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New report examines the Latin America aquafeed market

Industrial Market Research

Latin America Aquafeed Market by End Use (Fish-Carp, Salmon, Tilapia, Catfish, and others; Mollusks-Oyster, Mussel, and others; Crustaceans-Shrimp, Crab, and others), by Additives (Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders), and by Region

According to the report Latin America Aquafeed market, published by Market Data Forecast, the Market was worth USD 8.61 billion in 2016 and estimated to be growing at a CAGR of 7.20%, to reach USD 12.18 billion by 2021. Aqua feed is a mixture of raw materials, additives and other supplements, sourced from either natural or synthetic sources and are fed to the aquaculture.

Aqua feed additives include amino acids, vitamins, minerals, enzymes, probiotics, antibiotics, flavors and colorants are the most common additives blended to form fish feed. Fish production in the world is mainly from both Aquaculture and Capture.

The end consumers of Aqua feed are fish, molluscs, crustaceans. Tilapia is the most farmed fish, raised in 135 countries whereas Shrimp is the largest aquaculture commodity.

Browse market data tables and in-depth TOC of the Latin America Aquafeed Industry to 2021 at…afeed-market-663/ Make an Inquiry about this news

The growth of the Latin America Aquafeed market is majorly driven by factors such as the growth in fish consumption, increase in mass production of fish, and limited availability of marine feed resources. Volatile economies and rising costs of raw materials are the main factors hindering the growth of the market.

The Latin America Aquafeed market is segmented based on End Use and Additives. On the basis of End Use, the global Aquafeed market is segmented into Fish, Mollusks, and Crustaceans.

Fish is further sub segmented into Carp, Salmon, Tilapia, Catfish, and others. Mollusks is further sub segmented into Shrimp, Crab, and others.

Crustaceans is further sub segmented into Oyster, Mussel, and others. On the basis of Additives, the global Aquafeed market is segmented into Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders.

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Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. It is one of the fastest growing Aquafeed markets in the world.

There are essentially four major players in this region. Chile, the largest aquafeed producer in the region, has built a highly advanced salmon industry.

It is followed by Brazil, then Ecuador, which is a leading shrimp exporter. Mexico ranks fourth, with shrimp and tilapia, and to a lesser extent, trout and marine species.

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Some of the major companies dominating the market in this region are Cargill, Inc., Nutreco N.V., Alltech Inc., AllerAqua A/S, Beneo GmbH, Biomar A/S, Charoen Pokphand Foods Public Company Limited, and Coppens International B.V.


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