水产饲料市场 - 全球产业规模、份额、趋势、机会和预测，按成分、添加剂、物种、形式、生命週期、地区和竞争细分，2020-2030 年预测

2024 年全球水产饲料市场价值为 682.6 亿美元，预计到 2030 年将达到 1,053.6 亿美元，预测期内的年复合成长率(CAGR) 为 7.50%。水产饲料由多种成分组成，为鱼类、甲壳类动物和软体动物等水生动物提供营养。其主要功能是满足它们的营养需求并支持正常的生理过程，包括维持强大的免疫系统、繁殖和生长。由于保质期有限，水产饲料需要小心处理才能确保其有效性。这种专用饲料由鱼和植物原料混合而成，旨在提供最佳生长和整体健康所必需的重要营养物质，如蛋白质、脂肪、维生素、油和矿物质。水产饲料的成分是根据动物的种类和发育阶段量身定制的。水产饲料除了能减轻压力、提高免疫力外，还能增强抗病能力。水产饲料有多种形式，包括颗粒、薄片和颗粒。例如，根据美国农业部的数据，2022 年，日本是全球最大的海鲜消费国，也是美国海鲜的主要进口国。

关键市场驱动因素：海鲜消费量成长

随着全球对海鲜的需求增加，水产饲料的需求也预计会随之增加。海鲜是全球数十亿人的重要营养来源，而水产养殖（即水生生物的养殖）正成为海鲜的主要供应者。随着水产养殖业的扩大，对水产饲料的需求也随之增加，水产饲料为养殖物种的生长和健康提供必需的营养。全球海鲜消费量的增长是由人口增长、对海鲜健康益处认识的提高以及饮食偏好的转变等因素推动的，这直接影响了水产饲料的需求。此外，由于过度捕捞导致野生鱼类资源枯竭，水产养殖以及水产饲料在满足日益增长的海鲜需求方面发挥着越来越重要的作用。因此，海鲜消费量的不断增长推动了全球水产饲料市场的成长，随着世界各国寻求可持续地满足其海鲜需求，这一趋势预计还将持续下去。

主要市场挑战原材料成本波动

全球水产饲料产业面临与原材料价格波动相关的重大挑战，这项因素可能会削弱需求。水产饲料中的关键成分，例如豆粕、鱼粉和鱼油，会因环境因素、供应链中断和地缘政治事件而经历大幅价格波动。这些波动会增加生产成本，从而导致最终产品价格上涨。随着水产饲料价格越来越高，小规模养鱼户可能无法负担，可能会减少产量或转向更便宜、营养价值更低的替代品。成本上升也导致养殖鱼价格上涨，进而可能抑制消费者需求。在价格敏感度较高的新兴市场，价格上涨可能会严重阻碍水产养殖业的发展，进一步抑制全球对水产饲料的需求。不稳定的原料市场威胁水产饲料产业的获利能力和永续性，并影响更广泛的水产养殖价值链。因此，控制原材料成本波动对于稳定和促进全球水产饲料需求至关重要。

主要市场趋势 优质水产饲料的开发

全球水产饲料市场预计将大幅成长，主要得益于高品质饲料开发的进步。随着水产养殖业的发展，对海鲜的需求不断增加，营养均衡的饲料对于确保养殖水生物种的健康和生长至关重要。高品质水产饲料可优化生长速度、增强免疫力、减少牲畜损失，进而提高整体产量。这些水产饲料富含必需的营养成分、生物活性化合物和益生菌，使其成为经济高效、永续的水产养殖实践不可或缺的一部分。随着各国越来越认识到水产养殖对粮食安全的重要性，对高端水产饲料研发的投资预计将增加，进一步推动需求。此外，推动环保水产养殖实践要求饲料能最大限度地减少浪费和营养污染，从而进一步促进对高品质水产饲料的需求。因此，开发和采用这些先进饲料对于满足全球对永续生产和营养丰富的海鲜日益增长的需求至关重要。

