Global Aquafeed Market Report, Industry Overview, Growth Rate and Forecast 2024

The latest report by IMARC Group, titled “Aquafeed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the global aquafeed market reached a volume of more than 49.3 Million Tons in 2018. Aquafeed refers to commercially manufactured feed for aquatic animals. It is usually made up of various raw materials and additives including plants, marine animals, terrestrial-based live feeds, grain products, vegetable protein and fish oil. The feed provides a balanced diet which is essential for rearing healthy fishes. It is rich in nutrients like protein, vitamins, minerals, carbohydrates, and lipids and fats which aid in promoting efficient growth and encourage reproduction among aquatic animals.

Request a Free Copy Sample Report: https://www.imarcgroup.com/aquafeed-market/requestsample

Aquafeed Market Trends:

Improved aquaculture activities along with the increasing demand for seafood owing to the growing awareness about its nutritional benefits is one of the key factors driving the market growth. Consumers are now more inclined toward incorporating seafood such as tuna and crab in their daily diet. Moreover, the demand for high-quality seafood products has positively influenced the supply of improved aquafeed across the globe. Also, the availability of ready-to-eat products caters to the diversified taste and preferences of the consumers. Furthermore, manufacturers are constantly utilizing natural resources and sustainable raw materials to produce aquafeed that is beneficial for both the human and environment health. For instance, the new algae- and plant-based raw materials are continually replacing fish oil, whereas soybean meal is substituting fish meal protein in aquafeed. Owing to the aforementioned factors, the market is expected to reach a volume of 90.4 Million Tons by 2024, growing at a CAGR of 10.5% during 2019-2024.

Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/aquafeed-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group
Email: [email protected]
Tel No:(D) +91 120 433 0800 | www.imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331
Linkedin: https://www.linkedin.com/company/imarc-group