Shrimp farming in the marine or freshwater setting is an aquaculture practice of making shrimp and creep. Feed for shrimps is manufactured so that shrimps meet their dietary demands. It helps control the proper concentrations of shrimp vitamins, minerals, essential amino acids and acids. Due to increasing demand for healthy and fresh shrimps for human consumption, shrimp farming methods have grown considerably over the years. Due to the rapid development of shrimp farming, fresh feed products are increasingly needed to encourage market growth.
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Contract Farming Practices Augment Shrimp Feed Market Growth
Contract farming is the main driver behind the growing demand for shrimp feed. The system provides farmers with the necessary aquatic feed for the development of shrimp. Oceanic Edibles International Ltd has launched contracts for shrimp manufacturing with a group of farmers and the Indian Overseas Bank. Farmers received feed for manufacturing from Oceanic. This enormous impact on the aquatic animal feeding sector will contribute towards animal development without illnesses as appropriate feed for aqua animals.
Some of the other drivers of the global shrimp feed market further are increased disposable revenues, population growth and improved shrimp farming.
Use of Prebiotics to Emerge as Key Market Trend
Different illnesses due to toxic compounds in water, negative climatic condition, eutrophication, organic matter accumulation and diet deficiency are likely to occur as shrimp is cultivated. Vibrio parahaemolyticus bacteria may destroy shrimps with Acute Hepatopancreas Syndrome (AHNS). Diät supplements with feed additives like präbiotics are therefore required. The advantages of prebiotics are therefore anticipated to boost their demand and utilization on the global shrimp feed market in the forthcoming years.
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Prominent names in the global shrimp feed market are Nutreco, Charoen Pokphand Foods, Avanti Feeds, Neovia, and BioMar.