The global aquafeed market revenue is expected to register a lucrative CAGR over the forecast period. Growing consumer awareness regarding omega 3 health benefits is expected to create demand for fish which in turn drives growth of the global aquafeed market over the forecast period. Increasing consumption of sea food is major factor expected to propel growth of the market over the forecast period. In addition, rapidly growth aquaculture industry is another factor expected to boost the growth of market over the forecast.
The global aquafeed market report has been segmented on the type, livestock, form, and region.
Based on additive product, the global aquafeed market is segmented based on amino acids, antibiotics, vitamins, feed acidifiers, and others. The amino acids segment is expected to hold major revenue share as compared to that of other additive product. Feed acidifiers segment is expected to witness rapid growth rate over the forecast period.
Request for the Sample Report Here: https://marketresearch.biz/report/aquafeed-market/request-sample/
Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific region holds major revenue share of the global aquafeed market over the forecast period. Increasing demand for aquafeed in countries such as India and China is expected to propel growth of the aquafeed market in the region over the forecast period. In addition, rapidly growing aquaculture industry, ease of availability of natural resources, and cheap labor are some factors expected to drive growth of global aquafeed market in the region over the forecast period. Market in Europe is expected to register highest growth rate.
Some prominent players in the global aquafeed market are Archer Daniels Midland Company, Ridley Corporation Limited, Nutreco N.V., Avanti Feeds Limited, Cargill, Purina Animal Nutrition, Alltech, Biostadt India Limited, Nutriad, and Aller Aqua A/S.