Fish feed provides balanced nutrition to the fish and plays a significant role in the commercial aquaculture industry. The aquafeed is available in various forms including pellets, granular, powder and liquid and acts as an essential element in the growth of fish. Nutritional additives and ingredients such as cereal grains, vitamins, minerals, and protein are added to the aquafeed products to promote the overall growth and health of the fish. Moreover, aquafeed meals are prepared by the composition of various raw materials on the basis of age and types of aquatic species.
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Top Companies
Aller Aqua Group, Alltech, Archer Daniels Midland Company, BioMar Group, Biostadt India Limited, Cargill, Incorporated, Nutreco N.V, Nutriad International NV, Purina Animal Nutrition LLC, Ridley Corporation Limited
The aquafeed market is primarily driven due to increasing import & export and demand for fish globally. Moreover, raising awareness of fish as a part of the healthy & nutritional diet and increasing research and development in the field of aquaculture is anticipated to fuel the aquafeed market during the projected period. Additionally, the significant shift of the people toward fish farming in developed and developing economies further propel the growth of the market. The key factor restraining the growth of aquafeed market includes strict government policies & regulation and increasing prices of raw material.
Source: The Insight Partners
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