Canada Aquafeed Additives Market Size & Outlook, 2022-2030

Feed acidifiers was the largest segment with a revenue share of 12.24% in 2022. Horizon Databook has segmented the Canada 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 aquafeed additives market in Canada is steadily growing due to the rising demand for fish-based products. Salmon feeds constitute a substantial amount of fish oil and fish meal, which are concentrated products made from many small ocean fish that hamper the ecological balance of marine life. The country is a prominent manufacturer of aquaculture feed and exports majority of the products to the U.S. as well as to other countries across the world.

It accounts for large-scale harvesting of farmed salmon, which is also one of the majorly exported seafood products. Insects being a natural source of protein and fat for fish, including salmon and trout are being used as an alternative for fish meals in the country.

In addition, the use of naturally sourced camelina oil as a feed ingredient for salmon and trout has been approved by the CFIA as an alternative for fishmeal and fish oil. Increasing development in aquaculture, coupled with innovation in feed products, is expected to augment the demand for aquafeed additives in the country.