The use of aquafeed has grown significantly since the turn of the millennium. Additionally, the aquafeed ingredients such as fish oil, fish meal, wheat flour, vegetable proteins, additives and vitamins have witnessed considerable price fluctuations. The growing replacement of marine ingredients by vegetable origin has moderated the economic pressure on feed manufacturers and farmers.
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Aspect such as soaring demand for commercialization of aquaculture and automated feed dispensers for feed optimization are likely to propel the growth of the market for aquafeed. Additionally, the market has witnessed enhanced supply chain system which is projected to act as a catalyst in the aquafeed market. These introductory actionable insights are according to the report titled, "Aquafeed Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2026," which has been recently encompassed in the exhaustive repository of Market Research Reports Search Engine (MRRSE). Assessing a host of factors with respect to market revenue, the market for aquafeed is expected to expand at a CAGR of over 5% over the forecast period.
Aquafeeds draw on significant amount of corn and soy from industrial farms, posing challenge to the environment owing to use of fertilizers and runoff into lakes, rivers and coastal waters. Moreover, aquafeeds encourage nutrient pollution in aquaculture effluent. In order to address this concern, scientists have developed feeds using a marine microalga co-product aimed at making aquafeed more sustainable.
The report provides an exhaustive analysis on aquafeed market for the forecast period 2018-2026 through qualitative and quantitative analysis. Further, the report focuses on the dynamics incorporating drivers, restraints, trends and opportunities that have considerable influence in the development of aquafeed market. The report further limns a comprehensive segmentation to provide a holistic view of the aquafeed market. The report is segregated on the basis of form, species, function and region.
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The report begins with executive summary followed by market introduction and market dynamics. The market dynamics section delineates product types of claims on processed food products, value chain analysis and aquaculture market overview. The value chain analysis provides an in-depth analysis on the aquafeed market.
The final section provides actionable insights on the competitive landscape of the aquafeed market, including a dashboard view, competition position index, market structure analysis and mergers & acquisitions in the aquafeed industry. The final section provides insights on financial overview, company overview, industry portfolio, strategies and recent developments.
Trove of primary and secondary sources propels the report on aquafeed market. Primary sources offer actionable insights through information received first-hand on aspects incorporating competitive landscape, market size, growth trends, and market size. As such, these facets have turned out to be invaluable in validating and bolstering finding from secondary research. The collated data are assessed and discerned meticulously by panel of expert.
Assessment of the trends in aquafeed alluded that the researchers applied quantitative methods with the assistance of different statistical analysis techniques.
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Aquafeed Market to Expand at a CAGR of over 5% throughout the Forecast Period
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