Global Aquafeed Market Size To Reach USD 133.10 Billion By 2020

April 2014 | Report Format: Electronic (PDF)

The global aquafeed market 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.

 To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/aquafeed-and-aquaculture-additive-market

Further key findings from the study suggest:

  • The global aquafeed demand was 37.60 million tons in 2013 and is expected to reach 77.93 million tons by 2020, growing at a CAGR of 11% from 2014 to 2020.

  • Carps were the largest consumers of aquafeed, at 9.70 million tons of global market in 2013. The segment is also expected to witness fastest growth at an estimated CAGR of 11.2% from 2014 to 2020. Carps are rich in omega-3 fatty acids and offer high sources of protein that are low in fat. The growing consumer awareness regarding omega 3 health benefits is expected to drive demand for carps in turn augmenting demand for aquafeed.

  • Mollusks and Crustaceans were the other large application segments for the aquafeed market together accounting for 33% of the global market in 2013. Crustaceans such as lobsters, shrimps and crabs and mollusks such as oysters are increasing being used as exotic food products and improving economic conditions in parts of Asia Pacific is expected to further the demand for aquafeed over the forecast period.

  • Asia Pacific was the most dominant regional market accounting for 65% of global consumption in 2013. The presence of vast aquaculture industry particularly in China is expected to enhance the demand for aquafeed in the region over the next six years.

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:

Aquafeed Additives Product Outlook (Revenue, USD Million, 2012 - 2020)

  • Amino Acids

  • Antibiotics

  • Vitamins

  • Feed Acidifiers

  • Others

Aquafeed Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)

  • Carps

  • Mollusks

  • Crustaceans

  • Salmons

  • Tilapia

  • Catfish

  • Others

Aquafeed Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)

  • North America

  • Europe

  • Asia Pacific

  • RoW

Request Sample
Request for Customization

Choose License Type:

Single User - $3,450
Multi User - $6,450
Enterprise User - $8,450

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA