Global Aqua Feed Market (2021 to 2026) – Growth, Trends, COVID-19 Impact and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Aqua Feed Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The aquafeed market is projected to register a CAGR of 5 % during the forecast period (2021-2026).
Companies Mentioned
- BioMar A/S
- Coppens International Bv.
- Aller Aqua A/S
- Cargill
- Alltech
- Archer Daniels Midland Co.
- Ridley Corporation
- Nutriad International NV
- Hanpel Tech Co. Ltd
- Charoen Pokphand Group
- Nutreco NV
- Biomin
- Inve Aquaculture Inc.
Key Market Trends
Increase in the Global Fish Consumption
Population growth, rising incomes in developing nations, and urbanization have led to a surge in global fish production. The level of income and consumption of animal protein is positively related to the increasing consumption of fish and other seafood at the expense of staple foods. Driven by higher incomes and urbanization, global consumption of fish is growing faster than the global population. Fisheries and aquaculture are increasingly becoming a primary source of protein, foreign exchange, livelihoods, and well-being of the population globally.
The highest growth for fish consumption is expected from the Asia-Pacific and Latin American regions because of changing diet patterns, urbanization, population, and economic growth. Chinese demand for fish continues to surpass the domestic supply, as stated by Agriculture and Agri-food Canada. North America and Europe, which have relatively small aquaculture industries, have a high demand for fish and other seafood products and depend on Asian producers to meet their demands. Seafood consumption in the US was around 7.2 kg per capita in 2009. The consumption of fish and seafood in the EU stood at 24.35 kg per capita in 2017, and Portugal recorded the highest per capita consumption in the EU.
Asia-Pacific Dominates the Market
Asia-Pacific has accounted for about 89.0% of world aquaculture production for over two decades. Asia-Pacific is anticipated to dominate the aquafeed industry in the next few years due to significant growth in the aquaculture industry. More than half of the domestic production in the countries like Vietnam, Thailand, Philippines, India and Indonesia are destined only for Europe and North American markets, with Vietnam covering nearly three-quarters of production to export share in 2017. The aquafeed industry in the region is driven by expanding aquaculture and increased demand for seafood. China is one of the largest producers of compound feed globally, with the production at around 168 million metric ton in 2019, of which aquaculture was valued at 16.5 million metric ton.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Fish Feed
5.1.1.1 Carp Feed
5.1.1.2 Salmon Feed
5.1.1.3 Tilapia Feed
5.1.1.4 Catfish Feed
5.1.1.5 Other Fish Feed
5.1.2 Mollusk Feed
5.1.3 Crustacean Feed
5.1.3.1 Shrimp Feed
5.1.3.2 Other Crustacean Feed
5.1.4 Other Aqua Feed
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 Spain
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Germany
5.2.2.5 Russia
5.2.2.6 Italy
5.2.2.7 Rest of Europe
5.2.3 Asia Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.3.4 Thailand
5.2.3.5 Vietnam
5.2.3.6 Australia
5.2.3.7 Rest of Asia – Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Ecuador
5.2.4.4 Rest of South America
5.2.5 Africa
5.2.5.1 South Africa
5.2.5.2 Egypt
5.2.5.3 Rest of Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 BioMar A/S
6.3.2 Coppens International Bv.
6.3.3 Aller Aqua A/S
6.3.4 Cargill
6.3.5 Alltech
6.3.6 Archer Daniels Midland Co.
6.3.7 Ridley Corporation
6.3.8 Nutriad International NV
6.3.9 Hanpel Tech Co. Ltd
6.3.10 Charoen Pokphand Group
6.3.11 Nutreco NV
6.3.12 Biomin
6.3.13 Inve Aquaculture Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/mtono2
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