Spain Aquafeed Additives Market Size & Outlook, 2022-2030
Spain aquafeed additives market, 2017-2030 (US$M)
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Spain aquafeed additives market highlights
- The Spain aquafeed additives market generated a revenue of USD 46.6 million in 2022 and is expected to reach USD 64.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.2% 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 46.6 million |
| Market revenue in 2030 | USD 64.9 million |
| Growth rate | 4.2% (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, Spain accounted for 2.2% 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 11.16% in 2022. Horizon Databook has segmented the Spain 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 sector is widely diversified in terms of species and farming technologies. The commonly produced species in Spain include European sea bass, gilthead sea bream, and rainbow trout. The fish processing industry is one of the major industries in the region consisting of mediumsized companies engaged in canning.
The feed used in aquaculture farms across the country is almost entirely of extruded type and has been developed domestically. In addition, the country is also a major consumer of frozen seafood products in the European region. Growing aquaculture coupled with increasing seafood consumption has driven the growth of the aquafeed market in the region, which, in turn, has propelled the growth of aquafeed additives in the country.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
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Spain aquafeed additives market size, by ingredients, 2017-2030 (US$M)
Spain Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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