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Follow on Google News | Global Aqua feed Market Will Hit USD 133.10 Billion by 2020: Grand View ResearchGrandViewResearch.com has announced the addition of "Global Aqua feed Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.
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 and can also be purchased directly at http://www.grandviewresearch.com/ Request Sample @ http://www.grandviewresearch.com/ 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. Inquiry Before Buying @ http://www.grandviewresearch.com/ 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: • 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 Latest Market Research Published By Grand View Research: Pico Projector Market Trends, Analysis And Segment Forecasts To 2020 ( http://www.grandviewresearch.com/ Textile Chemical Market Analysis And Segment Forecasts To 2020 ( http://www.grandviewresearch.com/ About Grand View Research Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com Contact: Sherry James, Corporate Sales Specialist Grand View Research, Inc San Francisco, California, USA Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 sales@grandviewresearch.com http://www.grandviewresearch.com End
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