Market Stats
According to the research report published by Polaris Market Research, the Global Aquafeed Additives Market Size Is Expected To Reach USD 2.86 Billion By 2030, at a CAGR of 3.5% during the forecast period.
The newly published research report titled Aquafeed Additives Market Statastics offers a comprehensive assessment of the market. It presents and showcases a dynamic vision of the global market scenario in terms of market statistics, market size, and competitive situation. The report provides an assessment of all the major factors, including emerging trends, growth drivers, consumption, production volume, and CAGR value. In addition, profit margins, price, and attentive opinions have been included.
Both quantitative and qualitative research methodologies have been included to provide an in-depth market comprehension. The report includes an analysis of all the key segments and sub-segments in the market. Besides, Aquafeed Additives market performance in various regions has been analyzed in the study. The research report serves as a valuable resource for businesses and stakeholders who want to assess the current market state and make critical decisions for business growth.
Aquafeed Additives Market Report Scope
The report gives a complete picture of opportunities and demands that are beneficial for stakeholders in the market. It assesses the key market dynamics and growth factors to determine the market value and the growth rate. The study is based on growth probability, industry news, and market trends. In addition, a deep market analysis and competing scenario, along with a SWOT analysis of major market competitors, has been provided.
Key Market Dynamics
➡️ Market Drivers:
The research report offers vital information on all the major factors driving the Aquafeed Additives market demand. It provides a thorough assessment of the emerging trends in the market. Also, the latest opportunities market participants can capitalize on have been studied. What's more, major market news and the introduction of new rules and policies have been taken into consideration.
➡️ Market Restraints:
The research report highlights the factors that may hinder market growth in the coming years. It sheds light on regional conflicts and regulatory issues that can cause significant barriers to the market's progress. By knowing the major market restraints, stakeholders can make more strategic and informed decisions.
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✍ Key Market Players
The report includes a thorough competitive analysis to help businesses identify the direct or indirect competitors to their products or services in the market. In addition, it helps stakeholders to compare themselves against other market participants in terms of vision, mission, value, and core strengths. Porter's Five Forces analysis has been included in the study to help stakeholders identify the Aquafeed Additives market competitive forces. The report can give stakeholders an overall understanding of the market's competitive environment, making it criticial for devising effective operating strategies.
Some of the players in the market are:
Nutriad Inc.
Kemin Industries Inc.
Dupont De Nemours Inc. ALLER AQUA A/S
Coppens International B.V.
ALLTECH Inc.
Biomin GmbH
Charoen Pokphand Foods Public Company Limited
Avanti Feeds Limited
Diana Group
Norel S.A.
Olmix Group
Delacon Biotechnik Gmbh
Lallemand Inc.
Camlin Fine Sciences Inc.
Growth Drivers
The rapid growth and expansion of aquaculture worldwide, coupled with increased awareness about nutrition among consumers, has significantly boosted global sales of advanced feed and feed supplements. The rising demand for products such as carp, salmon, tilapia, and catfish, driven by their high protein content, is expected to further support the market's growth.
In countries across Asia, particularly in Eastern and Southeastern Asia, fish consumption has been influenced by large, growing urban populations and increased fish trade, which has expanded the global aquafeed additives market. According to the Food and Agriculture Organization of the United Nations, fish provides over 20% of per capita animal protein for approximately 3.3 billion people. In 2017, fish accounted for about 17% of total animal protein and 7% of all nutrients consumed worldwide.
Between 1961 and 2017, the average annual growth rate of food fish consumption was 3.1%, surpassing the population growth rate of 1.6% per year. The estimated per capita meat consumption in 2018 was 20.5 kg. That same year, 67 million tonnes of fish were traded globally, amounting to total merchandise exports worth USD 164 billion, making fish and fish products some of the most traded food commodities worldwide. This represents roughly 38% of all fish caught or farmed globally.
The COVID-19 pandemic in 2020 has had a significant impact on trade between major exporters and importers. However, total fish production is expected to rise from 179 million tonnes in 2018 to 204 million tonnes by 2030, with aquaculture production projected to reach 109 million tonnes by that time, reflecting a 32% growth (26 million tonnes) from 2018.
Asia is set to dominate the aquaculture sector, accounting for more than 89% of production by 2030. Africa is expected to see the highest growth, with an increase of 48%, driven by the adoption of improved culturing equipment. As a result, the rising fish consumption is leading to higher demand for aquafeed additives, contributing to market growth during the forecast period.
Regional Analysis
The research report tracks the market growth trajectory across various regions and sub-regions. A thorough assessment of the various market segments at the regional, national, and global levels has been provided. Additionally, other important market aspects such as market consumers, supply chain analysis, and raw materials have been included. What's more, businesses and stakeholders can tap into vital market revenue projections and worldwide projections by going through the Aquafeed Additives market research report.
Major regions and sub-regions covered in the study are:
▫️ North America (US, Canada)
▫️ Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, and Rest of Europe)
▫️ Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea, and Rest of Asia Pacific)
▫️ Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
▫️ Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of Middle East & Africa)
Conclusion
The Aquafeed Additives market research report provides a precise analysis of a rapidly growing market. It includes information on data sources, research findings, and an appendix for an in-depth market assessment. In addition, the most recent market developments have been highlighted to help stakeholders devise effective operating strategies.
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