Aquafeed Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report
“The global Aquafeed Market was projected at US$ 69.72 billion in 2014. The scope of the market is projected to touch US$ 133.1 billion by the completion of the year 2022.”
The global Aquafeed Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global Aquafeed Market was projected at US$ 69.72 billion in 2014. The scope of the market is projected to touch US$ 133.1 billion by the completion of the year 2022. It is expected to record a CAGR of 11.4% during period of forecast. Aquafeed can be well-defined as nutrition particularly set for aquatic animals so as to satisfy their nourishing necessities. The feed is normally equipped with particular materials and flavors that are nutritional in nature and added in precise small quantities. These days the aquafeed is existing in huge varieties of product, due to improved fascination of customer in the direction of its functionality and species particular necessities. Aquafeed is resulting merely from plant sources, for example concentrate of sunflower protein, canola oil, soy meal, and corn gluten meal. Among them, the maximum regularly utilized constituent in aquafeed is oceanic bases for example fish oil and fish meal. In the present scenario, the maximum favored and sold form of it among the whole worldwide aquafeed products is the extruded category of aquafeed, owing to its greater percentage of disintegration and quicker beginning of act in fish.