Aquafeed Additives Market – Global Industry Trends and Forecast 2022 to 2030

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.

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Report Coverage

Report Scope Details
Market Size US$ 6.76 billion by 2030
Growth Rate CAGR of 4.2% From 2021 to 2030
Base Year 2021
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;

Growth Factors

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.

Key Players

  • Aker Biomarine
  • Nutriad Inc.
  • Calanus AS
  • Olmix Group
  • Norel SA
  • Lallemand Inc.
  • Alltech
  • Kemin Industries
  • Nouryon
  • DuPont de Nemours Inc
  • Biorigin
  • Phileo by Lesaffre
  • Calanus AS

Market Segmentation

  • By Ingredients
    • Anti-parasitic
    • Feed Acidifiers
    • Prebiotics
    • Essential Oils & Natural Extracts
    • Palatants
      • Hydrolysates
      • Yeast Extracts
    • Others
  • By Application
    • Carp
    • Rainbow Trout
    • Salmon
    • Crustaceans
    • Tilapia
    • Catfish
    • Sea Bass
    • Groupers
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • Spain
      • Norway
      • U.K.
      • France
      • Italy
    • Asia Pacific
      • China
      • India
      • Indonesia
      • Japan
      • South Korea
      • Vietnam
      • Thailand
    • Central & South America
      • Brazil
      • Argentina
      • Chile
      • Ecuador
    • Middle East & Africa
      • South Africa
      • Egypt
      • Iran
      • Nigeria

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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

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Aquafeed Additives Market, By Ingredients

7.1.  Aquafeed Additives Market, by Ingredients, 2021-2030

7.1.1.    Anti-parasitic

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Feed Acidifiers

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Prebiotics

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Essential Oils & Natural Extracts

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Palatants

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Aquafeed Additives Market, By Application

8.1.  Aquafeed Additives Market, by Application, 2021-2030

8.1.1.    Carp

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Rainbow Trout

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Salmon

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Crustaceans

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Tilapia

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Catfish

8.1.6.1.        Market Revenue and Forecast (2017-2030)

8.1.7.    Sea Bass

8.1.7.1.        Market Revenue and Forecast (2017-2030)

8.1.8.    Groupers

8.1.8.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Aquafeed Additives Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Ingredients (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Ingredients (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Ingredients (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Ingredients (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Ingredients (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Ingredients (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Aker Biomarine

10.1.1.  Company Overview

10.1.2.  Ingredients Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Nutriad Inc.

10.2.1.  Company Overview

10.2.2.  Ingredients Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Calanus AS

10.3.1.  Company Overview

10.3.2.  Ingredients Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Olmix Group

10.4.1.  Company Overview

10.4.2.  Ingredients Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Norel SA

10.5.1.  Company Overview

10.5.2.  Ingredients Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Lallemand Inc.

10.6.1.  Company Overview

10.6.2.  Ingredients Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Alltech

10.7.1.  Company Overview

10.7.2.  Ingredients Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Kemin Industries

10.8.1.  Company Overview

10.8.2.  Ingredients Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Nouryon

10.9.1.  Company Overview

10.9.2.  Ingredients Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           DuPont de Nemours Inc

10.10.1.               Company Overview

10.10.2.               Ingredients Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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