Ornamental Fish Feed Consumption Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Ornamental fishes are colorful species of fish that are kept in a confined space of an aquarium or garden pool. The ornamental fish feed includes animal or plant material which serves as a nutrition source for these fishes. Ornamental fishes require macronutrients, vitamins, and some elements in trace quantities for maintaining good health. Fish food must ideally provide them with energy and must be easily digested to prevent renal failure and other infections. Ornamental fish feed is available in various forms such as dried food, frozen food, and live food. Frozen food is artificially prepared food in the form of flakes, tablets, and pellets and has high nutritious value. Some fish food also contains additives to enhance the color of the fish artificially.

MARKET DYNAMICS

The ornamental fish feed consumption market is anticipated to grow in the forecast period owing to driving factors such as rising disposable income coupled with increasing adoption of ornamental fishes on account of the growing interest of consumers towards aquarium fishes. Moreover, government initiatives promoting the ornamental fisheries sector further boost the growth of the ornamental fish feed consumption market. However, stringent government regulations against the cruelty of animals negatively affect the growth of the ornamental fish feed consumption market. On the other hand, increased awareness towards nutritional considerations of fishes is likely to showcase growth opportunity for the ornamental fish feed consumption market during the forecast period.

MARKET SCOPE

The "Global Ornamental Fish Feed Consumption Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of ornamental fish feed consumption market with detailed market segmentation by ingredient type, food type, and geography. The global ornamental fish feed consumption market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ornamental fish feed consumption market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global ornamental fish feed consumption market is segmented on the ingredient type and food type. Based on ingredient type, the market is segmented as meat ingredient, plant ingredient, and others. The market by meat ingredient is further sub-segmented as fish meal, shrimp meal, squid, and others. The plant ingredient market is further classified as spirulina, alfalfa, algae, vegetable extracts, and others. On the basis of the food type, the market is segmented as live food, processed food, and frozen dried food. Live food market is further classified into earthworm, white worm, micro worms, and others. On the other hand, market by processed food is sub-segmented as flakes, crisps, granules, pellets, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ornamental fish feed consumption market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ornamental fish feed consumption market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting ornamental fish feed consumption market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the ornamental fish feed consumption market in these regions.

MARKET PLAYERS

The reports cover key developments in the ornamental fish feed consumption market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from ornamental fish feed consumption market are anticipated to lucrative growth opportunities in the future with the rising demand for ornamental fish feed consumption in the global market. Below mentioned is the list of few companies engaged in the ornamental fish feed consumption market.

The report also includes the profiles of key ornamental fish feed consumption companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• AlgaSpring B.V.
• Alltech Inc
• Cargill, Incorporated.
• Hai Feng Feeds Co., Ltd.
• Ocean Nutrition
• Ocean Star International, Inc.
• PT Central Proteina Prima Tbk
• sera GmbH
• Taiyo Feed Mill Pvt Ltd.
• Tianjin Dongjiang Food Co., Ltd.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Ornamental Fish Feed Consumption Report Scope