PUBLISHER: Value Market Research | PRODUCT CODE: 1578316
PUBLISHER: Value Market Research | PRODUCT CODE: 1578316
The global demand for Aquafeed Market is presumed to reach the market size of nearly USD 125.64 Billion by 2032 from USD 70.98 Billion in 2023 with a CAGR of 6.55% under the study period 2024-2032.
Aquafeed refers to the food specifically prepared for aquatic animals to fulfill their nutritional requirements. It is generally prepared with specific ingredients and additives that are nutritive in nature and are supplemented with a very small amount. These foods are generally derived from plant sources such as corn, gluten, canola oil, soy, and sunflower protein concentrate.
The increasing seafood consumption and along with growing consumer awareness regarding quality of seafood products are primarily driving the market growth. Moreover, the growing aquaculture and aquafeed industry coupled with rising disposable income especially from emerging economies are further boosting the market demand. On the downside, the high cost associated with raw materials of aqua feed hinders the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Aquafeed. The growth and trends of Aquafeed industry provide a holistic approach to this study.
This section of the Aquafeed market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Aquafeed market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Aquafeed market include Cargill Inc., Koninklijke DSM N.V., Beneo GmbH, SonacBWV., Aller Aqua A/S, Zeigler Bros Inc., BioMar Group, ADM, Nutreco N.V., Nutriad NV., Skretting AS, Norel SA, Clextral, Dibaq Diproteg SA, INVE Aquaculture Inc., Alltech Inc., Cermaq AS, Biomin Holding GmbH, Novus International, Ridley Corp. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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