Fish feed market expectation & essential findings
The fish feed market to witness an impressive surge sought after. in between 2020 as well as 2030, the marketplace is most likely to climb at above 11% cagr
The demand for industrial fish feed makers, water therapy products, feed ingredients, plant foods, and also vaccinations will certainly enhance in the coming years, enabling growth in the market
Aquaculture promoted as the fastest expanding food creating market worldwide make up lions share of fish feed usage
Availability of inexpensive labor in egypt, which is also the largest tilapia producing nation makes the center eastern and also Africa a high prospective market
Future development of the fish feed market is restricted by strict government policies and also minimal accessibility to small-farm holders
More nourishment than diet ; ; fish feed sector has actually changed offering
Fish is thought about to provide around 15% of per capita healthy protein taken in by people around the world. reduced carbon footprint, high per device return, as well as unique healthy protein web content have actually stimulated intake of fish, which is ultimately aiding the development of the aquaculture field viz.a.viz. the demand for fish feed.
Tank farming is an industry characterized with remarkable development for the general feed sector, which additionally keep amazing supply capacity. the international fish feed market has actually seen its share of functional transition as well as transformation, but the principle of nutrition in fish feed is at its embodiment as well as have actually seldom been reported in the past. boosting knowledge sharing across numerous channels by government agencies as well as independent regulative groups has resulted in the rapid fostering of aquaculture strategies, worldwide.
The variety of fisheries and farmers have likewise increased in the last few years, creating a fresh wave of demand for fish feed. We sees no decreasing of this fad and also tasks the aquaculture market to report a high value cagr of above 5% between 2020 as well as 2030.
According to the food and farming company (fao), the international fish manufacturing is anticipated to have actually gotten to virtually 170 million in 2018. with worlds hunger for fish and also fish products showing no indicators of contracting, the demand for fish feed is positioned to rise significantly in response to the development of tank farming field.
Concentrate on sustainability develops greater need for plant-based fish feed
The novel tank farming system is manipulating plant-based resources to adopt a system that has the capacity of lowering the cost of production too ensure sustainability.
Plant based fish feed ingredients such as soybean, corn, sunflower, pea and also others which are naturally abundant in healthy protein are in high demand in the feed market. soybeans are thought about as best resource of healthy protein for fish feed.
Not only does soy feed duplicate numerous dietary demand crustaceans and fish, it is less complicated to resource as well as generally affordable. soy is already successfully used in several tank farming diet plans. in the coming years, the need for various other plant-based items is anticipated to rise too.
Because of the simple schedule of plant-based fish feed in addition to nutritional benefits they provide to the aqua varieties, the plant-based fish feed segment is prepared for to witness substantially high demand in the coming years.
Advances in healthy protein content, omega-3 degrees, and digestibility are stimulating the need for plant-based feed components as a preferred option to fishmeal. We jobs the plant-based fish feed segment to make up virtually one-fifth of proceeds gained by the fish feed market in 2020.
Restricted accessibility of generally derived fish feed develops area for disturbance
The fish feed market share is tailoring for a major industry disruption. there is restricted supply of crucial aquafeed active ingredients, specifically those acquired from wild-caught fish and also their costs are very volatile
Therefore ingredients originated from wild fish will certainly become a lot more strategic ingredient in the future. subsequently, the restricted supply of traditional fish meal produces lucrative leads for developments to fill the space.
Options such as processed animal proteins and also soy dish are not without imperfections. this has produced a high demand for something a lot more dependable with a far better maximized nutrient account.
Manufacturing of lasting and alternative fish feed such as algal, microbial, and also insect-based protein is consequently getting pace, paving way for the entry of cutting-edge fish feed producers. with these business racing to reach their business targets, the marketplace will witness the launch reduced expense feed.
Weak supply chain facilities: essential obstacles for fish feed market
Poor manufacturing, warehousing, and transportation facilities are impacting the top quality and timely supply of fish feed to customers. as a result of inadequate capability of supply chain, fish feed items can not be stored, which is restraining the growth of the market.
