According to Rabobank's 'Global Animal Protein Outlook Report for 2018,' animal protein production is expanding around the world, and increasing competition between the species and in trade flows is creating many areas of opportunity for both producers and processors. The report states that in seafood, sustainable growth of the seafood industry solely depends on aquaculture, although Rabobank expects the wild catch industry to recover after El Niño recedes in 2017.
In the October FAO News Report on Grains, it is reported that some of Europe’s biggest trade partners fear a potential EU ban on glyphosate could hit exports of crops ranging from Australian wheat to Brazilian soybeans. It was also reported that world grain markets have a recipe for strong volatility.
The new report “Indian Commercial Aquafeed Market - The Changing Market Landscape” provides in-depth study of India's aquaculture industry's performance in terms of inland and marine aquaculture production, along with the demand of commercial aquafeed in the coming years. According to the study, Andhra Pradesh accounts for 22% of India’s total commercial aquafeed consumption followed by West Bengal. The report includes state-wise fish production volume for inland and marine fishes and state-wise potential demand for commercial aquafeed and its consumption.
Most insights into aquaculture's societal effects come from developing nations. In industrial nations, aquaculture is known to bring jobs and infrastructure, particularly to isolated rural areas. Many aquaculture industries in developed nations suffer from low availability of high-paying jobs combined with a lack of appropriately trained staff willing to work in menial positions for low wages. Nonetheless, job retention in isolated areas helps stabilize community structure and drives secondary industry and services.
A new report has valued the feed enzymes market at USD 842.9 Million in 2016. It is projected to grow at a CAGR of 9.3% from 2017, to reach 1,428.6 Million by 2022. With the globally increasing demand for fish and fish-based products, the demand for feed enzymes in the aquafeed industry is also projected to increase. The rising cost of fishmeal has further encouraged feed manufacturers to use enzymes in aquafeed as an economical alternative protein sources.