Aquafeed Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies And Segment Forecast, 2012 To 2022

Hexa Research Inc.
Industry Research,Custom Research & Consulting
Rising prevalence of obesity, cardiovascular diseases and other illnesses including diabetes is anticipated
to augment demand for omega-3 supplements over the forecast period. Omega-3 fatty acids are
obtained from a variety of fish including tuna, salmon, whale blubber, cod liver and seal blubber.
Global consumer spending on EPA/DHA omega-3 products was over USD 25 billion in 2011. Infant
formula was the largest segment for which consumers across the globe spent over USD 10 billion,
followed by fortified food & beverages which accounted for approximately USD 8 billion. Rising
consumer demand regarding the benefits of EPA/DHA in regular diet is anticipated to subsequently have
a positive impact on aquafeed market over the forecast period.
Application Overview
Carp dominated the application segment for aquafeed market with a revenue generation exceeding USD
19 billion in 2014. It is anticipated to be the fastest growing application segment over the forecast.
Increasing importance of omega-3 fatty acids in food & beverage industry owing to importance of
reducing cholesterol levels is expected to increase the farming activities meant for carps.
Mollusks accounted for more than 20% of the total volume in 2014 and are expected to grow at
significant growth rates of over 11% from 2015 to 2022. Mollusk, which includes oysters and clams,
contains important nutrients & offer health benefits to humans. They are also used as filter feeders for
water quality applications by filtering contaminants, sediments and nutrients. Increasing application
scope of mollusks in agriculture and DHC is expected to drive aquaculture farming and thus result in
promoting aquafeed industry growth.
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Product Overview
Amino acids emerged as the dominant product segment for aquafeed additives market with revenue
exceeding USD 200 million in 2014. Increasing importance of amino acids to improve efficiency of
protein utilization in animal feeding is expected to be a favorable factor for industry growth. Lysine,
methionine, threonine, and tryptophan are some product forms of amino acids used as additive in
aquaculture. Stringent regulations of European Commission, aimed at promoting the use of plant-based
growth regulators in animal feed industry are expected to fuel amino acids demand in the near future.
Antibiotics product segment accounted for more than 20% of aquafeed additives market in 2014 and is
expected to below average growth rates with an estimated CAGR of over 3% from 2015 to 2022.