The market is the fastest growing segment of the global feed premix market. Estimated to grow at a CAGR of 4.02%, demand for aqua feed premixes is expected to reach USD XX million by 2022.
The rising global demand for fish and fish products and growth in aquaculture industry has led to increased consumption of fish feed. The farmers expect cost effective and efficient feed to amplify the productivity of the farms. As a result, the demand and consumption of compound feed is likely to grow. The feed manufacturers are incorporating additives to improve the quality of feed and cater to the needs of more number of farmers.
North America accounts for the maximum share in the feed premixes market. Europe and Asia-Pacific accounted for around 60% of the total market share in 2013.
Asia-Pacific is forecasted to be the fastest-growing region growing at the rate of 3.9%. China accounts for the largest share. Brazil and Chile are potential countries in South America due to the healthy sprawling aquaculture industry in the region.
Key Industry Players
The leaders in the global fish feed premix market include:
Key Deliverables in the Study: