DUBLIN, Nov. 11, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Aquafeed Market by End Consumption by Additives by Geography - Global Trends & Forecasts to 2019" report to their offering.
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Over the last two decades, the aquafeed industry has shown parallel growth to the aquaculture industry. Aquafeed is a demand-driven industry. There is growing expectation for aquaculture to meet the shortfall of aquatic products and to cater to the growing demand of the increasing population. This industry is driven by the increase in the fish meat consumption which is due to the boom in the world population. China is responsible for most of the growth that is happening in the Asia-Pacific region. There is a clear trend towards the development and implementation of safety and quality standards. In the last decade, greater emphasis was placed on better aquatic animal health management and food safety following public concerns and reports of contaminants in fish products in all regions of the world.
The international and national demand for safe and higher-quality aquatic products is increasing wherein there is a clear need to improve product quality and safety. There are improvements in cold chains and control systems for ensuring product quality and safety due to which more emphasis will be put for these aspects in the coming years. Countries are continuing to introduce species or strains for aquaculture, while efforts are made to develop specific strains for aquaculture; particularly for the high-value species. For instance, in the shrimp farming sector, effort has doubled to attain the capability to locally commercialize the production of SPF (specific pathogen free) and SPR (specific pathogen resistant) broodstocks of a number of species (Penaeus vannamei, Penaeus chinensis, and Penaeus monodon).
The Asia-Pacific market topped the revenue chart of the global aquafeed industry, accounting for around 76.1% and 75%, both by value and volume respectively, of the total market. The aquafeed market is expected to grow at CAGRs of 12.1% and 10.7% both by value and volume from 2014 to 2019, with the highest growth projected in the Asia-Pacific region.
The aquafeed market, in terms of value, was dominated by the Asia-Pacific region in 2013. China is one of the major countries and also a leading producer of aquafeed. The rapid development of the aquaculture industry in China has contributed in improving food supply, as well as generated job opportunities and income for the people in China. The European region is the second-largest market while North America ranks third, as it is the most advanced producer of animal feeds globally.
The key players covered in aquafeed market report include Alltech Inc. (U.S.), Aller Aqua A/S (Denmark), Beneo Group (Germany), BioMar A/S (Denmark), Biomin GmbH (Austria), Cargill Incorporated (U.S.), Charoen Pokphand Foods Public Company Limited (CPF) (Thailand), Coppens International B.V. (Netherlands), Nutreco N.V. (Netherlands), and Ridley Corporation (Australia) with their recent development strategies studied in detail in this report.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aquafeed Market, By Additive
8 Aquafeed Market, By Livestock
9 Aquafeed Market, By Geography
10 Competitive Landscape
11 Company Profiles
12 Appendix
Companies Mentioned:
- Aller Aqua A/S
- Alltech Inc.
- Beneo - Animal Nutrition
- Biomar A/S
- Biomin GMBH
- Cargill Incorporated
- Charoen Pokphand Foods Public Company Limited
- Coppens International B.V.
- Nutreco N.V.
- Ridley Corporation
For more information visit http://www.researchandmarkets.com/research/2kg8cv/aquafeed_market
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
