Aquafeed Market :was valued at US$ 54.24 Bn in 2021 and is expected to reach US$ 93.19 Bn by 2029 at a CAGR of 7.0% during the forecast period.
The report also helps in understanding Global Aquafeed Market Dynamics, structure by analyzing the market segments and project the Global Aquafeed Market size. Clear representation of com Aquafeed itive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Aquafeed Market make the report investor’s guide.
Aquafeed Market Overview:
Aquafeed Market Research Report examined the current state of definitions, classifications, applications, and the structure of the industrial chain. The report gives objective expert comments on the current market condition, previous market performance, production and consumption rates, demand and supply ratios, and income generation estimates for the projected term. The Aquafeed market report also provides information on the strategic aspirations and company growth plans of the major organizations operating in the Aquafeed sector. Among the approaches examined in the study are mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches. To summarise what has already been discussed, the research presents a thorough picture of the Aquafeed industry in both global and regional markets.
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Aquafeed market segment analysis:
Based on the ingredients type, the soybean segment is expected to account for the largest share in the aquafeed market during the forecast period. Soybean is an excellent source of protein for aquafeed, it contains about 48% high-quality protein. It is also rich in digestible amino acids and xanthophylls, because of its high nutrient level, it is extensively used as an important protein source in the production of aquafeed.
Based on the end-user, the fish segment held the largest share in 2019 and is estimated to show the fastest growth rate during the forecast period. Fish is the low-cost and most easily digestible animal protein. The rise in fish farming activities and aquaculture has led to increased demand for fish feed. Additionally, the adoption of artificial settings like Recirculating Aquaculture System (RAS) and Aquaponics to increase fish production and its availability for consumption is generating the demand for aquafeed.
Key players:
• Archer Daniels Midland Company
• Cargill
• Alltech
• Ridley Corporation Ltd.
• Nutreco N.V
• Avanti Feeds Ltd.
• Biostadt India Ltd.
• Nutriad
• Aller Aqua A/S
• BioMar
• BIOMIN Holding GmbH
• Norel Animal Nutrition
• De Heus Animal Nutrition
• Dibaq a.s
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COVID-19 Impact on Aquafeed market:
The COVID-19 outbreak has had a significant impact on the global Aquafeed industry. Aquafeed Production facilities have been halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Aquafeed market to decelerate in 2020. The negative impact of COVID-19 on the Aquafeed market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023
Regional Analysis:
The region portion of the research also provides key market influencing aspects and changes in market regulation that impact the market’s current and future trends. New sales, replacement sales, national demographics, regulatory actions, and import-export taxes are some of the major variables used to assess the market scenario for various locations. Furthermore, while providing forecast analysis of national data, the existence and availability of global brands, as well as the hurdles they encounter due to strong or weak com Aquafeed ition from local and domestic brands, as well as the effect of sales channels, are taken into account.
The research provides a comprehensive review of the Aquafeed market’s presence in various sectors and nations. The research analyst aims to discover hidden development potential that may be utilized by organizations in various parts of the world by doing a thorough geographical study of the sector. Global Aquafeed Market research provides exact knowledge that enables market participants to com Aquafeed e successfully with their greatest com Aquafeed itors based on growth, sales, and other crucial aspects. In the research study, significant market aspects such as market drivers and barriers are separated from essential development prospects and industry trends.
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