What is the biggest Driver and Restraint for Aquafeed Market

According to a recent report by Research Dive, the global aquafeed market is divided into three segments based on end use, additives, and region. The fish sub-segment of the end use segment and amino acids sub-segment of the additives segment are at a dominant position in the market.

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Segmental Analysis

On the basis of end use, the global market is divided into the following:

• Mollusks
• Crustaceans
• Fish

Among these, the fish sub-segment are expected to lead the market growth during the forecast period, 2020–2027. This is mainly because fish farming is enormously increasing in coastal waters, rivers, lakes, and ponds for filling the gap between supply and demand for fish.

On the basis of additives, the global market is divided into the following:

• Binders
• Minerals
• Antioxidants
• Vitamins
• Enzymes
• Acidifiers
• Amino Acids

Among these, the amino acids sub-segment is foreseen to witness highest growth during the forecast period, 2020–2027. This is mainly owing to the fact that amino acids are a vital source of protein and also function as the building blocks of protein.

Based on region, the global market is segmented into the following:

• Europe
  • UK
  • Germany
  • Spain
  • Italy
  • France
  • Rest of Europe
• North America
  • Canada
  • S.
  • Mexico

• Asia-Pacific
  • South Korea
  • Japan
  • China
  • Australia
  • India
  • Rest of Asia-Pacific
• LAMEA
  • South Africa
  • UAE
  • Saudi Arabia
  • Argentina
  • Brazil
  • Rest of LAMEA

Among these, the Asia Pacific region market is anticipated to observe accelerated growth from 2020–2027. This is mainly because of the growing aquaculture farming practices in nations like South Korea, China, and Japan, in this region.

Market Overview

As per the Research Dive report, the global aquafeed market is foreseen to observe significant growth during the forecast period from 2020–2027. The report offers thorough information regarding the market based on drivers and restraints, investment opportunities, key segments, key players, and regions. Some of the key players of the market are Cargill, Incorporated., Alltech., ERBER AG, Aller Aqua Group, Charoen Pokphand Foods PCL., BENEO, Avanti Feeds Ltd., BioMar Group, Nutreco N.V., ADM, and others. Also, the study covers a summary of key developments by the market players and COVID-19 impact analysis.

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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