Germany Aquafeed Additives Market Size & Outlook
Germany aquafeed additives market, 2017-2030 (US$M)
Related Markets
Germany aquafeed additives market highlights
- The Germany aquafeed additives market generated a revenue of USD 9.1 million in 2022 and is expected to reach USD 11.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.2% 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.
Aquafeed additives market data book summary
| Market revenue in 2022 | USD 9.1 million |
| Market revenue in 2030 | USD 11.7 million |
| Growth rate | 3.2% (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, Germany accounted for 0.4% 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 12.09% in 2022. Horizon Databook has segmented the Germany 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 in Germany is small and well-suited for specific areas such as the mountain foothills and South Germany. Traditional aquaculture species such as rainbow trout and common carp are cultivated in raceways, earthen ponds, and outdoor & indoor facilities.
The rising utilization of antibiotic growth promoters in aquafeed additives for shrimps and different types of fish, in order to improve their live weight gain, survival rate, and feed conversion ratio, is projected to drive the market over the forecast period.
However, increasing consumer awareness and stringent laws in major European countries regarding the harmful effects of antibiotics on humans is anticipated to drive the antibiotics segment at a sluggish rate.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Germany Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
