France Aquafeed Additives Market Size & Outlook, 2022-2030
France aquafeed additives market, 2017-2030 (US$M)
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France aquafeed additives market highlights
- The France aquafeed additives market generated a revenue of USD 29.4 million in 2022 and is expected to reach USD 42.3 million by 2030.
- The France market is expected to grow at a CAGR of 4.7% 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 29.4 million |
| Market revenue in 2030 | USD 42.3 million |
| Growth rate | 4.7% (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, France accounted for 1.4% 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 Europe, Norway aquafeed additives market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 50.9 million by 2030.
Feed acidifiers was the largest segment with a revenue share of 11.22% in 2022. Horizon Databook has segmented the France 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 rising income and consumption of seafood are key factors responsible for growing the demand for aquaculture in France. Seafood is an excellent source of various minerals and vitamins. Moreover, seafood assists in maintaining a healthy diet as it is free from carbohydrates and helps protect humans from heart diseases.
Thus, increasing demand for aquatic animals has led to an increased need for functional feed required to promote the health and growth of these animals. Key manufacturers in the country are consistently engaged in developing innovative feed ingredients based on natural raw materials and additives such as fish oil and other natural sources.
The country has undertaken several initiatives to promote research activities and develop innovative feed additives. AQUAEXCEL2020 is a Horizon 2020 research infrastructure project established to develop the aquaculture sector in Europe. The project Aqua excel 2020 aims at promoting the growth of aquaculture in the country.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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France aquafeed additives market size, by ingredients, 2017-2030 (US$M)
France Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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