According to the report “Global Aquafeed Market”, published by Market Data Forecast, the global market is projected to reach USD 163.27 billion by 2021, at a CAGR of 10.60% from 2016 to 2021.
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Aqua feed is a mixture of raw materials, additives and other supplements, sourced from either natural or synthetic sources and are fed to the aquaculture.
Aqua feed additives include amino acids, vitamins, minerals, enzymes, probiotics, antibiotics, flavors and colorants are the most common additives blended to form fish feed. Fish production in the world is mainly from both Aquaculture and Capture. The dwindling natural sources and other reasons have reduced the dependence on Captured Fisheries. Large part of fish production is used for human consumption directly and a small portion is used for feed purposes. The end consumers of Aqua feed are fish, molluscs, crustaceans etc.
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Growth in global fish consumption, increase in mass production of fish, growing consumer awareness regarding the protein content in the fish food, and limited availability of marine feed resources are the key drivers for the growth of the global Aquafeed market. Globally increasing population is also supporting growth of the fish market, ultimately increasing the demand for Aquafeed.
• North America
• Latin America
• Middle East and Africa
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The major companies operating in the global Aqua feed market areCargill, Inc., Nutreco N.V., Alltech Inc., AllerAqua A/S, Beneo GmbH, Biomar A/S, Charoen Pokphand Foods Public Company Limited, and Coppens International B.V.
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