Global Aquafeed Market Size Analysis, 2018-2028
| REPORT ID: BKR629 | Domain: Food & Beverages | Published Date: April 2018 |
Global Aquafeed Market Analysis
Global aquafeed market size is estimated to be valued over USD 61 billion in 2018 and is expected to grow at double digit rate till 2022 before slowing it down to single digit growth. In terms of volume, the industry is set to be near around 39 million tonnes in 2017. The industry is highly fragmented with many active players operational not only in region but also at country level. Much of the aquafeed products demand is met domestically and trade has been flowed at marginal level. As such, industry players need to focus heavily on domestic level and strengthen their marketing channels to penetrate in other regions.
Aqua feed is administered to aquatic species externally in the form of pellets and has a huge demand globally by the aqua culture industry. The expanding aquafeed market is accompanied by a significant growing Pisciculture market opportunities as aquafeed has become necessary to aqua culture industry due to its nutritional, immune resistant, and growth promoting properties. High quality aquafeed is exponentially more beneficial to fish, mollusks, crustaceans & other aquatic animals than farm-made feed due to their balanced and need specific composition.
Global Aquafeed Market Drivers and Challenges
The demand for all kinds of aquaculture products have been significantly increasing. Aquafeed market revenue is expected to be driven by various factors. Some key macroeconomic factors expected to boost the sales of the aquafeed product include increase in marine and terrestrial land growth due to significant breakthroughs in agricultural practices, increasing global population which has increased consumption demand of fish related products and Better arable land.
Importantly, the industry is expected to be further driven by rural population in major part of Asia continent where people rely on fisheries as a means of livelihood. A focus on increased production as it is high in nutrients and also quite affordable along with large sales channel presence could be expected to create market opportunity for industry players. The science of breeding and growing aquatic products in supervised and controlled environment has also gained huge attention and is expected to create huge opportunity for market players. Although, in the long term increasing raw material costs may act as restriction for the market growth as majority of high quality feed is prepared by fish meal and fish oil.
Talking about the end-users, the global aqua feed market trend has been categorized into fishes (carp, salmon, tilapia catfish), mollusks (oysters and mussels) and crustaceans (crab and shrimps). Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, and Binders are used to segment the market for aquafeed based on additives used to prepare it. The demand for amino acids is increasing because of its extensive application in aquafeed additives. Amino acids are the main components of protein and since animals require continuous supply of protein in their diet hence it is considered as essential component of aquafeed.
Global Aquafeed Market Regional Analysis
The global aquafeed market is segmented into North America, Western Europe, Central and Eastern Europe, Asia-Pacific, Latin America, Middle East and Africa. Asia-Pacific is expected to provide lucrative growth opportunities until 2022, owing to considerable increase in aquaculture production and increasing global seafood consumption.
Europe will dominate the market throughout the forecast period. However, will lose significant basis points over the forecast period. In the year 2015, Norway was estimated to value for the highest market share with around one fourth of the total European aquafeed market, due high demand for salmon fish feed.
The Middle East region will hold great potential for aquaculture as most of the big feed manufacturing firms are establishing their aquafeed plants in Egypt owing to the availability of cheap labour and untapped nature of the market which has a great potential for being exploited under first mover’s advantage.
Global Aquafeed Market Competition Scenario
The major stake holders in this aquafeed market scenario include Aquafeed manufacturers, traders, distributors, and suppliers, Feed additive manufacturers, Government and research organization , Associations and industry bodies and Agricultural universities .The demands are catered by major competitors that are fragmented in nature. Private players like Alltech Inc., Aller Aqua, Beneo, Norel Animal Nutrition, Cargill Incorporated, Avanti Feeds Ltd., BioMar A/S, Cermaq ASA, Dibaq Aquaculture, Charoen Pokphand Foods Company Ltd., NK Ingredients Pte Ltd., Nutriad, Nutreco N.V., Tongwei, and Ridley Aqua-Feed have made heavy investment in the aquafeed industry. The most prominent of these companies is Nutreco N.V. which used acquisition and joint venture as key strategies for market growth, whereas AllerAqua A/S expanded into emerging economies for increasing its geographic reach.
