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How is the Aquafeed Additives Market Projected to Grow in Size and Scope?
According to recent data, the aquafeed additives market size has shown solid growth in the past few years. It is projected to grow from $1.75 billion in 2024 to $1.87 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.1%. This growth in the historic period can be mainly attributed to developments in the aquaculture industry, nutritional requirements, and health and disease management.
Moreover, strong growth is expected in the forthcoming years as the aquafeed additives market size is projected to reach $2.45 billion in 2029. This follows a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to factors such as population growth and urbanization, environmental sustainability, regulatory changes, and global economic trends. Additional trends identified during this period include research and development, sustainable practices, alternative proteins, functional feed ingredients, digitalization and precision aquaculture, customization in formulations, and clean label additives.
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What are the Key Growth Drivers for the Aquafeed Additives Market?
The increased demand and consumption of seafood is a key driver propelling the growth of the aquafeed additives market. With more consumers preferring seafood as a protein source, and increased demand for exotic marine species such as shrimp and oysters, the seafood industry is witnessing substantial growth. These species not only fulfill protein requirements but also provide essential nutrients like vitamins, fat, and fatty oils such as sardine oil, and squid oil, essential amino acids, phospholipids, and cholesterol.
What are the Major Segments within the Aquafeed Additives Market?
1) By Source: Animal, Microorganisms, Plant
2) By Ingredient: Anti-Parasitic, Feed Acidifiers, Prebiotics, Essential Oils And Natural Extracts, Palatants, Other Ingredients
3) By Application: Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, Other Application
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Which Companies are Major Players in the Aquafeed Additives Market?
Major companies operating in the aquafeed additives market include Alltech, Biorigin, Kemin Industries Inc., Norel SA, BioMar Group A/S, Cargill Inc., DuPont de Nemours Inc., Nutreco NV, Nutriad Ltd., and Calanus AS amongst others.
What Emerging Trends are Impacting the Aquafeed Additives Market?
Innovation in product development is increasingly being recognized as a significant trend in the aquafeed additives market. As a dynamic industry, aquafeed caters to a wide range of species using different production platforms. Companies are focused on enhancing nutritional understanding by conducting in-depth analyses of alternative raw ingredients and employing innovative techniques. These include water-stable supplements, organic minerals, ingredient pretreatment, gut environment modifiers, and enzymes.
Which Region is the Fastest Growing in the Aquafeed Additives Market?
North America emerged as the largest region in the aquafeed additives market in 2024. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. Other regions covered in the aquafeed additives market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does the Aquafeed Additives Market Report 2025 Offer?
Aquafeed additives refer to substances used to enhance the quality of aquatic species by protecting the physical and chemical quality of their diet. These nutritive/non-nutritive ingredients are provided in a small amount and are rich in protein and omega-3 fatty acids, consequently enhancing the nutritional value of feed and offering benefits like higher growth rate, feed conversion and a more robust immune system. The Aquafeed Additives Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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