Selbyville, Delaware: Market Study Report adds Asia Pacific Aquafeed market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Rapid middle-class growth in emerging nations such as China, India, Vietnam & Thailand, increasing disposable incomes and abundant availability of lobsters, prawns, fish and crab species in these countries may boost growth of Asia Pacific aquafeed & aquaculture additives market size. Aquafeed is vital for the booming fish-farming industry owing to various benefits such as high nutritional content, improved immunity, growth promotion, and well-regulated composition. Favorable climate for the industry, cheap labor and is witnessing rising demand for protein-laden foods which may further stimulate Asia Pacific aquafeed & aquaculture additives market growth.A Asia Pacific Aquafeed & Aquaculture Additives MarketA estimated to exceedA USD 215 billionA by 2024.
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Japan aquafeed market size from salmon was valued at over USD 830 million in 2017 on account of rising sushi consumption, increasing fish farming, and large volume of imports especially from Norway. Salmon require high amounts of vital amino acids such as histidine, arginine, leucine, methionine and lysine which are obtained from feed proteins and essential for healthy growth.
Vietnam antibiotics based aquaculture additives market demand may experience gains of over 2.5% by 2024 pertaining to growing product demand for preventive water treatment and treating bacterial illnesses. The country has a large water surface area suitable for fish-farming, faces rising demand for exports from the booming global population, and has several government initiatives for industry promotion to promote employment growth.
Asia Pacific aquafeed market share is moderately fragmented with key players including New Hope Group, Charoen Pokphand, Tongwei Group, Archer Daniels Midland Co., Guangdong Wen’s Group, and Nutreco N.V. Most manufacturers are focusing their efforts on increasing production capacity by adopting mass production methods to meet rising demand.
Diesel Generator Sets Market Size, Share, Status & Forecasts to 2025
As per credible estimates, the global diesel generator sets market was worth USD 20,660 million in the year 2019 and is expected to grow with a CAGR of 6.1% between 2020 and 2025, hence reaching USD 26,220 million by the end of study period. Introduction of various government initiatives towards electrification of rural areas along with growing demand for continuous power supply are major factors driving the diesel generator sets market growth. Also, rising dependency on electricity and inadequate electrical infrastructure are further aiding the market expansion.
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