South Africa Aquafeed Additives Market Size & Outlook

The aquafeed additives market in South Africa is expected to reach a projected revenue of US$ 22.2 million by 2030. A compound annual growth rate of 2.8% is expected of South Africa aquafeed additives market from 2023 to 2030.

Revenue, 2022 (US$M)
$17.9
Forecast, 2030 (US$M)
$22.2
CAGR, 2023 - 2030
2.7%
Report Coverage
South Africa

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 2022USD 17.9 million
Market revenue in 2030USD 22.2 million
Growth rate2.8% (CAGR from 2022 to 2030)
Largest segmentFeed acidifiers
Fastest growing segmentEssential Oil & Natural Extracts
Historical data2017 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAnti-Parisitic, Feed Acidifiers, Prebiotics, Essential Oil & Natural Extracts, Palatants
Key market players worldwideAker 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. The key production areas for freshwater species in South Africa include Limpopo, North West, Mpumalanga, the Free State, Kwa-Zulu Natal, and Western Cape provinces.


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. Apart from trout, Tilapia species are being widely cultivated in the country mostly by small-scale farmers by employing recirculation and pond culture 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 segmentation & scope
Anti-Parisitic
Feed Acidifiers
Prebiotics
Essential Oil & Natural Extracts
Hydrolysates
Yeast Extracts
Others
Carp
Rainbow Trout
Salmon
Crustaceans
Tilapia
Catfish
Seabass
Groupers
Others

Aquafeed Additives Market Companies

Name Profile # Employees HQ Website

South Africa aquafeed additives market size, by ingredients, 2017-2030 (US$M)

South Africa Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)

South Africa aquafeed additives market size, by ingredients, 2017-2030 (US$M)

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