Global aquafeed market is
expected to reach USD 165.04 billion by 2022. Global aquaculture
(aquafeed) additive market is expected to reach USD 1.21 billion by
2022. Aquafeed market is primarily driven by growth of the global
aquaculture industry.
In addition, growing demand for fish in direct human consumption
(DHC) is anticipated to drive demand for fed fish species, which in turn
is expected to augment aquafeed market growth over the forecast period.
Initiatives taken by numerous regulatory agencies on promoting
aquaculture activities is expected to open new opportunities for market
growth over the next seven years.
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Carps were the largest consumers of aquafeed accounting for over 25%
of the global volume share in 2014. Carps are being extensively reared
over the past few years owing to their adaptability to changing
climates. In addition, carps are a viable source of protein containing
high omega-3 and low fat. Carps are anticipated to be the fastest
growing application segment for aquafeed owing to their growing demand
in direct human consumption.
Further key findings from the study suggest:
Composition of raw materials in aquafeed varies in accordance with
the targeted fish species. Fish meal content in aquafeed for shrimp
diets consisted of 35% of the overall feed quantity in 1995, whereas,
aquafeed contained over 50% of the overall feed quantity for salmons.
Additives are anticipated to account for close to 2% of the overall feed
composition by 2022.
Amino acids demand was highest within the global aquaculture
additives market in 2014 accounting for over 25% of the overall revenue.
Increasing importance of amino acids to improve efficiency of protein
utilization in animal feeding is expected to favor market growth in the
near future.
Asia Pacific was the largest aquafeed market exceeding 65% of global
volume in 2014. Expansion of aquaculture industry in China and India
owing to factors such as ease of raw material availability, favorable
climatic conditions for aquaculture and cheap labor is expected to
augment aquafeed market growth in the region. Robust fish production
base in Chile and Peru is expected to have a positive impact on Latin
America aquafeed market over the forecast period.
Key participants present in the global aquafeed and aquaculture
additives market include Alltech Inc, Biomar A/S, Cargill Inc., Aller
Aqua A/S, Cermaq ASA, Archer Daniel Midland (ADM), BASF SE, Biomin
Holding GmbH, Skretting, EWOS, De Heus and Nutriad International. EWOS
is an aquafeed manufacturing company integrated across the entire value
chain. The company has its own feed ship, "RUBIN", and is engaged in
aquaculture activities.
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Skretting has an annual production capacity of 1.8 million tons of
aquaculture feeds catering to over 60 varieties of fish and shrimp. In
August 2013, Skretting Group announced entered into a joint venture with
Gisis Ecuador and Regal Springs to set up an aquafeed manufacturing
facility in Honduras. Biomar provides fish feed for fish farms, sea
farms and recirculation plants. In April 2015, Biomar entered into a
joint venture with Tongwei Co., Ltd. to construct a joint aquafeed
factory in China with an annual capacity of about 10,000 metric tons.
For the purpose of this study, Grand View Research has segmented
the global aquafeed and aquaculture additives market on the basis of
product, application and region:
Aquafeed/ Aquaculture Additives Product Outlook (Revenue, USD Million, 2012 - 2022)
* Amino acids
* Antibiotics
* Vitamins
* Feed acidifiers
* Others
Aquafeed Application Outlook (Volume, Kilo Tons and Revenue, USD Million, 2012 - 2022)
* Carp
* Mollusks
* Salmon
* Crustaceans
* Tilapia
* Catfish
* Others
Aquafeed Regional Outlook (Volume, Kilo Tons and Revenue, USD Million, 2012 - 2022)
* North America
* Europe
* Asia Pacific
* RoW
Table Of Content
Chapter 1. Executive Summary
1.1. Aquafeed market - Industry summary and key buying criteria, 2012 - 2022
Chapter 2. Aquafeed Industry Outlook
2.1. Aquafeed market segmentation
2.2. Aquafeed market size and growth prospects, 2012 - 2022
2.3. Aquafeed - Value chain analysis
2.4. Raw material outlook
2.5. Aquafeed market dynamics
2.6. Key market opportunities - Prioritized
2.7. Industry analysis - Porter's
2.8. Aquafeed - PESTEL analysis, 2014
Chapter 3. Aquaculture Additives Product Outlook
3.1. Global aquaculture additive market revenue share by product, 2014 & 2022
3.2. Amino acids
3.3. Antibiotics
3.4. Vitamins
3.5. Feed acidifiers
3.6. Others
Chapter 4. Aquafeed Application Outlook
4.1. Global aquafeed market volume share by application, 2014 & 2022
4.2. Carp
4.3. Mollusks
4.4. Salmon
4.5. Crustaceans
4.6. Tilapia
4.7. Cat Fish
4.8. Others
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Chapter 5. Aquafeed Regional Outlook
5.1. Global aquafeed market share by region, 2014 & 2022
5.2. North America
5.3. Europe
5.4. Asia Pacific
5.5. RoW
Chapter 6. Competitive Landscape
6.1. Alltech Inc.
6.2. Biomar A/S
6.3. Cargill Inc.
6.4. Ridley Corporation
6.5. Norel Animal Nutrition
6.6. Aller Aqua A/S
6.7. Beneo GmbH
6.8. Cermaq ASA
6.9. Dibaq a.s.
6.10. Addcon Group GmbH
6.11. Archer Daniel Midland (ADM)
6.12. BASF SE
6.13. Biomin Holding GmbH
6.14. Skretting
6.15. DSM
6.16. Evonik Industries
6.17. InVivo NSA
6.18. Novus International Inc.
6.19. De Heus
6.20. Nutriad International
Chapter 7. Methodology and Scope
7.1. Research Methodology
7.2. Research Scope & Assumptions
7.3. List of Data Sources
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