As per the report, the global aqua feed market is expected to progress from US$57.7 bn in 2012 to US$122.6 bn by 2019. The report, titled ‘Aqua Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,’ states that the market is predicted to expand at an 11.40% CAGR during the period between 2013 and 2019. The market’s growth will stem from the mounting consumption of fish worldwide.

Aqua feed is food formulated specifically for fishes, which is commercially manufactured via numerous industrial procedures. Aqua feed is primarily available as pellets, which contain important ingredients that provide nutrition to fish. As per the fish species and size to be fed, these pellets are available in many sizes. Further, the properties of pellets can be easily changed so that they sink to the bottom of fish tanks or float on the surface of the water. The nutrient contents of the feed can be controlled and this has benefitted the global aqua feed market in the recent past. Also, there has been a growth in the farming aquatic species such as crustaceans, mollusks, and fish.

The fluctuating cost of raw materials used in aqua feed is predicted to hamper the growth of the global aqua feed market in the next few years. However, the rising demand for functional and conventional aqua feed from China and Rest of Asia is expected to benefit the global aqua feed market in the near future. The growth of the global aqua feed market is projected in the next few years due to the increasing demand for fish in various foods. The human consumption of fish is predicted to increase in the years to come, thereby driving the global aqua feed market.

The global aqua feed market is segmented on the basis of geography and end-users. By end-users, the global aqua feed market is classified into crustaceans, carp, catfish, salmon, mollusks, tilapia, and others such as milkfish, eels, and trout. In 2012, by end-user, the highest demand for aqua feed was from the carps segment, accounting for 25% of the global aqua feed market. Carps have the highest demand in the retail industry whereas crustaceans have the highest demand in the food and the pharmaceutical industries. The rising demand for aqua feed from end-user segments such as mollusks and salmons is expected to propel the global aqua feed market in the near future.

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Based on geography, the global aqua feed market is divided into Europe, Asia Pacific, North America, and Rest of the World. In 2012, Asia Pacific accounted for a share of 65% in the global aqua feed market. Europe is expected to be the second-largest contributor to the global aqua feed market after Asia Pacific.

In 1970, the contribution of aquaculture to the worldwide fisheries market was merely 4%. In 2006, the contribution grew to nearly 36%. It is predicted that, by 2020, 120-130 million tons of aquatic products will enter the global fisheries market thanks to the aquaculture industry. This growth of the aquaculture industry is expected to boost the global aqua feed market. Alltech Inc., Avanti Feeds Ltd., BioMar A/S, Cermaq ASA, Aller Aqua A/S, and Beneo GmbH are some of the key companies operating in the global aqua feed market.

Key Segments of Aqua Feed Market

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

Aqua Feed Market: Rising Preference for High Quality Aquaculture Products to Boost Growth

The global aqua feed market is extremely fragmented and competitive in nature, owing to the presence of a large number of small and medium-sized aqua feed manufacturers across the globe, states a research report by Transparency Market Research (TMR). Some of the prominent players operating in the global aqua feed market are BioMar A/S, Avanti Feeds Ltd., Cargill Incorporated, Aller Aqua A/S, Beneo GmbH, Dibaq Aquaculture, Alltech Inc., and Cermaq ASA. These players are making noteworthy efforts to boost their market penetration and achieve a top position in the global market. In addition, these players are emphasizing on the expansion of their product portfolio and quality of their products, which is likely to contribute essentially towards the development of the overall market.

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According to the research report by Transparency Market Research, the global market for aqua feed is expected to reach a value of US$122.6 bn by the end of 2019. This market is anticipated to witness a progressive growth rate throughout the forecast period.

Developing Aquaculture Industry to Bolster Asia Pacific Aqua Feed Market

On the basis of geography, the global aqua feed market has been divided into North America, Europe, Asia Pacific, and the Rest of the World. Among these, in 2015, Asia Pacific led the global aqua feed market and is anticipated to remain in the prominent position throughout the forecast period. The high growth of this region can be attributed to the flourishing aquaculture industry and the rising demand for high-quality fishes. On the other hand, the demand for aqua feed is estimated to rise substantially in several countries in the Rest of the World segment in the near future.

In terms of end use, the carps segment is likely to lead the global aqua feed market and account for a key share in the forecast period. The compatibility of carbs to survive in harsh environmental conditions is the primary factor augmenting the growth of this segment in the next few years. The mollusks segment is anticipated to be in the second position and witness a steady growth, thanks to the growing consumer awareness regarding the health benefits offered by mollusks.