目录

第 1 章：产品概述

第 2 章：研究方法

第 3 章：执行摘要

第四章：全球水产饲料市场展望

• 市场规模和预测
  • 按价值
• 市场占有率和预测
  • 依成分（大豆、鱼粉、玉米、鱼油、添加剂、其他）
  • 按添加剂（胺基酸、维生素和矿物质、益生元和益生菌、酵素、抗生素、其他）
  • 依种类（鱼类、甲壳类、软体动物、其他）
  • 依形式分类（干式、湿式、潮湿形式）
  • 依生命週期（生长饲料、育肥饲料、幼雏饲料、育雏饲料）
  • 按地区
  • 按公司分类（2024）
• 市场地图

第 5 章：北美水产饲料市场展望

• 市场规模和预测
  • 按价值
• 市场占有率和预测
  • 按成分
  • 按添加剂
  • 按物种
  • 按形式
  • 按生命週期
  • 按国家
• 北美：国家分析
  • 美国
  • 加拿大
  • 墨西哥

第六章：欧洲水产饲料市场展望

• 市场规模和预测
• 市场占有率和预测
• 欧洲：国家分析
  • 英国
  • 义大利
  • 法国
  • 西班牙

第七章：亚太水产饲料市场展望

• 市场规模和预测
• 市场占有率和预测
• 亚太地区：国家分析
  • 印度
  • 日本
  • 韩国
  • 澳洲

第 8 章：南美洲水产饲料市场展望

• 市场规模和预测
• 市场占有率和预测
• 南美洲：国家分析
  • 阿根廷
  • 哥伦比亚

第 9 章：中东和非洲水产饲料市场展望

• 市场规模和预测
• 市场占有率和预测
• MEA：国家分析
  • 沙乌地阿拉伯
  • 阿联酋

第 10 章：市场动态

• 驱动程式
• 挑战

第 11 章：市场趋势与发展

• 近期发展
• 合併与收购
• 产品发布

第 12 章：全球水产饲料市场：SWOT 分析

第 13 章：波特五力分析

• 产业竞争
• 新进入者的潜力
• 供应商的力量
• 顾客的力量
• 替代产品的威胁

第 14 章：竞争格局

• Archer Daniels Midland Company
• Ridley Corporation Limited
• DE Heus Animal Nutrition BV
• Biostadt India Limited
• NK Ingredients Pte Ltd.
• Marubeni Nisshin Feed Co., Ltd.
• Cargill, Inc
• Nutreco NV
• Avanti Feeds Ltd
• Charoen Pokphand Foods Public Company Limited

第 15 章：策略建议

第16章 调査会社について・免责事项

The global aquafeed market was valued at USD 68.26 billion in 2024 and is projected to reach USD 105.36 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.50% during the forecast period. Aquafeed, which comprises a variety of ingredients, serves as nutrition for aquatic animals such as fish, crustaceans, and mollusks. Its primary function is to meet their nutritional needs and support normal physiological processes, including maintaining a strong immune system, reproduction, and growth. Due to its limited shelf life, aquafeed requires careful handling to ensure its effectiveness. This specialized feed is made from a blend of fish and plant-based raw materials and is designed to deliver vital nutrients, such as proteins, fats, vitamins, oils, and minerals, necessary for optimal growth and overall health. The composition of aquafeed is tailored to the species and developmental stage of the animals. In addition to reducing stress and improving immunity, aquafeed also enhances disease resistance. Aquafeed is available in various forms, including pellets, flakes, and granules. For instance, according to the U.S. Department of Agriculture, Japan was a leading global consumer of seafood and a major importer of U.S. seafood in 2022. The USDA also reported that China was the world's largest seafood producer in 2022, with a production volume of approximately 67.5 million metric tons.

Key Market Drivers Rising Seafood Consumption

As global demand for seafood increases, the need for aquafeed is expected to rise correspondingly. Seafood is a critical source of nutrition for billions of people worldwide, and aquaculture, the farming of aquatic organisms, is becoming a key supplier. As aquaculture expands, so does the demand for aquafeed, which provides the essential nutrients required for the growth and health of farmed species. The global rise in seafood consumption is driven by factors such as population growth, greater awareness of seafood's health benefits, and shifting dietary preferences, which directly impacts the demand for aquafeed. Furthermore, as wild fish stocks are depleted due to overfishing, aquaculture-and, by extension, aquafeed-plays an increasingly important role in meeting rising seafood demand. Consequently, the growing consumption of seafood is driving a global increase in the aquafeed market, a trend expected to continue as the world seeks to satisfy its seafood demands sustainably.

