This Aquafeed Additives market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The aquafeed additives market size has grown strongly in recent years. It will grow from $1.75 billion in 2024 to $1.87 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growing aquaculture industry, nutritional requirements, health and disease management.
The aquafeed additives market size is expected to see strong growth in the next few years. It will grow to $2.45 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to population growth and urbanization, environmental sustainability, regulatory changes, global economic trends. Major trends in the forecast period include research and development, sustainable practices, alternative proteins, functional feed ingredients, digitalization and precision aquaculture, customization in formulations, clean label additives.
The growth trajectory of the aquafeed additives market is anticipated to surge due to the escalating consumption and demand for seafood. Consumer preferences for seafood as a primary protein source, coupled with the rising interest in exotic marine species like shrimp and oysters, are driving this surge. These marine species offer substantial health benefits with high levels of vitamins, fats, essential amino acids, and beneficial oils like sardine oil and squid oil. For instance, the OECD projects a substantial rise in fish consumption, estimating a 16. 3% increase by 2029, with 90% of produced fish anticipated for human consumption. Thus, the escalating consumption of seafood and marine species is a prime driver for the aquafeed additives market.
The rise in government initiatives supporting aquaculture practices is expected to drive the growth of the aquafeed additives market in the coming years. Governments in countries such as India, the USA, China, and others are launching various programs to promote aquaculture development in their regions. Aquafeed additives play a crucial role in aquaculture by enhancing feed quality and supporting the growth and health of aquatic species like fish and shrimp. For instance, in December 2022, the Australian government introduced the Supporting Australia’s Seaweed Program, demonstrating its dedication to advancing a sustainable aquaculture industry. This initiative, with an $8 million investment over three years (2022-2025), seeks to encourage the commercial use of seaweed as a sustainable livestock feed alternative and as a strategy to reduce methane emissions in agriculture. As a result, the increase in government support for aquaculture practices is fueling the growth of the aquafeed additives market.
Innovation stands as a pivotal trend shaping the aquafeed additives market. Embracing innovation enables companies to stay competitive and continually enhance their offerings. This sector sees considerable diversification, producing numerous species across various production platforms. Companies focus on elevating nutritional knowledge, analyzing alternative raw ingredients, and employing cutting-edge innovations. Notably, in September 2022, Secma Cabon Solution Vide introduced MultyWays, a revolutionary aquafeed delivery system, featuring the patented CleanPipe system, DosAir, and Multiways valves. This integration optimizes output and profitability, allowing for increased yield with more frequent daily feedings, reduced manual handling, lower labor costs, and improved safety through minimized feeding motions.
Leading companies in the aquafeed additives market are increasingly focusing on innovative solutions such as precision nutrition concepts to boost nutritional efficiency in aquaculture while minimizing environmental impact by improving amino acid profiling in feed formulations. Precision nutrition in aquafeed additives involves a customized approach that optimizes feed based on the specific nutritional needs of fish, with an emphasis on achieving the ideal amino acid profile to enhance growth efficiency and reduce environmental impact. For example, in May 2024, Skretting, a Norway-based aquaculture feed company, introduced AmiNova, a new feed formulation concept. This approach is built around an optimal digestible amino acid profile, improving nutritional efficiency by precisely matching the fish's requirements and reducing excess nutrients. This innovation leads to better nutrient retention in fish, improving performance and significantly reducing nitrogen emissions, thereby supporting sustainable aquaculture practices.
In April 2022, Marel, an Iceland-based food processing company, completed the acquisition of Wenger Manufacturing LLC for a significant deal amounting to $540 million. This strategic move by Marel involves investing in emerging and complementary growth markets, marking the formation of a new business segment. Wenger Manufacturing LLC, based in the United States, specializes in processing solutions for pet food, plant-based proteins, and aquafeed, aligning well with Marel's expansion goals into new market segments, including the aquafeed sector.
