There has been a growing demand for research and development in the aquaculture feed and pharmaceutical domain, especially biologics research that is extremely crucial.
Albany, NY -- (SBWIRE) -- 09/18/2017 -- A new research study on aquaculture feed and pharmaceutical market has been included by Market Research Report Search Engine (MRRSE) in its research repository. The report titled "Aquaculture Feed and Pharmaceutical Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025," covers the entire market scenario portraying different opportunities, trends, growth drivers, and challenges across important geographies of North America, Asia Pacific, Latin America, Europe and MEA. A global forecast across these regions based on a detailed market segmentation adds value to the research based on which key strategies or tactics can be planned to achieve market stability. Forecasts are drawn based on the past and current market scenario considering various aquaculture feed and pharmaceutical market segments. Weighted intelligence achieved by diving deep into various segments and the resultant analysis has been collated to obtain the necessary market acumen.
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Global Aquaculture Feed and Pharmaceutical Market: Dynamics
There has been a growing demand for research and development in the aquaculture feed and pharmaceutical domain, especially biologics research that is extremely crucial. This has enabled the manufacturing of vaccines and drugs in several regions, especially in the developed economies. This aspect has a profound impact on the growth of the global aquaculture feed and pharmaceutical market. Strategic mergers and acquisitions have increased in the past few years with a view to enhance the research and development initiatives. Government support in research and development has increased the availability of medicated feed and pharmaceuticals. There has been an increase in the demand for in-feed medication with a view to stop the spreading of various diseases. The main motive is to medicate fish and stop its contact with the diseased fish. These aspects have been contributing towards the growth of the global aquaculture feed and pharmaceutical market. However, there is a lack of harmonization of medicated feed and medicinal veterinary products, which is restraining the growth of the global market.
Global Aquaculture Feed and Pharmaceutical Market: Segmental Insights
The global aquaculture feed and pharmaceutical market has been segmented on the basis of product type (pharmaceutical and biologics and medicated feed); species (shrimp, molluscs, salmons, tilapia, carps, catfish and others); and region.
- Pharmaceutical and biologics segment is expected to dominate the global market in terms of revenue share. This segment is poised to register a high CAGR of 7.4% during the forecast period and it is characterised by high market attractiveness
- Biologics sub category of pharmaceutical and biologics segment is likely to have a high impact on the growth of the aquaculture feed and pharmaceutical market and is poised to grow at a 7.7% CAGR during the assessment period
- Medicated feed segment is expected to witness slow growth owing to low market attractiveness during the forecast period 2017-2025
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Global Aquaculture Feed and Pharmaceutical Market: Competitive Scenario
The global aquaculture feed and pharmaceutical market research report includes an analysis of several key players involved in the market. Players such as Zoetis, Inc., Ridley Corporation Ltd., Schouw & Co, Merck & Co Inc., Aller Aqua A/S, Biomin Holding GmbH, Nutriad Ltd., Avanti Feeds Ltd., Alltech Inc., Norel S.A., Beneo GmbH, Cargill, Incorporated, Skretting AS, Beneo GmbH, Novus International Inc., Skretting AS, Growel Feeds Pvt. Ltd., Neovia Vietnam, Bayer AG, Evonik Industries AG and Koninklijke DSM N.V. have been profiled in the report.
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