Norway Aquafeed Additives Market Size & Outlook, 2022-2030
Norway aquafeed additives market, 2017-2030 (US$M)
Related Markets
Norway aquafeed additives market highlights
- The Norway aquafeed additives market generated a revenue of USD 182.9 million in 2022 and is expected to reach USD 247.4 million by 2030.
- The Norway market is expected to grow at a CAGR of 3.8% 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 182.9 million |
| Market revenue in 2030 | USD 247.4 million |
| Growth rate | 3.8% (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, Norway accounted for 8.5% 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 Europe, Norway aquafeed additives market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 50.9 million by 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.
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.
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Norway aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Norway Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
