LONDON–(BUSINESS WIRE)–Apr 2, 2020–
Technavio has been monitoring the shrimp feed market and it is poised to grow by USD 1.61 billion during 2019-2023, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Shrimp Feed Market 2019-2023 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Archer Daniels Midland Co., Avanti Feeds Ltd., BioMar, Cargill Inc., Charoen Pokphand Foods Public Co. Ltd., DuPont de Nemours Inc., Evonik Industries AG, Growel Feeds Pvt. Ltd., Novozymes AS, and Nutreco NV are some of the major market participants. The rise in shrimp farming practices will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Rise in shrimp farming practices has been instrumental in driving the growth of the market.
Shrimp Feed Market is segmented as below:
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:
This study identifies rise in the use of prebiotics in shrimp feed as one of the prime reasons driving the shrimp feed market growth during the next few years.
We provide a detailed analysis of around 25 vendors operating in the shrimp feed market, including some of the vendors such as Archer Daniels Midland Co., Avanti Feeds Ltd., BioMar, Cargill Inc., Charoen Pokphand Foods Public Co. Ltd., DuPont de Nemours Inc., Evonik Industries AG, Growel Feeds Pvt. Ltd., Novozymes AS, and Nutreco NV. Backed with competitive intelligence and benchmarking, our research reports on the shrimp feed market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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 17,000 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.
View source version on businesswire.com:
CONTACT: Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website:www.technavio.com/
KEYWORD:
INDUSTRY KEYWORD: RETAIL NATURAL RESOURCES OTHER NATURAL RESOURCES FOOD/BEVERAGE
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 04/02/2020 09:00 PM/DISC: 04/02/2020 09:00 PM
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