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Showing posts with the label Aquafeed Industry

Aquafeed Market Outlook and Global Foresight to 2020

Growing usage of aquafeed in crustacean and carp farming is likely to fuel demand over the course of the forecast period. The Global Aquafeed Market size is anticipated to reach USD 133.1 billion by 2020, according to a new study by Grand View Research, Inc. Static natural production of fishes is expected to boost an already thriving market for aquaculture. Moreover, rising focus on nutraceuticals, such as omega 3-enriched products, is slated to generate immense opportunities for aquafeed applications. Prominent aquaculture additives include amino acids and antibiotics. They cannot be synthesized by fish but are vital for regular body mechanism. Amino acids held the dominant share in terms of product, amounting to an estimated revenue of USD 236.0 million in 2013. Feed acidifiers are poised to exhibit the highest growth rate during the forecast period, recording a CAGR of 6.1% from 2014 to 2020. Carps were the largest consumers of aquafeed, at 9.70 million tons of gl