Mexico Aquafeed Additives Market Size & Outlook, 2022-2030

Feed acidifiers was the largest segment with a revenue share of 12.38% in 2022. Horizon Databook has segmented the Mexico 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.

In Mexico, shrimp and tilapia are extensively produced due to the availability of raw materials at low prices and higher product demand across the country. The country has over 2,400 commercial fish farms and more than 800 self-consumption units. A majority number of production centers are located at Veracruz and are involved in producing tilapia, while shrimp farms are mainly located in the Sinola region.

Freshwater fish farming is carried out on a large scale in the country with increased processing of high-value species such as trout and indigenous whitefish. Supermarkets and markets are the most important distribution channels for the sale of fish and fishery products in Mexico. La Nueva Viga is the largest seafood market in the country. Mercado del Mar (Sea Market) in Zapopan, Jalisco, is another major point of sale for seafood in Mexico and plays a key role in the distribution of shrimp in the center and north of the country.

The aquaculture industry in Mexico is in the development stage and therefore grabs various investment opportunities. In addition, numerous species such as shrimp, lobster, clams, and abalone are having greater growth and expansion possibilities. The growing demand for various types of aquafeed in the country is likely to boost the growth of the market over the forecast period.