Aquaculture Additives Market (Product Type - Amino Acids, Antibiotics, Vitamins, Feed Acidifiers, and Others; Application - Preservation, Processing, Nutrition, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the aquaculture additives market provides an in-depth analysis of segments and sub-segments in the global as well as regional aquaculture additives market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aquaculture additives market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global aquaculture additives market. According to the report, the global aquaculture additives market is projected to grow at a CAGR of over 3% over the forecast period of 2022-2028. 

Market Insight

The global aquaculture additives market was valued at over USD 2000 million in 2022 and is expected to reach about USD 2500 million in 2028, with a CAGR of over 3% during the forecast period. The expansion is linked to a rise in the consumption of dairy, fish, and poultry products that have been processed. Moreover, the market is probably going to do well in the upcoming years due to the rising demand for high-quality meat and meat by-products. Animal illness outbreaks have raised worries about the safety and quality of meat, which is expected to increase the demand for animal feed additives. Vitamins are often used as supplements in the preparation of animal feed. Although vitamins are naturally present in the feed, additional supplements that are vitamin-infused are added to animal diets to offer optimal nutrition, which increases the demand for vitamins. 

Due to a number of factors, such as changing eating habits and increasing availability of a wide variety of fish in the retail market, fish consumption patterns have changed significantly in recent years. The global aquaculture additives market is anticipated to grow as consumers become more aware of the health benefits of fish. The use of supplements containing omega-3 fatty acids is anticipated to rise in the next years due to rising rates of cardiovascular disease, obesity, and other diseases including diabetes. Additionally, LC-omega 3, which may be obtained from both farmed and wild fish as well as fish oil capsules, helps to maintain cardiovascular health and cure conditions including asthma, dermatitis, psoriasis, and Crohn's disease. It is crucial during the final trimester of pregnancy and aids in the growth of brain cells. As consumer awareness of the importance of eating wholesome foods grows, so does the demand for protein. During the projected period, these factors are anticipated to drive the worldwide aquaculture additives market. 

Over the projection period, it's expected that the aquaculture additives market in the Asia Pacific will expand. Demand for aqua feed has increased due to the expansion of aquaculture operations in the area as a result of the region's abundant land availability and favorable weather patterns. A significant portion of the world's aqua feed production is produced in China, Indonesia, Vietnam, India, Bangladesh, and Thailand, which has led to an increase in aquaculture additives in the area. Additionally, throughout the projection period, an increase in government initiatives to spread the word about the advantages of additives is anticipated to increase product use. Furthermore, owing to the U.S. and Canadian governments' strong support for the development of aquaculture, North America is expected to experience tremendous growth. Mollusks, particularly hard clams, oysters, and mussels, as well as salmonids, are some of the species that significantly contribute to the industry's growth. 

Segment Covered

The report on the global aquaculture additives market covers segments such as product type, and application. On the basis of product type, the sub-markets include amino acids, antibiotics, vitamins, feed acidifiers, and others. On the basis of application, the sub-markets include preservation, processing, nutrition, and others. 

Companies Profiled:

The report provides profiles of the companies in the market such as Nutreco N.V., ADM, Cargill, Alltech, Evonik Industries, Bentoli, Pancosma, Norel SA, Nouryon, and Saideep Exports. 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the aquaculture additives market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.