Major companies operating in the aquafeed additives market include Alltech, Biorigin, Kemin Industries Inc., Norel SA, BioMar Group A/S, Cargill Inc., DuPont de Nemours Inc., Nutreco NV, Nutriad Ltd., Calanus AS, Olmix Group, Lallemand Inc., Nouryon B. V., Delacon Biotech Nik Ges. m. b. H., Camlin Fine Sciences Ltd., Diana S. A. S., Aller Aqua A/S, Archer Daniels Midland Company, Ridley Corporation Ltd., Thai Union, Inve Aquaculture Inc., Growel Feeds Pvt. Ltd., BASF SE, Bluestar Adisseo Company, Wilbur-Ellis Nutrition LLC, Purina Animal Nutrition LLC, Koninklijke DSM N. V., Skretting, Clextral S. A. S., Trouw Nutrition LLC, Balchem Corporation, AquaBounty Technologies, Scoular, Nutra Blend LLC.
Aquafeed additives refer to substances used to enhance the quality of aquatic species' diets by preserving the physical and chemical integrity of their feed. These additives, whether nutritive or non-nutritive, are incorporated in small quantities. Characterized by high protein and omega-3 fatty acids content, aquafeed additives contribute to improved nutritional value in feed, resulting in benefits such as accelerated growth rates, enhanced feed conversion efficiency, and a bolstered immune system.
The primary sources of aquafeed additives are animals, microorganisms, and plants. Animal-sourced additives encompass growth promotants, antibiotics, hormones, and essential nutrients in refined forms, such as vitamins, minerals, amino acids, cholesterol, and phospholipids. Aquafeed additive ingredients include anti-parasitic agents, feed acidifiers, prebiotics, essential oils, natural extracts, palatants, and other components. These ingredients are utilized in formulating feeds for various aquatic species, including carp, rainbow trout, salmon, crustaceans, tilapia, catfish, sea bass, and grouper.
The aquafeed additives market research report is one of a series of new reports that provides aquafeed additives market statistics, including aquafeed additives industry global market size, regional shares, competitors with a aquafeed additives market share, detailed aquafeed additives market segments, market trends and opportunities, and any further data you may need to thrive in the aquafeed additives industry. This aquafeed additives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
North America was the largest region in the aquafeed additives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aquafeed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aquafeed additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The aquafeed additives market consists of sales of preservatives, antioxidants, and emulsifiers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The aquafeed additives market size has grown strongly in recent years. It will grow from $1.75 billion in 2024 to $1.87 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growing aquaculture industry, nutritional requirements, health and disease management.
The aquafeed additives market size is expected to see strong growth in the next few years. It will grow to $2.45 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to population growth and urbanization, environmental sustainability, regulatory changes, global economic trends. Major trends in the forecast period include research and development, sustainable practices, alternative proteins, functional feed ingredients, digitalization and precision aquaculture, customization in formulations, clean label additives.
The growth trajectory of the aquafeed additives market is anticipated to surge due to the escalating consumption and demand for seafood. Consumer preferences for seafood as a primary protein source, coupled with the rising interest in exotic marine species like shrimp and oysters, are driving this surge. These marine species offer substantial health benefits with high levels of vitamins, fats, essential amino acids, and beneficial oils like sardine oil and squid oil. For instance, the OECD projects a substantial rise in fish consumption, estimating a 16. 3% increase by 2029, with 90% of produced fish anticipated for human consumption. Thus, the escalating consumption of seafood and marine species is a prime driver for the aquafeed additives market.
The rise in government initiatives supporting aquaculture practices is expected to drive the growth of the aquafeed additives market in the coming years. Governments in countries such as India, the USA, China, and others are launching various programs to promote aquaculture development in their regions. Aquafeed additives play a crucial role in aquaculture by enhancing feed quality and supporting the growth and health of aquatic species like fish and shrimp. For instance, in December 2022, the Australian government introduced the Supporting Australia’s Seaweed Program, demonstrating its dedication to advancing a sustainable aquaculture industry. This initiative, with an $8 million investment over three years (2022-2025), seeks to encourage the commercial use of seaweed as a sustainable livestock feed alternative and as a strategy to reduce methane emissions in agriculture. As a result, the increase in government support for aquaculture practices is fueling the growth of the aquafeed additives market.
