KSA Aquaculture Feed Market Forecast to 2029 | Sample Report Ken Research

The KSA Aquaculture Feed Market Forecast to 2029 covers demand trends across fish, shrimp, and mollusk feed. Ken Research highlights growth driven by PPP initiatives, vertical integration, and precision nutrition technologies. With scenarios including recirculating aquaculture systems and regional trade expansion, this report provides robust forecasts and investment opportunities for stakeholders in aquafeed production. Full forecast here: https://www.kenresearch.com/industry-reports/ksa-aquaculture-feed-market?utm_source=micro-blog&utm_medium=Referral&utm_campaign=Krishi

1. KSA Aquaculture Feed Market
Outlook To 2029
Blue Growth Fuels Saudi Waters
April 2025
Author: Shashank, Rhythm   |   Vertical: Agriculture and Animal Care   |   Region: Middle
East
Shaped by Government Initiatives and Subsidies, Rising Domestic Seafood Demand, Technological Advancements
in Feed Formulation.

2. Table of Contents
1. Executive Summary
2. Market Overview
3. Market Segmentation of Ksa Aquaculture Feed, 2025
4. Industry Analysis
1
1.1 Executive Summary of Ksa Aquaculture Feed Market
2
2.1 Market Size and Forecast
2.1.1 Historical Market Volume (2019–2023)
2.1.2 Historical Market Revenue (2019–2023)
2.1.3 Forecast Market Volume and Revenue (2024–2029)
2.1.4 Five-Year CAGR Analysis (2024–2029)
2.2 Market Dynamics
2.2.1 Key Growth Drivers
2.2.2 Market Restraints
2.2.3 Impact of COVID-19 and Recovery Outlook
3
3.1 Segmentation by Species Type: (Fish feed, Shrimp feed, Mollusk & other crustacean feed)
3.2 Segmentation by Feed Form: (Pellet feed, Extruded feed, Other forms)
3.3 Segmentation by Ingredient Source: (Fish-meal–based, Plant-based, Blended, Others)
3.4 Segmentation by Feed Stage: (Starter, Grower, Finisher, Others)
3.5 Segmentation by Distribution Channel: (Direct sales, Distributors/dealers, Online, Others)
4
4.1 Growth Value Drivers
4.1.1 Government Initiatives and Subsidies
4.1.2 Rising Domestic Seafood Demand
4.1.3 Technological Advancements in Feed Formulation
4.1.4 Vertical Integration of Aquaculture Operations
4.2 Industry Challenges
4.2.1 Volatility in Raw Material Prices
4.2.2 Environmental and Sustainability Concerns
4.2.3 High Energy and Water Costs
4.2.4 Stringent Quality and Safety Regulations
4.3 Opportunities
4.3.1 Alternative Protein Sources (Insect, Algae)
4.3.2 Expansion of Aquaponics and Integrated Farming
4.3.3 Export Potential to GCC and North Africa

3. 5. Value Chain and Industry Taxonomy
6. Regulatory Framework
7. Competitive Landscape of the Ksa Aquaculture Feed
8. Future Market Segmentation of Ksa Aquaculture Feed, 2030
9. Analyst Recommendations
4.3.4 Private-Public Partnerships in R&D
4.4 Emerging Trends
4.4.1 Precision Nutrition and Feed Additive Technologies
4.4.2 Biofloc and Probiotic Feed Supplements
4.4.3 Digital Feed Monitoring and IoT Integration
4.4.4 Circular Economy and Waste-to-Feed Initiatives
5
5.1 Raw Material Suppliers (Oilseeds, Fishmeal, By-products)
5.2 Feed Manufactures and Processors
5.3 Distributors and Logistics Providers
5.4 Aquaculture Farms (Shrimp, Finfish, Mollusks)
5.5 Retailers and Export Channels
5.6 Support Services (R&D, Quality Testing, Consultancy)
6
6.1 Saudi Food and Drug Authority (SFDA) Guidelines
6.2 Ministry of Environment, Water & Agriculture Regulations
6.3 Environmental Protection and Waste-Discharge Norms
6.4 International Standards (FAO, EU, Codex Alimentarius)
6.5 Labeling, Traceability and Quality Certification Requirements
7
7.1 Major Companies Covered: (Cargill, Nutreco (Skretting), Alltech Coppens, BioMar, Archer Daniels Midland (ADM), and
Others)
7.2 Operational Parameters: (Company, Headquarter, Market Share (%), Annual Revenue (USD Mn), Growth Momentum
(%), Production Capacity (Kt p.a.), and Others)
7.3 Financial Parameters: Market Shares, Revenues, and Profit Margins
8
8.1 Segmentation by Species Type: (Fish feed, Shrimp feed, Mollusk & other crustacean feed)
8.2 Segmentation by Feed Form: (Pellet feed, Extruded feed, Other forms)
8.3 Segmentation by Ingredient Source: (Fish-meal–based, Plant-based, Blended, Others)
8.4 Segmentation by Feed Stage: (Starter, Grower, Finisher, Others)
8.5 Segmentation by Distribution Channel: (Direct sales, Distributors/dealers, Online, Others)
9

4. 10. Research Methodology
11. Disclaimer
12. Contact Us
9.1 Market Entry and Expansion Strategies
9.2 TAM-SAM-SOM Analysis
9.3 Strategic Partnerships and Alliances
9.4 R&D and Innovation Roadmap
9.5 Pricing and Value-Based Selling Approaches
10
10.1 Data Collection Sources (Primary Interviews, Secondary Databases)
10.2 Market Sizing and Forecasting Techniques
10.3 Validation and Triangulation Methods
10.4 Assumptions and Limitations
11
12

5. 01
Executive Summary

6. Executive Summary
E<>x<>h<>i<>b<>i<>t<> <>1<>.<>1
T<>a<>x<>o<>n<>o<>m<>y<> <>&<> <>M<>a<>r<>k<>e<>t<> <>S<>i<>z<>e<> <>o<>f<> <>K<>s<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<>
Ksa Aquaculture Feed Market
(USD XX Mn)
By Species Type By Feed Form
Fish feed
XX%
Fish feed
dominates with
diverse species-
specific
formulations.
Tilapia feed
(XX%)
Sea bream feed
(XX%)
Catfish feed
(XX%)
Shrimp feed
XX%
Shrimp feed
grows fastest,
driven by
whiteleg and
black tiger
shrimp.
Whiteleg
shrimp feed
(XX%)
Black tiger
shrimp feed
(XX%)
Mollusk & other
crustacean feed
XX%
Mollusk feed
supports oyster,
mussel, crab, and
crayfish growth.
Oyster &
mussel feed
(XX%)
Crab & crayfish
feed
(XX%)
Pellet feed
XX%
Pellet feed leads
with floating and
sinking options.
Floating pellets
(XX%)
Sinking pellets
(XX%)
Extruded feed
XX%
Extruded feed
grows rapidly
with high and
low-temperature
options.
High-
temperature
extruded
(XX%)
Low-
temperature
vacuum-
extruded
(XX%)
Other forms
XX%
Other forms
include mash
and flakes for
varied feeding
needs.
Mash
(XX%)
Flakes
(XX%)
By Ingredient Source Fish-meal–based Plant-based Blended Others
By Feed Stage Starter Grower Finisher Others
By Distribution Channel Direct sales Distributors/dealers Online Others
Source: Ken Research Analysis
Note 1: Exhibits are illustrative; detailed numbers appear in the full report.
Note 2: XX% denotes CAGR.
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

