Aquaculture Additives Market – Global Industry Analysis and Forecast (2023-2029)

Aquaculture Additives Market size is expected to reach nearly US$ 3.08 Bn by 2029 with the CAGR of 4.42% during the forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Aquaculture Additives Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in market.



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The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

On the basis of application, the preservation segment is estimated to hold the largest share in the global aquaculture additive market during the forecast period due to widespread usage of aquaculture additive in developing countries such as India and China. The rise in demand for nutrition across the globe is also expected to drive the global market during the forecast period in a positive way. Based on the product type, amino acids segment is projected to hold the largest share in the global aquaculture additive market during the forecast period as rising demand for the amino acids in nutrition application across the globe. Vitamins segment is also estimated to surge the global market growth in a positive way.

Growing technological advancements in aquaculture additive are expected to surge the global market growth in the near future. The rise in usage of aquaculture additive for surge immunity and protect aquatic animals from infection is propelling the global aquaculture additive market in a positive way. The increasing investments in R&D by manufacturers, which is anticipated to boost the global aquaculture additive market growth during the forecast period. Increasing need for surge the production and offer basic nutrients to aquatic organisms is driving the global aquaculture additive market growth in a positive way.

The rise in demand for the aquaculture additive across the globe is also expected to fuel the global aquaculture additive market growth in the near future. Aquaculture has a growing importance in the global animal agriculture industry as expansion in the global economy and an increase in disposable income of consumers across the globe, which is fueling the global market growth. Global market is driven by the easy availability of raw materials across the globe. However, fluctuation in prices of raw materials, which is expected to restraint the global aquaculture additive market growth during the forecast period.

In terms of region, the Asia Pacific is expected to hold the largest share in the global aquaculture additive market growth during the forecast period due to rise in demand for the aquaculture additive in chemical & petrochemical. North America is expected to generate the highest CAGR in the market during the forecast period owing to raising awareness regarding health and fitness in this region. Middle East & Africa is also estimated to drive the global aquaculture additive market growth in the near future as growing demand for aquaculture additive in the medical application in this region.
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Aquaculture Additives Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.27 Bn.


Forecast Period 2023 to 2029 CAGR:
4.42%
Market Size in 2029:
US $ 3.08 Bn.


 Segments Covered:
by Product Type
Amino Acids
Antibiotics
Vitamins
Feed Acidifiers
Others


by Application
Preservation
Processing
Nutrition
Others


by Source
Natural
Synthetic


by Form
Dry
Liquid


by Livestock
Poultry
Swine
Ruminants
Aquatic Animals
Others



Global Aquaculture Additives Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players:
1. Alltech Inc.
2. Cargill, Inc.
3. Bentoli, Inc.
4. Norel S.A.
5. TECHNA SA
6. Evonik Industries
7. Royal DSM
8. BIOMIN Holding GmbH
9. Bluestar Adisseo Co., Ltd.
10.Archer Daniels Midland Company
11.BASF SE
12.Skretting A.S
13.NEOVIA
14.Novus International, Inc.
15.De Heus Animal Nutrition B.V.
16.Nutriad International NV
17.Avanti Feeds Ltd.
18.NK Ingredients Pte Ltd
19.Ridley Corporation Limited
20.Aller Aqua A/S
21.Cermaq Group AS
22.ADDCON GmbH
23.BIOMIN Holding GmbH

Frequently Asked Questions:

1. Which region has the largest share in Global Aquaculture Additives Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Aquaculture Additives Market?
Ans: The Global market is growing at a CAGR of 4.42% during forecasting period 2023-2029.

3. What is scope of the Global Aquaculture Additives market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Aquaculture Additives market?
Ans: The important key players in the Global market are – Alltech Inc., Cargill, Inc., Bentoli, Inc., Norel S.A., TECHNA SA, Evonik Industries, Royal DSM, BIOMIN Holding GmbH, BASF SE, Skretting A.S, NEOVIA, Novus International, Inc., Nutriad International NV, Avanti Feeds Ltd., NK Ingredients Pte Ltd, Aller Aqua A/S, Cermaq Group AS, ADDCON GmbH and BIOMIN Holding GmbH.

5. What is the study period of this market?
Ans: The Global market is studied from 2022 to 2029.