(MENAFN- EIN Presswire)
SHERIDAN, WYOMING, UNITED STATES, October 21, 2021 /EINPresswire.com / -- According to the latest report by IMARC Group, titled“Ecuador Shrimp Feed Market Share : Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026”, the Ecuador shrimp feed market reached a volume of 368,289 Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.3% during 2021-2026.
Ecuador shrimp feed market is currently witnessing strong growth. Shrimp feed is utilized to meet the nutritional requirements of farmed shrimp, such as vitamins, minerals, amino acids, and fatty acids. The use of good quality feed in shrimp farming helps in improving production and increases profit. In addition to this, optimal feed formulation is crucial for attaining maximum nutrient retention by the shrimp. Ecuador has a high production of shrimp, which contributes to a prominent source of non-oil-related foreign income in the region. The country holds potential for the significant expansion of shrimp production that will continue to catalyze the demand for shrimp feed.
Request Free Sample Report:
Being one of the world's largest shrimp producing countries, Ecuador experiences a consistent demand for high-quality shrimp feed for providing essential nutrients. Moreover, various technological advancements in the feed manufacturing process, coupled with the prevalent trend of shrimp aquaculture have also propelled the market growth. Besides this, various purified forms of feed additives are being added to shrimp feed for preserving its nutritional characteristics. This improves the functionality of feed by providing better growth and high production, which in turn is having a positive impact on the growth of the shrimp feed market in the region.
Key Market Segmentation:
Market Breakup by Type
Starter
Grower
Finisher
Market Breakup by Ingredients
Soybean Meal
Fish Meal
Wheat Flour
Fish Oil
Others
Market Breakup by Additives
Vitamin and Protein
Fatty Acid
Antioxidant
Feed Enzyme
Antibiotics
Others
Ask Analyst for Customization and Explore full report with TOC & List of Figures:
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Browse Related Reports:
Guar Gum Powder Market:
Saudi Arabia Aquaculture Market:
Instant Coffee Market:
Table Butter Market:
Soy and Milk Protein Ingredients 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's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here
MENAFN21102021003118003196ID1103012120
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.