Asia Pacific Aqua Feed Market, Size, Share, Outlook and Growth Opportunities 2019-2026
Asia Pacific Aquafeed Market is segmented By Species (Fish, Crustaceans, and Mollusks, others), By Ingredient (Cereals, Oilseed Meals, Supplements, Molasses, Oil, others), By Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed
(EMAILWIRE.COM, April 15, 2020 ) Market Overview
Asia-Pacific Aqua feed Market is expected to grow with a CAGR of 14.4 % during the forecast period (2019-2026).
Download free sample: https://www.datamintelligence.com/download-sample/asia-pacific-aqua-feed-market
Market Growth
Asia-Pacific contributes to around 90% of the global aquaculture production. The major producing nations are China, India, Vietnam, Philippines, Japan, etc.
China is the major producer of aqua feed and contributes up to 62.3% to the global aqua feed production.
Developing countries have an edge over developed countries in small and medium scale production which generates mass aquaculture products.
Significant technological advancements, plans, and policies are added to the industry for bulk production and increase in the number of countries adopting these change are making it a technologically advanced industry.
Aqua feed production and distribution depend upon the demand.Though feed is the major requirement for the growth of aquaculture, around 30% of total farmed food fish production is practiced without aqua feed.
The production of non-fed species has declined gradually due to the changing practices in emerging economies and improved availability of complex aqua feed.
The use of feed additives like enzymes, probiotics etc for several nutritional and therapeutic benefits has also propelled the markets globally.
Market Segmentation
The market is segmented based on species types such as Fish, Crustaceans, Mollusks, and Others.
By Ingredients type, the market is segmented into Cereals, Oilseed Meals, Supplements, Molasses, Oil, and Others.
Based on Additives, the market is segmented into Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, and Others.
Geographically, the Asia-Pacific Aqua Feed market is segmented into China, India, Japan, Australia, and Rest of Asia-Pacific.
Geographical Analysis
The business prospects of aqua feed in Asia-Pacific region are strong and optimistic.
The major challenge faced by is the huge demand of ingredients for its production. The search is on for alternative sources of raw materials.
The aqua feed market in Vietnam is well developed.
On the other hand, Indonesia has ambitious plans to grow in the industry.
Thailand also has a well-established aquaculture industry, with around 160 registered aquafeed manufacturers.
China is the largest aquaculture market and is also a major producer of aqua feed accounting for 45%- 50% of the worlds production annually.
The aqua feed industry in China is driven by the expanding aquaculture and increased demand for seafood.
The major challenge to the aqua feed industry is the shortage of protein resources.
Extensive research is being conducted to develop alternative cheap protein sources, with focus on plant proteins such as soybean meal, peanut meal, cottonseed meal, corn gluten meal, the replacement for antibiotics and chemicals in the feed with safer material and innovative, environmentally safe feeds.
Scope of the Report
This report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
It profiles companies like Beneo Animal Nutrition, Wens Group, Biomar A/S, Coppens International Bv, Norel Animal Nutrition, Nutriad International NV, Ewos Group, Hanpel Tech Co. Ltd., Aller Aqua A/S., and Ewos Group.
View full report: https://www.datamintelligence.com/research-report/asia-pacific-aqua-feed-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/asia-pacific-aqua-feed-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Asia-Pacific Aqua feed Market is expected to grow with a CAGR of 14.4 % during the forecast period (2019-2026).
Download free sample: https://www.datamintelligence.com/download-sample/asia-pacific-aqua-feed-market
Market Growth
Asia-Pacific contributes to around 90% of the global aquaculture production. The major producing nations are China, India, Vietnam, Philippines, Japan, etc.
China is the major producer of aqua feed and contributes up to 62.3% to the global aqua feed production.
Developing countries have an edge over developed countries in small and medium scale production which generates mass aquaculture products.
Significant technological advancements, plans, and policies are added to the industry for bulk production and increase in the number of countries adopting these change are making it a technologically advanced industry.
Aqua feed production and distribution depend upon the demand.Though feed is the major requirement for the growth of aquaculture, around 30% of total farmed food fish production is practiced without aqua feed.
The production of non-fed species has declined gradually due to the changing practices in emerging economies and improved availability of complex aqua feed.
The use of feed additives like enzymes, probiotics etc for several nutritional and therapeutic benefits has also propelled the markets globally.
Market Segmentation
The market is segmented based on species types such as Fish, Crustaceans, Mollusks, and Others.
By Ingredients type, the market is segmented into Cereals, Oilseed Meals, Supplements, Molasses, Oil, and Others.
Based on Additives, the market is segmented into Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, and Others.
Geographically, the Asia-Pacific Aqua Feed market is segmented into China, India, Japan, Australia, and Rest of Asia-Pacific.
Geographical Analysis
The business prospects of aqua feed in Asia-Pacific region are strong and optimistic.
The major challenge faced by is the huge demand of ingredients for its production. The search is on for alternative sources of raw materials.
The aqua feed market in Vietnam is well developed.
On the other hand, Indonesia has ambitious plans to grow in the industry.
Thailand also has a well-established aquaculture industry, with around 160 registered aquafeed manufacturers.
China is the largest aquaculture market and is also a major producer of aqua feed accounting for 45%- 50% of the worlds production annually.
The aqua feed industry in China is driven by the expanding aquaculture and increased demand for seafood.
The major challenge to the aqua feed industry is the shortage of protein resources.
Extensive research is being conducted to develop alternative cheap protein sources, with focus on plant proteins such as soybean meal, peanut meal, cottonseed meal, corn gluten meal, the replacement for antibiotics and chemicals in the feed with safer material and innovative, environmentally safe feeds.
Scope of the Report
This report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
It profiles companies like Beneo Animal Nutrition, Wens Group, Biomar A/S, Coppens International Bv, Norel Animal Nutrition, Nutriad International NV, Ewos Group, Hanpel Tech Co. Ltd., Aller Aqua A/S., and Ewos Group.
View full report: https://www.datamintelligence.com/research-report/asia-pacific-aqua-feed-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/asia-pacific-aqua-feed-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results