Global Aquafeed Binders Market, By Ingredient (Soybean, Fishmeal, Corn, Fish Oil, Additives, Others), Species (Fish, Crustaceans, Mollusks, Others), Form (Dry Form, Wet Form, Moist Form), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, Brooder Feed), Function (Health, Digestion, Palatability, Special Nutrition), Sales Channel (Direct Sales, Indirect Sales, Hypermarket/Supermarket, Wholesalers, Speciality Stores, Online, Other Retail Formats), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Aquafeed Binders Market
The demand for aquafeed binders is projected to rise at a rate of 4.20% in the 2021 to 2028 forecast period. Rising demand for fish and fish products will be a driver for the aquafeed binders market for the 2021-2028 forecast period.
Aquafeeds are compounded meals made by combining different raw materials and additives prepared for aquatic animals. These blends are prepared in compliance with the unique requirements of the species and the animal's age. Owing to their healthy and unique composition, high-quality aquafeed is exponentially more beneficial to fish, molluscs, crustaceans and other aquatic animals than farm-made feed.
Growing trade of seafood among different nations, rising production as well as growth of aquaculture industry, increasing awareness among the people about the scientific feeding of aquaculture species are some of the factors that will likely to enhance the growth of the aquafeed binders market in the projected timeframe of 2021-2028. On the other hand, increasing initiatives and support from government along with growing development and innovation of products with high protein content which will further contribute by generating immense opportunities that will lead to the growth of the aquafeed binders market in the above mentioned projected timeframe.
Diseases outbreak along with high cost of raw material which will act as a restraint factor for the growth of aquafeed binders market in the above mentioned projected timeframe. Increasing growth in human health and environmental concern which will become the biggest and foremost challenge for the growth of the market.
This aquafeed binders market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aquafeed binders market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aquafeed Binders Market Scope and Market Size
Aquafeed binders market is segmented on the basis of ingredient, species, form, lifecycle, function, and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient, the aquafeed binders market is segmented into soybean, fishmeal, corn, fish oil, additives, and others. Soybean has been further segmented into soybean meal, soy oil, and soy lecithin. Corn has been further segmented into corn gluten meal, corn gluten feed, and corn oil. Others have been further segmented into DDGS, wheat, barley, poultry by-product meal, and blood meal.
- Based on the species, the aquafeed binders market is segmented into fish, crustaceans, mollusks, and others. Fish has been further segmented into tilapia, salmon, carp, trout, and others. Crustaceans have been further segmented into shrimp, crabs, krill, and others. Mollusks have been further segmented into oysters, mussels, and others. Others have been further segmented into miscellaneous freshwater and diadromous fish species.
- On the basis of form, the aquafeed binders market is segmented into dry form, wet form, and moist form.
- Based on lifecycle, the aquafeed binders market is segmented into grower feed, finisher feed, starter feed, and brooder feed.
- On the basis of function, the aquafeed binders market is segmented into health, digestion, palatability, and special nutrition.
- Based on sales channel, the aquafeed binders market is segmented into direct sales, indirect sales, hypermarket/supermarket, wholesalers, speciality stores, online, and other retail formats.
Aquafeed Binders Market Country Level Analysis
Aquafeed binders market is analysed and market size, volume information is provided by country, ingredient, species, form, lifecycle, function, and sales channel as referenced above.
The countries covered in the aquafeed binders market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the aquafeed binders market due to the consumption of the seafood along with rising production of aquaculture in the region while Europe region is the second largest region in the market growth due to the prevalence of various producers along with rising demand of salmon in the region.
The country section of the aquafeed binders market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aquafeed Binders Market Share Analysis
Aquafeed binders market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aquafeed binders market.
The major players covered in the aquafeed binders report are ADM; Cargill, Incorporated.; Nutreco N.V.; Alltech.; ERBER Group; BioMar Group; Avanti Feeds Ltd.; Marvesa; BENEO; PT Japfa Comfeed Indonesia Tbk.; Charoen Pokphand Foods PCL.; Growel Feeds; Sonac.; DSM; Cermaq Group AS; Clextral; DIBAQ AQUACULTURE; Evonik Industries AG; De Heus Animal Nutrition; Bentoli.; INVE Aquaculture; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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