Iran Aquafeed Additives Market Size & Outlook, 2022-2030
Iran aquafeed additives market, 2017-2030 (US$M)
Related Markets
Iran aquafeed additives market highlights
- The Iran aquafeed additives market generated a revenue of USD 45.6 million in 2022 and is expected to reach USD 58.7 million by 2030.
- The Iran 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 45.6 million |
| Market revenue in 2030 | USD 58.7 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, Iran accounted for 2.1% 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 Middle East & Africa, Egypt aquafeed additives market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 80.3 million by 2030.
Feed acidifiers was the largest segment with a revenue share of 10.53% in 2022. Horizon Databook has segmented the Iran 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 the country is dominated by the production of rainbow trout, crabs, and shrimp. Most aquaculture production in Iran consists of freshwater species excluding marine shrimp production. The country is one of the key exporters of shrimps to Iraq, Kuwait, Lebanon, and the United Arab Emirates as well as European countries such as Spain, Italy, Norway, and Turkey.
The country is witnessing an upward trend in the consumption of seafood products. Fishmeal and fish oil are the main ingredients used in the production of fish feed in the country. Increasing seafood consumption coupled with exports are major drivers for the growth of aquaculture in the region.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
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Iran aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Iran Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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