Aquafeed Additives Market Outlook, Competitive Strategies And Forecast By 2028

Aquafeed Additives Industry Overview

The global aquafeed additives market size was valued at USD 2.06 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.2% from 2021 to 2028.

The growth is attributed to the increased consumption of processed poultry, dairy, and aqua products. Moreover, the growing demand for quality meat and meat by-products is likely to have a positive impact on the market in the coming years. An outbreak of several diseases in livestock has increased concerns regarding meat quality and safety, which, in turn, is anticipated to drive the use of animal feed additives. Vitamins are extensively utilized as additives in animal feed formulations. Although vitamins are naturally present in the feed, additional supplements infused with vitamins to provide optimal nutrition are added to livestock feeds, thereby driving the demand for vitamins.

Gather more insights about the market drivers, restrains and growth of the Global Aquafeed Additives Market

The raw materials used to manufacture aquafeed additives include soybean cake, corn protein, fish oil, vitamins, fish bones, and minerals. Soybean is an important source of protein and amino acids for both human beings and livestock on account of its well-balanced amino acid profile. Consumer inclination toward healthy and nutritive products is driving the demand for soybean cakes, which, in turn, is driving the production of aquafeed. The demand for protein is high due to the growing consumer awareness regarding the consumption of foods with high nutritive value.

Increasing consumption has led to a high demand for protein sourced from animals (including fish), which is expected to propel the demand for fish food, thereby driving the market growth over the forecast period. Fish is a rich source of proteins and vitamins and thus, is primarily used for direct human consumption. Fish consumption has increased due to the growing availability of a variety of fish in the retail market. Thus, in turn, is likely to boost the demand for fish & fish products for direct human consumption in the coming years.

Browse through Grand View Research's Animal Feed and Feed Additives Industry Research Reports.

• Animal Nutrition Organic Acids Market: The global animal nutrition organic acids market size was estimated at USD 113.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. The market is anticipated to be driven by the growing animal feed industry. Increased utilization of organic acids in animal feed as a predominant substitute to traditional growth promoters is a key factor influencing market development across key geographies worldwide.

• Yeast Extracts For Animal Feed Market: The global yeast extracts for animal feed market size was valued at USD 298.3 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. The demand for the product is due to the shift in the trends towards naturally-derived materials in animal feed.

Aquafeed Additives Market Segmentation

Grand View Research has segmented the global aquafeed additives market on the basis of ingredients, application, and region:

Aquafeed Additives Ingredients Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Anti-parasitic

• Feed Acidifiers

• Prebiotics

• Essential Oils & Natural Extracts

• Palatants

• Others

Aquafeed Additives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Carp

• Rainbow Trout

• Salmon

• Crustaceans

• Tilapia

• Catfish

• Sea Bass

• Groupers

• Others

Aquafeed Additives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• North America

• Europe

• Asia Pacific

• Central & South America

• Middle East & Africa

Key Companies profiled:

Some prominent players in the Global Aquafeed Additives Market include

• Nutriad Inc.

• Olmix Group

• Lallemand Inc.

• Kemin Industries

• Nouryon

• DuPont de Nemours Inc.

• Biorigin

• AKER BIOMARINE

• Alltech

• Calanus AS

• Norel SA

• Diana Group

• Phileo by Lesaffre

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