AQUA FEED INNOVATION INCREASING 20% MORE PRODUCTION
Another major discovery is in the feed supplement for the aqua industry covering shrimp and fish. Microbiology results have been proven and test trails conducted in test Aqua farms have shown an increase of 20% in fish and shrimp production. We need to go ahead to make necessary regulatory approvals and manufacturing and marketing Worldwide.
The global aquafeed market size is projected to grow from USD 47.3 billion in 2019 to USD 71.7 billion by 2025, at a CAGR of 7.2% during the forecast period. Factors such as the growing aquaculture industry and increasing seafood trade are factors projected to drive market growth. However, fluctuations in raw material prices and the growing environmental and human health concerns are projected to hinder the growth of the market.
We have filed PROVISIONAL patent and wish file patent Worldwide and launch marketing and sales globally.