The aquaculture industry must adopt the participatory approach to maintain the ecosystem's balance as a precaution for future growth. Market participants need to assess the impact of global warming on freshwater and marine resources, as water temperature affects the growth of aquaculture species and the consumption of feed. Taking into consideration key ecological components will increase aquaculture production capacity and add to feed ingredient growth.
In addition, participants need to develop and implement policies and strategies to enhance the adaptability of aquaculture production. These changes can be context-specific or region-specific, and will require the help of national governments for implementation.
The increasing prices of fishmeal and fish oil, which are major ingredients in animal feed, also curb market growth. Feed ingredient manufacturers are looking for alternate sources of proteins and lipids that are competitively-priced, serve nutritional requirements, and do not harm fish populations or the ecosystem.
"The use of natural ingredients, such as enzymes in aquaculture feed ingredients reduces greenhouse gas emissions," concluded Reddy. "Manufacturers must educate farmers on the benefits of these natural feed ingredients to drive revenues."Aquaculture Feed Ingredients Market—Global Outlook and Trends is part of the Food and Beverage Ingredients Growth Partnership Services program, which also includes research in the following markets: European Animal Feed Ingredients Market and Asia-Pacific Animal Feed Ingredients Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
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