Indonesia Aquafeed Additives Market Size & Outlook

Feed acidifiers was the largest segment with a revenue share of 10.7% in 2022. Horizon Databook has segmented the Indonesia 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.

Aquaculture industry in the region is growing on account of increasing seafood consumption. The aquaculture in the region is diverse and characterized by freshwater, marine water, inland, offshore, and brackish water. The freshwater cultured species include such as pangasius, tilapia, catfish, common carp, and others.

In marine culture, it produces some high-value products such as seabass, pompano, grouper, seaweed, and mollusks. The country is also a major seafood exporter with major species of shrimp and seaweed. The government is taking initiatives to boost shrimp aquaculture, which is expected to increase exports and contribute to the economic development of the country. Increasing seafood consumption coupled with growing exports has given rise to the demand for aquaculture in the country.

This has resulted in an increased demand for aquafeed, which, in turn, has propelled the growth of the aquafeed additives market in the country. Fishmeal and fish oil are the majorly used ingredients in feed production across the country. A major percentage of these ingredients are imported from other countries. To reduce dependency on imports, the country is focusing on alternate feed ingredients such as soybean meal, palm kernel meal, copra meal, duckweed, shrimp head meal, and algae-based meal.