The African aquafeed market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX% during the forecast period from 2015 to 2020. Aqua Feed provide the nutrition needed for aquatic animals. Aquafeed is usually in the form of granules or pellets. They provide the nutrition in a stable and concentrated form, enabling the species to feed efficiently and grow to their full potential.
Aquatic animals are an important source of high quality protein and contains many vitamins and minerals. Aquatic animals such as fish contain Omega-3 fatty acids, which are heart-friendly and can make improvements in brain development and reproduction. They are a primary food source in many countries, Aquaculture has the potential of producing large quantities for a relatively lower cost when compared to ruminants, fowl, or swine. With limited availability of marine feed resources and rising global demand for fish, the Aquaculture, particularly the fish farming trend is expected to increase, driving the market for aquafeed. Food safety concerns are also promoting fish farming because farmed fish offer a higher level of food security. The main restraining factors are the high levels of mercury and other accumulated toxins found in seafood.
The key players in the African market include Biomar A/S, Coppens International Bv, Aller Aqua A/S, Beneo Animal Nutrition, Ewos Group, Geelen Counterflow, Norel Animal Nutrition, Ridley Corporation, Nutriad International NV, Hanpel Tech Co. Ltd. To gain market share, these companies are adapting numerous market strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities.
Key Deliverables in the Study
Market analysis for the African Aquafeed Market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the African Aquafeed Market
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and identification of the regions that are still untapped.
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