According to a new market study by Transparency Market Research, the development of species-specific diet formulations will result in the global aqua feed market to reach a valuation of US$122.6 billion by 2019. The following is an excerpt from the report:
Q. How do regional markets fare in the global aqua feed market?
A. Asia Pacific is a significant market for aqua feed due to the high demand for fish and the emergence of a considerable number of aquaculture facilities in the region. The region held 65% of the overall market in 2012 and is expected to retain its dominant position until the end of 2019. Europe is expected to stand as the second-largest market for aqua feed in the coming years.