DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/jbfvj6/global_aquafeed) has announced the addition of the "Global Aquafeed Market - Trends And Forecasts (2014-2020)" report to their offering.
With globally increasing demand for fish and fish based products, compound feed demand in the aquatic animal's food industry is also expected to increase at a CAGR of 2.1% in terms of volume for the period of 2014 to 2020. By 2020 it is expected that more than 50% of the global fish supplies will come from fish farms. With limited availability of marine feed resources and rising global demand for fish, the fish farming trend is expected to increase, driving the market for compound feed. Food safety concerns are promoting fish farming because farmed fish offer a higher level of food security, since the entire life cycle has been rigorously controlled.
Seafood is the preferred meat type in Asia-Pacific countries such as China, Indonesia, and Philippines. A variety of fish and other aquatic animal's food such as prawns, lobsters, and crabs are abundantly available in these countries and form an integral part of the diet. The Asia-Pacific market, although accounting for a significant share of the overall market, is expected to be relatively unexplored, primarily due to the low level of organization in the fish industry. Unlike developing nations in Asia and Latin America, developed regions of the world (Western Europe and U.S.) have low population growth rates and have attained high level of urbanization; their demand for aquatic animals compound feed is limited because of relative less production.
Key Topics Covered:
2. Key Findings Of The Study
3. Global Aqua Feed Market
4. Market Analysis
5. Share of Aqua feed in Global Compound Feed Market
6. Geographical Segmentation (Market Sizes - Volume/Value, CAGR)
7. The future of the industry-Expert View
8. Key players profile
For more information visit http://www.researchandmarkets.com/research/jbfvj6/global_aquafeed.
Source: Research and Markets