The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global aquafeed additives market is undergoing a significant transformation, with a projected increase from $1.5 billion in 2022 to $1.58 billion in 2023, marking a compound annual growth rate (CAGR) of 5.8%. Looking ahead, the market is poised to reach $1.96 billion in 2027, driven by a CAGR of 5.5%. Let’s delve into the key factors propelling this growth and the dynamic trends shaping the industry.

Seafood Surge: A Catalyst for Market Expansion

• Consumer Preference: The rise in the consumption and demand for seafood is a key driver.
• Exotic Marine Species: Increased demand for exotic marine species like shrimp and oysters.
• Health Benefits: Marine species contribute significant levels of vitamins, essential amino acids, and fatty oils, promoting consumer health.
• Global Consumption Trends: According to FAO, fish for human consumption is predicted to reach 89% by 2030, with substantial growth in Asia, Africa, and North America.

Major Players Steering the Ship

• Industry Leaders: Aker Biomarine, Alltech, Biorigin, Kemin Industries, Nutreco NV, and others play a pivotal role.
• Diverse Offerings: Companies like Coppens International BV and Skretting contribute to the industry’s diversity.
• Global Presence: Major players are positioned globally, ensuring a widespread impact on the aquafeed additives market.

Riding the Wave of Innovation

• Innovative Product Development: A major trend in the aquafeed additives market.
• Nutritional Understanding: Companies focus on better analyses of raw ingredients for improved nutritional outcomes.
• Advanced Innovation: Water-stable supplements, organic minerals, and gut environment modifiers are part of the innovative landscape.
• Case Study: Aller Aqua’s Recirculating Aquaculture Systems (RAS) developed in February 2020, meeting high demand for feed efficiency and optimal water quality.

Market Segmentation: A Dive into Diversity

• Source Varieties: Aquafeed additives are sourced from animals, microorganisms, and plants.
• Ingredient Categories: Anti-Parasitic, Feed Acidifiers, Prebiotics, Essential Oils, and Natural Extracts are part of the diverse ingredient landscape.
• Application Spectrum: Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, and more.
• Regional Dynamics: North America leads in 2022, with Asia-Pacific expected to be the fastest-growing region.

View More On The Aquafeed Additives Market Report 2023 – https://www.thebusinessresearchcompany.com/report/aquafeed-additives-global-market-report

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The Aquafeed Additives Global Market Report 2023  provides a comprehensive overview on the aquafeed additives market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the aquafeed additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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