Egypt Aquafeed Additives Market Size & Outlook, 2022-2030
Egypt aquafeed additives market, 2017-2030 (US$M)
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Egypt aquafeed additives market highlights
- The Egypt aquafeed additives market generated a revenue of USD 61.6 million in 2022 and is expected to reach USD 80.3 million by 2030.
- The Egypt market is expected to grow at a CAGR of 3.4% 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 61.6 million |
| Market revenue in 2030 | USD 80.3 million |
| Growth rate | 3.4% (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, Egypt accounted for 2.9% 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 Middle East & Africa, Egypt aquafeed additives market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 80.3 million by 2030.
Feed acidifiers was the largest segment with a revenue share of 11.69% in 2022. Horizon Databook has segmented the Egypt 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 aquaculture sector in Egypt is growing significantly on the account of the abundant availability of raw material and large manufacturers. The majorly cultured species include tilapia, carp and mullet. The country is one of the major producers as well as consumers of seafood. The government is undertaking several to develop aquaculture in the region.
In 2019, the project Sustainable Transformation of Egypt's Aquaculture Market System was launched by the Egyptian government to increase the production of inexpensive, nutritious, and safe fish which, in turn, will contribute to the economy of the country.
The Denmark-based company Aller Aqua, which has a production unit in Egypt, manufactures and supplies aquafeed in the country. The company includes soy, fish oil, fishmeal, vegetable oils, sunflower, and corn as an ingredient for feed production. The growing presence of aquafeed manufacturers in the country is expected to propel market growth over the forecast period.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Egypt aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Egypt Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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