Aquafeed Additives Market Size, Share & Trends Analysis Report By Application (Tilapia, Catfish), By Ingredient (Feed Acidifiers, Anti-parasitic, Prebiotics), By Region, And Segment Forecasts, 2023 - 2030
- Report ID: GVR-3-68038-555-7
- Number of Report Pages: 150
- Format: PDF, Horizon Databook
- Historical Range: 2018 - 2021
- Forecast Period: 2023 - 2030
- Industry: Specialty & Chemicals
Market Segmentation
- Aquafeed Additives Ingredient Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Aquafeed Additives Application Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Aquafeed Additives Aquafeed additive Regional Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
- North America
- North America Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- North America Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- U.S.
- U.S. Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- U.S. Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- U.S. Aquafeed Additive Market, By Ingredient
- Canada
- Canada Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Canada Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Canada Aquafeed Additive Market, By Ingredient
- Mexico
- Mexico Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Mexico Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Mexico Aquafeed Additive Market, By Ingredient
- North America Aquafeed Additive Market, By Ingredient
- Europe
- Europe Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Europe Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Germany
- Germany Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Germany Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Germany Aquafeed Additive Market, By Ingredient
- U.K.
- U.K. Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- U.K. Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- U.K. Aquafeed Additive Market, By Ingredient
- France
- France Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- France Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- France Aquafeed Additive Market, By Ingredient
- Spain
- Spain Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Spain Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Spain Aquafeed Additive Market, By Ingredient
- Italy
- Italy Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Italy Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Italy Aquafeed Additive Market, By Ingredient
- Norway
- Norway Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Norway Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Norway Aquafeed Additive Market, By Ingredient
- Europe Aquafeed Additive Market, By Ingredient
- Asia Pacific
- Asia Pacific Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Asia Pacific Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- China
- China Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- China Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- China Aquafeed Additive Market, By Ingredient
- India
- India Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- India Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Japan
- Japan Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Japan Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Japan Aquafeed Additive Market, By Ingredient
- South Korea
- South Korea Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- South Korea Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- South Korea Aquafeed Additive Market, By Ingredient
- Vietnam
- Vietnam Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Vietnam Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Vietnam Aquafeed Additive Market, By Ingredient
- Thailand
- Thailand Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Thailand Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Thailand Aquafeed Additive Market, By Ingredient
- Asia Pacific Aquafeed Additive Market, By Ingredient
- Central & South America
- Central & South America Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Central & South America Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Brazil
- Brazil Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Brazil Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Brazil Aquafeed Additive Market, By Ingredient
- Chile
- Chile Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Chile Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Chile Aquafeed Additive Market, By Ingredient
- Ecuador
- Ecuador Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Ecuador Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Ecuador Aquafeed Additive Market, By Ingredient
- Central & South America Aquafeed Additive Market, By Ingredient
- Middle East & Africa
- Middle East & Africa Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Middle East & Africa Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- South Africa
- South Africa Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- South Africa Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- South Africa Aquafeed Additive Market, By Ingredient
- Iran
- Iran Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Iran Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Iran Aquafeed Additive Market, By Ingredient
- Egypt
- Egypt Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Egypt Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Egypt Aquafeed Additive Market, By Ingredient
- Nigeria
- Nigeria Aquafeed Additive Market, By Ingredient
- Anti-parasitic
- Feed Acidifiers
- Prebiotics
- Essential Oils & Natural Extracts
- Palatants
- Hydrolysates
- Yeast Extracts
- Others
- Nigeria Aquafeed Additive Market, By Application
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Groupers
- Others
- Nigeria Aquafeed Additive Market, By Ingredient
- Middle East & Africa Aquafeed Additive Market, By Ingredient
- North America
Aquafeed Additives Market Dynamics
Driver: Increased demand for high protein content food
Aquafeed additives are a rich source of omega-3 fatty acids and proteins. They improve the nutritive value of the feed and offer several benefits including increased protein digestibility, augmented growth rate, enhanced feed conversion, reduced mortality of aquatic species, and improved immunity system. Thus, increasing awareness among aquafeed manufacturers regarding the nutritive benefits of aquafeed additives rich in protein content is anticipated to trigger market growth.
Protein demand is observing a surge due to growing consumer awareness regarding the consumption of food with high nutritive value. Increasing number of consumers in Asia Pacific has led to a high demand for protein sourced from animals (including fish). This is expected to propel the demand for fish food, in turn, driving the aquafeed additives market over the forecast period.
Driver: Increasing Direct Human Consumption (DHC) Of Fish and Fish Products
Fish contains a low fat level compared to other meat forms such as cattle and poultry. Fish is a rich source of proteins and vitamins and thus, is primarily used for direct human consumption. Fish consumption has observed an increase due to the growing availability of a variety of fish in the retail market. Thus, in turn, likely to boost the demand for fish & fish products for direct human consumption in the coming years. Omega-3 fatty acids are extracted from a variety of fish including salmon, tuna, cod liver, whale blubber, and seal blubber. The increasing prevalence of obesity and other illnesses is anticipated to boost the demand for omega-3 supplements as they assist in reducing body fat.
The consumption of omega-3 derived from either farmed and wild fish or encapsulated fish oil helps control several health issues such as asthma, psoriasis, and eczema. It also helps in the development of brain tissues and plays an important role in the last trimester of pregnancy as well as in infant nutrition. The aforementioned factors are anticipated to trigger the demand for fish and fish products that contain omega-3 fatty acids.
Restraint: Fluctuations in Raw Material Prices
Fishmeal is one of the prominent additives used in manufacturing aquafeed due to its high protein content. Other additives used for fish feed include anti-parasites, feed acidifiers, prebiotics, essential oils & natural extracts, and palatants. These additives go through a tedious production process to obtain high-quality products as they are manufactured specifically to enhance the nutritive value of aquafeed.
Conventionally, additives such as fishmeal and fish oil are majorly used to manufacture aquafeed. However, fluctuating prices of fishmeal due to the scarcity of captured fish have resulted in the increasing popularity of plant-based additives in aquafeed. Fluctuations are anticipated to hamper the growth of the aquafeed additives market as fishmeal is a primary raw material used for manufacturing aquafeed additives. Moreover, increasing demand for fishmeal from other applications such as pharmaceuticals has tightened its supply for aquafeed applications. These factors have prompted manufacturers of aquafeed additives to opt for crops and grains that contain nutritional levels equivalent to fishmeal in the manufacturing of additives.
Opportunity: New Product Development and Geographical Expansion
The development of new products using bio-ingredients with sustainable features is expected to gain wide acceptance in the market. The shift toward environment-friendly aquafeed additives is likely to boost consumer demand and thus, attract new market entrants. However, new entrants will face stiff competition from existing participants as they have the benefit of economies of scale.
The geographical expansion strategy is expected to result in higher profits for manufacturers as it would open new markets. With the onset of the COVID-19 pandemic, it is expected that consolidation in emerging economies will open up new market opportunities for aquafeed additives. Companies should take this opportunity to develop new products suited for these new markets.
What Does This Report Include?
This section will provide insights into the contents included in this aquafeed additives market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Aquafeed additives market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Aquafeed additives market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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