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Aquafeed Additives Market

Aquafeed Additives Market Size by Type (Amino Acids, Antibiotics, Vitamins, Feed Acidifiers), Source (Plant, Animal, Microorganism), Application, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12846
  • Published Date: Jul, 2022
  • Pages: 235
  • Category: Food & Beverages
  • Format: PDF
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The global aquafeed additives market is anticipated to reach USD 6.32 billion by 2030, at a CAGR of 4.10% from 2022 to 2030. The rising consumption of seafood across the globe is one of the key factors driving the growth of the global aquafeed additives market.

Market Overview:

Aquafeed additives are nutritive or non-nutritive ingredients of the aquafeed that are supplemented in a small amount alone or in combination for a specific purpose. These additives are generally used to improve the quality of the fish, maintain the quality of the aquatic environment, and enhance the physical and chemical quality of the diet. Aquafeed is composed of two types of particles: pressure-pelleted bits and extruded bits. The pressure-pelleted bit sinks, whereas the extruded bit floats on top of the water. Many types of marine life eat both pressure-pelleted bits and extruded bits. Other marine life, for instance, shrimp, consume only sinking feeds. There are different types of aquafeed additives used, such as prebiotics, probiotics, enzyme, antioxidants, stabilizers, emulsifiers, etc. The raw materials used for the manufacturing of the aquafeed additives are soybean, corn, wheat, rice, fish oil, fish bones, minerals, etc. The aquafeed additives help to increase the productivity of marine life and prevent diseases. Some of the benefits of the aquafeed additives are improved immunity system, health growth, and reduced mortality rate in marine life.

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Market Dynamics:

Drivers:
  • Increasing demand for sea food across the globe

As the global population is expected to reach 9 billion by the year 2050, there will be a growing demand for more food-which can be fulfilled by the aquaculture industry. Aquaculture is an essential part of the solution to the global food industry. Seafood is recognized as the healthiest food on the planet with less environmental impact. Fish is significant to the nutritious diet around the globe. For these reasons, they are vital for regional, national, and global nutrition and food security strategies and play a crucial role in transforming food systems and eliminating malnutrition and hunger. The growing consumption of seafood is directly proportional to the rising demand for aquafeed. Thus, the rising demand for seafood across the globe is driving the market growth.

  • Rising aquaculture industry across the globe

Aquaculture is one of the fastest-growing sectors in the world. It accounts for nearly 50% of the world’s food fish. As the aquaculture sector grows, there is an increasing demand for aquafeed additives in the market. The world’s aquaculture production of aquatic animals is currently dominated by the Asia Pacific region. Among the major producing countries, China, India, Bangladesh, Viet Nam, etc., are the leading countries in the region. Therefore, the rising aquaculture industry across the globe is boosting the demand for aquafeed additives.

Restraints:
  • Aquafeed additives are expensive

Aquafeed additives prices vary from a few hundred dollars a ton to 1000 dollars a ton, depending on the species being fed. The cost of the key ingredient of aquafeed additives is closely related to global commodity and energy prices. Aquafeed additives commonly depend on soybean, corn, wheat, and rice. But the prices of these commodities have soared in recent years. Therefore, high prices of aquafeed additives could hinder the growth of the market over the forecast period.

Opportunities:
  • Rising demand for plant based aqua additives

In the current scenario, the plant-based aquafeed additives are generally derived from soybean, cotton seeds, corn, sunflower seeds, peas, and other organic sources. Additives derived from the theses sources are enriched with natural proteins and nutrition and are therefore more in demand in the market. In addition to this, plant-derived aquafeed additives are easy to digest as compared to animal-derived proteins. Therefore, plant-derived aquafeed additives are better alternatives than animal-derived proteins in the market. Thus, the rising demand for plant-based aqua additives is anticipated to offer various growth opportunities in the market over the forecast period.

Challenges:

  • Undesirable impacts on the water bodies  

Without the guidance of a professional fisheries biologist, aquafeed additives can have an adverse impact on the water. The aquafeed additives slightly increase the nutrients like phosphorus in the waterbody, which could result in water quality imbalances. Excess phosphorus accumulation is known to cause algae growth, nuisance aquatic weed, and the development of toxic cyanobacteria. Thus, undesirable impacts on the water bodies could hamper the market’s growth over the forecast period.

Segmentation Analysis:

The global aquafeed additives market has been classified based on type, source, application, and region.

