PUBLISHER: The Business Research Company | PRODUCT CODE: 1641517
PUBLISHER: The Business Research Company | PRODUCT CODE: 1641517
Aquafeed additives refer to substances used to enhance the quality of aquatic species' diets by preserving the physical and chemical integrity of their feed. These additives, whether nutritive or non-nutritive, are incorporated in small quantities. Characterized by high protein and omega-3 fatty acids content, aquafeed additives contribute to improved nutritional value in feed, resulting in benefits such as accelerated growth rates, enhanced feed conversion efficiency, and a bolstered immune system.
The primary sources of aquafeed additives are animals, microorganisms, and plants. Animal-sourced additives encompass growth promotants, antibiotics, hormones, and essential nutrients in refined forms, such as vitamins, minerals, amino acids, cholesterol, and phospholipids. Aquafeed additive ingredients include anti-parasitic agents, feed acidifiers, prebiotics, essential oils, natural extracts, palatants, and other components. These ingredients are utilized in formulating feeds for various aquatic species, including carp, rainbow trout, salmon, crustaceans, tilapia, catfish, sea bass, and grouper.
The aquafeed additives market research report is one of a series of new reports from The Business Research Company that provides aquafeed additives market statistics, including aquafeed additives industry global market size, regional shares, competitors with a aquafeed additives market share, detailed aquafeed additives market segments, market trends and opportunities, and any further data you may need to thrive in the aquafeed additives industry. This aquafeed additives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aquafeed additives market size has grown strongly in recent years. It will grow from $1.75 billion in 2024 to $1.87 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growing aquaculture industry, nutritional requirements, health and disease management.
The aquafeed additives market size is expected to see strong growth in the next few years. It will grow to $2.45 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to population growth and urbanization, environmental sustainability, regulatory changes, global economic trends. Major trends in the forecast period include research and development, sustainable practices, alternative proteins, functional feed ingredients, digitalization and precision aquaculture, customization in formulations, clean label additives.
The growth trajectory of the aquafeed additives market is anticipated to surge due to the escalating consumption and demand for seafood. Consumer preferences for seafood as a primary protein source, coupled with the rising interest in exotic marine species like shrimp and oysters, are driving this surge. These marine species offer substantial health benefits with high levels of vitamins, fats, essential amino acids, and beneficial oils like sardine oil and squid oil. For instance, the OECD projects a substantial rise in fish consumption, estimating a 16. 3% increase by 2029, with 90% of produced fish anticipated for human consumption. Thus, the escalating consumption of seafood and marine species is a prime driver for the aquafeed additives market.
The rise in government initiatives supporting aquaculture practices is expected to drive the growth of the aquafeed additives market in the coming years. Governments in countries such as India, the USA, China, and others are launching various programs to promote aquaculture development in their regions. Aquafeed additives play a crucial role in aquaculture by enhancing feed quality and supporting the growth and health of aquatic species like fish and shrimp. For instance, in December 2022, the Australian government introduced the Supporting Australia's Seaweed Program, demonstrating its dedication to advancing a sustainable aquaculture industry. This initiative, with an $8 million investment over three years (2022-2025), seeks to encourage the commercial use of seaweed as a sustainable livestock feed alternative and as a strategy to reduce methane emissions in agriculture. As a result, the increase in government support for aquaculture practices is fueling the growth of the aquafeed additives market.
Innovation stands as a pivotal trend shaping the aquafeed additives market. Embracing innovation enables companies to stay competitive and continually enhance their offerings. This sector sees considerable diversification, producing numerous species across various production platforms. Companies focus on elevating nutritional knowledge, analyzing alternative raw ingredients, and employing cutting-edge innovations. Notably, in September 2022, Secma Cabon Solution Vide introduced MultyWays, a revolutionary aquafeed delivery system, featuring the patented CleanPipe system, DosAir, and Multiways valves. This integration optimizes output and profitability, allowing for increased yield with more frequent daily feedings, reduced manual handling, lower labor costs, and improved safety through minimized feeding motions.
Leading companies in the aquafeed additives market are increasingly focusing on innovative solutions such as precision nutrition concepts to boost nutritional efficiency in aquaculture while minimizing environmental impact by improving amino acid profiling in feed formulations. Precision nutrition in aquafeed additives involves a customized approach that optimizes feed based on the specific nutritional needs of fish, with an emphasis on achieving the ideal amino acid profile to enhance growth efficiency and reduce environmental impact. For example, in May 2024, Skretting, a Norway-based aquaculture feed company, introduced AmiNova, a new feed formulation concept. This approach is built around an optimal digestible amino acid profile, improving nutritional efficiency by precisely matching the fish's requirements and reducing excess nutrients. This innovation leads to better nutrient retention in fish, improving performance and significantly reducing nitrogen emissions, thereby supporting sustainable aquaculture practices.
In April 2022, Marel, an Iceland-based food processing company, completed the acquisition of Wenger Manufacturing LLC for a significant deal amounting to $540 million. This strategic move by Marel involves investing in emerging and complementary growth markets, marking the formation of a new business segment. Wenger Manufacturing LLC, based in the United States, specializes in processing solutions for pet food, plant-based proteins, and aquafeed, aligning well with Marel's expansion goals into new market segments, including the aquafeed sector.
Major companies operating in the aquafeed additives market include Alltech, Biorigin, Kemin Industries Inc., Norel SA, BioMar Group A/S, Cargill Inc., DuPont de Nemours Inc., Nutreco NV, Nutriad Ltd., Calanus AS, Olmix Group, Lallemand Inc., Nouryon B. V., Delacon Biotech Nik Ges. m. b. H., Camlin Fine Sciences Ltd., Diana S. A. S., Aller Aqua A/S, Archer Daniels Midland Company, Ridley Corporation Ltd., Thai Union, Inve Aquaculture Inc., Growel Feeds Pvt. Ltd., BASF SE, Bluestar Adisseo Company, Wilbur-Ellis Nutrition LLC, Purina Animal Nutrition LLC, Koninklijke DSM N. V., Skretting, Clextral S. A. S., Trouw Nutrition LLC, Balchem Corporation, AquaBounty Technologies, Scoular, Nutra Blend LLC
North America was the largest region in the aquafeed additives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aquafeed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the aquafeed additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The aquafeed additives market consists of sales of preservatives, antioxidants, and emulsifiers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aquafeed Additives Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aquafeed additives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aquafeed additives ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aquafeed additives market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.