Kenneth Research, in its repository of market research reports, have recently added a report on the Aquafeed Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Aquafeed Market products.

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The global Aquafeed market was valued at USD 98.29billion in 2016 and is projected to reach USD 226.13billionby 2025, growing at a CAGR of 9.7% from 2017 to 2025.
The growing importance of fish derived products is driving demand for aquafeed. The new product development aimed at developing fortified versions of existing market products is expected to further augment market demand. The rise in fish farming activities is expected to have a positive impact on sales.

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Rising seafood trade
1.2 Growing aquaculture industry
2. Market Restraints
2.1 Price volatility of raw materials
2.2 Food safety concerns

Market Segmentation:
The global Aquafeed market  is segmented on the end user, ingredient, additive, and region.
1. By End User:
1.1 Mollusks
1.2 Fish
1.3 Crustaceans
1.4 Others

2. By Ingredient:
2.1 Fish meal
2.2 Fish oil
2.3 Additives
2.4 Corn
2.5 Soybean
2.6 Others

3. By Additive:
3.1 Antioxidants
3.2 Antibiotics
3.3 Vitamins
3.4 Feed Enzymes
3.5 Amino Acids
3.6 Feed Acidifiers
3.7 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

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Competitive Landscape:
The major players in the market are as follows:
1. Archer Daniels Midland Company
2. DE Heus Animal Nutrition
3. Dibaq AS
4. Nutreco NV
5. Norel Animal Nutrition
6. Avanti Feeds Limited
7. Biomin Holding GmbH
8. Cargill
9. Biomar
10. Land O' Lakes
11. Aller Aqua A/S
12. Alltech
13. Nutriad
14. Ridley Corporation Limited
15. Biostadt India Limited

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Aquafeedmarket was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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