Aquafeed Market - Forecast(2021 - 2026)
Global Aquafeed Market Outlook Increase in consumption of seafood and rising per capita income are the factors driving the growth of the aquafeed market . Seafood is a good source of vitamins and minerals which helps in maintaining the nutrient diet. As seafood is free from harmful carbohydrates, it protects humans from heart diseases. With the flourishing seafood business and additional demand from domesticating aquatic animals, we have a profitable aquafeed market. As per our recent business intelligence report, the global aquafeed market size was $44.2 billion to $44.6 billion as of 2018, and the market demand is projected to increment at a healthy CAGR of 4% to 6% over the forecast period of 2019 to 2025. The aquafeed industry is continuously challenged to find natural ingredients that offer functional benefits yet allow optimal nutrient composition at a competitive price. Therefore, innovative companies in the aquafeed market are formulating products that have technological prope...