7. 02
Ksa Aquaculture Feed
Market Outlook

8. K<>s<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>Fe<>e<>d<> <>M<>a<>r<>k<>e<>t<> <>O<>u<>t<>l<>o<>o<>k<>
Ks<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<> <>S<>c<>e<>n<>a<>r<>i<>o
S<>a<>u<>d<>i<> <>A<>ra<>b<>i<>a<>’<>s<> <>a<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>fe<>e<>d<> <>m<>a<>r<>k<>e<>t<> <>i<>s<> <>evo<>l<>v<>i<>n<>g<> <>a<>m<>i<>d<> <>i<>n<>c<>r<>e<>a<>s<>e<>d<> <>g<>ove<>r<>n<>m<>e<>n<>t<> <>s<>u<>p<>p<>o<>r<>t<> <>fo<>r<> <>fo<>o<>d<> <>s<>e<>c<>u<>r<>i<>t<>y<> <>a<>n<>d<> <>a<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e
p<>r<>o<>j<>e<>c<>t<>s<>.<> <>T<>h<>e<> <>s<>e<>c<>to<>r<> <>i<>s<> <>s<>h<>i<>f<>t<>i<>n<>g<> <>tow<>a<>r<>d<>s<> s<>u<>s<>t<>a<>i<>n<>a<>b<>l<>e,<> <>h<>i<>g<>h<>-<>p<>r<>o<>t<>e<>i<>n<> <>fo<>r<>m<>u<>l<>a<>t<>i<>o<>n<>s,<> <>d<>r<>i<>ve<>n<> <>b<>y<> <>r<>i<>s<>i<>n<>g<> <>f<>i<>s<>h<> <>c<>o<>n<>s<>u<>m<>p<>t<>i<>o<>n<> <>a<>n<>d
te<>c<>h<>n<>o<>l<>o<>g<>y<>-<>l<>e<>d<> <>fe<>e<>d<> <>o<>p<>t<>i<>m<>i<>z<>a<>t<>i<>o<>n<>.<> <>K<>e<>y<> <>v<>a<>l<>u<>e<> <>d<>r<>i<>ve<>rs<> <>i<>n<>c<>l<>u<>d<>e<> <>p<>u<>b<>l<>i<>c<>-<>p<>r<>i<>v<>a<>te<> <>i<>n<>ve<>s<>t<>m<>e<>n<>t<>s<>,<> <>a<>d<>o<>p<>t<>i<>o<>n<> <>o<>f<> <>p<>r<>e<>c<>i<>s<>i<>o<>n<> <>n<>u<>t<>r<>i<>t<>i<>o<>n
a<>n<>d<> <>b<>i<>o<>te<>c<>h<> <>e<>n<>h<>a<>n<>c<>e<>m<>e<>n<>t<>s<>,<> <>a<>s<> <>we<>l<>l<> <>a<>s<> r<>e<>g<>i<>o<>n<>a<>l<> <>t<>r<>a<>d<>e<> <>l<>i<>b<>e<>r<>a<>l<>i<>z<>a<>t<>i<>o<>n.<> <>O<>ve<>r<> <>t<>h<>e<> <>n<>ex<>t<> <>f<>i<>ve<> <>ye<>a<>rs<>,<> <>c<>a<>t<>a<>l<>y<>s<>t<>s<> <>s<>u<>c<>h<> <>a<>s<> <>r<>e<>s<>e<>a<>r<>c<>h
p<>a<>r<>t<>n<>e<>rs<>h<>i<>p<>s<>,<> <>ve<>r<>t<>i<>c<>a<>l<> <>i<>n<>te<>g<>ra<>t<>i<>o<>n<>,<> <>c<>i<>r<>c<>u<>l<>a<>r<> <>e<>c<>o<>n<>o<>my<> <>i<>n<>i<>t<>i<>a<>t<>i<>ve<>s<> <>a<>n<>d<> <>i<>n<>n<>ov<>a<>t<>i<>ve<> <>te<>c<>h<>n<>o<>l<>o<>g<>i<>e<>s<> <>w<>i<>l<>l<> <>a<>c<>c<>e<>l<>e<>ra<>te<> <>g<>r<>ow<>t<>h<>.
P<>r<>o<>b<>a<>b<>l<>e<> <>s<>c<>e<>n<>a<>r<>i<>o<>s<> <>i<>n<>c<>l<>u<>d<>e<> <>t<>h<>e<> <>e<>m<>e<>rg<>e<>n<>c<>e<> <>o<>f<> <>l<>o<>c<>a<>l<>l<>y<> <>p<>r<>o<>d<>u<>c<>e<>d<> <>f<>u<>n<>c<>t<>i<>o<>n<>a<>l<> <>fe<>e<>d<>s<>,<> <>ex<>p<>a<>n<>s<>i<>o<>n<> <>o<>f<> <>r<>e<>c<>i<>r<>c<>u<>l<>a<>t<>i<>n<>g<> <>a<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e
sy<>s<>te<>m<>s<>,<> <>a<>n<>d<> <>s<>t<>ra<>te<>g<>i<>c<> <>a<>l<>l<>i<>a<>n<>c<>e<>s<> <>t<>h<>a<>t<> <>e<>n<>h<>a<>n<>c<>e<> s<>u<>p<>p<>l<>y<> <>c<>h<>a<>i<>n<> <>r<>e<>s<>i<>l<>i<>e<>n<>c<>e<> <>a<>n<>d<> <>e<>n<>v<>i<>r<>o<>n<>m<>e<>n<>t<>a<>l<> <>c<>o<>m<>p<>l<>i<>a<>n<>c<>e.<>
E<>x<>h<>i<>b<>i<>t<> <>2<>.<>1
I<>l<>l<>u<>s<>t<>r<>a<>t<>i<>v<>e<> <>K<>s<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<> <>O<>v<>e<>r<>v<>i<>e<>w<>
X<>X<>%
X<>X<>%
X<>X<>%
X<>X<>%
X<>X<>%
X<>X<>%
X<>X<>%
X<>X<>%
X<>X<>%
X<>X<>%
X<>X<>%
X<>X<>%
2<>0<>2<>5 2<>0<>3<>0
B<>y<> <>S<>p<>e<>c<>i<>e<>s<> <>T<>y<>p<>eF<>i<>s<>h<> <>f<>e<>e<>dS<>h<>r<>i<>m<>p<> <>f<>e<>e<>dM<>o<>l<>l<>u<>s<>k<> <>&<> <>o<>t<>h<>e<>r<> <>c<>r<>u<>s<>t<>a<>c<>e<>a<>n<> <>f<>e<>e<>d
B<>y<> <>F<>e<>e<>d<> <>F<>o<>r<>mP<>e<>l<>l<>e<>t<> <>f<>e<>e<>dE<>x<>t<>r<>u<>d<>e<>d<> <>f<>e<>e<>dO<>t<>h<>e<>r<> <>f<>o<>r<>m<>s
S<>o<>u<>r<>c<>e<>: <>K<>e<>n<> <>R<>e<>s<>e<>a<>r<>c<>h<> <>A<>n<>a<>l<>y<>s<>i<>s<>
N<>o<>te<> <>1<>: <>T<>h<>e<> <>e<>x<>h<>i<>b<>i<>t<> <>s<>e<>r<>v<>e<>s<> <>a<>s<> <>a<>n<> <>i<>l<>l<>u<>s<>t<>r<>a<>t<>i<>o<>n<>,<> <>w<>i<>t<>h<> <>n<>u<>m<>b<>e<>r<>s<> <>c<>u<>r<>r<>e<>n<>t<>l<>y<> <>m<>a<>s<>k<>e<>d<>.<> <>T<>h<>e<> <>d<>e<>t<>a<>i<>l<>e<>d<> <>s<>t<>a<>t<>i<>s<>t<>i<>c<>s<> <>w<>i<>l<>l<> <>b<>e<> <>i<>n<>c<>l<>u<>d<>e<>d<> <>i<>n<> <>t<>h<>e<> <>f<>i<>n<>a<>l<> <>r<>e<>p<>o<>r<>t<>.<>
N<>o<>te<> <>2<>: <>A<>l<>l<> <>r<>e<>v<>e<>n<>u<>e<> <>a<>n<>d<> <>f<>i<>n<>a<>n<>c<>i<>a<>l<> <>n<>u<>m<>b<>e<>r<>s<> <>a<>r<>e<> <>f<>o<>r<> <>c<>u<>r<>r<>e<>n<>t<> <>y<>e<>a<>r<> <>a<>n<>d<> <>f<>i<>n<>a<>n<>c<>i<>a<>l<> <>y<>e<>a<>r<>,<> <>i<>.<>e<>.<>,<> <>2<>0<>2<>5<> <>&<> <>2<>0<>3<>0<>.<>
N<>o<>te<> <>3<>: <>X<>X<>%<> <>i<>n<> <>t<>h<>e<> <>a<>b<>o<>v<>e<> <>e<>x<>h<>i<>b<>i<>t<> <>d<>e<>n<>o<>t<>e<>s<> <>m<>a<>r<>k<>e<>t<> <>s<>i<>z<>e<>.<>
C<>A<>G<>R<>:<> <>X<>X<>%
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

9. 03
Market Segmentation of
Ksa Aquaculture Feed
Market

10. Market Segmentation of Ksa Aquaculture Feed Market
Ksa Aquaculture Feed Market Segmentation
The KSA Aquaculture Feed Market Outlook to 2029 is segmented by Species Type, Feed Form, Ingredient Source, Feed Stage and
Distribution Channel. Among Species Type, Fish feed leads (Tilapia feed XX%), while Shrimp feed (Whiteleg shrimp feed XX%) posts
highest growth on rising exports. In Feed Form, Pellet feed, notably Floating pellets (XX%), dominates, aided by Low-temperature
vacuum-extruded feeds (XX%). Plant-based blends under Ingredient Source gain traction for sustainability. Starter and Grower
stages account for sizeable revenue, and Online channel exhibits rapid expansion. Recent developments include new Blended
premixes and strategic alliances with Distributors/dealers to strengthen regional supply chains.
E<>x<>h<>i<>b<>i<>t<> <>3<>.<>1
I<>l<>l<>u<>s<>t<>r<>a<>t<>i<>v<>e<> <>M<>a<>r<>k<>e<>t<> <>S<>e<>g<>m<>e<>n<>t<>a<>t<>i<>o<>n<> <>o<>f<> <>K<>s<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<>
Mollusk & other
crustacean feed
XX%
Shrimp feed
XX%
Fish feed
XX%
Catfish feed
(XX%)
Sea bream feed
(XX%)
Tilapia feed
(XX%)
Other forms
XX%
Pellet feed
XX%
Extruded feed
(XX%)
Sinking pellets
(XX%)
Floating pellets
(XX%)
Blended
XX%
Plant-based
XX%
Fish-meal–based
XX%
Finisher
XX%
Grower
XX%
Starter
XX%
Online
XX%
Distributors/
dealers
XX%
Direct sales
XX%
By Species Type Fish feed By Feed Form Pellet feed By Ingredient
Source
By Feed Stage By Distribution
Channel
Key Takeaways:
Source: Ken Research Analysis
Note 1: This exhibit serves as a visual representation. The final chart will include additional segments along with detailed statistics
in the final report.
Note 2: All revenue and financial numbers are for the current year.
Note 3: "XX%" in the above exhibit denotes market shares.
Fish feed leads the market with significant share.
Shrimp feed shows the highest growth due to rising exports.
Pellet feed, especially floating pellets, dominates the feed form segment.
Online distribution channel is rapidly expanding.
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

