Aquatic Feed Additives Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Aquatic Feed Additives Market is segmented By Ingredient (Anti-parasitic, Feed Acidifiers, Prebiotics, Essential Oils & Natural Extracts, Palatants, Others), By Species Type (Crustaceans, Catfish, Salmon, Carp, Mollusks, Mullet, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, And Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Aquatic Feed Additives Market Size

Global Aquatic Feed Additives Market reached USD 2.2 billion in 2022 and is expected to reach USD 3.3 billion by 2030 growing with a CAGR of 5.3% during the forecast period 2024-2031. The aquatic feed additives market is experiencing significant growth due to the increasing demand for high-quality and nutritionally balanced feed for fish and shrimp.

The market expansion is driven by the incorporation of additives such as growth promoters, probiotics, prebiotics, enzymes, immune modulators, antioxidants, and digestive enhancers, which play a crucial role in enhancing the overall health, growth, and performance of aquatic species. 

These additives improve feed quality, optimize digestion, enhance immune response, and mitigate the effects of stressors, ultimately contributing to improved growth, disease prevention, and sustainable aquaculture practices. With the global population growth and the need for sustainable protein sources, the demand for global aquatic feed additives is on the rise.

Aquatic Feed Additives Market Scope

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Aquatic Feed Additives Market Dynamics

Market Demand for Feed Additives is Being Driven by Growing Aquaculture Industry

The global increase in fish consumption and the rise in processed seafood sales brought on by rising middle-class incomes in developing nations are driving the aquaculture industry. As the aquaculture sector has expanded, there has been a rise in the demand for compound feed additives as a result of the industry's need for high-quality aqua feed. 

The demand for feed additives in aquaculture species is anticipated to increase as commercial aquaculture production increases. Feed additives are primarily used in fish and prawn diets to improve growth and decrease mortality. According to National Oceanic and Atmospheric Administration, with a market value of USD 958.9 million in 2021, fish has a sizable market share for feed additives, compared to the USD 70.5 million market for prawns. This is brought on by both the rising fish consumption and the 1.5% volumetric increase in fish population between 2020 and 2021. 

Increasing Direct Human Consumption of Fish and Fish Products

There is a rising demand for fish as a primary source of protein and essential nutrients in many regions around the world. As a result, the aquaculture industry has been expanding to meet this demand and ensure a sustainable supply of fish. With the growing awareness of the health benefits associated with fish consumption, including its high omega-3 fatty acid content, consumers are increasingly seeking safe and nutritious fish products. Aquatic additives help ensure that farmed fish meet the desired nutritional profile, including the presence of omega-3 fatty acids and other essential nutrients.

Stringent Regulatory Environment and Compliance

The aquatic additives market facing challenges due to the stringent regulatory environment and compliance requirements imposed by governing bodies. These regulations are in place to ensure the safety, efficacy, and environmental sustainability of the additives used in aquaculture. However, navigating through the complex regulatory landscape can be time-consuming and expensive for manufacturers and suppliers.

Aquatic Feed Additives Market Segmentation

The global aquatic feed additives market is segmented based on ingredient, species type, and region.

In the Global Market of Aquatic Feed Additives, the Feed Acidifiers Segment Holds the Largest Market Share.

The feed acidifiers segment emerged as the market leader, capturing the largest revenue share of overall market. These additives, utilized to reduce the pH level in animal feed, have gained significant popularity in recent years. The growing global population and the increased demand for animal protein are key factors propelling the expansion of the aquatic feed additives industry. Consequently, this surge in the aquatic feed additives sector is driving the demand for feed acidifiers, contributing to their dominant position in the market. For instance, in May, 2021, The Animal Nutrition and Feed Technology, published that the acidifiers in aquafeed as an alternate growth promoter for aquatic animals.

Numerous advantages of feed acidifiers for fish have been demonstrated, including increased feed effectiveness, decreased risk of disease, and improved gut health. Utilisation of feed acidifiers is driven by these advantages. Additionally, consumers are demanding more natural and organic goods, a trend that is also visible in the feed sector. As a result, producers are using more natural components, such as organic acids like citric acid and lactic acid, as feed acidifiers.

Source: DataM Intelligence Analysis (2023)

Aquatic Feed Additives Market Geographical Share

The North America Region Held the Largest Share in Aquatic Feed Additives Market.

In 2022, the North America region accounted for approximately 31.1% of the market share in the global aquatic feed additives market. North America has a long history of aquaculture, and the industry is well-established in the region. This provides a strong foundation for the growth of the aquafeed additives market. Aquatic feed additives can improve the growth, health, and productivity of farmed fish and more people are becoming aware of these benefits, the demand for aquafeed additives is expected to increase.

On the other hand, North America has stringent regulations in place to ensure the safety and environmental impact of aquafeed ingredients. These regulations help to protect consumers and the environment, and they also provide a level of certainty for businesses in the aquatic feed additives market.

Additionally, government in North America are providing support for the aquaculture industry. This support includes research and development funding, as well as financial assistance for aquaculture businesses. For instance, on June 17, 2020, Mississippi State University (MSU) has allocated $5.7 million to Feed the Future Innovation Lab for Fish. The Fish Innovation Lab, funded by the U.S. Agency for International Development as part of the U.S. Government's Feed the Future programme, promotes research on sustainable aquaculture and fisheries systems in order to lower poverty and enhance nutrition, food security, and livelihoods in developing nations.

Source: DataM Intelligence Analysis (2023)

Aquatic Feed Additives Companies

The major global players in the market include Norel SA, Lallemand Inc., DuPont de Nemours Inc, Biorigin, Olmix Group, Calanus AS, Aker Biomarine, Nutriad Inc., Nouryon, and Olmix Group.

COVID-19 Impact on Aquatic Feed Additives Market

Covid-19 Impact

The market has been significantly impacted by the COVID-19 pandemic. Early in 2020, a pandemic suddenly broke out, disrupting the world's supply chains and causing delays and shortages of raw materials and finished goods. As a result, manufacturers of aquatic feed additives face higher costs, lower production capacity, and restricted product availability.

Due to lockdowns and quarantine protocols, numerous fish farms and aquaculture operations were forced to temporarily halt or reduce their production levels, which had an impact on the demand for the product. The challenges faced by manufacturers have been made even more difficult as a result of the decline in demand for aquatic feed additives.

Key Developments

• On April 17, 2023, Kemin Industries, Inc. an ingredient manufacturer launched natural additive Pathorol for shrimps. A patent-pending product called Pathorol was produced to help shrimp maintain good health throughout their growth cycle and to support a healthy hepatopancreas and digestive system. It has been demonstrated that the mixture of phytogenic compounds known as pathorol improves the performance and productivity of pond-raised prawns.
• On June 6, 2022, ADM launched Acquatrax, functional nutritional solutions to enhance shrimp immunity and growth. The innovative Pichia guilliermondii yeast-based feed additive called AquaTrax was created for prawns. Additionally, it is incorporated into the Api Camarón functional feed formulation, which is currently sold in Mexico and will soon be available in other parts of the world.
• On June 15, 2023, The F3 – Future of Fish Feed has launched its newest aquaculture feed contest. Each competitor's feed enhancer, attractant, or other feed-enhancing product free of marine-animal ingredients will be incorporated into an F3-designed, plant-based feed for Atlantic salmon as part of the competition, which will be conducted as a comparative feeding trial.

Why Purchase the Report?

• To visualize the global aquatic feed additives market segmentation based on ingredient species type and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of aquatic feed additives market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global aquatic feed additives market report would provide approximately 93 tables, 109 figures and 190 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies