Aquafeed Market
Fish and molluscs end use segments together dominated the aquafeed market, and are estimated to grow with the CAGRs of 13.3% and 13.4%, respectively. Around half of the fish feed was consumed by carps and salmon collectively in 2015. The increasing per capita consumption of fish is expected to continue during the forecast period, owing to surging demand for seafood and protein rich diets, fuelling growth for the aquafeed market for fish.
Fish and molluscs end use segments together dominated the aquafeed market, and are estimated to grow with the CAGRs of 13.3% and 13.4%, respectively. Around half of the fish feed was consumed by carps and salmon collectively in 2015. The increasing per capita consumption of fish is expected to continue during the forecast period, owing to surging demand for seafood and protein rich diets, fuelling growth for the aquafeed market for fish.
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Introduction<br />
• Global aquafeed market is expected to reach $156 billion by 2022,<br />
supported by a CAGR of 13.3% during the forecast period 2016 to 2022.<br />
• <strong>Aquafeed</strong> has become crucial to aquaculture industry due to its nutritional,<br />
immune resistant, and growth promoting properties.<br />
• Increasing global seafood consumption and growing consumer awareness<br />
on quality of seafood products are boosting the aquafeed market growth.<br />
• The Asia-Pacific offers the highest market growth.
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