A new report on the global aqua feed market says it is expected to increase from US$57.7 billion in 2012 to US$122.6 billion by 2019.
The report, ‘Aqua Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,’published by Transparency Market Research, states that the market is predicted to expand at an 11.40% CAGR during the period between 2013 and 2019. The market’s growth will stem from the growting consumption of fish worldwide.
The fluctuating cost of raw materials used in aquafeed is predicted to hamper the growth of the global aquafeed market in the next few years. However, the rising demand for functional and conventional aquafeed from China and rest of Asia is expected to benefit the global aquafeed market in the near future.