AQUAFEED MARKET ANALYSIS
Market Trends
On the basis of species type, fish segment is expected to show a significant growth in the aquafeed market over the forecast period owing to a large consumption of fishes. According to British Columbia Ministry of Agriculture, the fish consumption in Japan was 2,512 thousand tonnes and is continuously growing whereas the consumption of crustaceans was 472 thousand tonnes in 2017.
Moreover, high cost and difficulty in the preparation of crustaceans and mollusks, lowers its demand as compared to fish, which in turn drives growth of fish segment in the market.
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