The global aquafeed additives market was valued at USD 2.10 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% during the forecast period. The market growth is driven by increasing demand for high-quality seafood, expansion of aquaculture activities, and the need for efficient and sustainable feed solutions.
Market Drivers
Key factors fueling the aquafeed additives market include rising global fish consumption, growing concerns about aquatic animal health, and advancements in feed technology. Increasing awareness among aquaculture farmers regarding feed efficiency and the role of additives in enhancing fish growth, immunity, and digestion is also propelling demand.
Market Segmentation
The market is segmented by additive type, species, form, and region.
- By Additive Type: Amino acids, vitamins & minerals, antioxidants, enzymes, prebiotics & probiotics, feed acidifiers, and others
- By Species: Fish, crustaceans, mollusks, and others
- By Form: Dry, liquid, and others
- By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Key Players
Major companies in the aquafeed additives market include:
Nutriad Inc.
Kemin Industries Inc.
Dupont De Nemours Inc.
ALLER AQUA A/S
Coppens International B.V.
ALLTECH, INC.
Biomin GmbH
Charoen Pokphand Foods Public Company Limited
Avanti Feeds Limited
Diana Group
Norel S.A.
Olmix Group
Delacon Biotechnik GmbH
Lallemand Inc.
Camlin Fine Sciences Inc.
Conclusion
The aquafeed additives market is expected to witness steady growth as aquaculture continues to play a critical role in food security worldwide. Innovation in functional feed additives and sustainable aquaculture practices will further shape the future of this dynamic industry.
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