Argentina Aquafeed Additives Market Size & Outlook

Feed acidifiers was the largest segment with a revenue share of 10.65% in 2022. Horizon Databook has segmented the Argentina 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.

The aquaculture industry in Argentina is in the developing stage and its activities are differentiated by the geographical area. Most of the aquaculture activities are carried out in Patagonia region of the country with pacu and trout being produced on a large scale. In addition, the production of farmed salmon is witnessing an increase across the nation due to the rapidly growing aquaculture. It is a major exporter of seafood to countries such as China, Italy, and Germany among others.

As the demand for Argentine red shrimp continues to ascend globally, this species has become the utmost valuable export product in the country. This is likely to foster the demand for aquafeed additives in the extended run. The development of aquaculture coupled with the rising international export of seafood has led to an increase in the demand for aquafeed and aquafeed additives in the country. As aquaculture greatly relies on the health of aquatic animals, the demand for feed additives has increased in order to provide the necessary nutrients and maintain the health of these animals.