Aquafeed Market Size TOC
- Report Structure
- Research Methodology
- Market Engineering Factors Weightage
- Market Share Methodology
- Executive Summary
- Key Findings
- Market Engineering Factors
- Industry Expert Perspectives
- Market Definitions
- The Global Aquafeed Market Value
- Overall Market Forecast
- Aquafeed Growth Outlook, By Segments
- Aquafeed Growth Scenario, by Region
- The Aquafeed Industry Ecosystem
- Parent Market Overview
- Industry Value Chain Analysis
- Growth Factor Analysis
- Key Industry Players By Region
- The Aquafeed Industry Dynamics (Growth Engine for Aquafeed Industry)
- Drivers
- Challenges
- Opportunities
- Mega Trends
- Geographical Trends
- Industry Experts Views
- Merger Acquisition
- Key Industry Developments
- The Aquafeed Market Pricing Analysis
- Aquafeed Tier Down Cost Analysis
- Aquafeed Pricing Forecast
- Aquafeed Pricing Analysis By Region
- Aquafeed Pricing Trends
- Global Aquafeed Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Aquafeed Industry Predictive Analysis
- Aquafeed Industry Segment Comparative Ranking Analysis
- Key Companies Involved and Initiatives
- Global Industry Opportunity Proposition Analysis
- Market Share Analysis, (%)
- Global Aquafeed Market Size and Forecast, (2017-2027)
- Market Value Forecast (US$ Million)
- Growth Analysis (Y-o-Y) and Forecast
- Global Aquafeed Industry Size and Forecast, By Segments
- By Ingredient
- Soyabean
- Corn
- Fish Oil
- Fish Meal
- Additives
- Others
- By End User
- Carp
- Mollusks
- Crustaceans
- Salmons
- Cat Fish
- Tilapia
- Others
- By Product
- Antibiotics
- Amino acids
- Vitamins
- Feed Acidifiers
- Others
- By Ingredient
- North America Aquafeed Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis
- Market Share Analysis, (%)
- North America Aquafeed Industry Size and Forecast, (2017-2027)
- North America Aquafeed Industry Share (%)
- North America Aquafeed Industry Growth Forecast (%)
- S. Aquafeed Market Size and Forecast
- S. Aquafeed Industry Analysis and Forecast, (2017-2027)
- S. Aquafeed Industry Share (%)
- S. Aquafeed Industry Growth Forecast (%)
- Canada Aquafeed Market Size and Forecast
- Canada Aquafeed Industry Analysis and Forecast, (2017-2027)
- Canada Aquafeed Industry Share (%)
- Canada Aquafeed Industry Growth Forecast (%)
- Latin America Aquafeed Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Market Share Analysis, (%)
- Latin America Aquafeed Industry Size and Forecast, (2017-2027)
- Latin America Aquafeed Industry Share (%)
- Latin America Aquafeed Industry Growth Forecast (%)
- Brazil Aquafeed Market Size and Forecast
- Brazil Aquafeed Industry Analysis and Forecast, (2017-2027)
- Brazil Aquafeed Industry Share (%)
- Brazil Aquafeed Industry Growth Forecast (%)
- Argentina Aquafeed Market Size and Forecast
- Argentina Aquafeed Industry Analysis and Forecast, (2017-2027)
- Argentina Aquafeed Industry Share (%)
- Argentina Aquafeed Industry Growth Forecast (%)
- Mexico Aquafeed Market Size and Forecast
- Mexico Aquafeed Industry Analysis and Forecast, (2017-2027)
- Mexico Aquafeed Industry Share (%)
- Mexico Aquafeed Industry Growth Forecast (%)
- Rest of Latin America (South America)
- RLA Aquafeed Industry Analysis and Forecast, (2017-2027)
- Rest of Latin America Aquafeed Industry Share (%)
- Rest of Latin America Aquafeed Industry Growth Forecast (%)
- Western Europe Aquafeed Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Market Share Analysis, (%)
- Western Europe Aquafeed Industry Size and Forecast, (2017-2027)
