South Africa Aquafeed Additives Market Size & Outlook
South Africa aquafeed additives market, 2017-2030 (US$M)
Related Markets
South Africa aquafeed additives market highlights
- The South Africa aquafeed additives market generated a revenue of USD 17.9 million in 2022 and is expected to reach USD 22.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.8% 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 17.9 million |
| Market revenue in 2030 | USD 22.2 million |
| Growth rate | 2.8% (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, South Africa accounted for 0.8% 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 Middle East & Africa, Egypt aquafeed additives market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 80.3 million by 2030.
Feed acidifiers was the largest segment with a revenue share of 10.61% in 2022. Horizon Databook has segmented the South Africa 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 South Africa comprises freshwater and marine aquaculture. Freshwater species currently being cultivated in the country include Rainbow trout and brown trout, Ornamental fish (such as Koi carp), African sharp tooth catfish, Mozambique and Nile tilapia, and Common carp.
Rainbow trout are being produced on a large scale in the country and the major trout species cultured include Salmo trutta and Oncorhynchus mykiss. Various technologies are used for the cultivation process such as raceway, pond, cage culture, and recirculating systems.
The South African government is taking several initiatives to promote aquaculture in the country. One such initiative is Aquaculture Development and Enhancement Program (ADEP), which has been made available for establishments undertaking both fresh and marine water aquaculture activities.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa aquafeed additives market size, by ingredients, 2017-2030 (US$M)
South Africa Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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