Market Overview
Maximize Market Research, a leading business consultancy has recently published a research report on the Aquafeed market. The market overview provides a concise synopsis of a commercial or industrial market. Its purpose is to offer a current snapshot of the market to gain a better understanding of its key features. This summary reports profile the important criteria of a market to inform further marketing activities. The overview draws information from various sources, including government departments, trade and industry associations, market publications, industry analysis, individual companies, state economic development agencies, port authorities, information brokers, and other organizations.
Market Value :
Aquafeed Market was valued at US$ 58.03 Bn in 2022 and is expected to reach US$ 93.19 Bn by 2029 at a CAGR of 7% during the forecast period.
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Market Scope
The report offers a comprehensive evaluation of a specific market or industry. It encompasses an overview of key players, an analysis of the competitive landscape, an assessment of significant trends and developments, and a forecast for future growth. The market scope is determined by factors such as product, price, place, and promotion. Focused strategies are essential components of the market scope. The report provides the leading source for market data, independent perspectives, and objective analysis in today’s ophthalmic markets. The STEEPLE analysis also offers an overview of the macro-environmental factors that impact an organization. Primary and secondary data are analyzed to understand the market in depth. Secondary data is collected from various reliable sources, including official databases of organizations, government sites, industry journals, white papers, annual reports, product releases from manufacturers and suppliers, and paid databases.
Segmentation
The aquafeed market is anticipated to be dominated by the soybean segment over the forecast period, based on the type of ingredients used. For aquafeed, soybean is a great source of protein because it has 48% high-quality protein. Because of its high nutrient content and abundance of easily absorbed amino acids and xanthophylls, it is widely utilized as a crucial source of protein in the creation of aquafeed.
The fish section, which is based on end users, had the biggest share in 2019 and is predicted to increase at the quickest rate over the next several years. The least expensive and easiest to digest animal protein is fish. Fish feed is in higher demand as a result of the expansion of aquaculture and fish farming.
by End User
Fish
Mollusks
Crustaceans
by Ingredient
Soybean
Corn
Additives
Fish meal
Fish oil
by Additive
Antibiotics
Vitamins
Antioxidants
Amino acids
Feed enzymes
Feed Acidifiers
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Key Players
1. Archer Daniels Midland Company
2. Cargill
3. Alltech
4. Ridley Corporation Ltd.
5. Nutreco N.V
6. Avanti Feeds Ltd.
7. Biostadt India Ltd.
8. Nutriad
9. Aller Aqua A/S
10. BioMar
11. BIOMIN Holding GmbH
12. Norel Animal Nutrition
13. De Heus Animal Nutrition
14. Dibaq a.s
Regional Analysis
The regional analysis focuses on determining price and quantity in a specific product market, treating one market as independent of others. The regional analysis covers metadata that includes graphical, numerical, and textual data, showcasing market growth and forecasting periods.
Key Questions Answered in the Aquafeed Market Report:
Key Offerings:
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