Post by account_disabled on Feb 22, 2024 3:44:50 GMT -6
The increasing seafood consumption and consumer expenditure on fish fish products including fish silage fish meals and fish oils are predicted to boost aquaculture production and therefore stimulate market growth. Lastly the rising investments in research and development activities to develop innovative products by key players are expected The to complement market growth. However the volatile prices of raw materials may hamper market growth. Regional Insights Increasing Fish Production to Amplify Growth in Asia Pacific Asia Pacific is anticipated to dominate the global aquafeed market share due to the swift market development during the last decade.
India and China account for more than half of the regions sales. Is likely to complement the markets growth. Moreover the rising business expansions Hong Kong Phone Numbers List in China and India are likely to amplify the growth of the market in Asia Pacific. Europe is expected to witness substantial growth due to the soaring aquaculture production and the growing consumer inclination towards the production of salmon. North America is projected to gain considerable growth due to the presence of prominent market players including Archer Daniels and Cargill Incorporated. Additionally the high profits gained on exports of aquaculture.
Are likely to complement the regions market growth. Competitive Landscape Key Players Emphasize Product Portfolio Diversification to Expand Market Share The key players in the market emphasize product portfolio and distribution network diversification to augment their market reach and consumer bases. They adopt ingenious growth strategies including mergers and acquisitions new product launches technological advancements and others. For instance in January 2020 BioMar AS expanded its production capacity through the inaugural of its new aquafeed plant in Wesley Vale Tasmania.
India and China account for more than half of the regions sales. Is likely to complement the markets growth. Moreover the rising business expansions Hong Kong Phone Numbers List in China and India are likely to amplify the growth of the market in Asia Pacific. Europe is expected to witness substantial growth due to the soaring aquaculture production and the growing consumer inclination towards the production of salmon. North America is projected to gain considerable growth due to the presence of prominent market players including Archer Daniels and Cargill Incorporated. Additionally the high profits gained on exports of aquaculture.
Are likely to complement the regions market growth. Competitive Landscape Key Players Emphasize Product Portfolio Diversification to Expand Market Share The key players in the market emphasize product portfolio and distribution network diversification to augment their market reach and consumer bases. They adopt ingenious growth strategies including mergers and acquisitions new product launches technological advancements and others. For instance in January 2020 BioMar AS expanded its production capacity through the inaugural of its new aquafeed plant in Wesley Vale Tasmania.