- Western Europe Aquafeed Industry Share (%)
- Western Europe Aquafeed Industry Growth Forecast (%)
- Germany Aquafeed Market Size and Forecast
- Germany Aquafeed Industry Analysis and Forecast, (2017-2027)
- Germany Aquafeed Industry Share (%)
- Germany Aquafeed Industry Growth Forecast (%)
- UK Aquafeed Market Size and Forecast
- UK Aquafeed Industry Analysis and Forecast, (2017-2027)
- UK Aquafeed Industry Share (%)
- UK Aquafeed Industry Growth Forecast (%)
- France Aquafeed Market Size and Forecast
- France Aquafeed Industry Analysis and Forecast, (2017-2027)
- France Aquafeed Industry Share (%)
- France Aquafeed Industry Growth Forecast (%)
- Spain Aquafeed Market Size and Forecast
- Spain Aquafeed Industry Analysis and Forecast, (2017-2027)
- Spain Aquafeed Industry Share (%)
- Spain Aquafeed Industry Growth Forecast (%)
- Italy Aquafeed Market Size and Forecast
- Italy Aquafeed Industry Analysis and Forecast, (2017-2027)
- Italy Aquafeed Industry Share (%)
- Italy Aquafeed Industry Growth Forecast (%)
- NORDIC Aquafeed Market Size and Forecast
- NORDIC Aquafeed Industry Analysis and Forecast, (2017-2027)
- NORDIC Aquafeed Industry Share (%)
- NORDIC Aquafeed Industry Growth Forecast (%)
- Switzerland Aquafeed Market Size and Forecast
- Switzerland Aquafeed Industry Analysis and Forecast, (2017-2027)
- Switzerland Aquafeed Industry Share (%)
- Switzerland Aquafeed Industry Growth Forecast (%)
- Rest of Western Europe Aquafeed Market Size and Forecast
- Rest of Western Europe Aquafeed Industry Analysis and Forecast, (2017-2027)
- Rest of Western Europe Aquafeed Industry Share (%)
- Rest of Western Europe Aquafeed Industry Growth Forecast (%)
- Central and Eastern Europe (CEE) Aquafeed Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Market Share Analysis, (%)
- CEE Aquafeed Industry Size and Forecast, (2017-2027)
- CEE Aquafeed Industry Share (%)
- CEE Aquafeed Industry Growth Forecast (%)
- Russia Aquafeed Market Size and Forecast
- Russia Aquafeed Industry Analysis and Forecast, (2017-2027)
- Russia Aquafeed Market Industry (%)
- Russia Aquafeed Industry Growth Forecast (%)
- Poland Aquafeed Market Size and Forecast
- Poland Aquafeed Industry Analysis and Forecast, (2017-2027)
- Poland Aquafeed Industry Share (%)
- Poland Aquafeed Industry Growth Forecast (%)
- Ukraine Aquafeed Market Size and Forecast
- Ukraine Aquafeed Industry Analysis and Forecast, (2017-2027)
- Ukraine Aquafeed Industry Share (%)
- Ukraine Aquafeed Industry Growth Forecast (%)
- Rest of CEE Aquafeed Market Size and Forecast
- Rest of CEE Aquafeed Industry Analysis and Forecast, (2017-2027)
- Rest of CEE Aquafeed Industry Share (%)
- Rest of CEE Aquafeed Industry Growth Forecast (%)
- Asia Pacific Aquafeed Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Asia Pacific Countries
- Market Share Analysis, (%)
- Asia Pacific Aquafeed Industry Size and Forecast, (2017-2027)
- Asia Pacific Aquafeed Industry Share (%)
- Asia Pacific Aquafeed Industry Growth Forecast (%)
- Japan Aquafeed Market Size and Forecast
- Japan Aquafeed Industry Analysis and Forecast, (2017-2027)
- Japan Aquafeed Industry Share (%)
- Japan Aquafeed Industry Growth Forecast (%)
- China Aquafeed Market Size and Forecast
- China Aquafeed Industry Analysis and Forecast, (2017-2027)
- China Aquafeed Market Share (%)
- China Aquafeed Industry Growth Forecast (%)
- India Aquafeed Market Size and Forecast
- India Aquafeed Industry Analysis and Forecast, (2017-2027)