11. 04
Overview And Genesis Of
The Ksa Aquaculture
Feed Market

12. O<>v<>e<>r<>v<>i<>e<>w<> <>A<>n<>d<> <>G<>en<>e<>s<>i<>s<> <>O<>f<> <>T<>h<>e<> <>K<>s<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>Fe<>e<>d<> <>M<>a<>r<>k<>e<>t<>
Ks<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<> <>E<>c<>o<>sy<>s<>t<>e<>m
B<>y<> <>2<>0<>2<>9,<> <>t<>h<>e<> <>K<>S<>A<> <>a<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>fe<>e<>d<> <>e<>c<>o<>sy<>s<>te<>m<> <>s<>p<>a<>n<>s<> <>l<>a<>rg<>e<> <>m<>u<>l<>t<>i<>n<>a<>t<>i<>o<>n<>a<>l<>s<>,<> <>m<>i<>d<>-<>t<>i<>e<>r<> <>r<>e<>g<>i<>o<>n<>a<>l<> <>p<>r<>o<>c<>e<>s<>s<>o<>rs<>,<> <>a<>n<>d<> <>s<>m<>a<>l<>l<> <>l<>o<>c<>a<>l
m<>i<>l<>l<>s<>.<> <>L<>a<>rg<>e<> <>f<>i<>r<>m<>s<> <>i<>n<>te<>g<>ra<>te<> <>s<>u<>p<>p<>l<>y<> <>c<>h<>a<>i<>n<>s<>,<> <>l<>eve<>ra<>g<>e<> <>g<>l<>o<>b<>a<>l<> <>s<>u<>p<>p<>l<>i<>e<>rs<>,<> <>i<>n<>ve<>s<>t<> <>i<>n<> <>R<>&<>D<>,<> <>a<>n<>d<> <>d<>i<>s<>t<>r<>i<>b<>u<>te<> <>s<>t<>a<>n<>d<>a<>r<>d<>i<>z<>e<>d<> <>fe<>e<>d<>s<> <>to
i<>n<>d<>u<>s<>t<>r<>i<>a<>l<> <>f<>a<>r<>m<>s<>,<> <>e<>a<>r<>n<>i<>n<>g<> <>b<>u<>l<>k<>-<>s<>a<>l<>e<> <>r<>eve<>n<>u<>e<>s<>.<> <>M<>e<>d<>i<>u<>m<> <>e<>n<>te<>r<>p<>r<>i<>s<>e<>s<> <>p<>a<>r<>t<>n<>e<>r<> <>w<>i<>t<>h<> <>h<>a<>tc<>h<>e<>r<>i<>e<>s<>,<> <>d<>eve<>l<>o<>p<> <>o<>p<>t<>i<>m<>i<>z<>e<>d
fo<>r<>m<>u<>l<>a<>t<>i<>o<>n<>s<>,<> <>a<>n<>d<> <>s<>e<>l<>l<> <>r<>e<>g<>i<>o<>n<>a<>l<>l<>y<> <>v<>i<>a<> <>B<>2<>B<> <>c<>h<>a<>n<>n<>e<>l<>s<> <>w<>i<>t<>h<> <>t<>a<>i<>l<>o<>r<>e<>d<> <>s<>u<>p<>p<>o<>r<>t<>.<> <>S<>m<>a<>l<>l<> <>m<>i<>l<>l<>s<> <>s<>o<>u<>r<>c<>e<> <>d<>o<>m<>e<>s<>t<>i<>c<> <>i<>n<>g<>r<>e<>d<>i<>e<>n<>t<>s<>,<> <>r<>u<>n<> <>l<>ow<>-
c<>a<>p<>ex<> <>f<>a<>c<>i<>l<>i<>t<>i<>e<>s<>,<> <>a<>n<>d<> <>fo<>rg<>e<> <>d<>i<>r<>e<>c<>t<> <>f<>a<>r<>m<> <>r<>e<>l<>a<>t<>i<>o<>n<>s<>h<>i<>p<>s<> <>fo<>r<> <>c<>o<>s<>t<>-<>e<>f<>f<>i<>c<>i<>e<>n<>t<> <>p<>r<>o<>d<>u<>c<>t<>i<>o<>n<>.<> <>E<>a<>c<>h<> <>s<>e<>g<>m<>e<>n<>t<>’<>s<> <>b<>u<>s<>i<>n<>e<>s<>s<> <>m<>o<>d<>e<>l<> <>c<>a<>n<>v<>a<>s
d<>i<>ve<>rg<>e<>s<> <>i<>n<> <>k<>e<>y<> <>p<>a<>r<>t<>n<>e<>rs<> <>(<>g<>l<>o<>b<>a<>l<> <>vs<>.<> <>l<>o<>c<>a<>l<>)<>,<> <>a<>c<>t<>i<>v<>i<>t<>i<>e<>s<> <>(<>R<>&<>D<> <>vs<>.<> <>m<>i<>l<>l<>i<>n<>g<>)<>,<> <>v<>a<>l<>u<>e<> <>p<>r<>o<>p<>o<>s<>i<>t<>i<>o<>n<>s<> <>(<>q<>u<>a<>l<>i<>t<>y<> <>vs<>.<> <>a<>f<>fo<>r<>d<>a<>b<>i<>l<>i<>t<>y<>)<>,
c<>h<>a<>n<>n<>e<>l<>s<>,<> <>c<>u<>s<>to<>m<>e<>r<> <>s<>e<>g<>m<>e<>n<>t<>s<>,<> <>a<>n<>d<> <>r<>eve<>n<>u<>e<> <>s<>t<>r<>e<>a<>m<>s<> <>(<>vo<>l<>u<>m<>e<> <>c<>o<>n<>t<>ra<>c<>t<>s<> <>vs<>.<> <>s<>p<>o<>t<> <>s<>a<>l<>e<>s<>)<>.<>
E<>x<>h<>i<>b<>i<>t<> <>4<>.<>1
I<>l<>l<>u<>s<>t<>r<>a<>t<>i<>v<>e<> <>E<>c<>o<>s<>y<>s<>t<>e<>m<> <>o<>f<> <>K<>s<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<>
E<>n<>t<>i<>t<>y<> <>t<>y<>p<>e<> R<>eve<>n<>u<>e<> <>S<>t<>r<>e<>a<>m<>s<> P<>l<>a<>ye<>rs<>
F<>e<>e<>d<> <>M<>a<>n<>u<>f<>a<>c<>t<>u<>r<>e<>rs<>
C<>a<>r<>g<>i<>l<>l<> <>A<>q<>u<>a<> <>N<>u<>t<>r<>i<>t<>i<>o<>n
N<>u<>t<>r<>e<>c<>o<> <>(<>S<>k<>r<>e<>t<>t<>i<>n<>g<>,
T<>r<>o<>u<>w<> <>N<>u<>t<>r<>i<>t<>i<>o<>n<>)
B<>i<>o<>M<>a<>r
A<>l<>l<>t<>e<>c<>h
R<>aw<> <>M<>a<>t<>e<>r<>i<>a<>l<> <>S<>u<>p<>p<>l<>i<>e<>rs<>
O<>m<>e<>g<>a<> <>P<>r<>o<>t<>e<>i<>n
B<>i<>o<>r<>i<>g<>i<>n
K<>e<>m<>i<>n
D<>S<>M
D<>i<>s<>t<>r<>i<>b<>u<>t<>o<>rs<> <>&<> <>T<>r<>a<>d<>e<>rs<>
A<>r<>a<>b<>i<>a<>n<> <>F<>e<>e<>d<> <>M<>i<>l<>l<>s
S<>a<>u<>d<>i<> <>N<>a<>t<>i<>o<>n<>a<>l<> <>F<>e<>e<>d<>s
&<> <>F<>l<>o<>u<>r<> <>M<>i<>l<>l<>s
A<>l<>-<>J<>a<>z<>e<>e<>r<>a<> <>T<>r<>a<>d<>i<>n<>g
S<>A<>D<>A<>C<> <>T<>r<>a<>d<>i<>n<>g
C<>o<>m<>p<>a<>n<>y
C<>o<>n<>t<>r<>a<>c<>t<> <>M<>a<>n<>u<>f<>a<>c<>t<>u<>r<>i<>n<>g<> <>&<> <>T<>o<>l<>l
M<>i<>l<>l<>s<>
A<>l<> <>W<>a<>t<>a<>n<>i<>a<> <>P<>o<>u<>l<>t<>r<>y
(<>f<>i<>s<>h<>‐<>f<>e<>e<>d<> <>d<>i<>v<>i<>s<>i<>o<>n<>)
K<>i<>n<>g<>d<>o<>m<> <>F<>e<>e<>d<> <>M<>i<>l<>l<>s
H<>a<>i<>l<> <>A<>g<>r<>i<>c<>u<>l<>t<>u<>r<>a<>l
D<>e<>v<>e<>l<>o<>p<>m<>e<>n<>t<> <>C<>o<>.
T<>e<>c<>h<>n<>o<>l<>o<>g<>y<> <>&<> <>S<>e<>r<>v<>i<>c<>e<> <>P<>r<>ov<>i<>d<>e<>rs
E<>v<>o<>n<>i<>k
N<>u<>t<>r<>i<>a<>d
A<>d<>i<>f<>o
A<>z<>u<>r<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e
C<>o<>n<>s<>u<>l<>t<>i<>n<>g
G<>ove<>r<>n<>m<>e<>n<>t<> <>&<> <>R<>e<>g<>u<>l<>a<>t<>o<>r<>y
B<>o<>d<>i<>e<>s<>
M<>i<>n<>i<>s<>t<>r<>y<> <>o<>f
E<>n<>v<>i<>r<>o<>n<>m<>e<>n<>t<>,<> <>W<>a<>t<>e<>r
&<> <>A<>g<>r<>i<>c<>u<>l<>t<>u<>r<>e
(<>M<>E<>W<>A<>)
S<>a<>u<>d<>i<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e
S<>o<>c<>i<>e<>t<>y
N<>a<>t<>i<>o<>n<>a<>l
A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>G<>r<>o<>u<>p
S<>a<>l<>e<>s<> <>o<>f<> <>s<>t<>a<>n<>d<>a<>r<>d<> <>&<> <>s<>p<>e<>c<>i<>a<>l<>t<>y<> <>c<>o<>m<>p<>o<>u<>n<>d<> <>fe<>e<>d<>s<> <>(<>m<>a<>r<>i<>n<>e,
s<>h<>r<>i<>m<>p,<> <>e<>a<>r<>l<>y<>‐<>s<>t<>a<>g<>e<> <>f<>r<>y<>)<>
▶
C<>u<>s<>to<>m<>‐<>fo<>r<>m<>u<>l<>a<>t<>i<>o<>n<> <>fe<>e<>s▶
L<>i<>c<>e<>n<>s<>i<>n<>g<> <>&<> <>r<>oya<>l<>t<>y<> <>i<>n<>c<>o<>m<>e▶
S<>a<>l<>e<>s<> <>o<>f<> <>f<>i<>s<>h<>m<>e<>a<>l<> <>&<> <>f<>i<>s<>h<> <>o<>i<>l▶
P<>l<>a<>n<>t<>‐<>p<>r<>o<>te<>i<>n<> <>c<>o<>n<>c<>e<>n<>t<>ra<>te<>s▶
A<>m<>i<>n<>o<> <>a<>c<>i<>d<>s<>,<> <>v<>i<>t<>a<>m<>i<>n<>s<> <>&<> <>m<>i<>n<>e<>ra<>l<> <>p<>r<>e<>m<>i<>xe<>s▶
W<>h<>o<>l<>e<>s<>a<>l<>e<> <>&<> <>d<>i<>s<>t<>r<>i<>b<>u<>t<>i<>o<>n<> <>m<>a<>rg<>i<>n<>s▶
L<>o<>g<>i<>s<>t<>i<>c<>s<> <>&<> <>w<>a<>r<>e<>h<>o<>u<>s<>i<>n<>g<> <>fe<>e<>s▶
I<>m<>p<>o<>r<>t<>‐<>d<>u<>t<>y<> <>a<>r<>b<>i<>t<>ra<>g<>e▶
T<>o<>l<>l<>‐<>m<>a<>n<>u<>f<>a<>c<>t<>u<>r<>i<>n<>g<> <>c<>h<>a<>rg<>e<>s▶
P<>r<>i<>v<>a<>te<>‐<>l<>a<>b<>e<>l<> <>fe<>e<>d<> <>p<>r<>o<>d<>u<>c<>t<>i<>o<>n<> <>fe<>e<>s▶
L<>e<>a<>s<>e<> <>o<>f<> <>m<>i<>l<>l<>i<>n<>g<> <>c<>a<>p<>a<>c<>i<>t<>y▶
R<>&<>D<> <>&<> <>fe<>e<>d<>‐<>fo<>r<>m<>u<>l<>a<>t<>i<>o<>n<> <>c<>o<>n<>s<>u<>l<>t<>i<>n<>g<> <>fe<>e<>s▶
L<>a<>b<> <>te<>s<>t<>i<>n<>g<> <>&<> <>q<>u<>a<>l<>i<>t<>y<>‐<>a<>s<>s<>u<>ra<>n<>c<>e<> <>s<>e<>r<>v<>i<>c<>e<>s▶
L<>i<>c<>e<>n<>s<>i<>n<>g<> <>o<>f<> <>fo<>r<>m<>u<>l<>a<>t<>i<>o<>n<> <>&<> <>E<>R<>P<> <>s<>o<>f<>t<>w<>a<>r<>e▶
L<>i<>c<>e<>n<>s<>i<>n<>g<> <>&<> <>i<>n<>s<>p<>e<>c<>t<>i<>o<>n<> <>fe<>e<>s▶
S<>u<>b<>s<>i<>d<>i<>e<>s<> <>&<> <>g<>ra<>n<>t<> <>d<>i<>s<>b<>u<>rs<>e<>m<>e<>n<>t<>s▶
I<>m<>p<>o<>r<>t<>/<>ex<>p<>o<>r<>t<> <>t<>a<>r<>i<>f<>f<> <>r<>eve<>n<>u<>e<>s▶
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

