Europe Aquafeed Market Growth and Outlook | Industry Forecast Report 2021
The Europe Aquafeed Market was worth $23.91 billion in 2016 and estimated to be growing at a CAGR of 11.70%, to reach $41.58 billion by 2021
(EMAILWIRE.COM, December 08, 2017 ) Aquafeed is a mixture of raw materials, additives and other supplements, sourced from either natural or synthetic sources and are fed to the aquaculture.Aqua feed additives include amino acids, vitamins, minerals, enzymes, probiotics, antibiotics, flavors and colorants are the most common additives blended to form fish feed. Fish production in the world is mainly from both Aquaculture and Capture. The end consumers of Aqua feed are fish, molluscs, crustaceans etc. Tilapia is the most farmed fish, raised in 135 countries whereas Shrimp is the largest aquaculture commodity.
The growth of the Europe Aquafeed market is majorly driven by factors such as growing consumer awareness regarding the protein content in the fish food, and limited availability of marine feed resources. With latest technologies that focus on improving the quality of the feed, there is a constantly increasing demand for them. However, complex regulatory bodies in the European Union and increasing cost of operations are the main factors hindering the growth of this regional market.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/europe-aquafeed-market-659/request-sample
The Europe Aquafeed market is segmented based on End Use and Additives. On the basis of End Use, the global Aquafeed market is segmented into Fish, Mollusks, and Crustaceans. Fish is further sub segmented into Carp, Salmon, Tilapia, Catfish, and others. Mollusks is further sub segmented into Shrimp, Crab, and others. Crustaceans is further sub segmented into Oyster, Mussel, and others. Carp fish type has been observed to have the highest market share in fish feed market. This is due to their abundant availability and popularity as common carp fish types are tolerant to most water conditions. On the basis of Additives, the global Aquafeed market is segmented into Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders. Amino acids are an essential component of aquafeed with a market share of almost 21% in the total of aquafeed market in 2016.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. It has about a market share of 24% and is just trailing behind Asia-Pacific region. It is one of the top consumers of aquafeed and aquafeed additives and has strengthened exponentially in the last few years and a comparable trend is anticipated to continue in the next ten years.
Some of the major companies dominating the market in this region are Cargill, Inc., Nutreco N.V., Alltech Inc., AllerAqua A/S, Beneo GmbH, Biomar A/S, Charoen Pokphand Foods Public Company Limited, and Coppens International B.V.
The growth of the Europe Aquafeed market is majorly driven by factors such as growing consumer awareness regarding the protein content in the fish food, and limited availability of marine feed resources. With latest technologies that focus on improving the quality of the feed, there is a constantly increasing demand for them. However, complex regulatory bodies in the European Union and increasing cost of operations are the main factors hindering the growth of this regional market.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/europe-aquafeed-market-659/request-sample
The Europe Aquafeed market is segmented based on End Use and Additives. On the basis of End Use, the global Aquafeed market is segmented into Fish, Mollusks, and Crustaceans. Fish is further sub segmented into Carp, Salmon, Tilapia, Catfish, and others. Mollusks is further sub segmented into Shrimp, Crab, and others. Crustaceans is further sub segmented into Oyster, Mussel, and others. Carp fish type has been observed to have the highest market share in fish feed market. This is due to their abundant availability and popularity as common carp fish types are tolerant to most water conditions. On the basis of Additives, the global Aquafeed market is segmented into Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders. Amino acids are an essential component of aquafeed with a market share of almost 21% in the total of aquafeed market in 2016.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. It has about a market share of 24% and is just trailing behind Asia-Pacific region. It is one of the top consumers of aquafeed and aquafeed additives and has strengthened exponentially in the last few years and a comparable trend is anticipated to continue in the next ten years.
Some of the major companies dominating the market in this region are Cargill, Inc., Nutreco N.V., Alltech Inc., AllerAqua A/S, Beneo GmbH, Biomar A/S, Charoen Pokphand Foods Public Company Limited, and Coppens International B.V.
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results