The world warm water aquaculture feed market growth is primarily supplemented by rise in seafood consumption, growth in aquaculture activity, and functional feed formulations. However, increase in raw material prices and stringent regulations might dissuade the market expansion.
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Warm water aquaculture feed are compounded meals formulated for fish, shrimps, and crustaceans by mixing various raw materials such as sunflower, corn, soybean, fish meal, and fish oil. These blends are formulated based on specific requisite of the species and age. Warm water aquaculture feed plays a vital role in aquaculture industry owing to its high nutritional content, immune-resistant, and growth-promoting properties of compounded feed.
With the global population reaching a 7.2 billion mark, the question of food security is on the rise. To combat this adverse situation, production of fish is given a major boost. Fish production has experienced growth over the years, owing to rise in fish farming activities. Furthermore, the government support for fish farming is also boosting the growth of the aquaculture market. Furthermore, R&D expenditure in the field of aquaculture and warm water aquaculture feed is continuously leading to improvements in the aquaculture production, resulting in increased production efficiency, higher product quality for consumers, and higher sustainability.
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The global warm water aquaculture feed market is highly fragmented, with the presence of several market participants across various regions. The market shows high concentration toward Asia-Pacific region and highly unorganized market with many regional players with small market shares operating in the region. However, engaged stakeholders in the warm water aquaculture feed industry are now providing customized solutions exclusively for different species. The demand for individual-specific feed for various fish types in different regions is fulfilled through multiple ingredients. The prevalent raw materials utilized in aquafeed manufacturing include rice, wheat, corn, fish meal, fish oil, and soybean meal.
The key players profiled in the report include Aller Aqua A/S, Alltech Inc., Beneo, Cargill, Incorporated, Charoen Pokphand Foods PCL, Nutreco N.V., Avanti Feeds Ltd, Avanti Feeds Ltd, Biomar Group, and Nutriad.
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