- Amino acids
- Feed Acidifiers
Aquafeed Additives Market size was valued at USD 86 billion in 2021 and is expected to reach USD 122.3 billion by 2028, at a CAGR of 4.5% during the forecast period 2022-2028. Aquafeed additives are the nutritive or non-nutritive ingredients that are added in trace amounts (alone or in combination) for a specific purpose, such as to improve the quality of a fish as a final product and to preserve the physical and chemical quality of the diet and to assist the growth of the fish with the help of growth promoters such as antibiotics and hormones. These are also used in facilitating feed ingestion and also increases the consumer acceptance of the products as it contains essential nutrients in purified form. In recent days, these are used to reduce the diseases that are occurring aquatic animals due the rise in environmental pollution.
Fastest Growing Market
Increase in consumption and demand for the seafood are the major driving factors for the growth of the market over the forecasted period. In addition, government initiatives for the development of products and investments by the major companies in new product development in local and international market to expand their portfolio expected to offer significant growth for the aquafeed additives market. However, strict environmental regulations regarding the fish catching process expected to restrain the growth of the aquafeed additives market
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.