- India Aquafeed Industry Share (%)
- India Aquafeed Industry Growth Forecast (%)
- South Korea Aquafeed Market Size and Forecast
- South Korea Aquafeed Industry Analysis and Forecast, (2017-2027)
- South Korea Aquafeed Industry Share (%)
- South Korea Aquafeed Industry Growth Forecast (%)
- Australia Aquafeed Market Size and Forecast
- Australia Aquafeed Industry Analysis and Forecast, (2017-2027)
- Australia Aquafeed Industry Share (%)
- Australia Aquafeed Industry Growth Forecast (%)
- ASEAN Aquafeed Market Size and Forecast
- ASEAN Aquafeed Industry Analysis Size and Forecast, (2017-2027)
- ASEAN Aquafeed Industry Share (%)
- ASEAN Aquafeed Industry Growth Forecast (%)
- Rest of Asia Pacific Aquafeed Market Size and Forecast
- Rest of Asia Pacific Aquafeed Industry Analysis and Forecast, (2017-2027)
- Rest of Asia Pacific Aquafeed Industry Share (%)
- Rest of Asia Pacific Aquafeed Industry Growth Forecast (%)
- Middle East Aquafeed Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Middle East Countries
- Market Share Analysis, (%)
- Middle East Aquafeed Industry Size and Forecast, (2017-2027)
- Middle East Aquafeed Industry Share (%)
- Middle East Aquafeed Industry Growth Forecast (%)
- GCC Aquafeed Market Size and Forecast
- GCC Aquafeed Industry Analysis and Forecast, (2017-2027)
- GCC Aquafeed Industry Share (%)
- GCC Aquafeed Industry Growth Forecast (%)
- Israel Aquafeed Market Size and Forecast
- Israel Aquafeed Industry Analysis and Forecast, (2017-2027)
- Israel Aquafeed Industry Share (%)
- Israel Aquafeed Industry Growth Forecast (%)
- Rest of Middle East Aquafeed Market Size and Forecast
- Rest of Middle East Aquafeed Industry Analysis and Forecast, (2017-2027)
- Rest of Middle East Aquafeed Industry Share (%)
- Rest of Middle East Aquafeed Industry Growth Forecast (%)
- Africa Aquafeed Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Africa Countries
- Market Share Analysis, (%)
- Africa Aquafeed Industry Size and Forecast, (2017-2027)
- Africa Aquafeed Industry Share (%)
- Africa Aquafeed Industry Growth Forecast (%)
- South Africa Aquafeed Market Size and Forecast
- South Africa Aquafeed Industry Analysis and Forecast, (2017-2027)
- South Africa Aquafeed Market Share (%)
- South Africa Aquafeed Industry Growth Forecast (%)
- Algeria Aquafeed Market Size and Forecast
- Algeria Aquafeed Industry Analysis and Forecast, (2017-2027)
- Algeria Aquafeed Market Share (%)
- Algeria Aquafeed Industry Growth Forecast (%)
- Nigeria Aquafeed Market Size and Forecast
- Nigeria Aquafeed Industry Analysis and Forecast, (2017-2027)
- Nigeria Aquafeed Market Share (%)
- Nigeria Aquafeed Industry Growth Forecast (%)
- Aquafeed Market Competitive Landscape
- Competition Dashboard
- Funding and Investment
- Company Market Positioning
- Marketing Mix Strategies
- Product Level Strategies
- Go-to-Market Strategies
- SWOT Analysis
- Key Developments, By Companies
- Company Profiles*
- Archer Daniels Midland Company
- Biomar
- Biomin Holding GmbH
- Norel Animal Nutrition
- Dibaq A.S
- DE Heus Animal Nutrition
- Ridley Corporation Limited
- Nutreco N.V
- Avanti Feeds Limited
- Cargill
- Purina Animal Nutrition (Land O’ Lakes Inc.)
- Biostadt India Limited
- Nutriad
- Aller Aqua A/S
- Analyst Opinion
- Summary and Conclusion
- For more Information, Bekryl can help
*(SWOT, Key Developments, and Strategies are based on individual companies)
To access the detailed Aquafeed industry TOC and sample research pages, download sample.
What Will You Discover in the Report?