Rising Seafood Trades to Bolster Global Aqua Feed Market

The growing seafood trade and the rising production capacity are some of the key factor fuelling the growth of the global aqua feed market. In addition, the rising demand for high quality fish in the global aquaculture industry and the initiatives by several regulatory agencies on encouraging aquaculture activities are likely to augment global aqua feed market in the next few years. Key players in the market are also focusing on creating an awareness among consumers and increase their market penetration.

Furthermore, the rising human consumption of fish and the increasing inclination towards functional and conventional aqua feed are likely to supplement market’s growth in the coming years. Moreover, the rising number of players in the market, emphasizing on innovations is estimated to drive the global aqua feed market.

Fluctuating Raw Material Prices to Curtail Market Growth

The global aqua feed market, on the contrary, is expected to face several challenges in the coming years, owing to the rise in prices of the feed ingredients. Moreover, the negative impact of aqua feed on the environment is expected to restrict the growth of the global aqua feed market. Nonetheless, the replacement of farm-made feed by formulated feed is expected to generate promising opportunities for the leading players.

This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Aqua Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019.”

The market has been segmented as below:

Global Aqua Feed Market, by End Use

• Crustaceans
• Mollusks
• Carp
• Salmon
• Catfish
• Tilapia
• Others (Trouts, eels, milkfish, etc.)

Global Aqua Feed Market, by Geography

• North America
• Asia Pacific
• Europe
• Rest of the World

Aqua Feed Manufacturers to Benefit from Growing Demand for Aquaculture Products

For high-quality livestock, the quality of feed demands the utmost importance in an animal production system. The fact holds true in the aquatic farming scenario too. With the growing demand for fish and other aquatic animals for food and as pets, the significance of nutritional food for them is rising considerably. Aquaculture farmers are increasingly demanding for high-quality nutritious feed for aquatic animals in order to optimize their production without compromising on their health and, consequently, their quality.

The global aqua feed market is highly driven by the rising trend of species-specific diet formulations. The market, which stood at US$57.7 bn in 2012, is likely to report a CAGR of 11.40% during the period from 2013 to 2019, and reach US$122.6 bn by the end of 2019, finds a new report by Transparency Market Research (TMR).

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Researchers at TMR answer important queries about the global aqua feed market in this blog post:

What are the key driving forces behind the significant rise in the demand for aqua feed?

Of late, the demand for aquatic animals, particularly fishes, has been witnessing a rise for consumption purposes, thanks to the high nutritional value and cost benefits they offer. The increasing production of fish and other aquatic animals to meet this massively growing demand has boosted the need for aqua feed substantially, leading to a remarkable growth in the global aqua feed market.

Apart from this, the increasing adoption of fishes at pets and the rising trend of keeping aquarium and fish tanks for aesthetic purposes are also reflecting positively on the sales of aqua feed across the world.

What factors may affect the growth of this market in the coming years?

The fluctuating prices of the raw materials, such as wheat, soybean, fish oil, corn, and fish meal, utilized to prepare aqua feed are likely to influence its price negatively in the coming years. As a result, the demand for aqua feed will decline to some extent.

In some cases, aqua feed producers may not be able to pass the additional cost to consumers and will be compelled to reduce their profit margins. In such situations, the production of aqua feed will suffer drastically, impacting the whole market in the long run.

Which of the regional markets will gain prominence in the global aqua feed market in the near future?

Asia Pacific has been leading the global market for aqua feed since the past few years. The high demand for fish and the increasing number of aquaculture facilities in this region have been supporting the growth of the Asia Pacific aqua feed market remarkably.

With the emergence of China as the global leader in aquaculture production, the demand for aqua feed is anticipated to swell enormously in Asia Pacific in the near future, aiding the region to remain dominant over the next few years.

Growing Awareness about Benefits of Commercial Feed to Trigger New Opportunities for Aqua Feed, says TMR

The global aqua feed market is fragmented with the presence of a large number of companies. A significant threat from new entrants owing to the presence of low entry barriers is expected in the market. The threat of substitutes is likely to be medium owing to the availability of vegetable source alternatives, states a new report by Transparency Market Research (TMR). The presence of large number of suppliers, however, ensures that there is negligible threat of forward integration from suppliers. The threat of backward integration from buyers is also expected to be low, owing to the presence of a large number of buyers, particularly in Asia Pacific. Key players in the market include Alltech Inc., Aller Aqua A/S, Avanti Feeds Ltd., Beneo GmbH, Cargill Incorporated, and Cermaq ASA.

