DUBLIN, August 13, 2013 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/j4crrn/aqua_feed_market) has announced the addition of the "Aqua Feed Market By End Consumption (Fish, Crustaceans, Mollusks, Others), By Additives, (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Others), By Geography: Global Trends & Forecasts To 2018" report to their offering.
Fish require energy and essential nutrients for body-maintenance, movement, normal metabolic functions, and growth. Fish can obtain their energy and nutrients from natural food in ponds, from feed supplied by the farmers or from a combination of both the sources. Feed is a major expenditure for fish farmers as it accounts for 40% - 50% of the production cost. The global aquafeeds market is estimated to grow at a CAGR of 11.7% from 2013 to 2018, reaching 82,390.5 KMT by 2018.
The global aquafeeds market has grown exponentially in the last few years and a similar trend is expected to follow for the next 5-7 years. Leading companies are focusing on launching of new products for expansion of the business in local as well as foreign markets. Investment and expansion is the second most preferred growth strategy after new product launches.
Asia-Pacific and Europe are the leading consumers of Aqua feeds-together accounting for more than 70% of the consumption on a global scale. Asia-Pacific is estimated to be the fastest growing region in terms of revenue. Growth is particularly high in countries such as China, Japan, Indonesia, and Ecuador. Fish accounts for the maximum consumption of aquafeeds. The feed composition of most of the fish consists of fish meal, soybean meal, and fish oil. Recently, the use of rice, wheat, and corn-based products has also become common. There is no major difference between feed composition of fish and crustaceans. The mollusks feed consists primarily of algae.
Key Topics Covered:
2 Executive Summary
3 Premium Insights - Global Aquafeed Market
4 Market Overview
5 Global Aquafeed Market, By End Consumption
6 Global Aquafeed Market, By Additives
7 Global Aqua Feed Market, By Geography
8 Competitive Landscape
9 Company Profiles
- Aci Godrej Agrovet Private Ltd
- Alltech Inc.
- Aller Aqua A/S
- Avanti Feeds Ltd
- Beneo - Animal Nutrition (BAN)
- Biomar A/S
- Biomin Gmbh
- Cargill Incorporated
- Charoen Pokphand Foods Public Company Limited
- Coppens International Bv
- Dibaq Acuiculture
- Ewos Group
- Hanpel Tech Co. Ltd
- Nk Chemicals Pte Ltd
- Norel Animal Nutrition
- Nutreco NV
- Nutriad International NV
- Ridley Corporation
For more information visit http://www.researchandmarkets.com/research/j4crrn/aqua_feed_market
SOURCE Research and Markets