Aquafeed Additives Market Overview
MMR published a report on the Aquafeed Additives market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.
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Aquafeed Additives Market Report Scope and Research Methodology
At the national, regional, and international levels, the research offers a thorough examination of the Aquafeed Additives market. It offers a thorough examination of the competitive environment in the Aquafeed Additives market, taking into account the main players’ business plans. A list of the major rivals of Aquafeed Additives is provided in the study, together with details on their earnings, volume of production, worldwide reach, and sales. The SWOT analysis was employed to ascertain the advantages and disadvantages of the principal participants in the Aquafeed Additives sector. The study also includes detailed information on the potential, challenges, drivers, and restraints of the Aquafeed Additives market.
The size of the worldwide and regional Aquafeed Additives markets was calculated using the bottom-up method. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The research also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Aquafeed Additives production process. In order to comprehend the Aquafeed Additives market at both the macro and micro levels, it also contains Porter’s and PESTLE analysis in addition to market attractiveness.
Aquafeed Additives Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Aquafeed Additives market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.
Aquafeed Additives Market Dynamics:
The market for aquafeed additives is driven by three factors: sustainability, technological advancements, and meeting the demand for seafood.
As the demand for seafood rises globally and aquaculture production rises along with it, the market for aquafeed additives is expected to grow and develop. Additives are used to increase productivity. The demand for chemicals that promote the growth and well-being of aquatic animals raised for food is being driven by the expansion of the aquaculture sector. The market is also affected by the emphasis on environmentally friendly and sustainable aquaculture methods, which has increased demand for feed additives with higher feed efficiency. Outstanding advancements in aquafeed technology aid in the creation of novel additives that meet particular dietary requirements and improve performance.
Aquafeed Additives Market Segmentation:
by Additive Type
Binders
Vitamins
Amino Acids
Antioxidants
Enzymes
Antibiotics
Minerals
Acidifiers
The aquafeed additives market is divided into the following segments based on the kind of additive: binder, vitamins, amino acids, antioxidants, enzymes, antibiotics, minerals, and acidifiers. With a market share of more than 25% in 2022, binders represent the biggest section of the aquafeed additives industry. Aquafeed’s physical form and water stability are enhanced by the use of binder. Additionally, they aid in keeping the components of aquafeed from separating. With a share of more than 20% in the market in 2022, vitamins are the second-largest category. For prawns and fish, vitamins are vital components that support healthy growth, feed efficiency, and disease resistance. Since amino acids are the building blocks of proteins, they are vital to the growth and development of prawns and fish. Similar market shares are held by other segments.
by Species
Salmonids
Crustaceans
Other Species
The Aquafeed Additives Market is divided into three categories based on species: crustaceans, salmonids, and other species. With a market share of more than 35% in 2022, salmonids represent the largest segment of the aquafeed additives industry. Fish that belong to the salmonid family include char, trout, and salmon. The market is expanding due to the rising demand for aquaculture of crustaceans, growing knowledge of the value of nutrition in aquaculture, and the usage of additives to raise the calibre of aquafeed.
by Form
Dry
Liquid
Premix
The dry, liquid, and premix segments of the aquafeed additives market are divided based on form. In 2022, the dry form will hold a market share of more than 70%, making it the largest sector. Additives in dry form are simple to handle and store. The cost of the dry form is lower than that of the liquid or premix additions. Because of increased awareness of the value of nutrition in aquaculture and the growing usage of additives to raise the calibre of aquafeed, the market for liquid-form additives is expanding.
by Function
Nutritional
Performance
Health-Promoting
The aquafeed additives market is divided into three segments based on function: health-promoting, performance, and nutritional. With a market share of more than 60% in 2022, nutritional additives will account for the largest portion of the aquafeed additives industry. To address the dietary needs of prawns and fish and to enhance the nutritional content of aquafeed, nutritional additives are utilised. Growing recognition of the significance of nutrition in aquaculture is the driving force behind the growth in demand for performance additives.
by End User
Commercial
Recreational
The aquafeed additives market is divided into two segments based on end user: commercial and recreational. Due to the rising demand for fish and seafood products from the aquaculture and mariculture industries, the commercial segment is anticipated to lead the market during the forecast period. Because ponds and aquariums are becoming more and more popular, the leisure market is also expanding.
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1. Archer Daniels Midland Company
2. Cargill, Incorporated
3. Nutreco N.V.
4. Alltech, Inc.
5. Evonik Industries AG
6. DSM Nutritional Products
7. Kemin Industries, Inc.
8. BIOMIN Holding GmbH
9. Novus International, Inc.
10. DuPont de Nemours, Inc.
11. Phibro Animal Health Corporation
12. Skretting AS
13. Trouw Nutrition
14. Adisseo France SAS
15. BioMar Group
16. Norel Animal Nutrition
17. Lallemand Inc.
18. ADDCON GmbH
19. AJINOMOTO CO., INC.
20. BASF SE
21. Devenish Nutrition Limited
22. Biomin Holding GmbH
23. Danisco Animal Nutrition (DuPont)
24. Calpis Co., Ltd.
25. NUTRIAD International NV
26. Vilofoss Group
27. VETAGRO S.p.A.
28. Nor-Feed
29. Orffa International Holding B.V.
30. Anpario plc
Key Questions answered in the Aquafeed Additives Market Report are:
- What is the expected Aquafeed Additives market size by 2030?
- What will be the CAGR of the Aquafeed Additives market during the forecast period?
- Which segment held the largest share in the Aquafeed Additives market?
- How is the competitive scenario of the Aquafeed Additives market?
- Which are the key factors driving the Aquafeed Additives market growth?
- What are the factors restraining the Aquafeed Additives market growth?
- Which region holds the maximum share in the Aquafeed Additives market?
- Who are the key players in the Aquafeed Additives market?
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Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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