Key Market Challenges Volatility in Raw Material Costs

The global aquafeed industry faces significant challenges related to the volatility in raw material prices, a factor that can undermine demand. Key ingredients in aquafeed, such as soybean meal, fishmeal, and fish oil, experience substantial price fluctuations driven by environmental factors, supply chain disruptions, and geopolitical events. These fluctuations raise production costs, leading to higher prices for the final product. As aquafeed becomes more expensive, smaller-scale fish farmers may struggle to afford it, potentially reducing production or shifting to cheaper, less nutritious alternatives. The higher costs also translate into increased prices for farmed fish, which could dampen consumer demand. In emerging markets where price sensitivity is greater, these price hikes may severely hinder aquaculture growth, further dampening global demand for aquafeed. An unstable raw material market threatens the profitability and sustainability of the aquafeed industry and affects the broader aquaculture value chain. Thus, managing raw material cost volatility is crucial for stabilizing and boosting global demand for aquafeed.

Key Market Trends Development of High-Quality Aquafeeds

The global aquafeed market is expected to grow significantly, primarily driven by advancements in high-quality feed development. As the demand for seafood continues to rise, supported by the growth of aquaculture, the need for nutritionally balanced feeds becomes critical to ensure the health and growth of farmed aquatic species. High-quality aquafeeds optimize growth rates, enhance immunity, and reduce stock losses, thereby improving overall yield. These aquafeeds are fortified with essential nutrients, bioactive compounds, and probiotics, making them integral to cost-effective and sustainable aquaculture practices. As countries increasingly recognize the importance of aquaculture for food security, investment in research and development of sophisticated aquafeeds is expected to increase, further driving demand. Additionally, the push for environmentally conscious aquaculture practices calls for feeds that minimize waste and nutrient pollution, further promoting the demand for high-quality aquafeeds. Therefore, the development and adoption of these advanced feeds are crucial to meeting the growing global demand for sustainably produced and nutritionally rich seafood.

Key Market Players

• Archer Daniels Midland Company
• Ridley Corporation Limited
• DE Heus Animal Nutrition B.V.
• Biostadt India Limited
• NK Ingredients Pte Ltd.
• Marubeni Nisshin Feed Co., Ltd.
• Cargill, Inc.
• Nutreco N.V.
• Avanti Feeds Ltd.
• Charoen Pokphand Foods Public Company Limited

Report Scope: This report segments the global aquafeed market into several categories, in addition to detailing industry trends as outlined below:

Aquafeed Market, by Ingredient:

• Soybean
• Fish Meal
• Corn
• Fish Oil
• Additives
• Others

Aquafeed Market, by Additives:

• Amino Acids
• Vitamins & Minerals
• Prebiotics & Probiotics
• Enzymes
• Antibiotics
• Others

Aquafeed Market, by Species:

• Fish
• Crustaceans
• Mollusks
• Others

Aquafeed Market, by Form:

• Dry Form
• Wet Form
• Moist Form

Aquafeed Market, by Lifecycle:

• Grower Feed
• Finisher Feed
• Starter Feed
• Brooder Feed

Aquafeed Market, by Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• Turkey
• Egypt

Competitive Landscape Company Profiles: In-depth analysis of major companies operating in the global aquafeed market.

Available Customizations: This report on the global aquafeed market is customizable to suit a company's specific needs. The following customization options are available:

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validations
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends
• 3.6. Voice of Customer

4. Global Aquafeed Market Outlook

• 4.1. Market Size & Forecast
  • 4.1.1. By Value
• 4.2. Market Share & Forecast
  • 4.2.1. By Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, Others)
  • 4.2.2. By Additives (Amino Acids, Vitamins & Minerals, Prebiotics & Probiotics, Enzymes, Antibiotics, Other)
  • 4.2.3. By Species (Fish, Crustaceans, Molluscs, Other)
  • 4.2.4. By Form (Dry Form, Wet Form, Moist Form)
  • 4.2.5. By Lifecycle (Grower feed, Finisher feed, Starter feed, Brooder feed)
  • 4.2.6. By Region
  • 4.2.7. By Company (2024)
• 4.3. Market Map