13. 05
Competitive Landscape

14. C<>o<>m<>p<>e<>t<>i<>t<>i<>v<>e<> <>L<>a<>n<>d<>s<>c<>a<>p<>e<> <>(<>1<>/<>3<>)<>
C<>o<>m<>p<>e<>t<>i<>t<>i<>ve<> <>L<>a<>n<>d<>s<>c<>a<>p<>e<> <>O<>ve<>r<>v<>i<>ew
K<>e<>y<> <>p<>l<>a<>ye<>rs<> <>i<>n<> <>K<>S<>A<> <>a<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>fe<>e<>d<> <>i<>n<>c<>l<>u<>d<>e<> C<>a<>rg<>i<>l<>l,<> N<>u<>t<>r<>e<>c<>o<> <>(S<>k<>r<>e<>t<>t<>i<>n<>g<>),<> <>D<>S<>M<>,<> <>a<>n<>d<> <>N<>a<>t<>i<>o<>n<>a<>l<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>G<>r<>o<>u<>p<> <>(<>N<>AQ<>U<>A<>)<>.<>
C<>a<>rg<>i<>l<>l <>l<>eve<>ra<>g<>e<>s<> <>g<>l<>o<>b<>a<>l<> <>p<>r<>o<>c<>u<>r<>e<>m<>e<>n<>t<> <>a<>n<>d<> <>R<>&<>D<> <>p<>a<>r<>t<>n<>e<>rs<>h<>i<>p<>s<> <>to<> <>d<>e<>l<>i<>ve<>r<> <>c<>u<>s<>to<>m<>i<>z<>e<>d<> <>p<>e<>l<>l<>e<>te<>d<> <>fe<>e<>d<>s<> <>v<>i<>a<> <>d<>i<>r<>e<>c<>t<> <>s<>a<>l<>e<>s<> <>to<> <>f<>i<>s<>h
f<>a<>r<>m<>s<>,<> <>g<>e<>n<>e<>ra<>t<>i<>n<>g<> <>r<>eve<>n<>u<>e<> <>f<>r<>o<>m<> <>fe<>e<>d<> <>s<>a<>l<>e<>s<>.<> N<>u<>t<>r<>e<>c<>o’<>s<> <>S<>k<>r<>e<>t<>t<>i<>n<>g <>b<>ra<>n<>d<> <>fo<>c<>u<>s<>e<>s<> <>o<>n<> <>s<>u<>s<>t<>a<>i<>n<>a<>b<>l<>e<> <>fo<>r<>m<>u<>l<>a<>t<>i<>o<>n<>s<>,<> <>r<>e<>l<>y<>i<>n<>g<> <>o<>n
c<>i<>r<>c<>u<>l<>a<>r<>-<>e<>c<>o<>n<>o<>my<> <>fe<>e<>d<>s<>to<>c<>k<>s<>,<> <>p<>r<>o<>d<>u<>c<>i<>n<>g<> <>h<>i<>g<>h<>-<>p<>e<>r<>fo<>r<>m<>a<>n<>c<>e<> <>d<>i<>e<>t<>s<> <>s<>o<>l<>d<> <>t<>h<>r<>o<>u<>g<>h<> <>d<>i<>s<>t<>r<>i<>b<>u<>to<>rs<> <>to<> <>h<>a<>tc<>h<>e<>r<>i<>e<>s<> <>a<>n<>d<> <>g<>r<>ow<>-<>o<>u<>t
f<>a<>r<>m<>s<>,<> <>w<>i<>t<>h<> <>r<>eve<>n<>u<>e<> <>d<>r<>i<>ve<>n<> <>b<>y<> <>p<>r<>e<>m<>i<>u<>m<> <>m<>a<>rg<>i<>n<>s<>.<> <>D<>S<>M<> <>p<>r<>ov<>i<>d<>e<>s<> <>s<>p<>e<>c<>i<>a<>l<>i<>z<>e<>d<> <>fe<>e<>d<> <>a<>d<>d<>i<>t<>i<>ve<>s<> <>(<>n<>u<>t<>r<>i<>t<>i<>o<>n<>a<>l<> <>s<>o<>l<>u<>t<>i<>o<>n<>s<>)<> <>v<>i<>a<> <>B<>2<>B
c<>h<>a<>n<>n<>e<>l<>s<>,<> <>m<>o<>n<>e<>t<>i<>z<>i<>n<>g<> <>t<>h<>r<>o<>u<>g<>h<> <>l<>i<>c<>e<>n<>s<>i<>n<>g<> <>a<>n<>d<> <>vo<>l<>u<>m<>e<> <>c<>o<>n<>t<>ra<>c<>t<>s<>.<> N<>AQ<>U<>A <>i<>n<>te<>g<>ra<>te<>s<> <>fe<>e<>d<> <>p<>r<>o<>d<>u<>c<>t<>i<>o<>n<> <>w<>i<>t<>h<> <>f<>a<>r<>m<>i<>n<>g
o<>p<>e<>ra<>t<>i<>o<>n<>s<>,<> <>o<>p<>t<>i<>m<>i<>z<>i<>n<>g<> <>c<>o<>s<>t<> <>s<>t<>r<>u<>c<>t<>u<>r<>e<> <>t<>h<>r<>o<>u<>g<>h<> <>ve<>r<>t<>i<>c<>a<>l<> <>i<>n<>te<>g<>ra<>t<>i<>o<>n<> <>a<>n<>d<> <>s<>e<>l<>l<>i<>n<>g<> <>s<>u<>r<>p<>l<>u<>s<> <>fe<>e<>d<>.<>
E<>x<>h<>i<>b<>i<>t<> <>5<>.<>1
I<>l<>l<>u<>s<>t<>r<>a<>t<>i<>v<>e<> <>M<>a<>r<>k<>e<>t<> <>S<>h<>a<>r<>e<>s<> <>o<>f<> <>K<>e<>y<> <>P<>l<>a<>y<>e<>r<>s<> <>i<>n<> <>K<>s<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<>
N<>o<>t<>e<>: <>T<>h<>e<>s<>e<> <>a<>r<>e<> <>i<>l<>l<>u<>s<>t<>r<>a<>t<>i<>v<>e<> <>r<>e<>p<>r<>e<>s<>e<>n<>t<>a<>t<>i<>o<>n<>s<> <>a<>n<>d<> <>d<>o<> <>n<>o<>t<> <>r<>e<>f<>l<>e<>c<>t<> <>a<>c<>t<>u<>a<>l<> <>d<>a<>t<>a<> <>o<>r<> <>r<>e<>a<>l<>-<>w<>o<>r<>l<>d<> <>f<>i<>g<>u<>r<>e<>s<>
Source: Ken Research Analysis
Note 1: The XX% in the exhibit represents the market share of each company.
Note 2: The exhibit serves as an illustration, with numbers currently masked.
Note 3: All revenue and financial numbers are for the current year.
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

