Chile Aquafeed Additives Market Size & Outlook, 2022-2030

Feed acidifiers was the largest segment with a revenue share of 10.58% in 2022. Horizon Databook has segmented the Chile 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 Chile is driven by the growing demand for different aquafeed such as Atlantic salmonids, mussels, rainbow trout, and scallops among others. Aquaculture is one of the most dynamic and prosperous activities in Chile Aquaculture in Chile majorly constitutes of Atlantic salmonids followed by rainbow trout, mussels, and scallops on a minimal level. In addition, the country is a major exporter of salmon worldwide with the U.S., Japan, and Brazil being the main importing countries.

Even after a setback in salmon farming due to the infectious salmon anemia (ISA) disease, salmon aquaculture experienced significant growth in Chile due to better implementation of technology and rising government interest in the sector. The country is one of the major producers of fishmeal and fish oil which is used as a feed ingredient for salmon feed. This has resulted in the depletion of marine stock in the oceans.

In addition, large-scale use of fish meal and fish oil has resulted in an upsurge in the prices of these feed ingredients. As a result, many industry players are focusing on alternatives that can be used as feed ingredients. This is anticipated to trigger the market demand for aquafeed additives over the forecast period.