GCC Aquafeed Market: Market Size, Share, Trends, Industry Analysis, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC aquafeed market based on its segments including specie, ingredients, additives, product forms, region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Aquafeed refers to the compounded meal that is prepared to feed various aquatic animals by combining numerous additives and raw materials. It is made and offered as per the age and the specific requirements of the organism. Aquafeed can be manufactured in two forms: extruded bits and pressure-pelleted feed. It plays a crucial role in maintaining the health of aquatic organisms and providing optimal growth. Aquafeed also assists in lowering susceptibility to disease and improving immunity. As a result, it is widely consumed by fish, crustaceans, mollusks, and several other aquatic animals.
Note: The study incorporates COVID-19's direct market impact as well as the indirect effects of related industries on the GCC aquafeed market. These insights are regularly updated by the subject matter experts at Syndicated Analytics
GCC Aquafeed Market Industry Trends and Drivers:
The elevating consumer awareness regarding the benefits offered by high-quality seafood products, along with the increasing fish cultivation in the region, is primarily driving the GCC aquafeed market. Furthermore, the rising consumption of seafood, coupled with the growing preference for protein-rich diets, is catalyzing the demand for high-quality aquafeed. This, in turn, is providing a positive outlook for the overall market. Moreover, several product innovations, such as the introduction of organic and chemical-free aquafeed that cater to the diverse nutritional requirements of aquatic animals and improve metabolism, are further impelling the market growth. In addition to this, the growing adoption of fish aquariums in residential and corporate houses is also contributing to the market for aquafeed. Furthermore, several other factors, including escalating demand for fish and fish oil, the limited accessibility of marine feed resources, and the introduction of various government initiatives to encourage farmers to utilize high-quality feed, are anticipated to propel the GCC aquafeed market in the coming years.
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GCC Aquafeed Market Segmentation:
The market is segmented on the basis of specie, ingredients, additives, product forms, region
Segmentation by Specie:
- Carp Feeds
- Marine Shrimps
- Tilapias
- Catfishes
- Marine Fishes
- Salmons
- Freshwater (FW) Crustaceans
- Trouts
- Others
Segmentation by Ingredients:
- Soybean
- Corn
- Fish Meal
- Fish Oil
- Additives
- Others
Segmentation by Additives:
- Vitamins and Minerals
- Antioxidants
- Feed Enzymes
- Others
Segmentation by Product Forms:
- Pellets
- Extruded
- Powdered
- Liquid
Segmentation by Country:
- Saudi Arabia
- United Arab Emirates
- Qatar
- Kuwait
- Oman
- Bahrain
The key regions covered in the market report are Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain. Moreover, the report also focuses on factors that strengthen revenue potential, demand, and consumption patterns in the market.
Competitive Landscape:
The report also provides insights on the competitive landscape of the aquafeed market with the leading players profiled in the report.
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Discover how this report can help boost your revenues:
- Examine the current trends in the GCC aquafeed market to evaluate industry prospects
- Analyze the present and future performance in established and emerging markets
- Evaluate market dynamics and expansion opportunities
- Investigate the economic and non-economic factors influencing market segments
- Employ qualitative and quantitative market analysis to enhance data-driven decisions
- Analyze how demand and supply factors influence industry growth at the regional and country level
- Study the market competition as per Porter’s five forces model
- Gain insights to new product launches and growth strategies employed by market players
- Capitalize on comprehensive profiles of major companies operating in the industry
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