UK Aquafeed Additives Market Size & Outlook, 2022-2030
UK aquafeed additives market, 2017-2030 (US$M)
Related Markets
UK aquafeed additives market highlights
- The UK aquafeed additives market generated a revenue of USD 34.8 million in 2022 and is expected to reach USD 50.9 million by 2030.
- The UK market is expected to grow at a CAGR of 4.9% 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 34.8 million |
| Market revenue in 2030 | USD 50.9 million |
| Growth rate | 4.9% (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, UK accounted for 1.6% 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 11.21% in 2022. Horizon Databook has segmented the UK 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.
In the UK, Atlantic salmon is produced on a large scale especially in Scotland, which contributes highly to the aquaculture harvest value of the country. In addition, the country produces substantial amounts of farmed shellfish, mainly in Shetland. In some regions including Northern Ireland, England, and Wales, shellfish such as mussels and oysters as well as trout are being produced on a large scale.
The increasing production level of different types of aquafeed is expected to positively impact the market growth in the coming years. Feeds for various species such as salmon and trout majorly constitute both fishmeals, including fish byproducts and dried fish, as well as fish oil. Fish oil is essential to fulfill the nutritional requirements of the fish as well as the consumers.
Both fishmeal and fish oil are finite resources and with the growing aquaculture sector, their supply is becoming increasingly restricted as well as unsustainable. Alternative ingredients are now being used in the form of protein concentrates, vegetable oils, and soya beans across the country.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK aquafeed additives market size, by ingredients, 2017-2030 (US$M)
UK Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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