© 2016 Global Market Insights, Inc. USA. All Rights Reserved Aquafeed Market to witness growth of $200 Bn By 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Aquafeed & Aquaculture Additives Market size is set to surpass USD 200 billion by  Growth in fish consumption and growing seafood industry should stimulate aquafeed & aquaculture additives market size. Fish and other aquatic animals are playing a key role mainly in the China, India, Thailand, and Malaysia owing to broad range of fishery resources in both freshwater and marine, resulting into increased product demand.  Asia Pacific led by China, India, Japan and South Korea aquafeed market size may be valued at over USD 125 billion by Increase in seafood consumption in India and China along with shift in consumer preference towards healthy and convenient diet has accounted for rise in aquaculture output.  Rising government initiatives for environmental and social change along with growing importance in carp’s business should propel industry growth in Asia Pacific region. Key Insights from Aquafeed Market

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Aquaculture additive market from amino acid is likely to reach over USD 400 million at the end of Manufacturers are using amino acids in aquatic feed as they can potentially reduce nitrogen excretion. Increase in consumption of seafood along with shift in traditional aquatic feeding ways to commercial feeding techniques should enhance product demand.  North America, with significant gains in the U.S. aquaculture additives market size should witness gains close to 4% in sales during the projected timeline. Rise in imported fish and fishery products joined with growing demand for tilapia and catfish feed in this region has resulted in regional aquaculture industry expansion.  Cargill, Alltech, Ridley Corporation, Norel Animal Nutrition, Aller Aqua A/S, Beneo Ingredients GmbH, BASF, DSM, ADDCON, Novus International and Evonik Industries are the prominent industry participants in aquafeed & aquaculture additive market. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Europe Aquafeed Market Size, By End-Use, 2016 & 2024, (USDMillion)

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