The global Aqua Feed Additives market (Markt für Futterzusätze für Aquakulturen) is expected to reach a valuation of USD 1.8 billion by the year 2024, accelerating with a CAGR of 5.5% by 2024 to 2034.
In recent years, the aqua feed additives sector has witnessed dynamic growth driven by advancements in aquaculture practices and evolving consumer demands for sustainable and nutritionally enhanced seafood products. Key trends shaping the market indicates a growing emphasis on specialty applications of aqua feed additives, particularly in enhancing the health, growth, and overall productivity of aquatic species.
Probiotics and prebiotics, for example, are increasingly utilized to optimize gut health and improve nutrient absorption in fish like salmon, shrimp, and tilapia, thereby boosting their resilience to diseases and environmental stressors.
Manufacturers are responding to these demands by innovating with targeted formulations tailored to specific aquaculture species. This customization not only ensures precise nutrient delivery but also aligns with regulatory shifts towards reduced antibiotic use and sustainable farming practices.
Increased understanding of bioavailability in these compounds is another important driver of the aqua feed additives market size. As a result, aqua feed additives manufacturers are increasing production of direct mineral supplements to suit end-user demand.
The trade of fish and aquaculture products plays a significant role in expanding fish consumption and building a global market for aqua feed additives by connecting various worldwide suppliers and manufacturers.
As adaptive pathogens can be infected by a variety of stress factors, including poor nutritional status, sales of aqua feed additive are on the rise. Antibiotics are also used to treat diseases such as red pest disease, which drives up demand for aquaf eed additives around the world.
The growing demand for high-protein diets is presenting excellent growth opportunities for the aqua feed additives market, particularly in emerging economies like Brazil, India, and China, where per capita income is rapidly rising, resulting in increased sales of aqua feed additives.
“Key market players are investing much in R&D in order to introduce new products and obtain a competitive advantage. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.”- Lead Analyst at FMI.
Competition Landscape of Aqua feed Additives Market
Key players operating in the global aqua feed additives market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.
Some of the leading companies in aqua feed additives market are Cargill, Inc., NK Ingredients Pte. Ltd., Beneo GmbH, Dibaq A.S., Nutreco N.V., Evonik Industries, Biomar A/S, Growel Feeds, Coppens International B.V., Aker Biomarine and others.
For Instance
- In April 2023, global ingredient manufacturing company Kemin Industries launched the new Pathorol™ brand to help the shrimp farming industry in Asian countries. According to the company products from the brand are developed to promote pancreatic health and to reduce the effects of infection from parasites.
- Skretting a sister of Nutreco N. V. introduced a new aqua feed formulation AmiNova with extensive research and development results to create new products that help to improve the digestive health of aquatic animals.
Leading Manufacturers
- Cargill Incorporated
- NK Ingredients Pte. Ltd.
- Beneo GmbH
- Dibaq A.S.
- Nutreco N.V.
- Evonik Industries
- Biomar A/S
- Growel Feeds
- Coppens International B.V.
- Aker Biomarine
- Others
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Aqua Feed Additives Market by Category
By Additives Type, Aqua Feed Additives Market is Segmented as:
- Amino Acids
- Vitamins
- Minerals
- Antibiotics
- Acidifiers
- Binders
- Antioxidants
- Prebiotics
- Palatants
- Others
By Species Type, Aqua Feed Additives Market is Segmented as:
- Crustaceans
- Catfish
- Salmonids
- Carp
- Tilapia
- Mollusks
- Mullet
By Ingredient, Aqua Feed Additives Market is Segmented as:
- Corn
- Soybean
- Fish Oil
- Peas
- Sunflower Seed
- Others
By Region, Aqua Feed Additives Market is Segmented as:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
About Future Market Insights (FMI)
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