Global Aquafeed Market
Valued at USD XX billion in 2016, the global aquafeed market is estimated to grow at a CAGR of 3.4%, reaching USD XX billion by 2022. With the worldwide increase in demand for fish and fish-based products, the demand for compound feed is also expected to increase at a CAGR of 2.1% in terms of volume for the period of 2017-2022.
The increasing demand for fish, the limited nature of marine feed resources, and increasing food safety concerns indicate the growth of fish farms. It is estimated that by 2022, 50% of global fish supplies will be from fish farms. This trend is driving the market for compound feed.
Seafood is the most preferred meat type in the Asia-Pacific countries, including China, Indonesia, and the Philippines. Fish, prawn, lobster and crab, available in variety and abundance, are integral to the diet. Although this market accounts for a significant share of the overall market, it is relatively unexplored, primarily due to the low level of organization in the fish industry. Unlike developing nations in Asia and Latin America, developed regions (Western Europe and the US) have low population growth rates and high levels of urbanization. These regions' demand for aquafeed is thus limited because of relatively less production.
What the report offers
Sections 1, 2 and 3 provide an in-depth analysis of the global compound feed market, elaborating on its drivers, restraints and opportunities, and touching on the regulatory scenario.
Section 4 gives market numbers (size and growth forecasts) for the aquafeed market, comparing it with the size and growth of other segments like ruminant, poultry and swine feed.
Section 5 contains the market size and forecasts for 19 of the most prominent countries across the globe for the aquafeed market.
Section 6 presents an expert opinion on the future of the compound feed market.
Section 7 profiles 20 of the most prominent companies operating in this market across the globe, elaborating on the products and services, financials and key strategies formulated by these companies in the last five years.
Key Deliverables in the Study
Market analysis for the global aquafeed market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and key companies that can influence this market on a global and regional scale.
An extensively researched competitive landscape section with profiles of major companies, along with their market share.
Identification and analysis of the macro and micro factors that affect the global aquafeed market on a global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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 where this industry is blooming, and identification of regions that are still untapped