U.S. Aquafeed Additives Market Size & Outlook, 2022-2030
U.S. aquafeed additives market, 2017-2030 (US$M)
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U.S. aquafeed additives market highlights
- The U.S. aquafeed additives market generated a revenue of USD 349.8 million in 2022 and is expected to reach USD 481.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.1% 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 349.8 million |
| Market revenue in 2030 | USD 481.1 million |
| Growth rate | 4.1% (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, U.S. accounted for 16.2% 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 North America, U.S. aquafeed additives market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 75.2 million by 2030.
Feed acidifiers was the largest segment with a revenue share of 12.15% in 2022. Horizon Databook has segmented the U.S. 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 rising seafood consumption has led to the growth of the aquaculture industry in the U.S. Marine aquaculture includes shrimp and salmon, sea bream, sea bass, barramundi and molluscan shellfish (mussels, oysters, & clams). The country’s freshwater aquaculture majorly constitutes catfish and also includes bass, tilapia, and trout.
Freshwater aquaculture is mainly carried out on land in manmade systems such as recirculating aquaculture systems as well as ponds. Most of the catfish in the U.S. is farmed in Mississippi followed by Alabama, Arkansas, and Texas.
National Pollutant Discharge Elimination System (NPDES) regulates the aquaculture processes in the region. It is the authorizing system for wastewater discharges and follows the federal Clean Water Act. Furthermore, NPDES sets permeable limits for the types and amounts of pollutants that municipalities and industries can release into the country’s waterways.
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Aquafeed Additives Market Scope
Aquafeed Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. aquafeed additives market size, by ingredients, 2017-2030 (US$M)
U.S. Aquafeed Additives Market Outlook Share, 2022 & 2030 (US$M)
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