Warm Water Aquaculture Feed Market is projected to register a substantial CAGR of 5.3% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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Global warm water aquaculture feed market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years due to rising consumption of fish food. In additionally; development of new formulated aquaculture feed will increase the market sale.
The market is witnessing developments in terms of merger and acquisitions, partnerships or product launches that expand the service coverage for the customers. The companies who are focusing to meets the rising demand of formulated feed for warm water aquaculture will sustain their position in the market.
For instance, In September, 2017, Aller Aqua launched Power 2, a new generation for feed formulation. Power 2 makes efficient use of resources, reliable quality and low nutrient loss. The company strengthen the product portfolio by launching this product, thus this will help the company to maximize its customer base and revenue.
Cargill, Incorporated is dominated player in global warm water aquaculture feed market. The other key players existing in the market includes BioMar Group, BIOMIN Holding GmbH, Aller Aqua Group, Charoen Pokphand Foods PCL, Adisseo, Purina Animal Nutrition LLC., Alltech, Rangen Inc, THAN VUONG COMPANY LTD, BRF, Nutreco N.V., Archer Daniels Midland Company, Calysta, Inc., Spectrum Brands, Inc., Solvay, Kemin Industries, Inc., Bio-Oregon, TECHNA SA, Evonik Industries AG and Avanti Feeds Ltd among others.
Cargill, Incorporated.
Cargill, Incorporated is headquartered in Minnesota, U.S., founded in 1865. The company operates in various segments such as animal nutrition & protein, food ingredients & applications, origination & processing, industrial & financial services. The company offers its products from several product categories such as agriculture, animal nutrition, beauty, bio industrial, food & beverage, industrial, foodservice, meat & poultry, Transportation, Pharmaceutical and Risk Management.
The company also generates its revenue from its subsidiaries including NatureWorks LLC, (U.S.), FRONTIER AGRICULTURE LTD (U.K), Cargill Cocoa & Chocolate (U.S.), OPX Biotechnologies, Inc. (U.S.), Alvean (Switzerland) among others.
The company has wide presence across the globe such as in Asia-Pacific, Europe, Latin America, Middle East & Africa and North America.
- In March 2018, Cargill, Incorporated introduced new platform for the aquaculture customers. The new digital platform “iQuatic” has been launched by company to manage shrimp farming activity such as water quality, control excess feed into pond and sustainability. The company is introducing digitalised solution for aquaculture industry to make easier operations which has helped the company to attract major customer base with huge support.
BioMar Group
BioMar Group is headquartered in Aarhus, Denmark and was founded in 1962. The company is engaged in the manufacturing of nutritious food for wide range of fish species with minimum environmental impact. It also offers several categories of species such as African catfish, skinny, tropical umbrella, salmon, bar, bream, sole, sturgeon, tilapia, trout, Turbot
The company generates its revenue from its subsidiaries such as Biomar Limited (Jutland), BioMar-Tongwei Biotech (Wuxi) Ltd (Haiwei), BioMar SAS (France) among others. It has wide presence across the globe including Europe, Asia-Pacific, Middle East and Africa.
- In September 2019, BioMar Group acquired 70.0% of Alimentsa, which is South American shrimp feed manufacturer company. The company extended its range to include feed for shrimp with this acquisition. This acquisition will help the company to maximize the global presence of the company.
Nutreco N.V.
Nutreco N.V. is headquartered in Amersfoort, The Netherlands founded in 1994. The company is engaged in developing advanced nutritional solutions to offer products and services for aquaculture and livestock farming consumers.
The company also generates in revenue from its subsidiaries such as Nanta SA (Spain), Hypor BV (Netherlands), Nutreco Holding B.V. (Chile), Grupo SADA p.a.,S.A (Madrid) and Anchor (U.S.) among others.
The company has wide presence across the globe such as Asia-Pacific, Europe, Middle East & Africa, North & Central America and South America.
- In February, 2019, Nutreco company formed partnership with Hendrix Genetics, animal breeding company and Ecuacultivos SA, a shrimp farming company. The partnership is formed to develop new shrimp breeding program through breeding technologies and advanced genetics. Through this partnership company is expanding their business warm water aquaculture species market.
