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Aquafeed Additives Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031

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)

Report Code
CVMI21070013
Published
Aug. 6, 2024
Last Updated
Aug. 6, 2024
Coverage
Agriculture • Agribusiness and Agro-processing
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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

  • Insect Protein Commercialization:
    • Ÿnsect's Tenebrio molitor meal approved for EU salmon feed (replaces 25% fishmeal).
    • Protix's Black Soldier Fly oil boosts shrimp survival rates by 18%.
  • Microbiome Modulators:
    • Cargill's AquaBiotic® probiotic blend improves FCR by 12% in tilapia.
    • ADM's Clarisoy® fermented soybean protein enhances gut villi height by 30%.
  • Algae Innovations:
    • Corbion's AlgaPrime® DHA provides vegetarian omega-3s at competitive costs.
    • Veramaris' algal oil now supplies 50% of Norwegian salmon farms' EPA/DHA needs.

Market Drivers

1. Fishmeal Replacement

  • Global fishmeal prices have increased by 60% since 2020 (IFFO data).
  • EU Regulation (EC) 2017/893 mandates 100% deforestation-free soy by 2025.

2. Disease Prevention

  • Butyrate additives reduce Vibrio outbreaks in shrimp by 45%.
  • The phytogenics market is growing at 14% CAGR for antibiotic-free growth promotion.

3. Sustainability Pressures

  • ASC/MSC certification now requires 30% alternative protein in feeds.
  • Norway's 2025 target: 100% sustainable aquafeed ingredients.

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:

  • InnovaFeed: Industrial-scale insect protein (TotalEnergies-backed).
  • KnipBio: Methanol-fed microbial protein (FDA GRAS approval).

Market Segmentation

  • By Additive Type:
    • Amino Acids (30%): Lysine, methionine dominate.
    • Probiotics (XX%): Fastest-growing segment (16% CAGR).
    • Omega-3 (XX%): Algal solutions gaining share.
  • By Species:
    • Salmon (40%): Highest value segment.
    • Shrimp (XX%): Phytogenics demand surging.
    • Tilapia/Carp (XX%): Cost-sensitive markets.
  • By Region:
    • Asia-Pacific (45%): 70% of global shrimp production.
    • Europe (XX%): Strict sustainability regulations.
    • Latin America (XX%): Brazil's tilapia boom.

Recent Developments (2024)

  • April 2024: Ÿnsect opens world's largest insect protein facility (France).
  • July 2024: Mowi transitions 30% of salmon feed to algal omega-3s.
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