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Global Application Security Market: Unprecedented Growth, Key Drivers and Emerging Trends
Application Security Market
The Aquafeed Additives Market Projected to Showcase 7.1% CAGR Driven by Increasing Demand for Exotic Marine Species and Advancements in Nutritional Requirements
What Is The Projected Market Size Of The Global Aquafeed Additives Market And Its Growth Rate?
- The aquafeed additives market size has seen remarkable growth in recent years, growing from $1.75 billion in 2024 to $1.87 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%.
- Factors contributing to this growth include a booming aquaculture industry and advancements in nutritional requirements and health & disease management.
- The aquafeed additives market is forecasted to continue its strong growth, reaching $2.45 billion in 2029 at a CAGR of 7.0%.
- Key trends to watch include research & development, sustainable practices, alternative proteins, functional feed ingredients, digitalization & precision aquaculture, customization in formulations, and clean label additives.
What Is Driving The Growth In The Aquafeed Additives Market?
Rising seafood consumption and demand are major drivers for the growth of the aquafeed additives market. Consumers' preference for seafood as a protein source and growing demand for exotic marine species like shrimp and oysters have boosted the seafood sector. These species not only fulfil protein requirements but also furnish essential vitamins, fats, fatty oils, amino acids, phospholipids, and cholesterol beneficial for health. According to the Organization for Economic Cooperation and Development (OECD), 90% of the fish produced will be consumed by humans, with consumption anticipated to rise by 16.3% by 2029. Therefore, the surge in seafood and marine species consumption is expected to fuel the growth of the aquafeed additives market.
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Who Are the Key Players Driving Aquafeed Additives Market Growth?
Prominent companies 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
- and many more...
What Are The Key Trends In The Aquafeed Additives Market?
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
What Are The Segments Of The Global Aquafeed Additives Market?
The main segments in the aquafeed additives market covered in this report are:
1) Source: Animal, Microorganisms, Plant
2) Ingredient: Anti-Parasitic, Feed Acidifiers, Prebiotics, Essential Oils And Natural Extracts, Palatants, Other Ingredients
3) Application: Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, Other Applications
Which Region Leads The Aquafeed Additives Market?
North America held the largest share of the aquafeed additives market in 2024. However, Asia-Pacific is anticipated to register the fastest growth during the forecast period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aquafeed Additives Market Global Market Report?
- Market Size Analysis: Analyze the Aquafeed Additives Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aquafeed Additives Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aquafeed Additives Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aquafeed Additives Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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