Aquafeed Market Study for 2019 to 2024 providing information on Key Players, Growth Drivers and Industry challenges
Category: #business  By Partha Ray  Date: 2019-08-14
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Aquafeed Market Study for 2019 to 2024 providing information on Key Players, Growth Drivers and Industry challenges

In an era of rising level of awareness and health consciousness among the global population, the aquafeed market share has recorded an unprecedented progression over the recent years. An overwhelming upsurge in the instances of lifestyle diseases such as diabetes, obesity, and other cardiovascular ailments has necessitated consumption of fish among a diverse set of populaces residing in varied geographical regions world over. This explains the escalating demand for fish since they are a rich source of omega-3 fatty acid and lean protein, which has, in turn, boosted the frequency of fish harvesting across the globe. In consequence, a marked uptick in fish intake invariably calls for their healthiness as well – a factor that would further contribute toward the global aquafeed industry share expansion in the ensuing years. The testament to the aforementioned statements is the estimate noted in a recent study undertaken by Global Market Insights, Inc., which claims that the overall aquafeed market share exceeded a valuation of around USD 80 billion in the year 2016.

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Accounting for over 65 percent of the total global fish production, the Asia Pacific aquafeed market dominated the regional landscape in the year 2016. Furthermore, it would be prudent to mention that the APAC region is projected to witness massive demand for seafood in the forthcoming years owing to freshwater availability and ease of farming technology across the region. Moreover, rising disposable incomes coupled with ambient environmental conditions, inexpensive labor, and bountiful resource availability are a few factors that would stimulate the overall APAC aquafeed industry amplification in the next seven years. Following is a brief overview of how prominent Asian economies are emerging as the growth drivers of the overall APAC aquafeed market in the recent times:

India – As per the statistics published by the United Nation’s Food and Agriculture Organization (FAO), India now acquires the second position globally in terms of annual fisheries and aquaculture production. The dominant standing of India in the global aquafeed industry can apparently be comprehended from the fact that the South Asian nation boasts of a coastline of about 7,517 km and a staggering 195,210 km of river and canal network which consists of 14 major rivers and 44 other medium to small rivers and streams. Needless to say, numerous aquafeed market giants have set their sights on India to fortify their presence in this highly combative business space. For instance, Cargill Inc. has recently inaugurated its first aquafeed production mill in Andhra Pradesh, India. The latest plant would reportedly triple the American conglomerate’s aquafeed production capacity in the nation up to 90,000 tons per year. Apparently, the aforementioned declarations go on to demonstrate the endless growth opportunities awaiting the leading market participants in India’s resurgent aquafeed industry.

Australia – Amidst the league of preeminent countries in the region, Australia has been gradually acquiring a significant place in the APAC aquafeed industry. Over the past few years, a slew of major industry stakeholders have been investing massively to build large aquafeed production facilities in the nation. To cite an instance of the same, BioMar Australia has recently announced to construct a $56 million plant in the Tasmanian region, providing a significant boost to the local aquafeed market and the nation’s burgeoning aquaculture industry. Reportedly, the facility would produce up to 110,000 tons of aquafeed products per annum. Hence, the growing interest of foremost market giants highlights an exceptionally bright picture of the overall aquafeed industry share expansion in Australia.

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Concurrently, in a bid to retain their prominence in this ever-evolving and rapidly transforming business space, industry participants have been prioritizing consumer satisfaction in the past few years. Considering the aforementioned aspects, it is fairly evident that the leading market players would focus on enhancing their product quality through investments in capacity expansion plans and R&D activities, which would drive the growth potential of aquafeed industry over the estimated timespan. All in all, it is quite undeniable that the overall aquafeed market, which is expected to surpass a total consumption volume in excess of 115 million tons by 2024, would establish itself as one of most significant verticals of the swiftly progressing food, nutrition, and animal feed industry.

Partial Content

Chapter 1  Methodology & Scope

1.1  Methodology

1.2  Market definitions

1.3  Market estimation & forecast parameters

1.4  Data Sources

1.4.1  Primary

1.4.2  Secondary

1.4.2.1  Paid Sources

1.4.2.2  Public Sources

Chapter 2  Executive Summary

2.1  Aquafeed and aquaculture additives industry 3600 synopsis, 2018 - 2024

2.1.1  Business trends

2.1.2  Regional trends

2.1.3  Product trends

2.1.4  End-use trends

Chapter 3   Aquafeed & Aquaculture Additives Industry Insights

3.1  Industry segmentation

3.2  Industry landscape, 2013-2024

3.3  Industry ecosystem analysis

3.3.1  Vendor matrix

3.3.2  Distribution channel analysis

3.3.2.1  Strategic Alliance

3.3.2.2  Collaboration

3.3.2.3  Distributors

3.3.2.4  Technology Providers

3.4  Raw material trends

3.4.1  Fish meal

3.4.2  Fish oil

3.5  Trade statistics

3.5.1  Export and Import

3.6  Regulatory landscape

3.6.1  FDA

3.6.2  EU

3.7  Industry impact forces

3.7.1  Growth drivers

3.7.1.1  Asia Pacific

3.7.1.1.1  Increased fish consumption

3.7.1.1.2  Aquaculture industry expansion

3.7.1.2  South America: Growing fish meal production in Peru

3.7.1.3  Nordic region: Increase in fish farming trends

3.7.2  Industry pitfalls & challenges

3.7.2.1  Restrictions on fish catches affecting fish meal production

3.8  Growth potential analysis, 2017

3.8.1  Emerging business model

3.8.1.1  Collaboration/Joint ventures

3.8.1.2  Acquisitions

3.8.1.3  New product launch

3.9  Porter’s analysis

3.10  Competitive landscape, 2017

3.10.1  Strategy dashboard

3.11  PESTEL analysis

3.12  Aquafeed capacity utilization, by country, 2017

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Explore Our Blog @ http://l2food.com

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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