The global Aquafeed Additives market size is expected to be worth around US$ 6.76 billion by 2030, according to a new report by Vision Research Reports.
The global Aquafeed Additives market size was valued at US$ 4.06 billion in 2020 and is anticipated to grow at a CAGR of 4.2% during forecast period 2021 to 2030.
|Market Size||US$ 6.76 billion by 2030|
|Growth Rate||CAGR of 4.2% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Ingredient, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Kemin Industries; Diana Group; Nouryon; Phileo by Lesaffre; DuPont de Nemours Inc.; Nutriad Inc.; Olmix Group; Lallemand Inc.; Nouryon; Biorigin; AKER BIOMARINE; Alltech;|
The growth is attributed to the increased consumption of processed poultry, dairy, and aqua products. Moreover, the growing demand for quality meat and meat by-products is likely to have a positive impact on the market in the coming years. An outbreak of several diseases in livestock has increased concerns regarding meat quality and safety, which, in turn, is anticipated to drive the use of animal feed additives. Vitamins are extensively utilized as additives in animal feed formulations. Although vitamins are naturally present in the feed, additional supplements infused with vitamins to provide optimal nutrition are added to livestock feeds, thereby driving the demand for vitamins.
Increasing consumption of the product for carp, salmon, tilapia, and catfish, due to their rising demand driven by their rich protein content, is anticipated to boost the industry's growth. The high content of omega-3 fatty acids in carp and its ability to reduce cholesterol levels have augmented their demand, which, in turn, is projected to propel the product demand over the forecast period.
By Ingredient Analysis
The feed acidifiers segment dominated the market with a revenue share of over 11% in 2020. This is attributed to their ability to prevent diseases caused by E. coli and Salmonella. Increased protein digestibility improved immune response, increased resource efficiency, reduced mortality, and enhanced feed conversion, among others, are some of the benefits of feed acidifiers.
Antiparasitics are used to prevent infections in fish caused by these parasites and enhance the feed quality. The diversity and complexity of parasites, such as myxozoans, unicellular organisms, worms, and crustaceans, make it necessary to add anti-parasitic in aquaculture feed to prevent parasitic disease occurrence in aquatic species.
Palatants are used in aquafeed as flavor-enhancing agents. They are known to increase the palatability and nutritive value of the product. Increasing demand for nutrient-rich ingredients for improving digestibility and palatability is anticipated to fuel the demand for palatants over the forecast period.
By Application Analysis
The catfish application segment dominated the market with a revenue share of more than 22.5% in 2020. This is attributed to the increasing product demand from consumers on account of its rich content of vitamin D and omega-6 fatty acids. The segment is expected to register the second-fastest CAGR, in terms of revenue, from 2021 to 2030. The tilapia segment is estimated to record the fastest CAGR from 2021 to 2030.
Carp consumes animal feed, such as water insects, insect larvae, mollusks, worms, and zooplankton along with leaves, seeds, and stalks of terrestrial and decayed aquatic plants. The growing importance of omega-3 fatty acids in the food & beverage industry is likely to trigger the demand for carp as it helps decrease cholesterol levels.
By Regional Analysis
Central & South America dominated the global market with a revenue share of more than 36.5% in 2020. This is attributed to the favorable climatic conditions and availability of locally produced fish feed made from basic raw materials, such as fish oil and fish meal.
North America is projected to witness significant growth on account of the rising consumption of seafood in countries, such as the U.S. and Canada.
Asia Pacific is projected to grow at a steady growth rate over the forecast period due to the substantial growth of the aquaculture industry, which is attributed to the availability of cheap labor, ease of induced conditions for aquaculture, and the presence of natural resources in the region.
DuPont de Nemours Inc
Phileo by Lesaffre
Essential Oils & Natural Extracts
Central & South America
Middle East & Africa
The Aquafeed Additives market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Aquafeed Additives market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Aquafeed Additives market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Aquafeed Additives market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Aquafeed Additives market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Aquafeed Additives capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Aquafeed Additives by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Aquafeed Additives market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Aquafeed Additives market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Aquafeed Additives market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Aquafeed Additives industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Aquafeed Additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Aquafeed Additives market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Aquafeed Additives market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Aquafeed Additives market. These factors have benefited the growth of the global market for Aquafeed Additives. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Aquafeed Additives. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Aquafeed Additives are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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