Global Aquafeed Testing Market, By Ingredient (Soybean, Fishmeal, Corn, Fish Oil, Additives, Others), Additive (Amino Acids, Vitamins and Minerals, Probiotics and Prebiotics, Enzymes, Antibiotics, Antioxidants, Others), Species (Fish, Crustaceans, Mollusks, Others), Function (Health, Digestion, Palatability, Special Nutrition), Testing Type (Preliminary Inspection, Sampling, Others), Method of Analysis (Moisture, Crude Protein (Kjeldahl Method), Crude Fat, Crude Fibre, Ash, Sodium Chloride, Molasses Analysis, Anti-metabolite and Toxins in Feeds), 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 Testing Market
The market for aquafeed testing is projected to grow at a rate of 5.60% in the forecast period from 2021 to 2028. Increased consumption of fish and fish products which are likely to be a factor for the aquafeed testing market in 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. Due to its nutritious, immune-resistant, and growth-promoting properties, it has become crucial to the aquaculture industry. Due to their balanced and unique composite requirements, high-quality aquafeed is exponentially more beneficial to fish, mollusks, crustaceans and other aquatic animals than farm-made feed.
Rising awareness among the people regarding the scientific feeding of aquaculture species, increasing production as well as growth of aquaculture industry, growing trade of seafood among different nations are some of the major as well as important factors that will likely to enhance the growth of the aquafeed testing market in the projected timeframe of 2021-2028. On the other hand, rising initiatives and support from government along with rising development and innovation of products with high protein content which will further boost various opportunities that will lead to the growth of the aquafeed testing market in the above mentioned projected timeframe.
Diseases outbreak along with high cost of raw material which will act as restraint factor for the growth of aquafeed testing market in the above mentioned projected timeframe. Regulatory framework and interference will become the biggest and foremost challenge for the growth of the market.
This aquafeed testing 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 testing 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 Testing Market Scope and Market Size
Aquafeed testing market is segmented on the basis of ingredient, additive, species, testing type, method of analysis, and function. 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 testing 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.
- Based on additive, the aquafeed testing market is segmented into amino acids, vitamins and minerals, probiotics and prebiotics, enzymes, antibiotics, antioxidants, and others.
- Based on the species, the aquafeed testing 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.
- Based on testing type, the aquafeed testing market is segmented into preliminary inspection, sampling, and others.
- Based on the method of analysis, the aquafeed testing market is segmented into moisture, crude protein (kjeldahl method), crude fat, crude fibre, ash, sodium chloride, molasses analysis, and anti-metabolite and toxins in feeds.
- The aquafeed testing market is also segmented on the basis of function. The function is segmented into health, digestion, palatability, and special nutrition.
Aquafeed Testing Market Country Level Analysis
Aquafeed testing market is analysed and market size, volume information is provided by country, ingredient, additive, species, testing type, method of analysis, and function as referenced above.
The countries covered in the aquafeed testing market report are the 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 testing market due to the rapid urbanization along with prevalence of various aquafeed producer and growth of the aquafeed industry in the region while Europe region will expect to grow in the forecast period of 2021-2028 due to the increasing number of research activities along with development of innovative additives.
The country section of the aquafeed testing 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 Testing Market Share Analysis
Aquafeed testing 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 testing market.
The major players covered in the aquafeed testing 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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