Aquafeed Additives Market - By Type (Vitamins, Minerals, Amino Acids, Enzymes), By Application (Fish, Crustaceans, Mollusks), By Form (Dry, Liquid), By Function (Growth Promotion, Health Maintenance, Disease Prevention), By Source (Plant-based, Animal-based, Synthetic), By End User (Farmers, Feed Manufacturers, Research Institutes), By Distribution Channel (Direct Sales, Distributors, Online Sales), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)
The global Aquafeed Additives Market was valued at USD 3.6 billion in 2023 and is projected to reach USD 7.2 billion by 2031, growing at a CAGR of 9.1%. Sustainable protein alternatives, gut health innovations, and precision nutrition technologies are transforming the market.
2024 Market Breakthroughs
Market Drivers
1. Fishmeal Replacement
2. Disease Prevention
3. Sustainability Pressures
Competitive Landscape
|
Company |
Market Share |
Flagship Product |
Strategic Edge |
|
Nutreco |
25% |
Skretting MicroBalance® |
Salmon nutrition leader |
|
Cargill |
20% |
AquaXcel® insect-blended feeds |
Supply chain integration |
|
DSM-Firmenich |
18% |
Veramaris algal oil |
Omega-3 disruption |
Emerging Disruptors:
Market Segmentation
Recent Developments (2024)
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