Saudi Arabia Aquafeed Market Size & Outlook, 2022-2030
Saudi Arabia aquafeed market, 2018-2030 (US$M)
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Saudi Arabia aquafeed market highlights
- The Saudi Arabia aquafeed market generated a revenue of USD 588.2 million in 2022 and is expected to reach USD 764.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.3% from 2023 to 2030.
- In terms of segment, amino acid was the largest revenue generating additives in 2022.
- Feed Acidifiers is the most lucrative additives segment registering the fastest growth during the forecast period.
Aquafeed market data book summary
| Market revenue in 2022 | USD 588.2 million |
| Market revenue in 2030 | USD 764.3 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Amino acid |
| Fastest growing segment | Feed Acidifiers |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Antibiotics, Vitamins, Antioxidants, Amino Acid, Feed Enzymes, Feed Acidifiers |
| Key market players worldwide | Cargill, Biomarin Pharmaceutical Inc, Ridley Corp Ltd, Alltech, Charoen Pokphand Foods PCL Shs Foreign Registered, Avanti Feeds, Aller Aqua, Beneo, Aker BioMarine, Skretting, Purina Mills, Dibaq Group, Benchmark Holdings PLC, Biostadt, Waterbase |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.8% of the global aquafeed market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia aquafeed market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 764.3 million by 2030.
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Aquafeed Market Scope
Aquafeed Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia aquafeed market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aquafeed market will help companies and investors design strategic landscapes.
Amino acid was the largest segment with a revenue share of 32.81% in 2022. Horizon Databook has segmented the Saudi Arabia aquafeed market based on antibiotics, vitamins, antioxidants, amino acid, feed enzymes, feed acidifiers covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Saudi Arabia aquafeed market databook
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Our clientele includes a mix of aquafeed market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia aquafeed market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia aquafeed market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia aquafeed market size, by additives, 2018-2030 (US$M)
Saudi Arabia Aquafeed Market Outlook Share, 2022 & 2030 (US$M)
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