Norway Aquafeed Additives Market Size & Outlook, 2022-2030

Feed acidifiers was the largest segment with a revenue share of 10.93% in 2022. Horizon Databook has segmented the Norway 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 Norway is growing significantly due to the growing production level of farmed salmon. The country is the major producer as well as exporter of Atlantic salmon due to the presence of optimum conditions for its production. The major importing countries include Denmark and Poland. Apart from salmon, other species being cultured in the country include rainbow trout and mussels.

Norway is also a key seafood consumer as well as exporter which would lead to increased demand for aquafeed additives across the country over the forecast period. Industry players are now turning towards land-based farming systems in the country. Moreover, the rising seafood exports coupled with technological advancement has propelled the growth of aquaculture which, in turn, has fueled the demand for feed additives in the country.

The major ingredients in feed include fish meal and fish oil, being used on a large scale, leading to a significant rise in prices. Thus, industry players are opting for alternative ingredients which would have minimal effect on fish health, growth rate, and the quality of the final product. Thereby, the aforementioned factors are anticipated to trigger the demand for aquafeed additives market in the coming years.