15. Competitive Landscape (2/3)
E<>x<>h<>i<>b<>i<>t<> <>5<>.<>2
I<>l<>l<>u<>s<>t<>r<>a<>t<>i<>v<>e<> <>C<>o<>m<>p<>e<>t<>i<>t<>i<>o<>n<> <>M<>a<>t<>r<>i<>x<> <>o<>f<> <>K<>s<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<>
Major Players in Ksa Aquaculture Feed Market
Figure represents cumulative market share for only the product segment.:
Note: These are illustrative representations and do not reflect actual data or real-world figures
Large Players Medium Players Small Players
Source: Ken Research Analysis
Note 1: The XX% in the exhibit shows the market share of each company, which represents the company’s contribution to the total market.
Note 2: The exhibit serves as an illustration, with numbers currently masked.
Note 3: All revenue and financial numbers are for the current year.
Note 4: Enterprise size categories based on annual revenue in US$—Large > US$250 Mn; Medium US$50 Mn–US$250 Mn; Small < US$50 Mn
Ksa Aquaculture Feed Market: USD
XX Mn
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

16. C<>o<>m<>p<>e<>t<>i<>t<>i<>v<>e<> <>L<>a<>n<>d<>s<>c<>a<>p<>e<> <>(<>3<>/<>3<>)<>
E<>x<>h<>i<>b<>i<>t<> <>5<>.<>3
I<>l<>l<>u<>s<>t<>r<>a<>t<>i<>v<>e<> <>C<>r<>o<>s<>s<> <>C<>o<>m<>p<>a<>r<>i<>s<>o<>n<> <>o<>f<> <>K<>e<>y<> <>P<>l<>a<>y<>e<>r<>s<> <>i<>n<> <>K<>s<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<>
C<>o<>m<>p<>a<>ny<> H<>e<>a<>d<>q<>u<>a<>r<>t<>e<>r<>
M<>a<>r<>k<>e<>t
S<>h<>a<>r<>e
(<>%<>)<>
A<>n<>n<>u<>a<>l
R<>eve<>n<>u<>e
(<>U<>S<>D
M<>n)<>
G<>r<>ow<>t<>h
M<>o<>m<>e<>n<>t<>u<>m
(<>%<>)<>
P<>r<>o<>d<>u<>c<>t<>i<>o<>n
C<>a<>p<>a<>c<>i<>t<>y
(<>K<>t<> <>p.<>a<>.<>)<>
R<>&<>D
I<>n<>ve<>s<>t<>m<>e<>n<>t
(<>U<>S<>D<> <>M<>n)<>
D<>i<>s<>t<>r<>i<>b<>u<>t<>i<>o<>n
N<>e<>t<>wo<>r<>k
R<>e<>a<>c<>h
(<>o<>u<>t<>l<>e<>t<>s)<>
P<>r<>o<>d<>u<>c<>t
P<>o<>r<>t<>fo<>l<>i<>o
D<>i<>ve<>rs<>i<>t<>y
(<>l<>i<>n<>e<>s)<>
C<>a<>rg<>i<>l<>l<>
W<>a<>y<>z<>a<>t<>a<>,
M<>i<>n<>n<>e<>s<>o<>t<>a<>,
U<>S<>A<>
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
N<>u<>t<>r<>e<>c<>o
(<>S<>k<>r<>e<>t<>t<>i<>n<>g<>)<>
A<>m<>e<>rs<>fo<>o<>r<>t<>,
N<>e<>t<>h<>e<>r<>l<>a<>n<>d<>s<>
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
A<>l<>l<>te<>c<>h
C<>o<>p<>p<>e<>n<>s<>
L<>e<>e<>n<>d<>e,
N<>e<>t<>h<>e<>r<>l<>a<>n<>d<>s<>
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
B<>i<>o<>M<>a<>r<>
A<>a<>r<>h<>u<>s<>,
D<>e<>n<>m<>a<>r<>k<>
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
A<>r<>c<>h<>e<>r
D<>a<>n<>i<>e<>l<>s
M<>i<>d<>l<>a<>n<>d
(<>A<>D<>M<>)<>
C<>h<>i<>c<>a<>g<>o,
I<>l<>l<>i<>n<>o<>i<>s<>,<> <>U<>S<>A<>
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
Z<>e<>i<>g<>l<>e<>r<> <>B<>r<>o<>s<>
G<>a<>r<>d<>n<>e<>rs<>,
P<>e<>n<>n<>sy<>l<>v<>a<>n<>i<>a<>,
U<>S<>A<>
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
B<>i<>o<>m<>i<>n<>
G<>e<>t<>z<>e<>rs<>d<>o<>r<>f<>,
A<>u<>s<>t<>r<>i<>a<>
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
N<>ov<>u<>s
I<>n<>te<>r<>n<>a<>t<>i<>o<>n<>a<>l
S<>t<>.<> <>C<>h<>a<>r<>l<>e<>s<>,
M<>i<>s<>s<>o<>u<>r<>i<>,<> <>U<>S<>A
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
G<>u<>l<>f<> <>F<>e<>e<>d<> <>C<>o
R<>i<>ya<>d<>h<>,
S<>a<>u<>d<>i<> <>A<>ra<>b<>i<>a<>
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
S<>a<>u<>d<>i<> <>F<>i<>s<>h
Fa<>r<>m<>i<>n<>g
C<>o<>m<>p<>a<>ny<>
J<>e<>d<>d<>a<>h<>,
S<>a<>u<>d<>i<> <>A<>ra<>b<>i<>a<>
X<>X<>%<> X<>X<> X<>X<>%<> X<>X<> X<>X<> X<>X<> X<>X<>
S<>o<>u<>r<>c<>e<>: <>K<>e<>n<> <>R<>e<>s<>e<>a<>r<>c<>h<> <>A<>n<>a<>l<>y<>s<>i<>s
N<>o<>te<> <>1<>: <>T<>h<>e<> <>X<>X<>%<> <>a<>n<>d<> <>X<>X<> <>va<>l<>u<>e<>s<> <>i<>n<> <>t<>h<>e<> <>e<>x<>h<>i<>b<>i<>t<> <>r<>e<>p<>r<>e<>s<>e<>n<>t<> <>p<>l<>a<>c<>e<>h<>o<>l<>d<>e<>r<> <>d<>a<>t<>a<> <>a<>n<>d<> <>w<>i<>l<>l<> <>b<>e<> <>r<>e<>p<>l<>a<>c<>e<>d<> <>w<>i<>t<>h<> <>a<>c<>t<>u<>a<>l<> <>f<>i<>g<>u<>r<>e<>s<> <>i<>n<> <>t<>h<>e<> <>f<>i<>n<>a<>l<> <>r<>e<>p<>o<>r<>t<>.
N<>o<>te<> <>2<>: <>A<>l<>l<> <>r<>e<>v<>e<>n<>u<>e<> <>a<>n<>d<> <>f<>i<>n<>a<>n<>c<>i<>a<>l<> <>n<>u<>m<>b<>e<>r<>s<> <>a<>r<>e<> <>f<>o<>r<> <>t<>h<>e<> <>c<>u<>r<>r<>e<>n<>t<> <>y<>e<>a<>r<>.
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

