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Global Shrimp Feed Market 2019-2023 | Rise in Use of Prebiotic in Shrimp Feed to Boost Growth | Technavio

January 8, 2019

LONDON--(BUSINESS WIRE)--Jan 8, 2019--The global shrimp feed market is expected to post a CAGR of over 5% during the period 2019-2023, according to the latest market research report by .

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Technavio predicts the global shrimp feed market to post a CAGR of over 5% by 2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the 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. Furthermore, the increase in shrimp farming area and decline in the anti-dumping tariff of shrimps have fueled the growth of shrimp farming market. The global shrimp consumption is expected to grow at more than 11% by 2030. The major shrimp-producing countries include India, China, Ecuador, Vietnam, Indonesia, Thailand, Argentina, Brazil, and Mexico. The improvements in shrimp farming and the adoption of intensive farming methods with industrialized processes have enhanced shrimp farming practices globally. Thus, the rise in shrimp farming practices is likely to increase the need for high-quality shrimp feed.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the rise in the use of prebiotic in shrimp feed as one of the key emerging trends in the global shrimp feed market:

Global shrimp feed market: Rise in use of prebiotic in shrimp feed

Prebiotics are non-digestible food ingredients on which probiotics feed. They increase the healthy bacterial population in the gut, enhance the production of important vitamins, and aid digestion. As the aquaculture industry is growing rapidly, there is a need for enhanced disease resistance, feed efficiency, and growth performance of cultured species. As the shrimps are cultured, there are chances of incidence of various diseases owing to toxic compounds in water, adverse climatic conditions, eutrophication, accumulation of organic matter, and dietary deficiency. Acute hepatopancreatic necrosis syndrome (AHNS) caused by Vibrio parahaemolyticus bacteria can kill shrimps. Therefore, there is a need for dietary supplementation with feed additives such as prebiotics. Thus, the benefits associated with the use of prebiotics are expected to increase its demand and use in the global shrimp feed market.

“Apart from the use of prebiotic in shrimp feed, some other factors boosting the growth of the global shrimp feed market are the continuous development of new products, growing adoption of alternative feed source, increase in use of improved technologies for shrimp feeding, and the expansion of shrimp feed production plants,” says a senior analyst at Technavio for research on food products.

Global shrimp feed market: Segmentation analysis

This market research report segments the global shrimp feed market by type (grower, finisher, starter) and geographical regions (APAC, EMEA, and the Americas).

The APAC region led the market in 2018 with a market share of over 67%, followed by the Americas and EMEA respectively. During the forecast period, the APAC region is expected to continue dominating the global shrimp feed market and register the highest incremental growth of close to 1%.

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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190107006156/en/

CONTACT: Technavio Research

Jesse Maida

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www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: NATURAL RESOURCES OTHER NATURAL RESOURCES RETAIL FOOD/BEVERAGE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/08/2019 03:00 AM/DISC: 01/08/2019 03:01 AM

http://www.businesswire.com/news/home/20190107006156/en

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