Global Aquafeed Additives Market Size & Outlook
Global aquafeed additives market, 2017-2030 (US$M)
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Global aquafeed additives market highlights
- The global aquafeed additives market generated a revenue of USD 2,159.0 million in 2022 and is expected to reach USD 3,017.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.3% by 2030.
- In terms of segment, feed acidifiers accounted for a revenue of USD 243.3 million in 2022.
- Essential Oil & Natural Extracts is the most lucrative ingredients segment registering the fastest growth during the forecast period.
- In terms of region, Latin America was the largest revenue generating market in 2022.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 2,159.0 million |
| Market revenue in 2030 | USD 3,017.6 million |
| Growth rate | 4.3% (CAGR from 2022 to 2030) |
| Largest segment | Feed acidifiers |
| Fastest growing segment | Essential Oil & Natural Extracts |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Parisitic, Feed Acidifiers, Prebiotics, Essential Oil & Natural Extracts, Palatants |
Other key industry trends
- In terms of revenue, the North America accounted for 22.1% of the global aquafeed additives market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 22.2 million by 2030.
Feed acidifiers was the largest segment with a revenue share of 11.27% in 2022. Horizon Databook has segmented the Global aquafeed additives market based on anti-parisitic, feed acidifiers, prebiotics, essential oil & natural extracts, palatants covering the revenue growth of each sub-segment from 2017 to 2030.
Aquafeed additives are a rich source of omega-3 fatty acids and proteins. They improve the nutritive value of the feed and offer several benefits including increased protein digestibility, augmented growth rate, enhanced feed conversion, reduced mortality of aquatic species, and improved immunity system. Protein demand is observing a surge due to growing consumer awareness regarding the consumption of food with high nutritive value. Increasing number of consumers in Asia Pacific has led to a high demand for protein sourced from animals (including fish).
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
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Global aquafeed additives market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Aquafeed additives market size, 2022 (USD Million)
Top 10 countries: Aquafeed additives market size, 2022 (USD Million)
Global aquafeed additives market, by region, 2022 (US$M)
Related regional statistics
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