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Monday, March 30, 2015

31/03/2015: Global aquafeed market forecasts to 2020 detailed in new market research report

http://www.whatech.com/market-research-reports/press-release/industrial/49582-global-aquafeed-market-size-share-growth-prospects-key-opportunities-trends-and-forecasts-to-2020-detailed-in-new-market-research-reportFeed acidifiers are expected to be the fastest growing segment over the forecast period, at an estimated CAGR of 6.1 percent from 2014 to 2020, WhaTech reports.

The global market for aquafeed is expected to reach US$133.1 billion by 2020, according to a new study by Grand View Research, Inc. Increasing use of aquafeed in carp and crustacean farming is expected to boost market demand over the forecast period.
  
The growing market for aquaculture, owing to the static natural production of fishes is expected to be another key driver for market growth over the next six years. In addition, the increasing focus on nutraceuticals such as omega 3 enriched products is also expected to have a positive impact on aquafeed applications.

Key aquaculture additives include antibiotics and amino acids as they cannot be synthesized by the fish but are essential for regular body mechanism. Amino acids were the largest used aquafeed product, with estimated market revenue of US$236.0 million in 2013.

Read more HERE.

The Aquaculturists
This blog is maintained by The Aquaculturists staff and is supported by the
magazine International Aquafeed which is published by
Perendale Publishers Ltd

For additional daily news from aquaculture around the world: aquaculture-news

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