Pune, Maharashtra -- (SBWire) -- 03/14/2019 --Graphical Research has compiled an exhaustive research study of the 'APAC Aquafeed & Aquaculture Additives market', detailing every single market driver and intricately analyzing the business vertical. This market study will aid in seeking out new business opportunities and fine-tuning existing marketing strategies through insights regarding SWOT analysis, market valuation, competitive spectrum, regional share and revenue predictions.
"Asia Pacific Aquafeed & Aquaculture Additives Market size is set to surpass USD 215 billion by 2024.
Rapid middle-class growth in emerging nations such as China, India, Vietnam & Thailand, increasing disposable incomes and abundant availability of lobsters, prawns, fish and crab species in these countries may boost growth of Asia Pacific aquafeed & aquaculture additives market size. Aquafeed is vital for the booming fish-farming industry owing to various benefits such as high nutritional content, improved immunity, growth promotion, and well-regulated composition. Favorable climate for the industry, cheap labor and is witnessing rising demand for protein-laden foods which may further stimulate Asia Pacific aquafeed & aquaculture additives market growth.
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Japan aquafeed market size from salmon was valued at over USD 830 million in 2017 on account of rising sushi consumption, increasing fish farming, and large volume of imports especially from Norway. Salmon require high amounts of vital amino acids such as histidine, arginine, leucine, methionine and lysine which are obtained from feed proteins and essential for healthy growth.
Vietnam antibiotics based aquaculture additives market demand may experience gains of over 2.5% by 2024 pertaining to growing product demand for preventive water treatment and treating bacterial illnesses. The country has a large water surface area suitable for fish-farming, faces rising demand for exports from the booming global population, and has several government initiatives for industry promotion to promote employment growth.
Browse key industry insights from this report Asia Pacific Aquafeed and Aquaculture Additives Market in detail along with the table of contents at:
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Asia Pacific aquafeed market share is moderately fragmented with key players including New Hope Group, Charoen Pokphand, Tongwei Group, Archer Daniels Midland Co., Guangdong Wen's Group, and Nutreco N.V. Most manufacturers are focusing their efforts on increasing production capacity by adopting mass production methods to meet rising demand.
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Segments We Cover:
- Asia Pacific Aquafeed Market Size, By product
- Amino acids
- Antibiotics
- Vitamins
- Feed acidifiers
- Others
- Asia Pacific Aquafeed Market Demand, By End-use
- Crustaceans
- Mollusks
- Carp
- Salmon
- Catfish
- Tilapia
- Others
- The above information is provided for the following Country's:
- China
- Japan
- India
- Vietnam
- Indonesia
- Malaysia
- Thailand
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APAC Aquafeed and Aquaculture Additives Market to Hit $215bn by 2024: New Hope Group, Charoen Pokphand Group Co., Ltd., Archer Daniels Midland Company and Nutreco
APAC Aquafeed Market share is set to reach USD 215 Billion by 2024 due to rising awareness of seafood quality, growing fish consumption and rising incidence of lifestyle disorders such as obesity, diabetes, and cardiovascular diseases.