GCC Aquafeed Market: Market Size, Share, Trends, Industry Analysis, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC aquafeed market based on its segments including type, end-use, and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Aquafeed represents the compounded meal that is arranged to feed aquatic animals by combining various raw materials and additives, such as plants, marine animals, terrestrial-based live feeds, grain products, vegetable protein, fish oil, etc. It is provided and prepared according to the age and the specific requirements of the organism. Aquafeed is generally produced in two forms, including pressure-pelleted feed and extruded bits. It is rich in numerous nutrients, such as protein, vitamins, minerals, carbohydrates, lipids and fats, etc. Consequently, aquafeed assists in enhancing immunity, providing normal growth, lowering susceptibility to diseases, encouraging reproduction among aquatic animals, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience, and overall performance of businesses.
GCC Aquafeed Market Industry Trends and Drivers:
The increasing consumer awareness towards the several benefits offered by high-quality seafood, such as tuna, crab, shrimp, etc., is primarily driving the GCC aquafeed market. Additionally, the widespread adoption of natural resources and sustainable raw materials to lower the usage of synthetic components is further catalyzing the market growth. Besides this, continuous advancements in the stocking and feeding densities to enhance the stability of feed pellets, minimize fine proportion, improve pellets density and extension, etc., are acting as significant growth-inducing factors. Moreover, the growing mass production of fish, limited accessibility of marine feed resources, the rising availability of vast arable area to cultivate wheat, corn, soybean, and maize that are the main ingredients used for the manufacturing of aquafeed, etc., are also positively influencing the regional market. Apart from this, the introduction of commercially available product variants is anticipated to fuel the GCC aquafeed market over the forecasted period.
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GCC Aquafeed Market Segmentation:
The market is segmented on the basis of type, end-use, and region.
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the aquafeed market with the leading players profiled in the report.
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