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Aquafeed and Aquaculture Additives Market Trends

Report ID: GMI495
Published Date: Aug 2024
Report Format: PDF

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Aquafeed and Aquaculture Additives Market Trends

The aquafeed and aquaculture additives industry is experiencing robust growth driven by rising seafood consumption and advancements in aquaculture technology. Trends include the adoption of sustainable and functional ingredients, such as plant-based proteins and probiotics, to enhance fish health and reduce environmental impact. Increased investment in R&D is fostering innovations in feed formulations and additives. Regulatory pressures are prompting a shift towards environmentally friendly practices. The market is also seeing a rise in demand for customized feed solutions tailored to specific species and growth stages, reflecting a broader industry trend towards precision aquaculture and improved productivity.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of aquafeed & aquaculture additives reached USD 1.11 billion in 2023 and is set to register 4.2% CAGR between 2024 and 2032, due to increasing demand for sustainable seafood and advancements in aquaculture technology.

The amino acids segment is expected to record 5.2% CAGR through 2032, owing to their crucial role in enhancing fish health and promoting growth.

Asia-Pacific market is anticipated to record 4.5% CAGR through 2032, fueled by resource availability, inexpensive labour, and ambient environmental conditions.

Basf SE, Biomar, Alltech, DSM, BASF, Ridley, Evonik, Cargill Inc, Beneo GmbH, and Novus International.