Italy Aquafeed Additives Market Size & Outlook, 2022-2030
Italy aquafeed additives market, 2017-2030 (US$M)
Related Markets
Italy aquafeed additives market highlights
- The Italy aquafeed additives market generated a revenue of USD 23.1 million in 2022 and is expected to reach USD 32.7 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.4% 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 23.1 million |
| Market revenue in 2030 | USD 32.7 million |
| Growth rate | 4.4% (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, Italy accounted for 1.1% 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 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 11.69% in 2022. Horizon Databook has segmented the Italy 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.
Italy’s aquafeed additives market growing extensively on the account of the rising use of modern techniques and industrialization. Aquaculture is carried out along the Italian coasts, with greater density along the Adriatic coasts.
The production in the country is dominated by Japanese carpet shells, Mediterranean mussels, and rainbow trout. Growing consumption of sea bass, sea breams, and the White Sea breams is leading to a rise in the production of these species.
This has resulted in an increased demand for aquaculture as well as aquafeed in the country. The strong presence of market participants, such as BioMar, Nutreco, and Provimi among others, is further projected to bolster the product demand over the forecast period. In addition, several companies are using vegetable sources of protein such as soy, sunflower, and cereal glutens as well as oils in aquafeed in varying proportions.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Italy Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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