Global Aquafeed Market Size is anticipated to be valued at USD 165.04 billion by 2022, as per a new research report by HexaResearch. Increase in fish consumption for direct and indirect consumer applications is anticipated to drive the market growth. Increasing awareness regarding feed benefits in aquaculture among breeders is likely to drive the demand. Rising nutraceuticals demand such as omega 3 fortified products is expected to drive industry growth. ... Read more
Aquafeed market is expected to grow at CAGR of 7% backed by increase in awareness among farmers about benefits of feeding the aquaculture with commercial aquafeed. Availability of nutrition rich ingredients and increasing aquaculture activities are other market growth factors. Consumers are preferring the aquaculturaly raised fishes over normal fishes, this change in consumption pattern is influencing the demand for quality aquafeed from aquaculture ... Read more
Aquafeed is primarily known as fish feed, which is commercially produced to feed various aquatic species. It provides a complete diet for fish and other aquatic species and assists in providing the required nutrients to them. The various aquatic species include Carps, Molluscs, Shrimps, Crustaceans, Catfish, Trouts, and others. Aquafeed contains various ingredients such as wheat, corn, pulses, and oilseeds in which different feed additives ... Read more
The acceleration witnessed in aquaculture production will drive the market growth of the Aquafeed market. The rising demand for sea food will accelerate the demand for aquaculture farming which is expected to steer growth in the aquafeed market. The nutritional value of fish, awareness about the benefits of omega 3 enriched diet, etc. are propelling the demand for aquafeed among the aquaculture farmers and is anticipated to demonstrate ... Read more