  • The type segment is divided into amino acids, antibiotics, vitamins, feed acidifiers, and others. The feed acidifiers segment led the aquafeed additives market with a market share of around 26.5% in 2021. The growth is mainly due to the ability of the feed acidifiers to prevent the disease caused by salmonella and e-coli. The feed acidifiers are added to the feed to lower the pH of the feed. 
  • The source segment is divided into plant, animal, and microorganisms. The plant-based segment is estimated to grow at the highest CAGR of 4.5% over the forecast period. The growing demand for natural feed additives is one of the key factors which is driving the growth of the market.
  • The application segment is divided into carp, rainbow trout, crustaceans, salmon, catfish, tilapia, sea bass, groupers, and others. The catfish segment accounted for a major market share of 30.21% in the year 2021. This is mainly due to the rising demand for the catfish from consumers owing to its rich content of omega-six fatty acids and vitamin D.
Regional Segmentation Analysis:

The regions analysed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the global aquafeed additives market with a market share of 40.01% in the year 2021.

  • The North American region is the largest consumer of aquafeed additives, owing to the high consumption of seafood in the countries such as the U.S. and Canada. In addition to this, the presence of a large number of aquafeed manufacturing companies in the market further drives the growth of the market.
  • The Asia Pacific region is anticipated to grow at the highest CAGR of 4.05% over the forecast period. This is mainly due to favorable climatic conditions, cheap labor, and the presence of a large number of natural resources in the region.

North America Aquafeed Additives Market Share in 2021 - 40.01%

 

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Competitive Analysis:

The key players of the global aquafeed additives market are mainly focusing on the implementation of strategies such as joint ventures, mergers & acquisitions, new product development, research and development activities, collaborations, and partnerships to improve their market position in the global aquafeed additives industry.

In December 2020, Kemin Industries announced the distribution and logistics partnership with Pestell Nutrition across Canada. This partnership is expected to help Kemin Industries to distribute its products to a wider range of customers while giving Pestell Nutrition opportunity to broaden its value-added feed additives product range across Canada.

List of Key Market Players:

  • Kemin Industries
  • Nouryon
  • Norel SA
  • Calanus AS 
  • Alltech
  • Lallemand Inc.
  • Olmix Group
  • Nutriad Inc.
  • DuPont de Nemours Inc
  • Biorigin
  • Phileo by Lesaffre
  • Aker Biomarine

Key Target Audience

  • Raw Material Suppliers
  • Potential Investors
  • Aquaculture Companies
  • Aquafeed additives Manufacturers
  • Retailers, Wholesalers, and Distributors
  • Governments, Associations, and Industrial Bodies

Report Description:

  • Global Aquafeed Additives Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global aquafeed additives market is based on revenue (USD Million/Billion), volume (K Tons), and price. The report incorporates the market study on the basis of revenue and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global aquafeed additives market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of aquafeed additives and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global aquafeed additives market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global aquafeed additives market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global aquafeed additives market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the aquafeed additives market was valued at USD 4.40 billion in 2021 and is anticipated to reach USD 6.32 billion by 2030.

Global aquafeed additives market is growing at a CAGR of 4.10% during the forecast period 2022-2030.

The global aquafeed additives market has been segmented based on type, source, application, and regions. The feed acidifiers segment led the aquafeed additives market. The antibiotics expected to grow at the highest CAGR over the forecast period.

The North America region emerged as the largest market for the aquafeed additives.

The rising consumption of the seafood in all over the world is one of the key contributing factors for the growth of market.

The fluctuation in the raw material prices could hamper the growth of the market over the forecast period.

Rising research and development activities in the production of aquafeed additives market is expected to offer the future growth opportunity in the market.

Key players are Kemin Industries, Nouryon, Norel SA, Calanus AS, Alltech, Lallemand Inc., Olmix Group, Nutriad Inc., DuPont de Nemours Inc, Biorigin, Phileo by Lesaffre, and Aker Biomarine among others.

