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Aqua Feed Market (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers) Worth $106 Billion By 2018 - New Report by MarketsandMarkets
Date:11/1/2013

h. Other positive factors driving the demand of the industry include growth in aquaculture industry, increased consumption of sea food, flexibility to use raw materials depending on availability and increasing income of middle class population in developing nations. However, the rising cost of essential raw materials like fish meal and fish oil is the major obstacle in growth of the market. One of the key restraining factors for aqua feeds market is the high product cost associated with these. Growth is particularly high in countries such as China, Vietnam, and Ecuador because of increasing awareness levels on increasing yield and high efficiency of aqua feeds which result in high-quality produce.

The global market for aqua feeds was estimated to be worth around $55,685 million in 2012 and is expected to reach $106,695.7 million by 2018, growing at the CAGR of 12.1 percent from 2013 to 2018. Leading manufacturers are focusing on expansion of the respective businesses across regions and setting up new manufacturing plants to ramp up production capacities and broaden overall product line. Major industry participants are involved in new product launches and collaborations to penetrate untapped markets of Asia and Latin America.

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