Aquaculture Additives Market 2018 Trends and Competitive Landscape Outlook -2025

Rising awareness regarding the benefits of additives to promote healthy development of fish is anticipated to be a key driver for aquafeed market growth. The Global Aquaculture Additives Market size is expected to reach USD 1.52 Billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 3.2% during the forecast period.

Importance of certain mollusks, such as clams and oysters as a source of food for humans coupled with their health benefits is expected to boost their demand in near future. Demand for mollusks to improve quality of the surrounding environment has also been prevalent in polyculture systems. Due to their multiple applications for consumers and the agriculture industry, demand for this species is likely to increase significantly during the forecast period boosting the demand for aquafeed.

The global aquaculture additives market is expected to witness a decent growth on account of the surge in demand for fish food, which is expected to grow on account of a rise in preference for high protein, calcium, vitamin D, and iodine rich food. Asia Pacific led the Global Aquafeed Market with over 50% of overall market value and is anticipated to continue leading over the forecast period.

Rise in aquaculture activities in the region owing to abundant availability of land coupled with favorable climatic conditions has resulted in a significant growth in demand for aquafeed. China, Vietnam, Indonesia, India, Thailand, and Bangladesh contribute to a major share of the global aquafeed production leading to increased aquaculture additives in the region. Rising number of government initiatives to create awareness regarding the benefits of additives is anticipated to further aid the product consumption over the forecast period.

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Europe aquaculture additives and aquafeed market expanded significantly over the past decade primarily as a result of the expansion of marine aquaculture sector in the European Union (EU) and European Free Trade Association countries. Significant improvement in the efficiency of feed and environmental management is expected to drive the regional aquaculture sector, propelling aquafeed market.

Top Players of Aquaculture Additives Market:

Some of the key companies present in the aquaculture additives market are Alltech, Inc.; BioMar A/S; Cargill, Inc.; Ridley Corporation Limited; Norel S.A.; Aller Aqua A/S; Beneo GmbH; Cermaq Group AS; Dibaq A.S.; and Addcon GmbH.

Market Segmentation of Aquaculture Additives Market:

The Global Aquaculture Additives Market segmented on the basis of Product, Application, and Region.

By Product:

Carp

Mollusks

Salmon

Shrimps

Tilapia

Catfish

Sea Bass

Trout

By Product:

Amino Acids

Antibiotics

Vitamins

Feed Acidifiers

Anesthetic & Sedation materials

Anti-Parasitics

By Region:

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

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