Mexico Aquafeed Additives Market Size & Outlook, 2022-2030
Mexico aquafeed additives market, 2017-2030 (US$M)
Related Markets
Mexico aquafeed additives market highlights
- The Mexico aquafeed additives market generated a revenue of USD 75.9 million in 2022 and is expected to reach USD 99.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.5% 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 75.9 million |
| Market revenue in 2030 | USD 99.8 million |
| Growth rate | 3.5% (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, Mexico accounted for 3.5% 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 North America, U.S. aquafeed additives market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 75.2 million by 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.
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.
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.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Mexico Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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