Europe Aquafeed Additives Market Size & Outlook, 2022-2030
Europe aquafeed additives market, 2017-2030 (US$M)
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Europe aquafeed additives market highlights
- The Europe aquafeed additives market generated a revenue of USD 432.7 million in 2022.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 432.7 million |
| Market revenue in 2030 | USD 602.3 million |
| Growth rate | 4.2% (CAGR from 2022 to 2030) |
| Largest segment | Feed acidifiers |
| Fastest growing segment | Essential Oil & Natural Extracts |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 20.0% of the global aquafeed additives market in 2022.
- Globally, Latin America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,166.6 million by 2030.
Feed acidifiers was the largest segment with a revenue share of 11.21% in 2022. Horizon Databook has segmented the Europe 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 industry is growing significantly across European countries especially the UK, France, Italy, and Spain. The main groups of reared aquaculture species include marine fish, freshwater fish, bivalves, and salmonids.
The demand for aquafeed additives in the region has increased rapidly over the past decade mainly on account of the expanding marine aquaculture in countries such as Norway, Denmark, and Ireland. The improving environmental management along with drastic increase in the efficiency of feed and nutrient consumption has aided the growth of the aquafeed additives market in the region.
The presence of fish breeding bases in Western Europe coupled with the growing popularity of mussels as a cheaper source of protein is anticipated to supplement the aquafeed additives market growth over the forecast period.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
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Europe aquafeed additives market size, by country, 2017-2030 (US$M)
Europe Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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