COVID19:AQUAFEED MARKET TO REACH USD 79.4 BILLION BY 2027 | CAGR 6.7% — FORENCIS RESEARCH

  • According to the new market research report “Aquafeed Market by Additives (Minerals, Vitamins, Antioxidants, Enzymes, Amino Acid, Acidifiers, Others), by Ingredients (Soybean, Corn, Fish Meal, Fish Oil, Others), by Form (Dry, Wet, Moist), by Lifecycle (Grower Feed, Finisher Feed, Starter Feed, Brooder Feed), by Application (Fish, Mollusks, Crustaceans, Others)by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global aquafeed market is estimated to reach USD 79.4 Billion by 2027 at a CAGR of around 6.7% during the review period.
  • Aquafeed is prepared for aquatic animals by mixing additives and raw materials are called as aquafeed
  • Aquafeeds are gaining importance in aquaculture due to its immune resistant, nutritional and growth promoting properties
  • High quality aquafeed is exponentially more beneficial to fish, mollusks, crustaceans & other aquatic animals than farm-made feed due to their balanced and need specific composition
  • Growing need of aquafeed in aquaculture industry, due to increased sea food consumption, opening commercially viable business opportunities, and growing exports has anticipated to drive the growth of the product market
  • Increasing direct human consumption (DHC) of fish and fish products has expected to boost growth of aquafeed market during the forecasted period
  • Increasing government regulation due to environmental impact may hinder the growth of aquafeed market
  • Asia Pacific
  • Europe
  • ADM Animal Nutrition:
  • Cargill, Incorporated:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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