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  • Segmentation on the basis of any specific country or region
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Source
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising consumption of seafood across the globe
          5.2.2. Increasing aquaculture sector
    5.3. Restraints
          5.3.1. High cost of aquafeed additives
    5.4. Opportunities
          5.4.1. Increasing research and development activities in the aquafeed additives market
    5.5. Challenges
          5.5.1. Fluctuation in the raw material prices

6. Global Aquafeed Additives Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Amino Acids
    6.3. Antibiotics
    6.4. Vitamins
    6.5. Feed acidifiers
    6.6. Others

7. Global Aquafeed Additives Market Analysis and Forecast, By Source
    7.1. Segment Overview
    7.2. Plant
    7.3. Animal
    7.4. Microorganism

8. Global Aquafeed Additives Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Rainbow Trout
    8.3. Carp
    8.4. Salmon
    8.5. Crustaceans
    8.6. Tilapia
    8.7. Catfish
    8.8. Sea Bass
    8.9. Groupers
    8.10. Others

9. Global Aquafeed Additives Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Aquafeed Additives Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Aquafeed Additives Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Kemin Industries
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Nouryon
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Norel SA
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Calanus AS
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Alltech
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Lallemand Inc.
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Olmix Group
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Nutriad Inc.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. DuPont de Nemours Inc
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Biorigin
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Phileo by Lesaffre
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Aker Biomarine
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis

List of Table

1. Global Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

2. Global Amino Acids, Aquafeed Additives  Market, By Region, 2019–2030(USD Billion) (Tons)

3. Global Antibiotics, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

4. Global Vitamins, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

5. Global Feed Acidifiers, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

6. Global Others, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

7. Global Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

8. Global Plant Market, By Region, 2019–2030(USD Billion) (Tons)

9. Global Animal, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

10. Global Microorganism, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

11. Global Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

12. Global Rainbow Trout Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

13. Global Carp Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

14. Global Salmon Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

15. Global Tilapia Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

16. Global Catfish, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

17. Global Sea Bass, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

18. Global Groupers, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

19. Global Crustaceans, Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

20. Global Others Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

21. Global Aquafeed Additives Market, By Region, 2019–2030(USD Billion) (Tons)

22. North America Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

23. North America Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

24. North America Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

25. U.S. Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

26. U.S. Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

27. U.S. Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

28. Canada Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

29. Canada Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

30. Canada Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

31. Mexico Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

32. Mexico Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

33. Mexico Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

34. Europe Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

35. Europe Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

36. Europe Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

37. Germany Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

38. Germany Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

39. Germany Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

40. France Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

41. France Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

42. France Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

43. U.K. Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

44. U.K. Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

45. U.K. Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

46. Italy Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

47. Italy Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

48. Italy Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

49. Spain Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

50. Spain Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

51. Spain Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

52. Asia Pacific Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

53. Asia Pacific Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

54. Asia Pacific Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

55. Japan Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

56. Japan Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

57. Japan Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

58. China Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

59. China Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

60. China Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

61. India Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

62. India Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

63. India Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

64. South America Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

65. South America Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

66. South America Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

67. Brazil Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

68. Brazil Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

69. Brazil Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

70. Middle East and Africa Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

71. Middle East and Africa Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

72. Middle East and Africa Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

73. UAE Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

74. UAE Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

75. UAE Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

76. South Africa Aquafeed Additives Market, By Type, 2019–2030(USD Billion) (Tons)

77. South Africa Aquafeed Additives Market, By Source, 2019–2030(USD Billion) (Tons)

78. South Africa Aquafeed Additives Market, By Application, 2019–2030(USD Billion) (Tons)

List of Figures 

1. Global Aquafeed Additives Market Segmentation

2. Aquafeed Additives Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Aquafeed Additives Market Attractiveness Analysis By Type

9. Global Aquafeed Additives Market Attractiveness Analysis By Source

10. Global Aquafeed Additives Market Attractiveness Analysis By Application

11. Global Aquafeed Additives Market Attractiveness Analysis By Region

12. Global Aquafeed Additives Market: Dynamics

13. Global Aquafeed Additives Market Share By Type (2022 & 2030)

14. Global Aquafeed Additives Market Share By Source (2022 & 2030)

15. Global Aquafeed Additives Market Share By Application (2022 & 2030)

16. Global Aquafeed Additives Market Share by Regions (2022 & 2030)

17. Global Aquafeed Additives Market Share by Company (2021)

This study forecasts revenue and volume growth at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global aquafeed additives market based on below mentioned segments:

Global Aquafeed Additives Market by Type:

  • Amino acids
  • Antibiotics
  • Vitamins
  • Feed acidifiers
  • Others

Global Aquafeed Additives Market by Source:

  • Plant
  • Animal
  • Microorganism

Global Aquafeed Additives Market by Application:

  • Rainbow Trout
  • Carp
  • Salmon
  • Tilapia
  • Catfish
  • Sea Bass
  • Groupers
  • Others

Global Aquafeed Additives Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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