Aqua Feed Additive Market Size, Latest Trends, Regional Forecast and Global Industry Dynamics By 2022-2032

 

The aqua feed additives market is estimated to surpass US$ 1.6 billion in 2022, and is predicted to reach US$ 2.7 billion by 2032, with a CAGR of 5.5 percent from 2022 to 2032.

Some of the key factors driving the rise of the aqua feed additives market share are growing worries about receiving the right vitamin and mineral additives for aquatic animals.

As individuals become more aware of premixes, the demand for aqua feed additives has increased. As a result of the increased demand for mineral-rich aqua feed additives, companies are seeing an increase in sales of aqua feed additives.

Increased understanding of bioavailability in these compounds is another important driver of the aqua feed additives market size. As a result, aquafeed additives manufacturers are increasing production of direct mineral supplements to suit end-user demand.

The trade of fish and aquaculture products plays a significant role in expanding fish consumption and building a global market for aqua feed additives by connecting various worldwide suppliers and manufacturers.

As adaptive pathogens can be infected by a variety of stress factors, including poor nutritional status, sales of aqua feed additive are on the rise.

Antibiotics are also used to treat diseases such as red pest disease, which drives up demand for aqua feed additives around the world.

The growing demand for high-protein diets is presenting excellent growth opportunities for the aqua feed additives market, particularly in emerging economies like Brazil, India, and China, where per capita income is rapidly rising, resulting in increased sales of aqua feed additives.

Key Takeaways from the Aqua Feed Additives Market Study:

  • The US is estimated to account for more than 60% of the North American market in 2022, due to the rising in seafood consumption.
  • The aqua feed additives market in the United States is predicted to grow at a CAGR of 2.6 percent from 2016 to 2032, reaching a market size of US$ 0.1 billion.
  • Due to a considerable availability of raw materials and the presence of large-scale companies, Egypt has a strong demand for aqua feed additives.
  • According to FMI, the aqua feed additives market in India is worth US$ 1.4 billion and is predicted to grow at a CAGR of 7.2 percent through 2032.

 “Key market players are investing much in R&D in order to introduce new products and obtain a competitive advantage. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.”- Lead Analyst at FMI.

Competition Landscape of Aqua Feed Additives Market

Key players operating in the global aqua feed additives market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies in aqua feed additives market are Cargill, Inc., NK Ingredients Pte. Ltd., Beneo GmbH, Dibaq A.S., Nutreco N.V., Evonik Industries, Biomar A/S, Growel Feeds, Coppens International B.V., Aker Biomarine and others.

Recent Developments in Aqua Feed Additives Market:

  • ADM purchased Neovia (formerly known as InVivo NSA) (France) in January 2019 for USD 1.82 billion (Euro 1.54 billion). This acquisition would give ADM a strong foundation on which to build future expansion.
  • In November 2018, Cargill invested USD 70 million in Thailand to provide new technologies to the country’s aquaculture and poultry industries.
  • In June 2017, Nutreco completed the acquisition of Hi-Pro Feeds LP (Canada). The acquired company’s global brand, Trouw Nutrition, would be used to market the acquired company.

Get Valuable Insights into Aqua feed additives Market 

FMI, in its new offering, provides an unbiased analysis of aqua feed additives presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

The study divulges compelling insights on the demand for aqua feed additives based on additives type (amino acids, vitamins, minerals, antibiotics, acidifiers, binders, antioxidants, prebiotics, palatants, and others), by species type (crustaceans, catfish, salmonids, carp, tilapia, mollusks, and mullet), by ingredient (corn, soybean, fish oil, peas, sunflower seed, others) across five major regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Main Report Link: https://www.futuremarketinsights.com/reports/aqua-feed-additives-market

Comments

Post a Comment

Popular posts from this blog

Dairy Flavored Milk Market: Worldwide Industry Analysis of Key Findings, and New Market Opportunities Explored by 2022-2032

  Dairy Flavored milk  is a product manufactured by mixing milk, sugar or sweetener, coloring, and natural or artificial flavor. Flavored milk offers some essential nutrients like calcium, potassium, vitamins, phosphorus, and protein. Flavored milk is among the healthiest products from the food and beverage industry. Its health benefit is a boost for the market as consumers are moving towards healthy lifestyles. Also, the high shelf life and increase in demand for refrigerated milk products fuel the growth of the flavored milk market globally. The worldwide flavored milk market is supposed to arrive at a valuation of US$ 3,300 Million of every 2022. Generally speaking, deals of flavored milk are projected to develop at a strong CAGR of 6.4% somewhere in the range of 2022 and 2032, adding up to around US$ 6,119.3 Million toward the finish of 2032 The global dairy flavored milk industry is still on the rise as consumption is still low compared to other drinks like carbonated soft dri
Read more

Peanut Butter Market 2022: Increasing Demand for Efficient Management Practices, Key Segment & Opportunities Report-2030

Peanut butter is a low-calorie product with high protein content prepared from grinding of dry roasted peanuts. It serves as a substitute for the dairy butter. Peanut butter can be used as toppings for food products like bread, crackers, and many others. Peanut butter finds application in several end-user sectors such as bakery, savory and sauces, smoothies, and many more. Peanut butter is a rich source of energy that can be used as an alternative to milk butter. Aside the energy derived from the consumption, peanut butter is also a good source of protein, fiber, unsaturated fat and minerals such as magnesium, zinc, potassium, and vitamin E. With these nutritional value obtained from the consumption of peanut butter, the global market is slated to witness robust growth over the forecast period. Moreover, the growing population size of consumers with weight diseases and increasing disposable income of consumers in developed and developing countries are major factors expected to p
Read more

Global Vegan Fast Food Market Current and Future Trends, Growth Insights, Industry Segments and Regional Forecast by 2033

 The global vegan fast food market is predicted to be worth US$ 18829.5 million in 2023 and US$ 27980.2 million by 2033 The global vegan fast food market is predicted to develop due to increased knowledge about the benefits of a vegan diet. An additional factor, such as growing awareness of animal health and cruelty in the food industry, has encouraged individuals to transition from animal-based to plant-based fast food, which has contributed to the market's growth. As a result of these reasons, demand for vegan fast food is expected to rise at a constant 4.5% CAGR, with the United Kingdom, the United States, Germany, and Japan emerging as important manufacturers. Download Comprehensive Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16198 The rise in awareness of health issues and human well-being, as well as changes in lifestyle, are the factors driving the growth of the global vegan fast food market. People are migrating toward vegetarian food
Read more