Aquafeed market Report, published
by Allied Market Research, forecasts that the global market is expected to
garner $156 billion by 2022, registering a CAGR of 13.3% during the period
2016-2022. Fish and molluscs end use segment accounted for more than three
fourth of the total aquafeed consumption. Total consumption of China and
Indonesia was about 75% of the Asia-Pacific aquafeed market in 2015.
“Fish and molluscs end use segments together dominated the aquafeed
market, and are estimated to grow with the CAGRs of 13.3% and 13.4%,
respectively. Around half of the fish feed was consumed by carps and salmon
collectively in 2015. The increasing per capita consumption of fish is expected
to continue during the forecast period, owing to surging demand for seafood and
protein rich diets, fuelling growth for the aquafeed market for fish.”
Access more details of the report at: https://www.alliedmarketresearch.com/aquafeed-market
