Aquafeed & Aquaculture Additives Market Analysis

Aquafeed & Aquaculture Additives Market Analysis

The amino acids market is expected to witness a substantial growth reaching beyond USD 587.5 million by 2030 at a CAGR of more than 4.5%. Higher consumption of amino acids as a feed ingredient in the aquaculture industry is a key factor attributing to the aquafeed & aquaculture additives market growth. Proteins are vital ingredients which aid in healthy metabolism & high growth rates in fishes and prawns.
 

Fishes and prawns are unable to synthesize proteins into amino acids such as valine, arginine, lysine, phenylalanine, threonine, tryptophan, methionine, and others. Thus, it is required for producers to add sources of protein to aquafeed for enhancing the health and growth rates of fishes. The major sources of amino acids used in aquafeed & aquaculture include pea and soy.
 

Moreover, the minimum diet requirement for fishes to grow at an optimal rate is around 30-55% of crude protein concentrate. The role of amino acids in fish diet is to work as a basic unit for protein synthesis. The increasing application of amino acids in fish diets owing to its multiple health benefits is expected to boost the aquafeed & aquaculture additives amino acids market size.
 

The crustaceans market was valued at around USD 6.5 billion in 2021 and is expected to grow at a CAGR of above 7.5% from 2022 to 2030. Crustaceans provide a major share of omega fatty acids, vitamins, and minerals and they are an excellent source of amino acids including methionine, leucine, histidine, threonine, and valine.
 

The rich protein content in crustaceans is a key factor responsible for the rise in cultivation and increasing product demand from the food processing industry. Crustaceans are aquatic animals that have the ability to survive in both marine & freshwater environments. The rising demand for protein-rich diets is a major factor attributing to the growth of the aquafeed & aquaculture additives market revenue.
 

Moreover, the application of  shells of crabs and some other crustaceans in treating & preventing inflammatory diseases should boost its demand from the medical industry. The growing geriatric population and unhealthy eating habits globally has attributed to numerous health disorders. This factor is expected impact the aquafeed & aquaculture additives market sales during the forecast period.
 

The Asia Pacific aquafeed & aquaculture additives market is expected to go beyond USD 75.5 billion by 2030 and grow at a CAGR of more than 6.5% during the forecast period. Factors such as resource availability, inexpensive labor, and ambient environmental conditions for an exponential growth rate in aquaculture are driving market growth.
 

Improvements in cultivation technology along with the rising per-capita consumption patterns of aquatic products should lead to the fishery industry expansion in the region. The growing working population, increasing consumer income levels, and awareness regarding the benefits of protein rich diets should fuel the demand for processed seafood products in the region.
 

Additionally, the recent political instability has led to a decline in imports by the U.S. This in turn creates an opportunity for other countries, such as Thailand and Vietnam, to meet the supply deficit in Europe and North America. Thus, it is a major factor expected to boost the Asia Pacific market growth for aquafeed & aquaculture additives. Increasing government focus of government towards supporting the growth of aquaculture sector in China and India is driving the business growth.