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Global Aquaculture Feed and Pharmaceutical Market to Represent
Incremental Opportunity of US$ 458.8 Mn Between 2017 and 2025
In a new publication titled ‘Aquaculture Feed and Pharmaceutical Market: Global
Industry Analysis 2012 – 2016 and Forecast 2017 – 2025,’ Persistence Market
Research forecasts the global aquaculture feed and pharmaceutical market to reach a
market valuation of US$ 610.0 Mn in 2017. This is projected to witness a CAGR of
7.3% and reach a market value of US$ 1,068.9 Mn by the end of the forecast period
in 2025. Revenue from the global aquaculture feed and pharmaceutical market is
anticipated to record a 1.8 X increase between 2017 and 2025.
The market in Asia Pacific is expected to lead in terms of revenue generation of
aquaculture feed and pharmaceuticals during the forecast period. Development of
new vaccines for emerging diseases and entry of key market players into developing
countries are factors likely to impact revenue growth of the global aquaculture feed
and pharmaceutical market.
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Global Aquaculture Feed and Pharmaceutical Market: Forecast
The global aquaculture feed and pharmaceutical market is segmented on the basis of
Product Type into Pharmaceutical and Biologics (sub-segmented into Anti-infectives,
Parasiticides, Biologics, and Others) and Medicated Feed (sub-segmented into
Vitamins and Minerals, Amino Acids, Acidifiers, and Others). Pharmaceutical and
Biologics is likely to dominate the global market in terms of revenue throughout the
forecast period, recording a CAGR of 7.4% in terms of value and emerging as the
most lucrative segment by product type. Medicated Feed will register a CAGR of
6.6% during the forecast period.
The global aquaculture feed and pharmaceutical market is segmented on the basis of
Species into Molluscs, Shrimp, Salmons, Carps, Tilapia, Catfish, and Others. Carps is
expected to be the most lucrative among all species, with an attractiveness index of
3.1. Shrimp will be the second largest segment by species, with a market
attractiveness index of 1.3. Both these segments will register the highest CAGR in
this segment (7.7%) during the forecast period.
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Persistence Market analyzes the global aquaculture feed and pharmaceutical market
across the key geographies of North America, Latin America, Europe, Asia Pacific,
and Middle East and Africa (MEA). Asia Pacific is anticipated to be the most
lucrative among all the regional markets over the forecast period, registering a CAGR
of 7.6% during the forecast period. Asia Pacific is the largest contributor in
aquaculture production worldwide, with a recorded 62.5 Mn tons produced in 2013.
Inland aquaculture is more popular in the Asia Pacific region, and about 66.6% fish is
produced inland.
The report profiles some of the key players operating in the global aquaculture feed
and pharmaceutical market such as Zoetis, Inc., Schouw & Co, Ridley Corporation
Ltd, Merck & Co Inc, Biomin Holding GmbH, Aller Aqua A/S, Nutriad Ltd., Alltech
Inc., Avanti Feeds Ltd., Norel S.A., Cargill, Incorporated, Beneo GmbH, Skretting
AS, Novus International Inc., Growel Feeds Pvt. Ltd., Neovia Vietnam, Evonik
Industries AG, Bayer AG, Koninklijke DSM N.V. Market players are focusing on
inorganic growth in the global market through acquisitions and collaborations with
regional players to augment their sales revenue. Further, the entry of players into new
regions by setting up new production facilities and launching new drugs in the global
market is being witnessed as a key trend.
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