(MENAFNEditorial) As per the syndicated report published by Market Data Forecast Europe Aquafeed Market which is estimated to be USD 23.91 billion in 2016 is poised to reach USD 41.58 billion by 2021, at a CAGR of 11.70% from 2016 to 2021. It can attribute to the factors such as Innovation in the development of product, Advancement of technology, Modernisation of existing markets, increasing awareness for protection of aquatic animals and High level of mercury and other toxins found in seafood. However certain challenges like increasing competition in the market, Limited availability of aquafeed resources and Stringent Government Regulations must be dealt with to attain the full potential.
To give a brief idea, Aquafeed is the meal thats given to aquatic animals. In the production of aquafeed extrusion technology is widely used because of maintenance of its nutrients, stability in supply of water and mostly due to its environment friendly nature.
The established ability for taking raw materials in an aquafeed mill shall be 2-3 times than the capacity of its production. Prior to the treatment of fine grinding or ultra-fine grinding in the production of aquafeed, coarse grinding is established to eliminate the differences in materials and efficient production of finished materials with high quality. Primary proportioning and batch mixing are established to restrict the size variations before ultra-fine grinding inclusive of proportioning bins with a storage capacity to sustain 4-6 hours. Preconditioning is used to condition the material prior to the extruder cooking stage, in an appropriate manner which is followed by extrusion, drying, coating and cooling and bagging process. The techniques and equipment used for the aquatic mill must be optimised based upon sustainable profits during the long term.
Europe Aquafeed Market is segmented based on end-uses and additives as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Based on End-use:
Fish:
Carp
Salmon
Tilapia
Catfish
Others
Mollusks:
Oyster
Mussel
Others
Crustaceans:
Shrimp
Crab
Others
Based on Additives:
Vitamins
Minerals
Anti -oxidants
Amino acids
Enzymes
Acidifiers
Binders
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). As per the study, Europe is among the top regions to hold the major market share globally.
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Cargill, Inc., Nutreco N.V., Alltech Inc., AllerAqua A/S, Beneo GmbH, Biomar A/S and Charoen Pokphand Foods Public Company Limitedare the major players operating in the Europe Aquafeed Market. Therefore, the rising competition among key players is because of technological advancements and awareness about health of animals.
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The Aquafeed market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries
Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses
Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Agricultural Segment:
Global Agricultural Market: http://www.marketdataforecast.com/research-reports/agriculture-2/
Agrochemicals Market: http://www.marketdataforecast.com/research-reports/agriculture/agrochemicals-8/
Global Aqua feed Market: http://www.marketdataforecast.com/market-reports/global-aquafeed-market-655/
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