Japan Aquafeed Additives Market Size & Outlook, 2022-2030
Japan aquafeed additives market, 2017-2030 (US$M)
Related Markets
Japan aquafeed additives market highlights
- The Japan aquafeed additives market generated a revenue of USD 17.3 million in 2022 and is expected to reach USD 23.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.1% 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 17.3 million |
| Market revenue in 2030 | USD 23.8 million |
| Growth rate | 4.1% (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, Japan accounted for 0.8% 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 Asia Pacific, China aquafeed additives market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 41.0 million by 2030.
Feed acidifiers was the largest segment with a revenue share of 10.98% in 2022. Horizon Databook has segmented the Japan 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 development of aquaculture sector in Japan can be attributed to continuous innovation and technological advancements in the past decade. The country is in the process of implementing an automation process for aquaculture.
For instance, Nippon Suisan Kaisha, a Japan-based marine products company, uses robotics to feed silver salmon. In addition, the company was granted a patent for its feeding method and system for farmed fish in 2015.
It is a major consumer of seafood and accounts for high fish consumption rates. The consumption of fish in the country comprises fresh as well as chilled products including salmon, tuna, sea bream, and yellowtail in addition to fillets and other canned products.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Japan Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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