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Aquafeed & Aquaculture Additives Market Share

  • Report ID: GMI495
  • Published Date: Jun 2022
  • Report Format: PDF
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Aquafeed & Aquaculture Additives Market Share

The global aquafeed & aquaculture additives industry share is highly fragmented due to the presence of various industrial participants. Major companies are involved in strategic partnerships and expansion of research & development activities in order to boost competition in the market. Some of the major key players include

  • Biomar
  • Alltech
  • DSM
  • BASF
  • Ridley
  • Evonik
  • Cargill Inc
  • Beneo GmbH
  • Novus International

The companies in the market are showing keen interest in capacity expansion and mergers & acquisitions to enhance the business.
 

In May 2022, Biomar A/S acquired intelligent shrimp feeding technology provider AQ1 Systems. This strategic initiative will help Biomar A/S to provide advanced intelligent feeding systems for shrimp farmers.
 

In September 2021, Alltech announced expansion of its Alltech Coppens Aqua Centre (ACAC research facility by 50%. The expansion will help Alltech focus on new recirculating aquaculture system (RAS) feed which will help in increasing profitability of fish farmers.
 

In June 2020, DSM and North Carolina State University entered in a collaboration for 10 years for research in three functional areas, animal gut health, precision nutrition, and data driven decision making for animal health. This collaboration will help the company to diversify its product portfolio, improve brand image, and strengthen market share.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global aquafeed and aquaculture additives industry size had crossed USD 66.5 billion in 2021 and is poised to record a CAGR of over 7% through 2030 due to the presence of favorable government policies regarding food security and nutrition.

The aquafeed and aquaculture additives market value from the crustacean’s end-user segment had exceeded USD 6.5 billion in 2021 and will observe a CAGR of over 7.5% through 2030 driven by growing demand in the food processing sector.

The aquafeed and aquaculture additives industry size from the amino acids product segment may exceed USD 587.5 million by 2030 owing to higher consumption to aid in healthy metabolism & high growth rates in fishes and prawns.

Asia Pacific is expected to account for close to USD 75.5 billion in the aquafeed & aquaculture additives industry by 2030 driven by resource availability, inexpensive labor, and ambient environmental conditions.

Aquafeed and Aquaculture Additives Market Scope

  • Aquafeed and Aquaculture Additives Market Size
  • Aquafeed and Aquaculture Additives Market Analysis
  • Aquafeed and Aquaculture Additives Market Share

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    • Base Year: 2021
    • Companies covered: 23
    • Tables & Figures: 458
    • Countries covered: 27
    • Pages: 335
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