Global Aqua Feed Market is Expected to Reach USD 122.60 Billion in 2019: Transparency Market Research

   Global Aqua Feed Market is Expected to Reach USD 122.60 Billion in 2019:
                         Transparency Market Research

  PR Newswire

  ALBANY, New York, April 1, 2014

ALBANY, New York, April 1, 2014 /PRNewswire/ --

According to a new report published by Transparency Market Research "Aqua Feed
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2013 - 2019," the global demand for aqua feed was valued at USD 57.74 billion
in 2012 and is expected to reach USD 122.60 billion in 2019, growing at a CAGR
of 11.4% from 2013 to 2019. In terms of volume, the demand was 35,000.0 kilo
tons in 2012 and is expected to reach 72,207.8 kilo tons in 2019, growing at a
CAGR of 10.9% from 2013 to 2019.

Increasing aquaculture activity has been one of the major factors driving the
demand for aqua feed over the past few years and the trend is expected to
continue over the next few years. In addition, growing human consumption of
fish owing to rising consumer awareness about health benefits is expected to
fuel the demand for aqua feed over the next few years. However, fluctuating
prices of key ingredients used in manufacturing fish feed such as fish meal
and fish oil is expected to affect the growth of the market adversely. Growing
demand for conventional and functional feed for fishes, particularly from Asia
Pacific is expected to provide new opportunities for the market growth in near
future.

Browse Global Aqua Feed  Market Report with Full TOC at
http://www.transparencymarketresearch.com/aqua-feed-market.html

Carps were the largest end-user of aqua feed accounting for over 25% of the
market share in 2012. Crustaceans and carps are expected to be the fastest
growing end-users of the market owing to their increasing farming activities
in aquaculture. Carps are being increasingly reared due to their growing
demand in the retail market and high mortality rates in less than ideal
climatic conditions. Demand for crustaceans is expected to grow rapidly over
the next few years on account of its growing demand in the food and
pharmaceutical industry. The demand for aqua feed is expected to be above
average for species such as mollusks and salmons owing to their increasing
demand for human consumption.

Asia Pacific led the demand for aqua feed in 2012 and accounted for over 65%
of the market share. Europe was the second largest market for aqua feed in
2012. Asia Pacific is expected to witness the highest growth over the next few
years on account of rising aquaculture activities in this region. In addition,
regional demand for fish for food and non-food use is expected to contribute
to the growth of the market significantly over the next few years. Some of the
key players of the markets are Alltech Inc., BioMar A/S, Cargill Incorporated,
Cermaq ASA and many others.

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Aqua Feed Market: End-use Analysis 

Crustaceans

Mollusks

Carp

Salmon

Catfish

Tilapia

Others

Browse Global Aqua Feed  Market Report with Full TOC at
http://www.transparencymarketresearch.com/aqua-feed-market.html

Aqua Feed  Market: Regional Analysis 

  *North America
  *Europe
  *Asia Pacific
  *RoW

Browse all Food & Beverages Market Research Reports @
http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html

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