Argentina Aquafeed Additives Market Size & Outlook
Argentina aquafeed additives market, 2017-2030 (US$M)
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Argentina aquafeed additives market highlights
- The Argentina aquafeed additives market generated a revenue of USD 65.7 million in 2022 and is expected to reach USD 95.4 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, feed acidifiers was the largest revenue generating ingredients in 2022.
- Essential Oil & Natural Extracts is the most lucrative ingredients segment registering the fastest growth during the forecast period.
Aquafeed additives market data book summary
| Market revenue in 2022 | USD 65.7 million |
| Market revenue in 2030 | USD 95.4 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Feed acidifiers |
| Fastest growing segment | Essential Oil & Natural Extracts |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Parisitic, Feed Acidifiers, Prebiotics, Essential Oil & Natural Extracts, Palatants |
| Key market players worldwide | Aker ASA Class A, Nutrien Ltd, Rexel SA, Lallemand, Alltech, Kemin Industries, Nouryon, DuPont de Nemours Inc, Biorigin, Calamos Evolving World Growth A |
Other key industry trends
- In terms of revenue, Argentina accounted for 3.0% of the global aquafeed additives market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Chile aquafeed additives market is projected to lead the regional market in terms of revenue in 2030.
- Chile is the fastest growing regional market in Latin America and is projected to reach USD 301.5 million by 2030.
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.
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.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
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Argentina aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Argentina Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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