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 Business Research Company’s aquafeed additives market report forecasts the aquafeed additives market size to grow to $1.96 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

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

Aquafeed Additives Market Size Forecast
The global aquafeed additives market is expected to grow from $1.5 billion in 2022 to $1.58 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aquafeed additives market size is expected to grow to $1.96 billion in 2027 at a CAGR of 5.5%.

North America held the largest aquafeed additives market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Aquafeed Additives Market Driver ­– Rise In Consumption And Demand For Seafood
According to the FAO’s The State of World Fisheries and Aquaculture 2020 report, the proportion of fish produced for human consumption is predicted to reach 89% by 2030, and with a significant fish consumption growth in Asia, Africa, and North America. Therefore, the rise in seafood and marine species consumption will drive the aquafeed additives market.

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Key Aquafeed Additives Market Trend – Developing Innovative Product
Product innovation enables businesses to remain relevant in their market while growing and improving over time. Aquafeed is a diverse industry that produces hundreds of species on widely disparate production platforms. Major companies focus on improving nutritional understanding by conducting better analyses of alternative raw ingredients and utilizing advanced innovation. These Innovations include water-stable supplements, organic minerals, ingredient pretreatment, gut environment modifiers, and enzymes. For instance, in February 2020, Denmark-based Aller Aqua, a fish feed producer company, developed Recirculating Aquaculture Systems (RAS), which meets the high demand for feed efficiency, optimal water quality, and subsequent fish growth.

Aquafeed Additives Market Segment
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

Aquafeed Additives Market Major Players and Strategies
Major players in the aquafeed additives market are Aker Biomarine, Alltech, Biorigin, Kemin Industries, Norel SA, Nutriad Inc., Coppens International BV, Delacon Biotechnik Gmbh, Diana Group, Growel Feeds Pvt Ltd., Skretting, MJI Universal Pte Ltd., Biomar A/S, Dibaq AS, Charoen Pokphand Foods Public Company Limited and Nutreco NV.

In April 2022, Marel, an Iceland-based food processing company, acquired Wenger Manufacturing LLC for a $540 million deal amount. Through this acquisition of Wenger, Marel is investing in new, complementary, and attractive growth markets, forming the fourth business segment alongside poultry, meat, and fish. Wenger Manufacturing LLC is a US-based processing solutions company focused on pet food, plant-based proteins, and aqua feed.

The Aquafeed Additives Global Market Report 2023 covers regional data on aquafeed additives market size, aquafeed additives market trends and drivers, opportunities, strategies, and aquafeed additives market competitor 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.

Aquafeed additives refer to a substance that is used for improving the quality of aqua species by protecting the physical and chemical quality of their diet. It is a nutritive/non-nutritive ingredients provided in a small amount. Aquafeed additives are high in protein and omega-3 fatty acids, boosting the nutritional value of the feed and giving benefits such as a higher growth rate, feed conversion, and a more robust immune system.

View More Reports Related To The Aquafeed Additives Market –
Feed Premix Global Market Report 2023
Aquafeed Global Market Report 2023
Feed Acidifiers Global Market Report 2023

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