Shopkeeper can not keep a stockpile, maintaining in mind the future demand and also have to preserve low inventory due to the absence of storage space centers and also poor transport networks. these bottlenecks may hamper the growth of the market to a degree.
Market players shift emphasis in the direction of lasting options to stay appropriate
Some of the leading feed producers are concentrating on lasting methods of manufacturing to align themselves with un sdgs (lasting development goals).
Sensible use aquatic resources and also beneficial ecological footprint of farmed fish have actually encouraged the neighborhood gamers in the marketplace to enhance their production capabilities.
There is an inclination in the direction of making use of algal oil as an omega 3 resource, ingenious pea protein acquired from all-natural gas as a carbon resource, as well as various other choices as fish meal replacements.
The suppliers are expected to develop nutritious fish feed to draw in customers.
In june 2015, adm launched its new fish feed item derived of algae rich in dha in cooperation with in between bunge ltd. as well as terravia. market gamers are looking at tactical cooperations to reinforce their setting in the fish feed market
Besides this, manufacturers are concentrating on purchase, critical partnerships and also mergings with local play. for circumstances, in october 2017, ff skagen obtained skagerak pelagic from skagerak group. through this procurement it became part of the market of pelagic fish for human intake.
Fish feed: region-wise evaluation
Asia pacific has actually been a key center of fish feed manufacturing from greater than twenty years now due the abundant availability of fresh water sources and also rich aquaculture in this area.
China is the world biggest manufacturer as well as consumer of water items, that makes Asia pacific a lucrative market for fish feed. the demand for carotenoids as active ingredient is expanding at a dramatically high rate as a result of the climbing need for decorative fisheries especially in Japan.
Japan nonetheless counts greatly on Peruvian fishmeal import. therefore, it is not likely to stay immune to the hefty losses faced in the Peruvian market as a result of el ni & atilde; & plusmn; o and also depletion of anchovy.
Likewise, the recent depreciation of yen has made fishmeal more pricey for Japanese fishmeal importers. particularly during the spring season, when the need for fishmeal is extremely high, it obtains significantly challenging for Japan to discover cheaper valued fishmeal.
Throughout this duration, importing from regions such as southeast Asia and Africa is pertained to as an exceptional opportunity for the country. likewise, fishmeal imported from these areas is relatively less expensive, which will support the Japanese economy.
Pricing is an essential variable, impacting the demand for fish feed. a crucial point to note here is that pricing of fish feed each is rarely very same between areas. despite the difference in rates, it prevails to witness a similar pattern of rate variant between areas.
The chart listed below portrays differences in costs of fish feed across essential regions:
Leading suppliers in fish feed market
Suppliers are focusing on consisting of natural active ingredients without hindering the nutritional value of fish feed. mentioned listed below are several of the principals in the fish feed market:
Americas
Cargill, inc.
Zeigler bros., inc.
Archer daniels midland
Alltech inc
Europe
Skretting as
Aller aqua a/s
Sonac b.v.
Biomar team
Nutreco n.v.
Asia pacific
Ridley corp. ltd.
Biomin holding gmbh
Basf southern eastern Asia pte ltd.
* the listing is not exhaustive, and only for representational purposes. full affordable intelligence with swot evaluation available in the record
Fish feed: the method forward
Fish feed manufacturers are seeking alternate sources of protein for a much more lasting growth in the future. they are rebooting their production approaches and service policies to satisfy the increasing need for. for circumstances, there is ample emphasis on algae healthy protein as a lasting option.
Oil stemmed from microalgae, includes omega-3 fatty acids as well as high levels of protein essential for most fish varieties. the remarkable healthy protein web content in algae undoubtedly provides enhanced yield as well as growth pet crate. the manufacturing process is extra scalable, aiding manufacturers to reduce their land and water usage.
Besides this, a number of companies in the agribusinesses are developing using a process to put germs in a fermentation container and feed them methane to create fish feed. the technology is especially created to make certain efficient use of commercial by-products such as w3aste carbon and ethanol.
Quickly growing bugs that eat cereal by items and also food waste are promoted as another excellent and also sustainable different resource of fish feed. they already have actually been accepted by the eu for use in aquafeed market.
