Aquafeeds Market is expected to grow at a significant CAGR in the period from 2021 to 2027. Over the projection period, the sector is expected to develop due to rising direct human consumption of seafood and rising demand for aqua products. The market is expected to be driven by rising demand for animal by-products in feed applications, such as fish meals, shrimp meals, and squid meals, particularly in Asia Pacific’s emerging economies, such as India, China, and Vietnam. Furthermore, gradual scientific developments in feed formulation might be ascribed to expansion in developed economies. These reasons have boosted the need for aquafeed on a massive scale.
When compared to other types of meat, such as beef and chicken, fish has a low-fat level. Furthermore, because fish is a great source of proteins and vitamins, it is predominantly consumed by humans. Fish consumption has risen as a result of a number of causes, including the increased availability of a variety of fish in the retail market and consumers’ taste for a diversity of flavors. The aforementioned factors have boosted demand for fish and fish products, which is expected to propel the market forward.
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A full report of Global Aquafeeds Market is available at: https://www.orionmarketreports.com/aquafeeds-market/40650/
The following Segmentation are covered in this report:
By Form
- Dry
- Wet
- Moist
- Others
By Aquafeed Ingredient
- Animal By-product
- Grain By-Product
- Oils & Fats
- Additives
- Others
By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Seabass
- Groupers
- Others
Feed Type
- Starter Feed
- Grower Feed
- Finisher Feed
- Brooder Feed
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Aquafeeds Market.
- The market share of the global Aquafeeds Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Aquafeeds Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Aquafeeds Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