5. North America Aquafeed Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Ingredient
  • 5.2.2. By Additives
  • 5.2.3. By Species
  • 5.2.4. By Form
  • 5.2.5. By Lifecycle
  • 5.2.6. By Country
• 5.3. North America: Country Analysis
  • 5.3.1. United States Aquafeed Market Outlook
    • 5.3.1.1. Market Size & Forecast
      • 5.3.1.1.1. By Value
    • 5.3.1.2. Market Share & Forecast
      • 5.3.1.2.1. By Ingredient
      • 5.3.1.2.2. By Additives
      • 5.3.1.2.3. By Species
      • 5.3.1.2.4. By Form
      • 5.3.1.2.5. By Lifecycle
  • 5.3.2. Canada Aquafeed Market Outlook
    • 5.3.2.1. Market Size & Forecast
      • 5.3.2.1.1. By Value
    • 5.3.2.2. Market Share & Forecast
      • 5.3.2.2.1. By Ingredient
      • 5.3.2.2.2. By Additives
      • 5.3.2.2.3. By Species
      • 5.3.2.2.4. By Form
      • 5.3.2.2.5. By Lifecycle
  • 5.3.3. Mexico Aquafeed Market Outlook
    • 5.3.3.1. Market Size & Forecast
      • 5.3.3.1.1. By Value
    • 5.3.3.2. Market Share & Forecast
      • 5.3.3.2.1. By Ingredient
      • 5.3.3.2.2. By Additives
      • 5.3.3.2.3. By Species
      • 5.3.3.2.4. By Form
      • 5.3.3.2.5. By Lifecycle

6. Europe Aquafeed Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Ingredient
  • 6.2.2. By Additives
  • 6.2.3. By Species
  • 6.2.4. By Form
  • 6.2.5. By Lifecycle
  • 6.2.6. By Country
• 6.3. Europe: Country Analysis
  • 6.3.1. Germany Aquafeed Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Ingredient
      • 6.3.1.2.2. By Additives
      • 6.3.1.2.3. By Species
      • 6.3.1.2.4. By Form
      • 6.3.1.2.5. By Lifecycle
  • 6.3.2. United Kingdom Aquafeed Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Ingredient
      • 6.3.2.2.2. By Additives
      • 6.3.2.2.3. By Species
      • 6.3.2.2.4. By Form
      • 6.3.2.2.5. By Lifecycle
  • 6.3.3. Italy Aquafeed Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Ingredient
      • 6.3.3.2.2. By Additives
      • 6.3.3.2.3. By Species
      • 6.3.3.2.4. By Form
      • 6.3.3.2.5. By Lifecycle
  • 6.3.4. France Aquafeed Market Outlook
    • 6.3.4.1. Market Size & Forecast
      • 6.3.4.1.1. By Value
    • 6.3.4.2. Market Share & Forecast
      • 6.3.4.2.1. By Ingredient
      • 6.3.4.2.2. By Additives
      • 6.3.4.2.3. By Species
      • 6.3.4.2.4. By Form
      • 6.3.4.2.5. By Lifecycle
  • 6.3.5. Spain Aquafeed Market Outlook
    • 6.3.5.1. Market Size & Forecast
      • 6.3.5.1.1. By Value
    • 6.3.5.2. Market Share & Forecast
      • 6.3.5.2.1. By Ingredient
      • 6.3.5.2.2. By Additives
      • 6.3.5.2.3. By Species
      • 6.3.5.2.4. By Form
      • 6.3.5.2.5. By Lifecycle

