Market Overview

Global Aquaculture Additive Market to Witness Robust Growth with Emergence of Blue Economy to Enhance Infrastructure

Press Release   •   Jan 19, 2018 05:23 EST

A new research report has recently been added by QYReseachReports.com to its massive collection of research studies. The 158-page research study, titled “Global Aquaculture Additive Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021,” offers a comprehensive analysis of the market. The product segmentation, competitive landscape, and geographical segmentation of the global aquaculture additive market have been discussed in the scope of the research report. In addition, the latest trends and lucrative opportunities in the market have been highlighted in the study.

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Historical information and projections pertaining to the global market have been presented in the study with the help of infographics, charts, tables, and graphs. The recommendations and strategic inputs added in the report have been offered by industry experts and are expected to help new entrants as well as existing players in formulating business strategies and policies effectively. The share, size, and predicted growth rate of key segments of the market have also been provided in the research report.

The increasing awareness among consumers regarding the high nutrition in seafood and the continuous decline of natural fish stock are some of the primary drivers augmenting the global aquaculture additive market. In addition, the introduction of ‘Blue Economy’ to enhance aquaculture infrastructure worldwide is expected to contribute extensively towards the development of the overall market. Blue economy is expected to boost the national and costal economies by generating new skill-sets and employment. It is expected to utilize vast and untapped opportunities of oceans worldwide.

On the flip side, the fluctuating prices of the primary ingredients used in manufacturing aquaculture additives are projected to restrict the growth of the global aquaculture additive market in the coming years. In addition, several international issues concerning unreported, illegal, and unregulated aquaculture practices and the imbalance between the quality and quantity of seeds for aquafarming are anticipated to hamper the market’s growth.

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The global market for aquaculture additives has been categorized on the basis of geography into Japan, China, the U.S., and the European Union. Among these, China is expected to witness robust growth in the next few years, thanks to the growing consumption of various aquatic species. Moreover, the availability of various aquatic species at low costs and the high nutritional value they offer are expected to accelerate the growth of the aquaculture additive market in China.

The growing demand for fish and other aquatic animals across the globe is expected to encourage the participation of new players in the market. At present, the global aquaculture additive market is fragmented in nature and is projected to experience intense competition in the next few years.

Cargill, Ridley Corporation, Nutreco, Norel Animal Nutrition, Alltech, and Biomar are some of the leading players operating in the aquaculture additive market. To offer a clear understanding of the market, the research study has provided a detailed analysis of the leading players. Additionally, key policies and strategies adopted by these players have been highlighted in the scope of the report.

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