Aqua Feed Market forecasted to reach US$
48600 million in 2023
The Report Global Aqua Feed Market by Manufacturers,
Countries, Type and Application, Forecast to 2023 provides
information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants.
Global Aqua Feed Market Synopsis:
According to Market Analyst, The Global Aqua Feed Market is expected to grow at an impressive
Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The Aqua Feed industry has also suffered a certain impact, but still maintained a relatively optimistic
growth, the past four years, Aqua Feed market size to maintain the average annual growth rate of
0.0325207679168 from 34000.0 million $ in 2014 to 39900.0 million $ in 2018, Market analysts believe
that in the next few years, Aqua Feed market size will be further expanded, we expect that by 2023, The
market size of the Aqua Feed will reach 48600.0 million $.
Aqua feed is generally prepared with specific ingredients and additives that are nutritive in nature, and
are supplemented in very small amounts. Aqua feed is now available in vast product ranges, owing to
increased consumer attraction towards its functionality and species-specific requirements.
Increasing global seafood consumption and growing consumer awareness on quality of seafood
products are boosting the aqua feed market growth. Furthermore, rising per capita income, especially
from developing nations, is expected to maintain the growth of aquaculture and aquafeed industry.
Global Aqua Feed Market has been segmented on the Basis of Product Type, Industry and Region. Based
on Product Type, Aqua Feed Market can be sub segmented into Premix Feed, High-End Extruded Feed,
Aquatic Feed. Based on Industry Type, Market divided into Poultry, Ruminant, Pig, Aqua, Pet.
Regionally, Europe is projected to be the fastest-growing market for aqua feed between 2019 and 2023.
Norway, Germany, Spain, France, the U.K., and Greece are the major countries covered in Europe. The
region is a rise in demand for advanced aqua feed, to improve the quality and enhance the aquaculture
production.