Global Aquafeed Market 2018-2023

DUBLIN, Sept. 10, 2018 /PRNewswire/ --

The "Aquafeed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global aquafeed market reached a volume of more than 44 Million Tons in 2017. The market is further projected to exceed 82 Million Tons by 2023, expanding at a CAGR of 11% during 2018-2023.

Over the years, aquaculture has become a popular means of food production which includes farming of fish, crustaceans and molluscs. In aquaculture, fish feed on pellets rather than wild sources such as plankton, insects or other fish. Aquafeed is generally prepared by combining different raw materials and additives, such as fish feed and fish oil, depending upon the age of the animal and requirements of the species.

It offers a wide variety of nutritional, growth-promoting and immune-resistant benefits to the farmed aquatic animals. Aquafeed is produced in two forms which include pressure-pelleted feed and extruded bits. Amongst these, extruded bits float on the surface of water, whereas pressure-pelleted feed sinks into water.

Recently, there has been a rise in the overall consumption of seafood which has given a boost to the aquaculture activities. This is one of the primary factors which has triggered the growth of the aquafeed market. In addition to this, consumers have become aware about the benefits offered by high-quality seafood products. This has, in turn, had a positive influence on the supply of improved aquafeed across the globe.

The growth of the market can also be attributed to the availability of vast arable area in order to cultivate corn, soybean, wheat and maize which are the main ingredients used for the production of aquafeed. Moreover, a rise in the mass production of fish and limited accessibility of marine feed resources are some of the other factors which have been proliferating the growth of the global aquafeed market.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Aquafeed Industry

6 Market Performance by Region

7 Market Performance by Specie

8 Market Performance by Ingredients

9 Market Performance by Additives

10 Market Performance by Product Forms

11 Competitive Landscape

12 Key Player Profiles

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