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According to the report, the global market opportunity in aqua feed is expected to rise from US$79.56 bn in 2015 to US$122.59 bn by 2019. By end use, the carp segment is expected to lead and account for 29.6% of the market by 2019. Carp has high demand as seafood owing to the health benefits it provides. Carps are rich in omega-3 fatty acids, offer high protein, and are low in fat, thus encouraging people to consume them. They are also used in rice paddies to feed on insects and other organisms, thus furthering their demand. On the basis of geography, Asia Pacific is expected to lead and account for 68.1% of the global aqua feed market owing to the availability of favorable conditions for aquaculture and cheap labor.

Growing Aquaculture Industry and Increased Consumption of Fish to Fuel Demand for Aqua Feed

The aquaculture industry is expected to witness significant growth in the coming few years owing to the decrease in the production of captured fish. The global aquaculture production is expected to reach 79,150.0 kilo tons by 2019. This is expected to fuel the demand for aqua feed. An increase in consumer awareness in preserving the natural oceanic habitat is also expected to boost the aquaculture industry, states TMR.

The growing consumption of fish is another important factor driving the global aqua feed market. Additionally, the rising global population and awareness among people regarding benefits of fish consumption are expected to lead to a higher demand for aqua feed.

Price Volatility of Raw Materials Becoming Concern for Market Players

Aqua feed is made from ingredients which are high on proteins and fats, such as soybean, corn, fish oil, wheat, and fish meal. The prices of these raw materials tend to fluctuate owing to the scarcity of fish, which occurs due to high consumption of fish meal and use in pharmaceutical industry. In some cases, the manufacturers may not be able to pass on the extra cost to consumers, thereby reducing their profit margins and hampering production. In other cases, the demand for these feeds is affected if the extra price is passed on to the consumers. Thus, fluctuation and increase in prices of fish meal, fish oil, wheat, corn (maize) and soybean is expected to hamper the growth of the market.

Growing Demand for Conventional and Functional Aqua Feed from China to Create Mammoth Opportunity in Market

Aquaculture is widely spread in China. China alone accounted for 60.1% of the global aquaculture production in 2012. There is a rise in awareness among consumers about the benefits of commercial feed, which is likely to trigger new opportunities of growth for the aqua feed market in the coming years. The concept of functional feed is also being adopted by several aquaculture farmers as they offer much more than basic nutritional requirements. Functional feeds help improve the health and reduce illnesses and disorders, resulting in an increased life span of fishes, and therefore appealing aquaculture farmers.

“Research and development are helping in boosting particular aspects of organisms such as color, length, and weight, which is further expected to create a new scope for opportunities in the aqua feed market,” states a TMR analyst. Moreover, the development of the aquaculture market in Asia is likely to open up opportunities for growth of the overall aqua feed market in the near future.

This information is based on the findings of a report published by Transparency Market Research titled “Aqua Feed Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019.”

The global aqua feed market is segmented as follows:

End-use

• Crustaceans
• Mollusks
• Carp
• Salmon
• Catfish
• Tilapia
• Others (Trouts, eels, milkfish, etc.)

Regional 

• North America
• Europe
• Asia Pacific 
• RoW

Aqua Feed Production Upswing to Ride on Increasing Demand for High-quality Aquaculture Products

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.

Global Aqua Feed Market to Expand at 11.40% CAGR from 2013 to 2019 owing to Growing Consumption of Fish

Transparency Market Research has published a new report on the global aqua feed market. As per the report, the global aqua feed market is expected to progress from US$57.7 bn in 2012 to US$122.6 bn by 2019. The report, titled ‘Aqua Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,’ states that the market is predicted to expand at an 11.40% CAGR during the period between 2013 and 2019. The market’s growth will stem from the mounting consumption of fish worldwide.

Aqua feed is food formulated specifically for fishes, which is commercially manufactured via numerous industrial procedures. Aqua feed is primarily available as pellets, which contain important ingredients that provide nutrition to fish. As per the fish species and size to be fed, these pellets are available in many sizes. Further, the properties of pellets can be easily changed so that they sink to the bottom of fish tanks or float on the surface of the water. The nutrient contents of the feed can be controlled and this has benefitted the global aqua feed market in the recent past. Also, there has been a growth in the farming aquatic species such as crustaceans, mollusks, and fish.

The fluctuating cost of raw materials used in aqua feed is predicted to hamper the growth of the global aqua feed market in the next few years. However, the rising demand for functional and conventional aqua feed from China and Rest of Asia is expected to benefit the global aqua feed market in the near future. The growth of the global aqua feed market is projected in the next few years due to the increasing demand for fish in various foods. The human consumption of fish is predicted to increase in the years to come, thereby driving the global aqua feed market.

