According to the report North America Aquafeed Market, published by Market Data Forecast, the Global market is projected to reach USD 180 billion by 2025, at a CAGR of 10.6% from 2020 to 2025.
The food of water animals which provides them with complete nutrition is called as Aquafeed. These food substances contain growth enhancers as well as strength promoters which is a very important element for Aquatic animals.
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North America Aquafeed Market: Drivers & Restraints
Growth in knowledge of people, high spending abilities and rising popularity of seafood are some factors which propel growth. However highly expensive raw substances is hindering market.
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North America Aquafeed Market: Segmentation
By End Use
· Amino Acids
· North America
o United States
o South Korea
· Latin America
o Rest of Latin America
· Middle East & Africa
North America Aquafeed Market: Overview
As was found in 2020, Fish commands the market because of the boost received by Aquaculture practice as well as growing fishing trend.
North America commanded the biggest market share as it held almost a third of the global market share. It will keep up its position in future.
North America Aquafeed Market: Key Players
Major companies in this market are Ridley Corporation Limited, Beneo GmbH, Cargill, Charoen Pokphand Foods, Nutreco N.V , AllerAqua A/S, Coppens International B.V., and Biomar A/S.
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