- An in-depth analysis of the Aquafeed market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Aquafeed market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Aquafeed market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Aquafeed industry during the forecast period
- Who are the Aquafeed industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Aquafeed Industry Suppliers
- Aquafeed Industry Manufacturers
- Consultants and Analysts
- Researchers
Analyst access with Bekryl Market Analysts
Purchasing of Aquafeed market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.
Aquafeed Market Report Structure
Aquafeed Industry Dynamics
This section enables Aquafeed industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Aquafeed market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Aquafeed industry trends and keep industry leaders abreast of latest happenings.
This section includes:
- Market Drivers
- Market Challenges
- Aquafeed Industry Trends
- Aquafeed Value Chain Analysis
- Marketing Opportunities
- Regulatory Aspects
- Aquafeed Industry Experts Market Opinion
Industry Analysis, By Aquafeed Segments
Industry stakeholders receive detailed analysis of the Aquafeed industry trends. Anticipate key market trends across market segments with Bekryl Market Analysts analysis model.
Each segment has research framework, essential to understand the market scenario in near future.
Each segment includes:
- Market Size and Forecast
- Annual Growth Rate Analysis (AGR)
- Key Trends, By segments
- Key Industry Developments
- Investment Proposition Analysis
- Potential Addressable Market Analysis
- Growth Factor, By Segment Analysis
Competition Landscape
Keep abreast of key strategies of industry leaders and regional Aquafeed industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.
This section include:
- Competition dashboard
- SWOT Analysis by Companies
- Go-to-market sales strategy
- Financial performances subject to listed companies
- Market Share Analysis
- Analyst Recommendation
Aquafeed Market Analysis, By Region
Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Aquafeed market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.
This section include:
- Market Size by Country and Region
- Market Opportunity, By Country and Region
- Regional Trends
- Growth Analysis and Forecast
Country Profiles
North America Aquafeed Market Size
- S. Aquafeed Industry Analysis
- Canada Aquafeed Industry Analysis
Latin America Aquafeed Market Size
- Brazil Aquafeed Industry Analysis
- Mexico Aquafeed Industry Analysis
- Argentina Aquafeed Industry Analysis
- Rest of Latin America Aquafeed Industry Analysis
Western Europe Aquafeed Market Size
- Germany Aquafeed Industry Size
- UK Aquafeed Industry Analysis
- France Aquafeed Industry Analysis
- Switzerland Aquafeed Industry Analysis
- Spain Aquafeed Industry Analysis
- Italy Aquafeed Industry Analysis
- NORDIC Aquafeed Industry Analysis
- Rest of Western Europe Aquafeed Industry Analysis
Central and Eastern Europe Aquafeed Industry Analysis
- Russia Aquafeed Industry Analysis
- Poland Aquafeed Industry Analysis
- Ukraine Aquafeed Industry Analysis
- Rest of Eastern Europe Aquafeed Industry Analysis
Asia Pacific Aquafeed Industry Size
- China Aquafeed Industry Analysis
- India Aquafeed Industry Analysis
- Japan Aquafeed Industry Analysis
- Australia Aquafeed Industry Analysis
- South Korea Aquafeed Industry Analysis
- ASEAN Aquafeed Industry Analysis
- Rest of Asia Pacific Acid Proof Industry Analysis
Middle East Aquafeed Industry Size
- GCC Aquafeed Industry Analysis
- Israel Aquafeed Industry Analysis
- Rest of Middle East Aquafeed Industry Analysis
Africa Aquafeed Industry Size
- South Africa Aquafeed Industry Analysis
- Algeria Aquafeed Industry Analysis
- Nigeria Aquafeed Industry Analysis
- Rest of Africa Aquafeed Industry Analysis
Aquafeed Market Research Methodology
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
Aquafeed Market Growth Forecasting Methodology
In order to prepare historical data and analyze Aquafeed market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Aquafeed market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Aquafeed industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.
The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries. Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Aquafeed industry growth is nearly 3.5X to 5.5X higher than the relative GDP.
Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Base Factors Growth Analysis
- Price Variation Analysis
- Supply Chain Analysis
- Potential Consumer Mapping
Aquafeed Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
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