Aquafeed And Aquaculture Additives Market Size By Application (Crustaceans, Mollusks, Carp, Salmon, Catfish, Tilapia), Aquaculture Additives Market Size By Product (Amino Acids, Antibiotics, Vitamins, Feed Acidifiers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Aquafeed and Aquaculture Additives Market size exceeded USD 86 billion in 2020 and is estimated to grow at a CAGR of over 4% from 2021 to 2027. Significant rise in seafood trade and introduction of innovative products will contribute to the aquafeed and aquaculture additives industry growth.
 

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Feed additives improve productivity in aquaculture and prevent diseases in fishes. The aquaculture industry is witnessing lucrative growth opportunities owing to the rising demand for high-protein diets, especially in emerging economies, such as Brazil and China, where the per capita income is rising rapidly. The trade of fish and aquaculture products plays an integral role in boosting the fish consumption and achieving a global market for aquaculture products by connecting various international suppliers and manufacturers.
 

The fish and fishery products segment is one of the most-traded segments of the global food sector. The trade of these products has significantly increased in the recent years, driven by the rise in fishery production and high demand; with the fisheries sector growing due to progressively globalized environment. The abrupt growth in fisheries and aquaculture production has increased the consumption of diversified as well as nutritious food.
 

The global consumption of seafood has increased due rising awareness about the health benefits associated with fish and other aquaculture species. They are rich sources of vitamins, minerals, amino acids, and essential fats; thus, the consumption of seafood is anticipated to rise globally. Vietnam, China, and Norway are the key fish producers and the largest exporters of fish products.
 

Increasing infectious diseases in aquatic animals will boost the market from antibiotic product type

Aquafeed market size from the antibiotics segment is anticipated to reach USD 475 million by 2027. Infectious diseases pose hazards to the aquaculture industry and can cause significant stock loss and problems.  Shrimps and finfishes have observed problems, such as bacterial diseases, increasing the use of antimicrobials for treatment. Antibiotics are chemotherapeutic agents used in the clinical management of infectious diseases in humans and animals. They inhibit the growth and metabolism of microorganisms that harm animal health.
 

Additionally, antibiotics promote all round growth, providing better health in crowded conditions. The excessive use of antibiotics may create antibodies for the species to treat medical conditions. Development of drug-resistant bacteria in shrimps, fishes, and prawns has led to the formulation of regulations by countries to limit the use of antibiotics in feed and additives. Innovations in medical technology have led to the development of alternative plant-based antibiotics. Strict screening programs to restrict the use of antibiotics may inhibit the product demand.
 

Vitamins aid in coping with the deficiencies and deformities in young, developing fishes, boosting market growth

The global aquafeed market from the vitamins segment are anticipated to surpass USD 565 million by 2027. Vitamins are important feed additives for fishes and shrimps, improving defenses and supporting disease resistance. They perform specific & vital functions in the body system of fishes. Products comprising vitamins maximize the feed formulation stability.
 

Nucleotides are the building blocks of DNA and RNA that are essential for protein synthesis and cellular division. Nucleotides promote immune cell proliferation and contribute to the fish’s survival. Vitamin C performs numerous biochemical and physiological functions in both animals & plants. Ascorbic acid, used as a source for Vitamin C, acts as a strong reducing agent and helps in optimum growth and disease resistance.
 

Unique microorganisms and extensive use in the medical industry are likely to boost aquafeed market from the mollusks segment

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The global aquafeed market from the mollusks segment was valued over USD 14.5 billion in 2020. Farming of mollusks is considered sustainable, and human intervention is required to feed them. FAO recommends not to farm mollusks in polluted water, as filter feeder mollusks, such as mussels, may ingest biotoxins & bacteria and concentrate them in their digestive systems.
 

Guts in mollusks contain unique microorganisms in the form of bacteria that are extensively used for medicinal purposes for neurological treatment in humans. Recent advancements in medical technologies have shown that microorganisms found in mollusks can also be used for the therapeutic treatment of brain. These listed factors are projected to fuel the market statistics over the forecast period.
 

Growing demand of high protein diet for aquaculture is aiding the growth of additives from the amino acids segment

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The global aquafeed market from the amino acid segment is likely to surpass USD 630 million by 2027. Amino acid comprises the largest product segment of the aquafeed market, accounting for the highest revenue share. Proteins are essential ingredients for healthy and high growth rate of fish. Fishes and prawns are incapable of synthesizing proteins into amino acids including threonine, tryptophan, methionine, lysine, valine, phenylalanine, and arginine; hence, manufacturers are adding sources of proteins to aquafeed, enhancing health and growth rates in fish. This reduces the aquafeed cost and provides better option for amino acid composition.
 

Fish requires diets containing crude protein concentrate of 30-55% for optimum growth. Also, the growing influence on balancing nutrients in diet by using minimum fish meal to meet specific amino acid requirements for fast growth, reproduction, and reduce feed costs in the aquaculture feed industry is likely to drive the global fish meal production, thus stimulating the industry expansion.
 

Increasing aquaculture industry and increasing consumption of seafood should stimulate North America market

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The North America aquafeed and aquaculture additive market is expected to exceed USD 30.5 billion by 2027, owing to increased consumption of fish and seafood and rising disposable income of middle class. In the U.S. and Canada, strong institutional support by government bodies for aquaculture will have a positive impact on regional market forecasts.
 

Furthermore, marine aquaculture in the U.S. contributes to the overall seafood supply, restores habitat, maintains economy activity in the coastal areas, and supports commercial fisheries. The U.S. is the global importer of fish and fishery products, with the consumption of 91% seafood. Increasing demand for tilapia and catfish feed has led to the rising aquaculture industry expansion. Most of the farmers rely on low cost and easily available feeds, driving the overall industry growth.
 

Innovative product launches and continuous research & development activities are the key business strategies incorporated by major market players

The global aquafeed market share is moderately fragmented due to the presence of various industrial participants. Biomar, Alltech, Addcon, Aller Aqua, Ridley, Dibaq Aquaculture, Cargill, Inc., and Biomin are the key industry players operating in the industry.
 

Aquaculture production expansion in China along with the rise in salmon farming owing to easy farming technologies has led to the increase in the aquafeed market. Major market players cater their products to a wide range of end use including crustaceans, mollusks, carp, salmon, catfish, and tilapia. In order to strengthen their market position, manufacturers are engaged in several activities including product development & innovations, mergers, acquisitions, and others.
 

The Aquafeed and Aquaculture Additives Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2016 to 2027 for the following segments:

By Product

• Amino acids
• Antibiotics
• Vitamins
• Feed acidifiers
• Others

By End-Use

• Crustaceans
• Mollusks
• Carp
• Salmon
• Catfish
• Tilapia
• Other

The above information has been provided for the following regions:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Norway
  • Poland
  • Netherlands
  • Denmark
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Vietnam
  • Indonesia
  • Malaysia
  • Thailand
• Latin America
  • Brazil
  • Argentina
  • Peru
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa