Aquafeed Additives Market Set to Reach $1.96 Billion by 2027, Driven by Increased Seafood Consumption

The Business Research Company’s Aquafeed Additives Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LANDON, GREATER LANDON, UK, November 17, 2023 /EINPresswire.com/ — The global aquafeed additives market is projected to witness notable growth, expanding from $1.5 billion in 2022 to $1.58 billion in 2023, at a substantial compound annual growth rate (CAGR) of 5.8%. The market is expected to continue this upward trajectory, reaching $1.96 billion by 2027. This growth can be attributed to the rising preference for seafood as a primary protein source, coupled with an increased demand for exotic marine species like shrimp and oysters.

Seizing Opportunities in the Expanding Aquafeed Additives Market

Explore the sample report to gain a comprehensive understanding of the aquafeed additives market dynamics and emerging trends:

Key Segments and Market Trends

The market is segmented based on the source, ingredients, and application of aquafeed additives. Major players such as Aker Biomarine, Kemin Industries, and Nutreco NV are actively contributing to the market’s growth through innovative product development. Emphasizing advancements in nutritional understanding and analysis of alternative raw ingredients, the industry is witnessing the development of water-stable supplements, organic minerals, and cutting-edge enzymes, among other advancements.

Segments:

• By Source: Animal, Microorganisms, Plant
• By Ingredient: Anti-Parasitic, Feed Acidifiers, Prebiotics, Essential Oils and Natural Extracts, Palatants, Other Ingredients
• By Application: Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, Other Applications

Geographical Insights: North America Leads, Asia-Pacific Demonstrates Highest Growth Rate

North America currently holds the largest share in the aquafeed additives market, while Asia-Pacific is expected to exhibit the highest growth rate during the forecast period.

Dive deeper into the regional dynamics and trends in the complete report:

Aquafeed Additives Global Market Report 2023 from TBRC covers the following information:

1. Market size date for the forecast period: Historical and Future
2. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
3. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Aquafeed Additives Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on aquafeed additives market size, aquafeed additives market drivers and trends, aquafeed additives market major players, competitors’ revenues, market positioning, and aquafeed additives market growth across geographies. The aquafeed additives market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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