7. Asia-Pacific Aquafeed Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Ingredient
  • 7.2.2. By Additives
  • 7.2.3. By Species
  • 7.2.4. By Form
  • 7.2.5. By Lifecycle
  • 7.2.6. By Country
• 7.3. Asia-Pacific: Country Analysis
  • 7.3.1. China Aquafeed Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Ingredient
      • 7.3.1.2.2. By Additives
      • 7.3.1.2.3. By Species
      • 7.3.1.2.4. By Form
      • 7.3.1.2.5. By Lifecycle
  • 7.3.2. India Aquafeed Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Ingredient
      • 7.3.2.2.2. By Additives
      • 7.3.2.2.3. By Species
      • 7.3.2.2.4. By Form
      • 7.3.2.2.5. By Lifecycle
  • 7.3.3. Japan Aquafeed Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Ingredient
      • 7.3.3.2.2. By Additives
      • 7.3.3.2.3. By Species
      • 7.3.3.2.4. By Form
      • 7.3.3.2.5. By Lifecycle
  • 7.3.4. South Korea Aquafeed Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Ingredient
      • 7.3.4.2.2. By Additives
      • 7.3.4.2.3. By Species
      • 7.3.4.2.4. By Form
      • 7.3.4.2.5. By Lifecycle
  • 7.3.5. Australia Aquafeed Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Ingredient
      • 7.3.5.2.2. By Additives
      • 7.3.5.2.3. By Species
      • 7.3.5.2.4. By Form
      • 7.3.5.2.5. By Lifecycle

8. South America Aquafeed Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Ingredient
  • 8.2.2. By Additives
  • 8.2.3. By Species
  • 8.2.4. By Form
  • 8.2.5. By Lifecycle
  • 8.2.6. By Country
• 8.3. South America: Country Analysis
  • 8.3.1. Brazil Aquafeed Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Ingredient
      • 8.3.1.2.2. By Additives
      • 8.3.1.2.3. By Species
      • 8.3.1.2.4. By Form
      • 8.3.1.2.5. By Lifecycle
  • 8.3.2. Argentina Aquafeed Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Ingredient
      • 8.3.2.2.2. By Additives
      • 8.3.2.2.3. By Species
      • 8.3.2.2.4. By Form
      • 8.3.2.2.5. By Lifecycle
  • 8.3.3. Colombia Aquafeed Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Ingredient
      • 8.3.3.2.2. By Additives
      • 8.3.3.2.3. By Species
      • 8.3.3.2.4. By Form
      • 8.3.3.2.5. By Lifecycle

9. Middle East and Africa Aquafeed Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Ingredient
  • 9.2.2. By Additives
  • 9.2.3. By Species
  • 9.2.4. By Form
  • 9.2.5. By Lifecycle
  • 9.2.6. By Country
• 9.3. MEA: Country Analysis
  • 9.3.1. South Africa Aquafeed Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Ingredient
      • 9.3.1.2.2. By Additives
      • 9.3.1.2.3. By Species
      • 9.3.1.2.4. By Form
      • 9.3.1.2.5. By Lifecycle
  • 9.3.2. Saudi Arabia Aquafeed Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Ingredient
      • 9.3.2.2.2. By Additives
      • 9.3.2.2.3. By Species
      • 9.3.2.2.4. By Form
      • 9.3.2.2.5. By Lifecycle
  • 9.3.3. UAE Aquafeed Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Ingredient
      • 9.3.3.2.2. By Additives
      • 9.3.3.2.3. By Species
      • 9.3.3.2.4. By Form
      • 9.3.3.2.5. By Lifecycle

10. Market Dynamics

• 10.1. Drivers
• 10.2. Challenges

11. Market Trends & Developments

• 11.1. Recent Development
• 11.2. Mergers & Acquisitions
• 11.3. Product Launches

12. Global Aquafeed Market: SWOT Analysis

13. Porter's Five Forces Analysis

• 13.1. Competition in the Industry
• 13.2. Potential of New Entrants
• 13.3. Power of Suppliers
• 13.4. Power of Customers
• 13.5. Threat of Substitute Products

14. Competitive Landscape

• 14.1. Archer Daniels Midland Company
  • 14.1.1. Business Overview
  • 14.1.2. Company Snapshot
  • 14.1.3. Products & Services
  • 14.1.4. Financials (As Reported)
  • 14.1.5. Recent Developments
  • 14.1.6. Key Personnel Details
  • 14.1.7. SWOT Analysis
• 14.2. Ridley Corporation Limited
• 14.3. DE Heus Animal Nutrition B.V.
• 14.4. Biostadt India Limited
• 14.5. NK Ingredients Pte Ltd.
• 14.6. Marubeni Nisshin Feed Co., Ltd.
• 14.7. Cargill, Inc
• 14.8. Nutreco N.V
• 14.9. Avanti Feeds Ltd
• 14.10. Charoen Pokphand Foods Public Company Limited

15. Strategic Recommendations

16. About Us & Disclaimer