17. 06
Analyst Recommendation

18. A<>n<>a<>l<>y<>s<>t<> <>R<>e<>co<>m<>m<>en<>d<>a<>t<>i<>o<>n<>
E<>x<>h<>i<>b<>i<>t<> <>6<>.<>1
T<>a<>rg<>e<>t<> <>A<>d<>d<>r<>e<>s<>s<>a<>b<>l<>e<> <>Ks<>a<> <>A<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>F<>e<>e<>d<> <>M<>a<>r<>k<>e<>t<> <>O<>u<>t<>l<>o<>o<>k<> <>T<>o<> <>2<>0<>2<>9<>
S<>o<>u<>r<>c<>e<>:<> K<>e<>n<> <>R<>e<>s<>e<>a<>r<>c<>h<> <>A<>n<>a<>l<>y<>s<>i<>s
N<>o<>t<>e<> <>1<>:<> T<>h<>e<> <>e<>x<>h<>i<>b<>i<>t<> <>s<>e<>r<>v<>e<>s<> <>a<>s<> <>a<>n<> <>i<>l<>l<>u<>s<>t<>r<>a<>t<>i<>o<>n<>,<> <>w<>i<>t<>h<> <>n<>u<>m<>b<>e<>r<>s<> <>c<>u<>r<>r<>e<>n<>t<>l<>y<> <>m<>a<>s<>k<>e<>d<>.<> <>T<>h<>e<> <>d<>e<>t<>a<>i<>l<>e<>d<> <>s<>t<>a<>t<>i<>s<>t<>i<>c<>s<> <>w<>i<>l<>l<> <>b<>e<> <>i<>n<>c<>l<>u<>d<>e<>d<> <>i<>n<> <>t<>h<>e<> <>f<>i<>n<>a<>l<> <>r<>e<>p<>o<>r<>t<>.<>
N<>o<>t<>e<> <>2<>:<> A<>l<>l<> <>r<>e<>v<>e<>n<>u<>e<> <>a<>n<>d<> <>f<>i<>n<>a<>n<>c<>i<>a<>l<> <>n<>u<>m<>b<>e<>r<>s<> <>a<>r<>e<> <>f<>o<>r<> <>t<>h<>e<> <>c<>u<>r<>r<>e<>n<>t<> <>y<>e<>a<>r<>.<>
TA<>M<>/<>S<>A<>M<> <>&<> <>S<>O<>M<> <>A<>n<>a<>l<>y<>s<>i<>s<>
T<>A<>M<> <>=<> <>U<>S<>D<> <>X<>X<> <>M<>n<> <>(<>R<>e<>p<>r<>e<>s<>e<>n<>t<>s<> <>o<>v<>e<>r<>a<>l<>l
a<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>f<>e<>e<>d<> <>d<>e<>m<>a<>n<>d<>;<> <>b<>a<>s<>e<>d<> <>o<>n<> <>n<>a<>t<>i<>o<>n<>a<>l
p<>r<>o<>d<>u<>c<>t<>i<>o<>n<> <>c<>a<>p<>a<>c<>i<>t<>i<>e<>s<> <>m<>u<>l<>t<>i<>p<>l<>i<>e<>d<> <>b<>y<> <>f<>e<>e<>d
c<>o<>n<>v<>e<>r<>s<>i<>o<>n<> <>r<>a<>t<>i<>o<>s<>.<>)<>
S<>A<>M<> <>=<> <>U<>S<>D<> <>X<>X<> <>M<>n<> <>(<>R<>e<>f<>l<>e<>c<>t<>s<> <>a<>d<>d<>r<>e<>s<>s<>a<>b<>l<>e
v<>o<>l<>u<>m<>e<> <>f<>o<>r<> <>t<>a<>r<>g<>e<>t<>e<>d<> <>s<>p<>e<>c<>i<>e<>s<>;<> <>c<>a<>l<>c<>u<>l<>a<>t<>e<>d
v<>i<>a<> <>s<>e<>g<>m<>e<>n<>t<>-<>s<>p<>e<>c<>i<>f<>i<>c<> <>p<>r<>o<>d<>u<>c<>t<>i<>o<>n<> <>o<>u<>t<>p<>u<>t<>s
t<>i<>m<>e<>s<> <>s<>p<>e<>c<>i<>e<>s<>-<>s<>p<>e<>c<>i<>f<>i<>c<> <>c<>o<>n<>v<>e<>r<>s<>i<>o<>n<> <>r<>a<>t<>i<>o<>s<>.<>)
S<>O<>M<> <>=<> <>U<>S<>D<> <>X<>X<> <>M<>n<> <>(<>I<>n<>d<>i<>c<>a<>t<>e<>s
o<>b<>t<>a<>i<>n<>a<>b<>l<>e<> <>m<>a<>r<>k<>e<>t<> <>s<>h<>a<>r<>e<>;<> <>e<>s<>t<>i<>m<>a<>t<>e<>d
f<>r<>o<>m<> <>d<>i<>s<>t<>r<>i<>b<>u<>t<>i<>o<>n<> <>n<>e<>t<>w<>o<>r<>k<> <>r<>e<>a<>c<>h
m<>u<>l<>t<>i<>p<>l<>i<>e<>d<> <>b<>y<> <>r<>e<>a<>l<>i<>s<>t<>i<>c<> <>p<>e<>n<>e<>t<>r<>a<>t<>i<>o<>n
r<>a<>t<>e<>s<>.<>)<>
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

19. 07
Ken Research Offerings

20. How can we add value ?
Strategy & Transformation
▶Digital transformation in animal
farming and aquaculture
▶Portfolio & Growth strategy for
animal and aquaculture producers
▶Regulatory compliance and
sustainability standards (USDA
Organic, MSC, ASC, ISO 22000,
GlobalGAP, Animal Welfare
Approved, FDA, EU CAP)
Growth and Scale-Up
Expansion into high-efficiency,
sustainable, and technology-
driven livestock and fish farming
▶Growth in organic, antibiotic-free,
and lab-grown meat and seafood
▶Adoption of eco-friendly feed,
low-carbon aquaculture, and
ethical livestock practices
▶Integration of AI, IoT, and robotics
in precision livestock and
aquaculture farming
Cost and Performance Excellence
Cost optimization through
precision farming, automation,
and resource management
▶Expansion into high-yield
breeding, vertical aquaculture,
and alternative protein sources
▶Lean farming methodologies for
improved efficiency and reduced
environmental footprint
Lean workflow and predictive
maintenance for automated
feeding, watering, and
environmental control systems
Optimized resource utilization,
water conservation, and disease
management
Customer Loyalty and Experience
Stakeholder engagement:
Farmers, seafood processors,
retail chains, regulatory agencies
▶AI-driven disease prediction and
automated feeding systems
▶Digital twin technology for real-
time monitoring of animal health
and water quality
▶CRM and digital platforms for farm
management, marketplace
integration, and traceability
Investment Advisory
▶Feasibility studies and investment
planning for large-scale and
specialized farming operations
▶Investment screening for smart
animal farming and sustainable
aquaculture
▶Funding and capital advisory for
sustainable animal farming and
aquaculture innovations
Enablement and Implementation
▶Post-merger integration for
livestock and aquaculture
businesses
▶Execution and quality control in
livestock management and
aquaculture practices
▶Supply chain and logistics
optimization for farm-to-market
efficiency
Ken Research
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

