Transparency Market
Research
Aqua Feed Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2013 - 2019
Published Date
01-04-2014
88 Page Report
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Press Release
Global Aqua Feed Market to Expand at 11.40% CAGR from 2013 to 2019
owing to Growing Consumption of Fish
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Aqua Feed Market
REPORT DESCRIPTION
The quality of feed is important in animal production systems as it is essential to produce a healthy and
high-quality product in an economical manner. In fish farming, nutrition is crucial as it accounts for a
substantial amount of the production cost. Fish nutrition has advanced considerably in recent years with
the development of new and balanced commercial diets that aid optimal fish growth and health. The
development of species-specific diet formulations will result in the global aqua feed market to reach a
valuation of US$122.6 bn by 2019, says a new market study by Transparency Market Research.
Consequently, the aquaculture industry has been benefitted to satisfy the increasing demand for safe and
high-quality fish and sea-foods.
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Q. What are the major factors driving the growth of the global aqua feed market?
A. The demand for aquaculture products has been on the rise over the past few years. This is because
aquatic foods have high nutritional value and are also quite affordable. To cater to this demand,
aquaculture has developed considerably, wherein the breeding of aquatic products is monitored and
controlled.
The flourishing aquaculture market contributes significantly to the growth of the global aqua feed market.
On the other hand, revenue contribution by the...