Global Electric Dental Handpieces Market 2019-2023
About this market
Growing adoption of alternative feed sources to drive market growth. As shrimp farming has been growing rapidly, there is a rise in need to identify new feed products to support the market growth. Technavio’s analysts have predicted that the Shrimp Feed market will register a CAGR of more than 5% by 2023.
Increase in shrimp farming practices
Shrimp farming is an aquaculture practice of producing shrimps and prawns in a marine or freshwater environment. The shrimp farming practices have been growing significantly over the years owing to the rise in demand for healthy and fresh shrimps for human consumption.
High cost of raw materials for manufacturing shrimp feed
The prices of raw materials have increase over the years, which makes the shrimp feed manufacturers increases the price of the feed to gain profit.
For the detailed list of factors that will drive and challenge the growth of the shrimp feed market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Neovia and Nutreco the competitive environment is quite intense. Factors such as the growing adoption of alternative feed sources and the increase in shrimp farming practices, will provide considerable growth opportunities to shrimp feed manufactures. Avanti Feeds, BioMar, Charoen Pokphand Foods, Neovia, and Nutreco are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Electric Dental Handpieces Market 2019-2023
Technavio recognizes the following companies as the key players in the global electric dental handpieces market: Bien-Air, Danaher, Dentsply Sirona, J. MORITA, and NSK.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the presence of online sales.”
According to the report, one of the major drivers for this market is the increasing number of dental practitioners in developed countries.
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