#Aquafeed #Market #Reach #Billion
Pune, India, Nov. 07, 2022 (GLOBE NEWSWIRE) — The global Aquafeed Market size is expected to be reached $85.17 billion by 2028 and show a CAGR of 5.59% during the forecast period. Rising popularity of aquafeed and rising investments in R&D activities are expected to boost the growth of the market. The growth of the market is also attributed to the increasing trade in seafood due to rising seafood consumption and consumer spending on fish and fish products such as fishmeal, fish oil and fish silage. Insights into the Fortune businessTMhas presented this information in its report entitled “Aquafeed Market, 2021-2028”. The market size was $55.71 billion in 2020 and achieved $58.19 billion in 2021.
Impact of COVID-19
Supply chain disruptions hamper market growth
The coronavirus pandemic has drastically affected the market. The disruptions in sea and air transport and in global supply chains have negatively impacted the market development…
Read on GNW: Aquafeed Market to Reach $85.17 Billion by 2028 |
