(Australia-NewsWire.Com, June 01, 2017 ) According to the report "Asia-Pacific Aqua feed Market ", published by Market Data Forecast, the global market is projected to reach USD 48.83 billion by 2021, at a CAGR of 12.50% from 2016 to 2021.
Aqua feed is a mixture of raw materials, additives and other supplements, originated from either natural or synthetic sources.
Aqua feed additives comprises of amino acids, vitamins, minerals, enzymes, probiotics, antibiotics, flavours and colorants are the most common additives mixed together in order to form fish feed. Fish production in the world is especially from both Aquaculture and Capture. The dwindling natural sources and other reasons has decreased the dependence on Captured Fisheries. Majority of fish production is used for human consumption directly and a minor portion is used for feed purposes.
The main factors in the Aqua feed market includes development in global fish consumption, expansion in mass production of fish, growing consumer understanding regarding the protein content in the fish food, and limited availability of marine feed resources. Globally inclining population is also assisting the growth of the fish market, eventually increasing the demand for Aqua feed.
The major companies operating in the Asia pacific Aqua feed market are Cargill, Inc., Nutreco N.V., Alltech Inc., AllerAqua A/S, Beneo GmbH, Bio mar A/S, Charoen Pokphand Foods Public Company Limited, and Coppens International B.V.
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