[231 Pages Report] Aqua feed are prepared by mixing various raw materials and additives for specific aquatic species to provide them adequate nutrition. These feeds are fed to aquatic animals to develop immune resistant and promote growth. A better quality aqua feed is much more beneficial for fish, shrimp, and prawn than farm made due to their balanced and need specific composition. Owing to recent rise in consumption of aquatic animals across the world, manufactures are focusing on developing such feed which not only ensures nutrition requirement but helps aquatic animal fight against disease outbreaks.This growth is primarily driven by Growing Demand for Aquatic Foods Owing to Health Benefits Associated with It and Increasing Fish Farming and Aquaculture Trade.
Globally, a noticeable market trend is evident Demand for Aqua Feed which Helps Cure Diseases
. The Agricultural Products sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as CP Group (Thailand), Deepak Nexgen Feeds (India), Grobest (Taiwan), Tongwei Group (China), Cargill (United States), New Hope Group (China), Avanti Feeds (India), Uni-President Vietnam (Vietnam), Growel Feeds (India) and Malindo Feedmill (Indonesia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On February 2020 Aquasoja has launched a new juvenile fish feed. The aim of launching a new product is to expand its portfolio and tapped the market in the forecast period.
Regulatory Insights:Aquaculture in the United States of America is regulated at the federal and state level. The FDA of the Department of Health and Human Service (DHHS), the Department of Agriculture (USDA) and the Environmental Protection Agency, are the leading federal agencies that regulate aquaculture within the United States of America. At the federal level, aquaculture is defined in the National Aquatic Act of 1980 as the “propagation and rearing of aquatic species in controlled or selected environments, including but not limited to, ocean ranching (except Private Ocean ranching of Pacific salmon for profit in those States where such ranching is prohibited by law)”
- Growing Demand for Aquatic Foods Owing to Health Benefits Associated with It
- Increasing Fish Farming and Aquaculture Trade
- Demand for Aqua Feed which Helps Cure Diseases
- Focus on Sustainable and Less Antibiotics Feed Production
- Growing Use of Antibiotics in Aquaculture
- Risk of Disease Outbreaks
OpportunitiesGrowing Government Support to Enhance Aquaculture and Innovations and Products Differentiation with Focus on Healthy Feed Production
ChallengesMaintaining Aqua Eco-systems Owing to Adverse Effect of Rapid Rise in Aquaculture and Increasing Raw Materials Prices
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the ReportAMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Aqua Feed Study Sheds Light on The Aqua Feed Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Aqua Feed industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aqua Feed industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.