Brazil Aquafeed Additives Market Size & Outlook, 2022-2030
Brazil aquafeed additives market, 2017-2030 (US$M)
Related Markets
Brazil aquafeed additives market highlights
- The Brazil aquafeed additives market generated a revenue of USD 81.2 million in 2022 and is expected to reach USD 118.4 million by 2030.
- The Brazil 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 81.2 million |
| Market revenue in 2030 | USD 118.4 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, Brazil accounted for 3.8% 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 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.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Brazil Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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