Egypt Aquafeed Additives Market Size & Outlook, 2022-2030

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. Aquafeed production is growing substantially in the country owing to increased aquaculture activities. Manufacturers are using ingredients such as fishmeal, meat meal, and maize for feed production.

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.