21. K<>en<> <>O<>f<>f<>e<>r<>i<>n<>g<>s<>
L<>i<>v<>e<>s<>t<>o<>c<>k<> <>H<>e<>a<>l<>t<>h<> <>&
P<>r<>o<>d<>u<>c<>t<>i<>v<>i<>t<>y<>
O<>p<>e<>r<>a<>t<>i<>o<>n<>a<>l<> <>E<>f<>f<>i<>c<>i<>e<>n<>c<>y<> M<>a<>r<>k<>e<>t<> <>E<>x<>p<>a<>n<>s<>i<>o<>n<> <>&<> <>R<>e<>v<>e<>n<>u<>e
G<>r<>o<>w<>t<>h<>
S<>u<>s<>t<>a<>i<>n<>a<>b<>i<>l<>i<>t<>y<> <>&<> <>E<>n<>v<>i<>r<>o<>n<>m<>e<>n<>t<>a<>l
I<>m<>p<>a<>c<>t<>
A<>n<>i<>m<>a<>l<> <>W<>e<>l<>f<>a<>r<>e<> <>&<> <>C<>o<>m<>p<>l<>i<>a<>n<>c<>e<> F<>i<>n<>a<>n<>c<>i<>a<>l<> <>P<>e<>r<>f<>o<>r<>m<>a<>n<>c<>e<> <>&<> <>C<>o<>s<>t
M<>a<>n<>a<>g<>e<>m<>e<>n<>t<>
T<>e<>c<>h<>n<>o<>l<>o<>g<>y<> <>&<> <>I<>n<>n<>o<>v<>a<>t<>i<>o<>n<>
O<>u<>r<> <>S<>o<>l<>u<>t<>i<>o<>n<>s<> <>to<> <>H<>e<>l<>p<> <>I<>n<>c<>r<>e<>a<>s<>e<> <>S<>t<>a<>k<>e<>h<>o<>l<>d<>e<>r<> <>V<>a<>l<>u<>e
I<>m<>p<>r<>ove<> <>a<>n<>i<>m<>a<>l<> <>g<>r<>ow<>t<>h<> <>ra<>te<> <>&
fe<>e<>d<> <>c<>o<>n<>ve<>rs<>i<>o<>n<> <>ra<>t<>i<>o<> <>(<>F<>C<>R<>)<> <>w<>i<>t<>h
b<>e<>t<>te<>r<> <>n<>u<>t<>r<>i<>t<>i<>o<>n
➤
R<>e<>d<>u<>c<>e<> <>m<>o<>r<>t<>a<>l<>i<>t<>y<> <>ra<>te<> <>&<> <>d<>i<>s<>e<>a<>s<>e
i<>n<>c<>i<>d<>e<>n<>c<>e<> <>v<>i<>a<> <>h<>e<>a<>l<>t<>h<> <>m<>o<>n<>i<>to<>r<>i<>n<>g
➤
E<>n<>h<>a<>n<>c<>e<> <>b<>r<>e<>e<>d<>i<>n<>g<> <>s<>u<>c<>c<>e<>s<>s<> <>ra<>te
w<>i<>t<>h<> <>g<>e<>n<>e<>t<>i<>c<> <>s<>e<>l<>e<>c<>t<>i<>o<>n
➤
I<>n<>c<>r<>e<>a<>s<>e<> <>o<>u<>t<>p<>u<>t<> <>p<>e<>r<> <>l<>a<>b<>o<>r<> <>u<>n<>i<>t
t<>h<>r<>o<>u<>g<>h<> <>a<>u<>to<>m<>a<>t<>i<>o<>n<> <>&<> <>s<>m<>a<>r<>t
f<>a<>r<>m<>i<>n<>g
➤
R<>e<>d<>u<>c<>e<> <>fe<>e<>d<> <>w<>a<>s<>t<>a<>g<>e<> <>&
p<>r<>o<>d<>u<>c<>t<>i<>o<>n<> <>c<>o<>s<>t<> <>p<>e<>r<> <>u<>n<>i<>t
➤
O<>p<>t<>i<>m<>i<>z<>e<> <>h<>a<>r<>ve<>s<>t<> <>cyc<>l<>e<> <>&
s<>to<>c<>k<>i<>n<>g<> <>d<>e<>n<>s<>i<>t<>y
➤
B<>o<>o<>s<>t<> <>m<>a<>r<>k<>e<>t<> <>s<>h<>a<>r<>e<> <>&<> <>s<>a<>l<>e<>s
vo<>l<>u<>m<>e<> <>v<>i<>a<> <>n<>ew<> <>d<>i<>s<>t<>r<>i<>b<>u<>t<>i<>o<>n
c<>h<>a<>n<>n<>e<>l<>s
➤
I<>m<>p<>r<>ove<> <>p<>r<>o<>d<>u<>c<>t<> <>d<>i<>ve<>rs<>i<>f<>i<>c<>a<>t<>i<>o<>n<> <>&
p<>r<>i<>c<>i<>n<>g<> <>s<>t<>ra<>te<>g<>y
➤
I<>n<>c<>r<>e<>a<>s<>e<> <>ex<>p<>o<>r<>t<> <>vo<>l<>u<>m<>e<> <>&<> <>g<>l<>o<>b<>a<>l
c<>o<>m<>p<>e<>t<>i<>t<>i<>ve<>n<>e<>s<>s
➤
L<>owe<>r<> <>c<>a<>r<>b<>o<>n<> <>fo<>o<>t<>p<>r<>i<>n<>t<> <>&<> <>w<>a<>te<>r
u<>s<>a<>g<>e<> <>e<>f<>f<>i<>c<>i<>e<>n<>cy<> <>v<>i<>a<> <>e<>c<>o<> <>f<>r<>i<>e<>n<>d<>l<>y
p<>ra<>c<>t<>i<>c<>e<>s
➤
E<>n<>h<>a<>n<>c<>e<> <>w<>a<>s<>te<> <>m<>a<>n<>a<>g<>e<>m<>e<>n<>t<> <>&
r<>e<>s<>o<>u<>r<>c<>e<> <>e<>f<>f<>i<>c<>i<>e<>n<>cy
➤
A<>c<>h<>i<>eve<> <>s<>u<>s<>t<>a<>i<>n<>a<>b<>i<>l<>i<>t<>y
c<>e<>r<>t<>i<>f<>i<>c<>a<>t<>i<>o<>n<>s<> <>(<>AS<>C<>,<> <>M<>S<>C<>,
G<>l<>o<>b<>a<>l<>G<>.<>A<>.<>P<>.<>)
➤
M<>a<>i<>n<>t<>a<>i<>n<> <>we<>l<>f<>a<>r<>e<> <>c<>o<>m<>p<>l<>i<>a<>n<>c<>e
s<>c<>o<>r<>e<> <>t<>h<>r<>o<>u<>g<>h<> <>e<>t<>h<>i<>c<>a<>l<> <>f<>a<>r<>m<>i<>n<>g
➤
R<>e<>d<>u<>c<>e<> <>s<>t<>r<>e<>s<>s<> <>i<>n<>d<>i<>c<>a<>to<>rs<> <>&
a<>n<>t<>i<>b<>i<>o<>t<>i<>c<> <>u<>s<>a<>g<>e
➤
I<>m<>p<>r<>ove<> <>t<>ra<>c<>e<>a<>b<>i<>l<>i<>t<>y<> <>&<> <>r<>e<>g<>u<>l<>a<>to<>r<>y
a<>d<>h<>e<>r<>e<>n<>c<>e
➤
I<>n<>c<>r<>e<>a<>s<>e<> <>p<>r<>o<>f<>i<>t<> <>m<>a<>rg<>i<>n<>s<> <>&<> <>R<>O<>I
w<>i<>t<>h<> <>e<>f<>f<>i<>c<>i<>e<>n<>t<> <>c<>o<>s<>t<> <>m<>a<>n<>a<>g<>e<>m<>e<>n<>t
➤
R<>e<>d<>u<>c<>e<> <>d<>e<>b<>t<> <>to<> <>e<>q<>u<>i<>t<>y<> <>ra<>t<>i<>o<> <>&
o<>p<>e<>ra<>t<>i<>o<>n<>a<>l<> <>ex<>p<>e<>n<>s<>e<>s
➤
I<>m<>p<>r<>ove<> <>c<>a<>s<>h<> <>f<>l<>ow<> <>&<> <>i<>n<>ve<>s<>t<>m<>e<>n<>t
a<>t<>t<>ra<>c<>t<>i<>ve<>n<>e<>s<>s
➤
I<>n<>c<>r<>e<>a<>s<>e<> <>A<>I<> <>&<> <>I<>o<>T<> <>a<>d<>o<>p<>t<>i<>o<>n<> <>ra<>te
fo<>r<> <>p<>r<>e<>c<>i<>s<>i<>o<>n<> <>f<>a<>r<>m<>i<>n<>g
➤
I<>m<>p<>r<>ove<> <>r<>e<>a<>l<> <>t<>i<>m<>e<> <>m<>o<>n<>i<>to<>r<>i<>n<>g<> <>&
p<>r<>e<>d<>i<>c<>t<>i<>ve<> <>a<>n<>a<>l<>y<>t<>i<>c<>s<> <>a<>c<>c<>u<>ra<>cy
➤
E<>n<>h<>a<>n<>c<>e<> <>s<>m<>a<>r<>t<> <>fe<>e<>d<>i<>n<>g<> <>&<> <>w<>a<>te<>r
m<>a<>n<>a<>g<>e<>m<>e<>n<>t<> <>e<>f<>f<>i<>c<>i<>e<>n<>cy
➤
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

22. THOUGHT LEADERSHIP
PATHWAYS
TO EXCEPTIONAL
GROWTH
▶Ken Research brings you industry-leading brand valuation,
combined with research from the world’s
This report is just the beginning. Connect with Ken Research
experts, who track macroeconomic trends impacting global
brands. Our library of over 20,000 reports spans key markets like
China, France, and the US, offering deep insights at
kenresearch.com.
With over 200 experts and insights from 80+ countries, Ken
Research provides the knowledge you need. Our comprehensive
approach combines innovative methodologies, consumer
insights, creative content, and strategic media investments,
optimizing your market presence and driving growth.
We are available to personally discuss how we can support you
and your brand’s success. Feel free to contact me Sincerely,
Ankur Gupta
Partner & Founder
[email protected]
Namit Goel
Partner & Founder
[email protected]
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