Innovation stands as a pivotal trend shaping the aquafeed additives market. Embracing innovation enables companies to stay competitive and continually enhance their offerings. This sector sees considerable diversification, producing numerous species across various production platforms. Companies focus on elevating nutritional knowledge, analyzing alternative raw ingredients, and employing cutting-edge innovations. Notably, in September 2022, Secma Cabon Solution Vide introduced MultyWays, a revolutionary aquafeed delivery system, featuring the patented CleanPipe system, DosAir, and Multiways valves. This integration optimizes output and profitability, allowing for increased yield with more frequent daily feedings, reduced manual handling, lower labor costs, and improved safety through minimized feeding motions.
Leading companies in the aquafeed additives market are increasingly focusing on innovative solutions such as precision nutrition concepts to boost nutritional efficiency in aquaculture while minimizing environmental impact by improving amino acid profiling in feed formulations. Precision nutrition in aquafeed additives involves a customized approach that optimizes feed based on the specific nutritional needs of fish, with an emphasis on achieving the ideal amino acid profile to enhance growth efficiency and reduce environmental impact. For example, in May 2024, Skretting, a Norway-based aquaculture feed company, introduced AmiNova, a new feed formulation concept. This approach is built around an optimal digestible amino acid profile, improving nutritional efficiency by precisely matching the fish's requirements and reducing excess nutrients. This innovation leads to better nutrient retention in fish, improving performance and significantly reducing nitrogen emissions, thereby supporting sustainable aquaculture practices.
In April 2022, Marel, an Iceland-based food processing company, completed the acquisition of Wenger Manufacturing LLC for a significant deal amounting to $540 million. This strategic move by Marel involves investing in emerging and complementary growth markets, marking the formation of a new business segment. Wenger Manufacturing LLC, based in the United States, specializes in processing solutions for pet food, plant-based proteins, and aquafeed, aligning well with Marel's expansion goals into new market segments, including the aquafeed sector.
Major companies operating in the aquafeed additives market include Alltech, Biorigin, Kemin Industries Inc., Norel SA, BioMar Group A/S, Cargill Inc., DuPont de Nemours Inc., Nutreco NV, Nutriad Ltd., Calanus AS, Olmix Group, Lallemand Inc., Nouryon B. V., Delacon Biotech Nik Ges. m. b. H., Camlin Fine Sciences Ltd., Diana S. A. S., Aller Aqua A/S, Archer Daniels Midland Company, Ridley Corporation Ltd., Thai Union, Inve Aquaculture Inc., Growel Feeds Pvt. Ltd., BASF SE, Bluestar Adisseo Company, Wilbur-Ellis Nutrition LLC, Purina Animal Nutrition LLC, Koninklijke DSM N. V., Skretting, Clextral S. A. S., Trouw Nutrition LLC, Balchem Corporation, AquaBounty Technologies, Scoular, Nutra Blend LLC.
Aquafeed additives refer to substances used to enhance the quality of aquatic species' diets by preserving the physical and chemical integrity of their feed. These additives, whether nutritive or non-nutritive, are incorporated in small quantities. Characterized by high protein and omega-3 fatty acids content, aquafeed additives contribute to improved nutritional value in feed, resulting in benefits such as accelerated growth rates, enhanced feed conversion efficiency, and a bolstered immune system.
The primary sources of aquafeed additives are animals, microorganisms, and plants. Animal-sourced additives encompass growth promotants, antibiotics, hormones, and essential nutrients in refined forms, such as vitamins, minerals, amino acids, cholesterol, and phospholipids. Aquafeed additive ingredients include anti-parasitic agents, feed acidifiers, prebiotics, essential oils, natural extracts, palatants, and other components. These ingredients are utilized in formulating feeds for various aquatic species, including carp, rainbow trout, salmon, crustaceans, tilapia, catfish, sea bass, and grouper.
