Global demand for aqua feed rising 11.4% annually
The global demand for aqua feed is expected to grow at a compounded annual growth rate of 11.4% from 2013 through 2019, according to a new report published by Transparency Market Research on the trends and forecasts for the aqua feed market.
By 2019, the report predicts, demand will reach a value of $122.6 billion, up from $57.7 billion in 2012. In terms of volume, the demand is projected to grow at a compounded annual growth rate of 10.9%, reports the Digital Journal.
Increasing aquaculture activity has been one of the major factors driving the demand for aqua feed over the past few years and the trend is expected to continue over the next few years. To read the full article, click here.