San Francisco, California (PRWEB) April 14, 2014
The global market for aquafeed is expected to reach USD 133.1 billion by 2020, according to a new study by Grand View Research, Inc. Increasing use of aquafeed in carp and crustacean farming is expected to boost market demand over the forecast period. The growing market for aquaculture, owing to the static natural production of fishes is expected to be another key driver for market growth over the next six years. In addition, the increasing focus on nutraceuticals such as omega 3 enriched products is also expected to have a positive impact on aquafeed applications.
Key aquaculture additives include antibiotics and amino acids as they cannot be synthesized by the fish but are essential for regular body mechanism. Amino acids were the largest used aquafeed product, with estimated market revenue of USD 236.0 million in 2013. Feed acidifiers are expected to be the fastest growing segment over the forecast period, at an estimated CAGR of 6.1% from 2014 to 2020.
The report “Aquafeed & Aquaculture Additives Market Analysis and Segment Forecast To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/aquafeed-and-aquaculture-additive-market
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global aquafeed market on the basis of end use and region. Furthermore, aquafeed additive market has been split on the basis of product segments:
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Animal Feed Organic Trace Minerals Industry Trends And Market Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/animal-feed-organic-trace-minerals-industry) The global market for animal feed organic trace minerals is expected to reach USD 624.6 Million by 2020, according to a new study by Grand View Research, Inc. Higher bioavailability or organic trace minerals in animals as compared to inorganic counterparts is expected to be a key driver for the market over the next six years. In addition, growing regulatory concerns regarding the hazardous effects of unabsorbed inorganic minerals is expected to further augment the demand for organic counterparts.
Animal Feed Enzymes Industry Trends And Market Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/animal-feed-enzymes-industry) The global animal feed enzymes industry has been experiencing significant growth rates over the last few decades and is expected to grow at a rapid pace over the next few years on account of growing meat consumption. In addition, growing concerns regarding the diseases outbreak amongst animals has also been one of the major factors driving the demand for animal feed enzymes. However, the high cost associated with the feed enzymes on account of rising raw material cost has been acting as one of the major factors inhibiting the market growth.
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