The accessibility numerous alternatives is anticipated to offer substantial incentive to the fish feed market cost in the coming years.
Market segmentation
Item kind
Plant based
Fish & fish items
Microorganism
Kind
Pellet
Granules
Flakes
Sticks
Powder
End use application
Business
Family
Distribution channel
B2b
B2c shop based
On the internet retail
Area
North America
Latin America
Europe
Apej
Japan
Oceania
Mea
Table of Content
1. Introduction
1.1 Definition of the Market
1.2 Research Purpose
1.3 Scope of the Study
1.4 Stakeholders
1.5 Geography Coverage
1.6 Currency Under Consideration
1.7 Volume Units
1.8 Review Cycle
1.9 Summary and Key Findings of the Research
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach (Involves time, Space, and Persons)
2.3 Data Triangulation
2.4 Assumptions
2.5 Hypothesis of this Research, Clear, specific, and testable statement of this research
2.6 Limitations of Our Study
2.7 Scene Based Modeling
2.8 Covid-19 Impact/Evaluation
3. Market Dynamics
3.1 Driving Factors
3.1.1 Rising Demand in one or More of the Following Regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
3.1.2 Increasing Use of Fish Feed by Different End-User/Applications
3.2 Restraints and Challenges in the Market
3.3 Opportunities
4. Global Fish Feed Market-Segmentation
4.1 By Type
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4.2 By End-User/Application Industry
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4.3 By Geography
4.3.1 North America Fish Feed Total Market Size (Production, Consumption, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
4.3.1.1 North America Fish Feed Production from 2014-2020
4.3.1.2 North America Fish Feed Consumption from 2014-2020
4.3.1.3 North America Fish Feed Import and Export from 2014-2020
4.3.1.4 North America Fish Feed Market Value ($) and Growth (%) by Type from 2019-2020
4.3.1.5 North America Fish Feed Market Value ($) and Growth (%) by Application from 2019-2020
4.3.1.6 North America Fish Feed Market Value ($) and Growth (%) by Countries from 2019-2020
4.3.1.7 Top North America Fish Feed Participants Value ($) and Market Share (%) in 2020
4.3.2 Europe Fish Feed Total Market Size (Production, Consumption, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
4.3.2.1 Europe Fish Feed Production from 2014-2020
4.3.2.2 Europe Fish Feed Consumption from 2014-2020
4.3.2.3 Europe Fish Feed Import and Export from 2014-2020
4.3.2.4 Europe Fish Feed Market Value ($) and Growth (%) by Type from 2019-2020
4.3.2.5 Europe Fish Feed Value ($) and Growth (%) by Application from 2019-2020
4.3.2.6 Europe Fish Feed Market Value ($) and Growth (%) by Countries from 2019-2020
4.3.2.7 Top Europe Fish Feed Participants Value ($) and Market Share (%) in 2020
4.3.3 Asia-Pacific Fish Feed Total Market Size (Production, Consumption, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
4.3.3.1 Asia-Pacific Fish Feed Production from 2014-2020
4.3.3.2 Asia-Pacific Fish Feed Consumption from 2014-2020
4.3.3.3 Asia-Pacific Fish Feed Import and Export from 2014-2020
4.3.3.4 Asia-Pacific Fish Feed Value ($) and Growth (%) by Type from 2019-2020
4.3.3.5 Asia-Pacific Fish Feed Value ($) and Growth (%) by Application from 2019-2020
4.3.3.6 Asia-Pacific Fish Feed Value ($) and Growth (%) by Countries from 2019-2020
4.3.3.7 Top Asia-Pacific Fish Feed Participants Value ($) and Market Share (%) in 2020
4.3.4 Latin America Fish Feed Total Market Size (Production, Consumption, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
4.3.4.1 Latin America Fish Feed Production from 2014-2020
4.3.4.2 Latin America Fish Feed Consumption from 2014-2020
4.3.4.3 Latin America Fish Feed Import and Export from 2014-2020
4.3.4.4 Latin America Fish Feed Value ($) and Growth (%) by Type from 2019-2020
4.3.4.5 Latin America Fish Feed Value ($) and Growth (%) by Application from 2019-2020
4.3.4.6 Latin America Fish Feed Value ($) and Growth (%) by Countries from 2019-2020
