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The aquafeed additives market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Aquafeed Additives Market Size In 2022 And Forecast
The global aquafeed additives market is expected to grow from $1.43 billion in 2021 to $1.49 billion in 2022 at a compound annual growth rate (CAGR) of 4.46%. The global aquafeed additives market size is expected to reach $1.86 billion in 2026 at a compound annual growth rate (CAGR) of 5.56%.

The aquafeed additives market consists of sales of aquafeed additives products by entities (organizations, sole traders, and partnerships) that are used for improving the quality of aqua species by protecting the physical and chemical quality of their diet.

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Rise In Consumption And Demand For Seafood Is Driving The Growth Of The Aquafeed Additives Market
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, with 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.

Competitive Landscape And The Regional Analysis Of The Aquafeed Additives Market
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.

Additionally, as per TBRC’s research – North America was the largest region in the aquafeed additives market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Aquafeed Additives Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the aquafeed additives market.

Developing Innovative Product – A Key Trend In The Aquafeed Additives Market
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.

Aquafeed Additives Market Segmentation By The Business Research Company

1) By Source: Animal, Microorganisms, Plant

2) By Ingredient: Anti-Parasitic, Feed Acidifiers, Prebiotics, Essential Oils and Natural Extracts, Palatants, Others

3) By Application: Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, Others

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