Industry Background:
Organic aquafeeds are an important element of modern commercial aquaculture because they provide the balanced nutrition that farmed fish require. The feeds, which come in the shape of granules or pellets, offer nutrients to the fish in a stable and concentrated form, allowing them to eat effectively and reach their maximum potential. It provides nutrients like Lipids and fats Carbohydrates, proteins, Vitamins, and minerals among other things. It ultimately increases the profitability of aquaculture. The United States is the largest market of organic aqua feed followed by the Asia Pacific region due to a large number of aquacultures.This growth is primarily driven by Need for Aqua Feed for High Fish Quality Providing Sufficient Nutrient to Aquatic Animals and Demand Of Organic Aqua Feed for Faster Growth of Aquatic Animals.
Globally, a noticeable market trend is evident Increasing Innovation in Organic Aqua Feed to Make It More Nutritious. The Consumer Goods sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Nutreco (Netherlands), Cargill (United States), Valueman Organic (India), ADM (United States), Alltech (United States), Purina Animal Nutrition (United States), Bühler Group (Germany), Godrej (India), Beneo (Germany) and Dibaq Aquaculture (Spain) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 18th Jan 2016, following regulatory approval, Nutreco finalized the acquisition of Micronutrients, which was first disclosed on December 7, 2015. Micronutrients are the world's leading manufacturer of hydroxy-based trace minerals. Trouw Nutrition, Nutreco's animal nutrition division, will be able to expand its Selko feed additives product line as a result of the acquisition. Micronutrients' overall management will be taken up by Bruce Crutcher.
Regulatory Insights:
There are three principal regulatory regimes for aquaculture in Canada: 1) In British Columbia, where the province issues the lease and Fisheries and Oceans Canada (DFO) issues the licence and monitors licence conditions; 2) In Prince Edward Island, where a management board with members from DFO, the province, and industry issues a lease which has a licence attached; and 3) In all other provinces and territories, where provincial authorities issue both the lease and the licence.
Market Drivers
- Need for Aqua Feed for High Fish Quality Providing Sufficient Nutrient to Aquatic Animals
- Demand Of Organic Aqua Feed for Faster Growth of Aquatic Animals
Market Trend
- Increasing Innovation in Organic Aqua Feed to Make It More Nutritious
Restraints
- Different Species May Need Different Feed
Opportunities
Government Incentives for Pisciculture Is an Opportunity for Organic Aqua Feed Market and Growing Consumption of Fish in The World Will Boost the Demand of Organic Aqua Feed
Challenges
Limited Aquaculture in Many Countries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Organic Aqua Feed Study Sheds Light on
The Organic Aqua Feed Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Organic Aqua Feed industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Organic Aqua Feed industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.