23. R<>e<>s<>e<>a<>r<>c<>h<> <>M<>e<>t<>h<>o<>d<>o<>l<>o<>g<>y<>
1<>.<> <>D<>e<>s<>k<> <>R<>e<>s<>e<>a<>r<>c<>h
S<>o<>u<>r<>c<>e<>s<>
U<>t<>i<>l<>i<>z<>e<>d<> <>i<>n<>d<>u<>s<>t<>r<>y<> <>r<>e<>p<>o<>r<>t<>s<>,
g<>o<>v<>e<>r<>n<>m<>e<>n<>t<> <>p<>u<>b<>l<>i<>c<>a<>t<>i<>o<>n<>s<>,
a<>n<>d<> <>m<>a<>r<>k<>e<>t<> <>d<>a<>t<>a<>b<>a<>s<>e<>s<> <>t<>o
g<>a<>t<>h<>e<>r<> <>d<>a<>t<>a<> <>o<>n<> <>t<>h<>e<> <>K<>S<>A
a<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>f<>e<>e<>d<> <>m<>a<>r<>k<>e<>t<>,
i<>n<>c<>l<>u<>d<>i<>n<>g<> <>m<>a<>r<>k<>e<>t<> <>t<>r<>e<>n<>d<>s<>,<> <>k<>e<>y
p<>l<>a<>y<>e<>r<>s<>,<> <>a<>n<>d<> <>r<>e<>g<>u<>l<>a<>t<>o<>r<>y
e<>n<>v<>i<>r<>o<>n<>m<>e<>n<>t<>.<>
2<>.<> <>E<>x<>p<>e<>r<>t<> <>I<>n<>t<>e<>r<>v<>i<>ews<>
C<>o<>n<>d<>u<>c<>t<>e<>d<> <>i<>n<>t<>e<>r<>v<>i<>e<>w<>s<> <>w<>i<>t<>h
i<>n<>d<>u<>s<>t<>r<>y<> <>e<>x<>p<>e<>r<>t<>s<>,<> <>i<>n<>c<>l<>u<>d<>i<>n<>g
a<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e<> <>f<>e<>e<>d
m<>a<>n<>u<>f<>a<>c<>t<>u<>r<>e<>r<>s<> <>a<>n<>d
d<>i<>s<>t<>r<>i<>b<>u<>t<>o<>r<>s<>,<> <>t<>o<> <>g<>a<>i<>n
i<>n<>s<>i<>g<>h<>t<>s<> <>i<>n<>t<>o<> <>m<>a<>r<>k<>e<>t
d<>y<>n<>a<>m<>i<>c<>s<>,<> <>c<>h<>a<>l<>l<>e<>n<>g<>e<>s<>,<> <>a<>n<>d
o<>p<>p<>o<>r<>t<>u<>n<>i<>t<>i<>e<>s<>.<>
3<>.<> <>S<>a<>n<>i<>t<>y<> <>C<>h<>e<>c<>k
M<>o<>d<>e<>l<>s<>
A<>p<>p<>l<>i<>e<>d<> <>a<> <>p<>r<>o<>x<>y<> <>m<>o<>d<>e<>l<> <>u<>s<>i<>n<>g
t<>h<>e<> <>n<>u<>m<>b<>e<>r<> <>o<>f<> <>a<>q<>u<>a<>c<>u<>l<>t<>u<>r<>e
f<>a<>r<>m<>s<>,<> <>a<>v<>e<>r<>a<>g<>e<> <>f<>e<>e<>d
c<>o<>n<>s<>u<>m<>p<>t<>i<>o<>n<> <>p<>e<>r<> <>f<>a<>r<>m<>,<> <>a<>n<>d
f<>e<>e<>d<> <>p<>r<>i<>c<>e<> <>t<>o<> <>e<>s<>t<>i<>m<>a<>t<>e<> <>t<>h<>e
a<>d<>d<>r<>e<>s<>s<>a<>b<>l<>e<> <>m<>a<>r<>k<>e<>t<> <>s<>i<>z<>e<>,
c<>r<>o<>s<>s<>-<>v<>e<>r<>i<>f<>i<>e<>d<> <>w<>i<>t<>h<> <>s<>u<>p<>p<>l<>y<>-
s<>i<>d<>e<> <>d<>a<>t<>a<> <>o<>n<> <>p<>l<>a<>y<>e<>r
r<>e<>v<>e<>n<>u<>e<>s<>.<>
4.<> <>F<>o<>r<>e<>c<>a<>s<>t<>i<>n<>g
M<>o<>d<>e<>l<>i<>n<>g<>
D<>e<>v<>e<>l<>o<>p<>e<>d<> <>a<> <>f<>u<>t<>u<>r<>e<> <>f<>o<>r<>e<>c<>a<>s<>t
m<>o<>d<>e<>l<> <>u<>s<>i<>n<>g<> <>h<>i<>s<>t<>o<>r<>i<>c<>a<>l
g<>r<>o<>w<>t<>h<> <>r<>a<>t<>e<>s<>,<> <>e<>c<>o<>n<>o<>m<>i<>c
i<>n<>d<>i<>c<>a<>t<>o<>r<>s<>,<> <>a<>n<>d<> <>e<>x<>p<>e<>r<>t
i<>n<>s<>i<>g<>h<>t<>s<> <>t<>o<> <>p<>r<>o<>j<>e<>c<>t<> <>m<>a<>r<>k<>e<>t
t<>r<>e<>n<>d<>s<> <>a<>n<>d<> <>g<>r<>o<>w<>t<>h<> <>p<>o<>t<>e<>n<>t<>i<>a<>l
o<>v<>e<>r<> <>t<>h<>e<> <>n<>e<>x<>t<> <>f<>i<>v<>e<> <>y<>e<>a<>r<>s<>.<>
S<>A<>M<>P<>L<>E<> <>S<>I<>Z<>E<> <>B<>Y<> <>S<>T<>A<>K<>E<>H<>O<>L<>D<>E<>R<>S<>
B<>y<> <>S<>t<>a<>k<>e<>h<>o<>l<>d<>e<>r<>s N<>u<>m<>b<>e<>r<> <>o<>f<> <>R<>e<>s<>p<>o<>n<>d<>e<>n<>t<>s
C<> <>L<>e<>v<>e<>l<> <>E<>x<>e<>c<>u<>t<>i<>v<>e~<> <>R<>e<>s<>p<>o<>n<>d<>e<>n<>t<>s
O<>p<>e<>r<>a<>t<>i<>o<>n<>a<>l<>/<>R<>e<>g<>i<>o<>n<>a<>l<> <>M<>a<>n<>a<>g<>e<>r<>s~<> <>R<>e<>s<>p<>o<>n<>d<>e<>n<>t<>s
B<>u<>s<>i<>n<>e<>s<>s<> <>D<>e<>v<>e<>l<>o<>p<>m<>e<>n<>t<> <>/<> <>S<>a<>l<>e<>s<> <>M<>a<>n<>a<>g<>e<>r~<> <>R<>e<>s<>p<>o<>n<>d<>e<>n<>t<>s
O<>t<>h<>e<>r<>s -<>K<>e<>y<> <>o<>p<>i<>n<>i<>o<>n<> <>l<>e<>a<>d<>e<>r<>s<> <>f<>r<>o<>m<> <>A<>s<>s<>o<>c<>i<>a<>t<>i<>o<>n<>s<>,<> <>W<>a<>r<>e<>h<>o<>u<>s<>e<>s<>,<> <>a<>n<>d<> <>M<>a<>n<>u<>f<>a<>c<>t<>u<>r<>i<>n<>g<> <>f<>i<>r<>m<>s<>.
S<>A<>M<>P<>L<>E<> <>S<>I<>Z<>E<> <>B<>Y<> <>R<>E<>S<>P<>O<>N<>D<>E<>N<>T<> <>C<>A<>T<>E<>G<>O<>R<>Y<> <>I<>N<> <>P<>E<>R<>C<>E<>N<>T<>A<>G<>E<> <>(<>%<>)<>
C<> <>L<>e<>v<>e<>l<> <>E<>x<>e<>c<>u<>t<>i<>v<>e<> <>-<> <>X<>X<>%
O<>p<>e<>r<>a<>t<>i<>o<>n<>a<>l<>/<>R<>e<>g<>i<>o<>n<>a<>l
M<>a<>n<>a<>g<>e<>r<>s<> <>-<> <>X<>X<>%
B<>u<>s<>i<>n<>e<>s<>s<> <>D<>e<>v<>e<>l<>o<>p<>m<>e<>n<>t<> <>/
S<>a<>l<>e<>s<> <>M<>a<>n<>a<>g<>e<>r<> <>-<> <>X<>X<>%
O<>t<>h<>e<>r<>s<> <>-<> <>X<>X<>%
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

24. COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

25. COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

26. COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

27. CATEGORIES
AGRICULTURE AND ANIMAL CARE
▶Agriculture Equipment
▶Animal Care
▶Crop Protection
▶Farming
▶Seed
See More >
AUTOMOTIVE, TRANSPORTATION AND
WAREHOUSING
▶Automotive and Automotive Components
▶General Transportation
▶Logistics and Shipping
See More >
BANKING FINANCIAL SERVICES AND
INSURANCE
▶Banking
▶Financial Services
▶Insurance
▶Loans and Advances
See More >
PUBLIC SECTOR AND ADMINISTRATION
▶Legal Services
▶Public Services
▶Religion
See More >
ENERGY AND UTILITIES
▶Clean Technology
▶Gas
▶Oil
▶Power
See More >
HEALTHCARE
▶Diagnostics
▶General Healthcare
▶Medical Devices
▶Pharmaceuticals
See More >
DEFENSE AND SECURITY
▶Defense
▶Security Devices
▶Weapon
See More >
METAL, MINING AND CHEMICALS
▶Chemicals
▶Metals & Minerals
▶Mining
See More >
Technology AND TELECOM
▶IT and ITES
▶Telecommunications and Networking
See More >
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

28. CATEGORIES
EDUCATION AND RECRUITMENT
▶Education
▶Recruitment
See More >
FOOD, BEVERAGE AND TOBACCO
▶Alcoholic Beverages
▶Dairy Products
▶Food Services
▶General Food
▶Non Alcoholic Beverages
▶Tobacco Products
See More >
MEDIA AND ENTERTAINMENT
▶Advertising
▶Films and Animation
▶Gaming and Gambling
▶
Information Services, Newspaper and
Magazines
▶Tourism
▶TV, Radio and Broadcasting
See More >
MANUFACTURING AND CONSTRUCTION
▶Construction Materials
▶Industrial Engineering
▶Infrastructure
▶Machinery and Parts
▶Other Manufacturing Activities
▶Real Estate
See More >
CONSUMER PRODUCTS AND RETAIL
MARKET
▶Baby Care
▶Consumer Electronics
▶Consumer Services
▶Cosmetics and Personal Care
▶Home and Office Furnishings
▶Luxury Goods
▶Sports Equipment
▶Textile, Apparel and Footwear
▶Wholesale and Retail
See More >
COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

29. COPYRIGHT KEN RESEARCH. ALL RIGHTS RESERVED

30. CONTACT US
With 13 years of experience, we’ve served over 2,000 clients, including 70% of Fortune 500 companies,
delivering 20,000+ reports across 340+ industries.
We're here to help you find the right market insights and strategies. Our team is ready to support
your needs and help your business grow.
For further information, please contact:
ANKUR GUPTA
Partner & Founder
[email protected]
[phone]
NAMIT GOEL
Partner & Founder
[email protected]
[phone]
INDIA (IN)
Unit 14, Tower B3, Spaze i Tech# Business Park, Sohna Road, sector
49 Gurgaon, Haryana - 122001, India
INDONESIA (ID)
The Icon BSD City, Jl. Verdant View IIIA No.15, Tangera Regency, Province Banten-15345, Indonesia
UNITED ARAB EMIRATES (UAE)
105, Al Jaz1, Street no 2 the Greens Dubai United Art Emirates.
QATAR
Office no. 9, Building no. 171, Zone no. 42, Street no. 230, Al-Rehab Complex, C-Ring road Doha, Qatar -
PO Box no. 30867