North America Aquafeed Additives Market Size & Outlook

Feed acidifiers was the largest segment with a revenue share of 12.2% in 2022. Horizon Databook has segmented the North America 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 North America is projected to witness significant growth on account of the rising consumption of seafood in countries such as the U.S. and Canada. The increasing consumption of species such as salmonids and mollusks, hard clams, oysters, and mussels are substantially contributing to the growth of the industry. 

Factors challenging the growth of the aquaculture industry in the region include restrictions on effluent discharge and access to fresh water. However, these challenges can be overcome by strengthening the production level in offshore water bodies and recirculating systems. 

The rising demand for aquaculture produced seafood can be attributed to a decline in the production of wild fishery along with increased daily consumption of seafood across the region. The climatic conditions in the region are suitable for the growth of various aquaculture species such as crustaceans and catfish.