The increasing demand for seafood is likely to promote healthy growth of the market, states Aquatic Feed Supplement Market Size, Share & Industry Analysis, By Product type (Anti-Parasitic, Feed Acidifiers, Prebiotics, Essential Oils & Natural Extracts, Palatants, Others), By Application (Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, Others) and Regional Forecast, 2020-2027.” The increasing production of quality feed is expected to foster healthy growth of the market.
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Growing Consumer Demand for High-Quality Seafood Products to Augment Growth:-
The increasing consumer demand for healthy and high-quality seafood products can enable the speedy expansion of the market. The rising quality of feed and nutrient use coupled with environmental management, are expected to spur demand for aquatic feed additives. Aquatic feeds are essential substances that provide a full diet for diverse sea organisms, including fishes. These are complicated meals that consist of different ingredients, including plant protein, minerals, vitamins, and grains of cereals. Aquafeed is prepared in the form of pods and improves the immunity, nutrition, and efficiency of aquatic animals, and provides nutritional benefits. These products help fish grow stronger while also boosting the immune system against microbial infections. Hence, the increasing consumption of seafood around the word is expected to improve the market’s possibilities simultaneously. However, environmental sustainability concerns are expected to restrict the growth of the market. Marine fish digest feed and start releasing ammonia and excrement into the water, thus hampering the environment.
The Report Lists the Key Companies in the Aquatic Feed Supplement Market:
- Olmix Group
- Lallemand, Inc.
- Kemin Industries
- Nouryon, Inc
- Calanus AS
- DuPont de Nemours Inc
- Camlin Fine Sciences Ltd.
- Diana Group
- Phileo by Lesaffre
- Norel S.A.
- Aker Biomarine.
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High Consumption and Production to Propel Market in Asia Pacific:-
The market in Asia Pacific is expected to dominate the global market during the forecast period due to the high consumption and production of fish in the regiob. Rapid growing population, increased cases of marine-borne diseases in the aquatic feed industry as a result of increasing incidences of infectious diseases promotes the use of antimicrobial aquatic feed supplement, thus boosting the market in the region. North America is expected to experience a rapid growth rate during the forecast period owing to the rising seafood consumption in countries such as the United States and Canada. The surging fish farming industry is expected to create opportunities for the market in Europe. The rising disposable income along with high fish consumption and improved processed seafood can aid expansion of the market in North America. The Middle East and Africa is expected to heavy demand due to growing sea-food demand.
October 2017: Olmix Group, a Specialist in natural algae-based solutions, announced its first factory in Asia. The factory will offer approximately 15,000 tons of animal feed additives and nutraceuticals for feed manufacturing farms.
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The Aquatic Feed Supplement Market Report Comprises Of:
All-encompassing scrutiny of the market
- Valuable data about key players
- Emerging market trends
- Important insights into the competitive landscape
- Dominant regions
- Latest drivers and restraints
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