Brazil Aquafeed Additives Market Size & Outlook, 2022-2030

Feed acidifiers was the largest segment with a revenue share of 11.82% in 2022. Horizon Databook has segmented the Brazil 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 Brazilian aquaculture is one of the fastest-growing industries after Chile in Central & South America due to the presence of favorable climatic conditions, soil type, and water resources. It is mainly characterized by the large-scale production of farmed shrimp and tilapia species. Farmers in the country use fertilizers in the early phases and formulate feed during growth and finishing.

Booming aquaculture has resulted in a rise in the demand for aquafeed additives in the country. The country has an adequate supply of raw materials and products used for feed formation. The commonly used ingredients include soybean meal & oil, yellow corn grains, corn gluten meal, sorghum, wheat & its by-products, cottonseed meal, vitamins, and minerals.

Wheat is often used in the feed for shrimps across the country due to its binding properties and the ability to function as a source of carbohydrate. Fish oil and fishmeal are also used on a large scale in the formulation of feed for shrimps.