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Aquafeed Additives Market to Exhibit ~5% CAGR to Reach Valuation Worth US$2.2 Bn by 2027; Flourishing Aquaculture Domain to Drive Growth, Finds TMR
ALBANY, New York , Feb. 26, 2020 /PRNewswire/ -- In its newest research report, Transparency Market Research sheds light on the factors that are responsible for driving the growth of the global aquafeed additives market. The research report also provides detailed insight on the restraining factors, segmentation, and latest trends that are influencing the dynamics of the global market. According to the research report, the global aquafeed additives market will exhibit a healthy CAGR of ~5% for the given assessment period ranging from 2019 to 2027. With this given rate of growth, the market valuation is then projected to rise up to US$2.2 bn by the end of 2027. Initially in 2019, the valuation of the aquafeed additives market was recorded to be around US$1.3 bn .
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Some of the prominent brand names in the global aquafeed additives market are ADM Animal Nutrition, Roquette Frères S.A., MJI Universal Pte Ltd., Kemin Industries., Skretting, Green Plains Inc., Cargill Incorporated., BIOMIN, Aller Aqua A/S among others.
Aquaculture Market - The aquaculture market was valued at over US$ 750 Mn in 2018, and is estimated to record a 2.4% Y-o-Y growth in 2019. Aquaculture remains a profitable business for not only combating the global food demand, but also helping rehabilitate the oceans.
Dried Apricots Market - The global dried apricots market stand strong at an astonishing USD $ 537.7 Mn . The market is projected to hit astonishing pints by the end of 2026. The growth will be attributed to the CAGR hike of 5.3% in the period from 2018 to 2026.
Protein Ingredients Market - The protein ingredients market is favorable for growth in high demand regions such as North America and Europe . Innovations such as membrane separation technology are important milestones in dairy protein.
Hydrolyzed Collagen Market - Revenue generated from the global hydrolyzed collagen market has been estimated to be valued at ~US$ 870 Mn in 2019, which is projected to increase at a CAGR of ~8% during the forecast period. The global hydrolyzed collagen market is projected to reach ~ US$ 1.8 Bn by 2029.
Organic Shrimp Market Manufacturers in the organic shrimp market, focusing on enhancing the quality of packaging to improve the shelf life and protect the integrity of shrimp, are likely to witness profitable gains and strengthen their foothold in the market.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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