4.3.4.7 Top Latin America Fish Feed Participants Value ($) and Market Share (%) in 2020
4.3.5 Middle East & Africa Fish Feed Total Market Size (Production, Consumption, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
4.3.5.1 Middle East & Africa Fish Feed Production from 2014-2020
4.3.5.2 Middle East & Africa Fish Feed Consumption from 2014-2020
4.3.5.3 Middle East & Africa Fish Feed Import and Export from 2014-2020
4.3.5.4 Middle East & Africa Fish Feed Value ($) and Growth (%) by Type from 2019-2020
4.3.5.5 Middle East & Africa Fish Feed Value ($) and Growth (%) by Application from 2019-2020
4.3.5.6 Middle East & Africa Fish Feed Value ($) and Growth (%) by Countries from 2019-2020
4.3.5.7 Top Middle East & Africa Fish Feed Participants Value ($) and Market Share (%) in 2020
5. Global Level Competitive Intelligence – Company Profiles
5.1 Company one
5.1.1 Company one Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.1.2 Company one Sales, Growth Rate and Global Market Share from 2014-2020
5.2 Company two
5.2.1 Company two Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.2.2 Company two Sales, Growth Rate and Global Market Share from 2014-2020
5.3 Company three
5.3.1 Company three Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.3.2 Company three Sales, Growth Rate and Global Market Share from 2014-2020
5.4 Company four
5.4.1 Company four Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.4.2 Company four Sales, Growth Rate and Global Market Share from 2014-2020
5.5 Company five
5.5.1 Company five Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.5.2 Company five Sales, Growth Rate and Global Market Share from 2014-2020
5.6 Company six
5.6.1 Company six Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.6.2 Company six Sales, Growth Rate and Global Market Share from 2014-2020
5.7 Company seven
5.7.1 Company seven Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.7.2 Company seven Sales, Growth Rate and Global Market Share from 2014-2020
5.8 Company eight
5.8.1 Company eight Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.8.2 Company eight Sales, Growth Rate and Global Market Share from 2014-2020
5.9 Company nine
5.9.1 Company nine Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.9.2 Company nine Sales, Growth Rate and Global Market Share from 2014-2020
5.10 Company ten
5.10.1 Company ten Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.10.2 Company ten Sales, Growth Rate and Global Market Share from 2014-2020
5.11 Company 11
5.11.1 Company 11 Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.11.2 Company 11 Sales, Growth Rate and Global Market Share from 2014-2020
5.12 Company 12
5.12.1 Company 12 Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.12.2 Company 12 Sales, Growth Rate and Global Market Share from 2014-2020
5.13 Company 13
5.13.1 Company 13 Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.13.2 Company 13 Sales, Growth Rate and Global Market Share from 2014-2020
5.14 Company 14
5.14.1 Company 14 Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.14.2 Company 14 Sales, Growth Rate and Global Market Share from 2014-2020
5.15 Company 15
5.15.1 Company 15 Company Profile (Company Name, Major Business, Plants Distribution, Sales Region, Contact Information)
5.15.2 Company 15 Sales, Growth Rate and Global Market Share from 2014-2020
6. Investment Analysis
6.1 Fundamental Analysis (Porter's Five Forces Analysis)
6.2 Technical Preparation Analysis
6.3 Risk Evaluating Analysis
6.4 Estimated Investment Pay-Back Period
7. Future Forecast of Global Fish Feed Market from 2020-2026
7.1 Future Forecast of Global Fish Feed Market from 2020-2026 Segment by Regions
7.2 Future Forecast of Global Fish Feed Market from 2020-2026 Segment by Type
7.3 Future Forecast of Global Fish Feed Market from 2020-2026 Segment by Application
8 Appendix
8.1 Discussion Guide
8.2 Related Reports
8.3 Author List
1160 Disclaimer
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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