Global Aquafeed Additives Market by Ingredient (Palatants, Prebiotics, Feed Acidifiers, Anti-Parasitic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global aquafeed additives market was worth USD 2.0 billion in 2018. It is forecast to grow at 3.2% CAGR over the forecast period. In emerging economies, aquafeed additives such as palatants or feed acidifiers are in high demand. This will in turn support market growth.

These countries have experienced a boom in their fisheries due to the availability of large-scale fish farming and favorable climatic conditions. The market will continue to grow due to the acceptance of aquafeed that contains prebiotics, essential oils, natural extracts, palatants and feed acidifiers.

Oodinium and Costia parasites can cause fish to develop velvet. This is also known by the name slime disease. Parasites that can cause harm to fish include Eubothrium, Argulus foliaceus and Argulus coregoni. These parasites can be controlled by antiparasitics.

To improve feed quality and prevent parasite-related infections in fish, antiparasitics can be used in aquafeed. Because of the limited number of licensed products that are resistant to parasites, controlling parasitic infection in fish farming can be very difficult.

Aquafeed additives provide a rich source for proteins and omega-3 fat acids. These additives can be added to aquafeed to increase the nutritive value and provide benefits like an augmented growth rate and protein digestibility, enhanced feed convertibility, better immunity system, and decreased mortality of aquatic species. Aquafeed manufacturers are expected to increase awareness about the nutritional benefits of aquafeed additives rich in protein. This will drive demand for these additives.

Ingredient Insights

The FDA's tendency to restrict antibiotic use and increasing focus on animal health management will likely have a positive impact on the demand for aquafeed additives feed acidifiers. Feed acidifiers have many benefits, including an augmented growth rate and enhanced protein digestibility. They also improve feed conversion, immune response, mortality reduction, and resource efficiency in aquaculture.

Phytogenic feed ingredients are natural additives that come from the roots, leaves and spice fruits of herbs or plants. You can either purchase them in dried/solid/ground or essential oil forms. Aquaculture Center of Applied Animal Nutrition has confirmed that essential oils derived mainly from anise and citrus peel have a positive impact on the growth performance of Red tilapia catfish and Pangasius catfish.

For improving feed performance, protein hydrolysates can be an important source of nutrients. As an aquafeed palatability enhancer, salmon protein hydrolysate can be used. Dietary shrimp hydrolysates promote growth in fish and are antimicrobial to combat aquaculture pathogens.

Application Insights

Because of their health benefits, carps are widely cultivated. Carps are rich in low-fat protein as well as omega-3 fatty acid. Carp farming will be boosted by the increasing importance of omega-3 fat acids in food and beverage industries due to their ability to lower cholesterol. These factors will fuel aquafeed additives demand for carp applications and help to grow the overall market.

To enhance feed quality, Aquafeed additives are used to increase trout feed quality. These include microbial phytose, which releases phosphorus from plant protein concentrates and astaxanthin, which is used for fillet pigmentation. For increasing feed intake, other additives can also be used. To enhance feeds containing rapeseed protein concentrate, betaine can be added.

Europe, North America and Japan are the key markets for Atlantic salmon farmed from Atlantic. The demand for aquafeed additives will increase due to the rising importance of salmon for human consumption.

Aquafeed will be more important than ever due to the increasing production of tilapia species. They are known for their high protein, high growth rate, large sizes, palatability, and fast growth rate. These favorable factors regarding the promotion of tilapia farming are expected to increase aquafeed market demand in this segment. This is also predicted to positively impact the aquafeed market growth for the forecast period.

Regional Insights

Due to rising seafood consumption in countries like the U.S., Canada and other parts of the world, the North American aquaculture market will see significant growth. Market growth is largely due to the increasing consumption of species like salmonids as well as mollusks such hard clams, oysters and mussels.

The North American aquaculture market serves both domestic and international markets. The rising demand for aquaculture-produced seafood is due to both a shortage in wild fishery production and an increase in seafood consumption as part of the regional diet.

Due to the expansion of marine aquaculture in Ireland, Denmark, Norway and Norway, the demand for aquafeed ingredients in Europe has increased dramatically over the past decade. The market for aquatic feed additives has seen significant growth due to improvements in feed efficiency and nutrient intake, as well as improved environmental management.

Over the forecast period, the European aquaculture market will drive demand for aquafeed ingredients. As a source for inexpensive protein, mussels are gaining popularity in the region. Additionally, there are fish breeding centers in Western Europe that will likely boost the growth of the aquafeed additives market.

Market Share Insights & Key Companies

Major producers are the key players in this market. They are known as leaders because they are constantly engaged in R&D activities that relate to the products and market. This prepares them for the many changes and challenges ahead. Aquafeed manufacturers are increasingly choosing organic and natural feeds due to growing demand. The market's key players include Nutriad, Olmix Group, Lallemand, Inc., Kemin Industries, Inc., Biorigin, Nouryon, DuPont de Nemours, Inc., Delacon, Camlin Fine Sciences Ltd., Phileo By Lesaffre, Diana Group, Alltech; Norel S.A., Calanus AS, and Aker Biomarine.

Aquafeed Additives Market Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis of industry trends in each sub-segment from 2014 to 2025. Grand View Research segmented this report on aquafeed additives market based on ingredients, applications, and regions:

• Ingredient Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Anti-Parasitic

  • Feed Acidifiers

  • Prebiotics

  • Essential Oils & Natural Extracts

  • Palatants

    • Hydrolysates

    • Yeast Extracts

  • Other

• Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Carp

  • Rainbow Trout

  • Salmon

  • Crustaceans

  • Tilapia

  • Catfish

  • Sea Bass

  • Grouper

  • Other

• Regional Outlook (Volume of Kilo Tons; Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • Spain

    • Norway

    • U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • Indonesia

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

    • Ecuador

    • Chile

  • Middle East & Africa

    • Egypt

    • Iran

    • South Africa

    • Nigeria

These are the most frequently asked questions about this report

b. The market for aquafeed additives was valued at USD 2.08 billion in 2019, and is forecast to grow to USD 2.14 billion by 2020.

b. Global aquafeed additives market will grow at a compound annual rate of 3.2% between 2019 and 2025, reaching USD 2.52 billion in 2025.

b. With a 37.3% share in 2019, Asia Pacific was the dominant region in aquafeed additives. This can be attributed to the large-scale production of fishery in China and growing adoption of modern fish farming techniques such as those in India or Indonesia.

b. b.

b. Market growth is driven by increasing demand for high-protein foods and an increase in direct human consumption of fish products and fish.

Up Market Research published a new report titled “Aquafeed Additives Market research report which is segmented by Ingredient (Palatants, Prebiotics, Feed Acidifiers, Anti-Parasitic), By Players/Companies Inc; Delacon; Camlin Fine Sciences Ltd; Phileo by Lesaffre; Diana Group; Alltech; Norel SA; Calanus AS; and Aker Biomarine, Nutriad; Olmix Group; Lallemand, Inc; Kemin Industries, Inc; Biorigin; Nouryon; DuPont de Nemours”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Aquafeed Additives Market Report Segments:

The market is segmented by Ingredient (Palatants, Prebiotics, Feed Acidifiers, Anti-Parasitic).

Aquafeed Additives Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Aquafeed Additives Market

Overview of the regional outlook of the Aquafeed Additives Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Aquafeed Additives Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Aquafeed Additives Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Palatants

                2. Prebiotics

                3. Feed Acidifiers

                4. Anti-Parasitic

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Aquafeed Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Aquafeed Additives Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.