Global Aquafeed Additives Market By Ingredients (Feed Acidifiers, Anti-parasitic, Essential Oils & Natural Extracts, Prebiotics, and Palatants), By Application (Rainbow Trout, Carp, Tilapia, Salmon, Catfish, Crustaceans, Groupers, and Sea Bass), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Aquafeed Additives Market Overview:

The global aquafeed additives market was worth USD 2,105.3 million in 2021. It is projected to grow at a CAGR of 3.30% between 2023 to 2032.

This is due to an increase in the consumption of aqua, dairy, and processed poultry. In the next few years, there will be a growing demand for high-quality meat and its by-products. The concern about the safety and quality of meat has led to an increase in animal diseases. This will drive the demand for animal feed additives. Vitamins are used extensively in animal feed formulations as additives. Vitamins are already present in animal feeds. However, supplements with vitamins that provide optimal nutrition are often added to feeds for livestock. This drives the demand for vitamins.

Global Aquafeed Additives Market Scope:

Ingredient Analysis

With a market share of more than 12.1%, the feed acidifiers segment dominated in 2021. Their ability to protect against Salmonella and E. coli diseases is what explains their dominance of the market. Feed acidifiers have many benefits, including increased protein digestibility, improved immunity, decreased mortality, increased resource efficiency, enhanced feed conversion, and reduced risk of contracting diseases such as E. coli and Salmonella. The forecast period will see a rise in awareness by both consumers and producers of the aquaculture sector about sustainable and responsible aquaculture practices. These antiparasitics can be used to prevent parasite-related infections in fish and improve feed quality. To prevent the spread of parasitic diseases in aquatic species, it is necessary to include anti-parasitic ingredients in aquaculture feed due to the complexity and diversity of parasites such as myxozoans and unicellular organisms. Over the forecast period, this will drive demand for anti-parasitic substances. Aquafeed uses palatants as flavor-enhancing agents. They have been shown to improve the taste and nutritional value of aquafeed. Over the forecast period, there will be an increase in demand for palatants.

Application Analysis

With a market share of over 22%, the catfish segment was dominant in 2021. The increasing demand for catfish products from consumers is due to its high content of vitamin D as well as an omega-6 fatty acid. This segment is expected to record the second fastest CAGR in terms of revenue between 2023 to 2032. From 2023 to 2032, the fastest CAGR is expected to be recorded by the tilapia sector. Tilapia, a freshwater fish, is raised in aquaculture in more than 135 countries. It is popular for its low cost, high protein content, and large growth rate. Its adaptability to different cultural systems and robustness will allow it to expand its production.

Carp eat animal feed such as water insects and insect larvae. They also eat leaves, seeds, and stalks from terrestrial and decayed aquatic plants. Carp is expected to be in demand due to its ability to lower cholesterol. These factors will positively impact the growth of the carp industry. Crustaceans include crabs, lobsters, shrimp, and crayfish. Crustaceans are used in many food products such as soups, fish cakes, stocks, seafood broth, seafood chowder, and processed foods. The market is expected to grow due to an increase in demand for shrimps and prawns in the food sector over the forecast period.

Кеу Маrkеt Ѕеgmеntѕ:

By Ingredients

• Feed Acidifiers
• Anti-parasitic
• Essential Oils & Natural Extracts
• Prebiotics
• Palatants
  • Hydrolysates
  • Yeast Extracts
• Other Ingredients

By Application

• Rainbow Trout
• Carp
• Tilapia
• Salmon
• Catfish
• Crustaceans
• Groupers
• Sea Bass
• Other Applications

Market Dynamics:

Aquafeed additives are made from soybean cake, corn protein, and fish oils. They also contain vitamins, minerals, and fish bones. Because of its balanced amino acid profile, soybean is an important source of protein and amino acids both for humans and livestock. Soybean cakes are in high demand due to consumers’ desire for healthy, nutritious products. This is also driving the production of aquafeed. The increasing awareness of consumers about the benefits of eating foods high in nutritive value has led to high demand for protein.

The rising consumption of protein from animals has resulted in a higher demand for it (including fish). This is expected to drive the market growth for the forecast period. Fish is a good source of vitamins and proteins, and is therefore primarily consumed for human consumption. The availability of more fish on the market has led to an increase in fish consumption. This will likely increase the demand for fish and fish products for human consumption over the next few years.

Regional Analysis:

With a more than 33.2% revenue share in 2021, Asia Pacific dominated global markets. This is due to the availability of local fish feed, made from basic raw materials such as fish oil or fish meal, and favorable climatic conditions. This region will also see the fastest projected CAGR. North America will experience significant growth due to the growing consumption of seafood in the U.S.A. and Canada.

The growth of the regional market is being driven by the increasing consumption of certain species such as salmonids and other mollusks, hard clams, oysters, and mussels. A decline in the wild fishery and an increase in seafood consumption across the region can explain the rising demand for aquaculture-produced seafood. The aquaculture industry in Europe is expanding rapidly, particularly in the U.K. France, Italy, and Spain. Market growth has been aided by improved environmental management and an increase in efficiency in feed and nutrient intake. The increasing demand for salmon in the interior has resulted in an increase in demand for anesthesia and sedation materials for transportation. This has driven product demand. The substantial growth in the aquaculture industry in the Asia Pacific will result in a steady rate of growth over the forecast period. This is due to the availability and ease of induced conditions for aquaculture as well as the abundance of natural resources.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Market competition is heavily influenced by the product mix, the number of sellers, and geographic location. The R&D of key manufacturers is essential to creating natural and organic feed products. Although online distribution is growing faster than direct sales, direct sales still have a higher market value because of their ease of access. To increase their presence in the value chain, major players are looking to merge and acquire. They are involved in multiple activities, including production, marketing, and farming. This helps to lower operational costs and produces feed with high nutritional value.

Маrkеt Кеу Рlауеrѕ:

• Aker Biomarine
• Calanus AS
• Nutriad Inc.
• Norel SA
• Alltech
• Nouryon
• Olmix Group
• Lallemand Inc.
• Kemin Industries
• Other Key Players

For the Aquafeed Additives Market research study, the following years have been considered to estimate the market size: