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Asia Pacific Commercial Aqua Feed Market By End User (Fish, Molluscs And Crustaceans), By Ingredient (Soybean, Corn, Fish Meal, Fish Oil And Additives), By Additive (Antibiotics, Vitamins, Anti-Oxidants, Amino Acids, Feed Enzymes And Feed Acidifiers) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027).

Published: March, 2023
ID: 4566
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Commercial Aquafeed Market Size, Growth, Trends and Forecast:

Asia Pacific Commercial Aquafeed Market was worth USD xxx billion in 2021 and estimated to be growing at a CAGR of xxx%, to reach USD xxx billion by 2026.

Manufactured feeds are a significant part of the modern aquaculture industry. They provide the balanced nutrition needed by farm fish. The feeds are available in the form of granules or pellets, and provide the nutrition in a stable and concentrated form, enabling the fish to feed efficiently and grow up to their full potential.

Many of the fish brought up in farms around the world today are carnivorous, such as the Atlantic salmon, trout, sea bass, and turbot. In the early development of fish feeding which has hence evolved into the modern aquaculture, fishmeal and fish oil were key components of the feeds for these species. They are combined with other ingredients such as vegetable proteins, cereal grains, vitamins and minerals and made into feed pellets. Wheat, for example, is widely used as it helps to bind the ingredients in the pellets.

Drivers and Restraints of Asia Pacific Commercial Aquafeed Market:

The growth of the caseinate market is mainly driven by factors such as population growth, rising disposable income, and rapid urbanization, and is facilitated by the strong expansion of fish production and more efficient distribution channels. As for the restraints of the market, large scale storage of the same for farms is still a problem and the high costs are also turn offs for the market. The industry has to come up with innovative solutions for these problems in order for the market to grow freely.

Asia Pacific Commercial Aquafeed Market Segmentation:

Asia Pacific Commercial Aquafeed Market – By End User:

  • Fish

  • Molluscs and Crustaceans

Asia Pacific Commercial Aquafeed Market – By Ingredients:

  • Soybean
  • Corn
  • Fish Meal
  • Fish Oil
  • Additives
  • Antibiotics
  • Vitamins
  • Anti-Oxidants
  • Amino Acids
  • Feed Enzymes
  • Feed Acidifiers

Geographical Analysis:

Based on geography, the Asia-Pacific market is divided into India, China, South Korea, Japan and Australia. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. In addition to having the highest growth rate, the region also has the third highest market share. The rapid growth of the region can be attributed to the developing stature of countries such as India and China.

Key Players:

The Commercial Aquafeed market is highly competitive with a large number of players. Key market players dominating the market with their products are Archer Daniels Midland Company, Ridley Corporation Limited, Cargill, Nutreco N.V, and Avanti Feeds Ltd.; these are well-established and financially stable players that have been operating in the industry for several years. Other players include Purina Animal Nutrition LLC, Nutriad, Alltech, Biostadt India Limited, Aller Aqua A/S, Biomar, BIOMIN Holding GmbH, Norel Animal Nutrition, Dibaq A.S, and De Heus Animal Nutrition.

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