Global Aqua Feed Market Expected to USD$ 156.1 Billion By 2020

Date: 2016-09-18

The global Aqua Feed market is expected to grow from $ 91.0 billion in 2015 and to $ 156.1 billion by 2020, at a CAGR of 11.4% from 2016 to 2020. The aqua feed market is segmented on the basis of ingredient into corn, soybean, fishmeal, fish oil, additives, and others such as rice, wheat, and maize.

Countries in the Asia-Pacific and Latin American regions are thriving in terms of growing contribution of the aquaculture toward the GDP with high levels of product development and marketing. The rising population levels have also created the demand for nutritious and healthy aquaculture foods, globally. Increasing per capita disposable income in these regions is another driver for the increased consumption of high-quality sea-food products, parallely boosting the aqua feed industry.

The fluctuating cost of raw materials used in aqua feed is predicted to hamper the growth of the global aqua feed market in the next few years. However, the rising demand for functional and conventional aqua feed from China and Rest of Asia is expected to benefit the global aqua feed market in the near future. The growth of the global aqua feed market is projected in the next few years due to the increasing demand for fish in various foods. The human consumption of fish is predicted to increase in the years to come, thereby driving the global aqua feed market.

The global aqua feed market is segmented on the basis of geography and end-users. By end-users, the global aqua feed market is classified into crustaceans, carp, catfish, salmon, mollusks, tilapia, and others such as milkfish, eels, and trout. In 2012, by end-user, the highest demand for aqua feed was from the carps segment, accounting for 25% of the global aqua feed market. Carps have the highest demand in the retail industry whereas crustaceans have the highest demand in the food and the pharmaceutical industries. The rising demand for aqua feed from end-user segments such as mollusks and salmons is expected to propel the global aqua feed market in the near future.

According to survey, the region of Aqua Feed market share as following:
aqua-feed
Read Full Report: http://www.gosreports.com/global-aqua-feed-industry-2016-market-research-report/ 

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com

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