The aquafeed additives market research report is one of a series of new reports that provides aquafeed additives market statistics, including aquafeed additives industry global market size, regional shares, competitors with a aquafeed additives market share, detailed aquafeed additives market segments, market trends and opportunities, and any further data you may need to thrive in the aquafeed additives industry. This aquafeed additives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
North America was the largest region in the aquafeed additives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aquafeed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aquafeed additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The aquafeed additives market consists of sales of preservatives, antioxidants, and emulsifiers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Aquafeed Additives Market Characteristics3. Aquafeed Additives Market Trends and Strategies4. Aquafeed Additives Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Aquafeed Additives Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Aquafeed Additives Market34. Recent Developments in the Aquafeed Additives Market
5. Global Aquafeed Additives Growth Analysis and Strategic Analysis Framework
6. Aquafeed Additives Market Segmentation
7. Aquafeed Additives Market Regional and Country Analysis
8. Asia-Pacific Aquafeed Additives Market
9. China Aquafeed Additives Market
10. India Aquafeed Additives Market
11. Japan Aquafeed Additives Market
12. Australia Aquafeed Additives Market
13. Indonesia Aquafeed Additives Market
14. South Korea Aquafeed Additives Market
15. Western Europe Aquafeed Additives Market
16. UK Aquafeed Additives Market
17. Germany Aquafeed Additives Market
18. France Aquafeed Additives Market
19. Italy Aquafeed Additives Market
20. Spain Aquafeed Additives Market
21. Eastern Europe Aquafeed Additives Market
22. Russia Aquafeed Additives Market
23. North America Aquafeed Additives Market
24. USA Aquafeed Additives Market
25. Canada Aquafeed Additives Market
26. South America Aquafeed Additives Market
27. Brazil Aquafeed Additives Market
28. Middle East Aquafeed Additives Market
29. Africa Aquafeed Additives Market
30. Aquafeed Additives Market Competitive Landscape and Company Profiles
31. Aquafeed Additives Market Other Major and Innovative Companies
35. Aquafeed Additives Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Aquafeed Additives Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aquafeed additives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for aquafeed additives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aquafeed additives market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Source: Animal; Microorganisms; Plant2) By Ingredient: Anti-Parasitic; Feed Acidifiers; Prebiotics; Essential Oils And Natural Extracts; Palatants; Other Ingredients
3) By Application: Carp; Rainbow Trout; Salmon; Crustaceans; Tilapia; Catfish; Sea Bass; Grouper; Other Application
Subsegments:
1) By Animal: Fish Meal; Bone Meal; Blood Meal2) By Microorganisms: Probiotics; Yeast Extracts; Fermented Products
3) By Plant: Plant Meals; Algal Extracts; Herbal Additives
Key Companies Mentioned: Alltech; Biorigin; Kemin Industries Inc.; Norel SA; BioMar Group A/S
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Aquafeed Additives market report include:- Alltech
- Biorigin
- Kemin Industries Inc.
- Norel SA
- BioMar Group A/S
- Cargill Inc.
- DuPont de Nemours Inc.
- Nutreco NV
- Nutriad Ltd.
- Calanus AS
- Olmix Group
- Lallemand Inc.
- Nouryon B. V.
- Delacon Biotech Nik Ges. m. b. H.
- Camlin Fine Sciences Ltd.
- Diana S. A. S.
- Aller Aqua A/S
- Archer Daniels Midland Company
- Ridley Corporation Ltd.
- Thai Union
- Inve Aquaculture Inc.
- Growel Feeds Pvt. Ltd.
- BASF SE
- Bluestar Adisseo Company
- Wilbur-Ellis Nutrition LLC
- Purina Animal Nutrition LLC
- Koninklijke DSM N. V.
- Skretting
- Clextral S. A. S.
- Trouw Nutrition LLC
- Balchem Corporation
- AquaBounty Technologies
- Scoular
- Nutra Blend LLC
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | January 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 1.87 Billion |
Forecasted Market Value ( USD | $ 2.45 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |
No. of Companies Mentioned | 35 |