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Aquafeed Market Update, Analysis, Forecast, 2016 – 2024

Aquafeed Market size was over 46 million tons in 2015, and is forecast to grow at more than 11% CAGR up to 2023. <br><br>Get more details @ https://goo.gl/akvPS9

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Aquafeed Market Update, Analysis, Forecast, 2016 – 2024

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  1. Global Aquafeed Market size to cross $185bn by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Aquafeed Market : • The increasing global population base, which has already crossed the 7 billion mark is leading to scarcity of resources. Health constraints are one of the major issues, arising by this tight imbalance of supply/demand of these essential resources. However, people in this technologically advanced era are well-aware and informed about their health and the nutrition their body demands. This rising awareness and health consciousness among the people has led to a high demand for fish consumption globally. • Fishes are a rich source of protein and omega-3 fatty acid, which enables the body to be resistant against diseases such as cardiovascular disorders, diabetes, obesity, etc. The intake of fishes demands for their healthiness as well, which is fostering the growth of aquafeed market worldwide. As per Global Market Insights, Inc., ‘the global aquafeed market is anticipated to surpass a revenue of USD 185 billion by 2023.’

  3. Continued... • The human fish consumption accounted for nearly 138 million tons in 2015, and is estimated to surpass 205 million tons by 2023, which in turn will stimulate the demand for aquafeed market. Moreover, surging demand from the pharmaceutical industries for the fish oil will also drive the industry growth over the coming years. The aquaculture additives market is also witnessing high growth, with CAGR estimations of 4% over 2016-2023. These additives are added to the fish food to enhance its nutritional value, thereby, ensuring sound health of the aquatic animals. These additives are mostly added in the form of Antibiotics, Amino Acids, Feed Acidifiers, and Vitamins.

  4. North America Aquafeed Market Size, By End-use, 2012-2023 (Kilo Tons)

  5. Browse Full Market Research Report On Aquafeed Market @ https://goo.gl/akvPS9 Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/495

  6. 360° Analysis • Application Trends • Carps dominated the global aquafeed market and was valued at over USD 21.5 billion in 2015.Increasing importance in food & beverage industry due to reducing cholesterol levels properties should increase farming activities meant for carps. Carps penetration is increasing in rice paddies for feeding insects to improve agricultural yield. • Regional Trends • APAC aquafeed market size was the dominant regional industry and was valued at over USD 49 billion in 2015. Aquaculture production expansion in China accompanied by growth in salmon farming due to easy farming techniques, species hardiness and ability to grow within land based farm systems should promote aquafeed market size growth. • Competitive Market Share • Global aquafeed market share is moderately fragmented due to presence of numerous participants presence. Biomar,Alltech, Addcon, Aller Aqua, Ridley,Dibaq Aquaculture, Cargill Inc, and Biomin are the key industry players.

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