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Global Shrimp Feed Market 2019-2023

Global Shrimp Feed Market 2019-2023

  • December 2018
  • 109 pages
  • ID: 5678761

Summary

Table of Contents

About this market
Growing adoption of alternative feed sources todrive market growth.As shrimp farming has been growing rapidly,there is a rise in need to identify new feed products to support the market growth.Technavio's analysts have predicted that the Shrimp Feed market will register a CAGR of more than 5% by 2023.

Market Overview
Increase in shrimp farming practices
Shrimp farming is an aquaculture practice of producing shrimps and prawns in a marine or freshwater environment.The shrimp farming practices have been growing significantly over the years owing to the rise in demand for healthy and fresh shrimps for human consumption.
High cost of raw materials for manufacturing shrimp feed
The prices of raw materials have increase over the years,which makes the shrimp feed manufacturers increases the price of the feed to gain profit.
For the detailed list of factors that will drive and challenge the growth of the shrimp feed market during the 2019-2023,view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Neovia and Nutreco the competitive environment is quite intense.Factors such as the growing adoption of alternative feed sources and the increase in shrimp farming practices,will provide considerable growth opportunities to shrimp feed manufactures.Avanti Feeds,BioMar,Charoen Pokphand Foods,Neovia,and Nutreco are some of the major companies covered in this report.

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