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The global aqua feed market is segmented on the basis of geography and end-users. By end-users, the global aqua feed market is classified into crustaceans, carp, catfish, salmon, mollusks, tilapia, and others such as milkfish, eels, and trout. In 2012, by end-user, the highest demand for aqua feed was from the carps segment, accounting for 25% of the global aqua feed market. Carps have the highest demand in the retail industry whereas crustaceans have the highest demand in the food and the pharmaceutical industries. The rising demand for aqua feed from end-user segments such as mollusks and salmons is expected to propel the global aqua feed market in the near future.

Based on geography, the global aqua feed market is divided into Europe, Asia Pacific, North America, and Rest of the World. In 2012, Asia Pacific accounted for a share of 65% in the global aqua feed market. Europe is expected to be the second-largest contributor to the global aqua feed market after Asia Pacific.

In 1970, the contribution of aquaculture to the worldwide fisheries market was merely 4%. In 2006, the contribution grew to nearly 36%. It is predicted that, by 2020, 120-130 million tons of aquatic products will enter the global fisheries market thanks to the aquaculture industry. This growth of the aquaculture industry is expected to boost the global aqua feed market. Alltech Inc., Avanti Feeds Ltd., BioMar A/S, Cermaq ASA, Aller Aqua A/S, and Beneo GmbH are some of the key companies operating in the global aqua feed market.

Key Segments of Aqua Feed Market

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

Global Aqua Feed Market to Exhibit 11.4% CAGR Driven by Increasing Demand for Agricultural Products

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

Global Aqua Feed Market to Exhibit 11.4% CAGR Driven by Increasing Demand for Agricultural Products

A recent market research report published by Transparency Market Research projects excellent growth prospects for the global aqua feed market. The report, titled “Aqua Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, states that the market will expand at an 11.4% CAGR between 2013 and 2019. Owing to such excellent growth prospects, the market is expected to rise from a market valuation of US$57.7 bn in 2012 to US$122.6 bn by 2019.

The demand for all kinds of aquaculture products have been significantly increasing over the past few years across the globe. High in nutrients and also quite affordable, the demand for aquatic foods is high around the world. In order to sustain the ever rising demand for aquatic food products, aqua culture, the science of breeding and growing aquatic products in supervised and controlled environment, has also gained huge attention in the past centuries.

Browse full Aqua Feed Market report at:http://www.transparencymarketresearch.com/aqua-feed-market.html

The report credits the flourishing growth of the global aquaculture market as the largest contributor to the overall growth of the global aqua feed market. According to the report, revenue generated by the aqua feed market contributes nearly 50% of the overall costs involved in running an aquaculture facility. The growth of the aqua feed market, therefore, to an extent depend on the overall growth of aquaculture industry. While the continuously rising demand for aquatic food products from the aquaculture industry will drive the market for aquafeed, the fluctuating costs of key ingredients such as fish oil, corn, soybean and fish meal will restrain market’s growth to a certain extent over the report’s forecast period.

The report segments the global aqua feed market on the basis of two criteria: end user and geography.In terms of end user, the market is segmented into crustaceans, carp, mollusks, carp, tilapia, catfish, salmon, and other segments such as milkfish, eels, and trouts. On the basis of geography, the market is segmented into North America, Asia Pacific, Europe, and the Rest of the World (RoW).

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Of the key end users of aqua feed, the segment of carps held the largest share of the global market, accounting for 25%, in 2012. Carps are expected to be one of the fastest growing segments over the report’s forecast owing to their compatibility in harsh environmental conditions. In 2012, the segment of mollusks held the second largest share of the global market and is expected to expand at an above-average growth pace over the report’s forecast period owing to rising consumer awareness about their health benefits.

Geography-wise, the regional segment of Asia Pacific accounted for over 65% of the global demand of aqua feed in 2012. This regional market is also expected to maintain its dominant position in the market over the report’s forecast period owing to the flourishing aquaculture industry in the region. Demand for aqua feed is also expected to significantly rise in the countries in the Rest of the World region over the report’s forecast period.Some of the key vendors operating in the global aqua feed market are Beneo GmbH, Avanti Feeds Ltd., Alltech Inc., BioMar A/S, Aller Aqua A/S, Cargill Incorporated, Dibaq Aquaculture, and Cermaq ASA.

The global aqua feed market is segmented as:

Aqua Feed Market: End-use Analysis

• Crustaceans
• Mollusks
• Carp
• Salmon
• Catfish
• Tilapia
• Others (Trouts, eels, milkfish, etc.)

Aqua Feed Market: Regional Analysis

• North America
• Europe
• Asia Pacific
• RoW

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