Aquafeed Additives Market: By Product Type (Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Vitamins, Minerals, Phosphates, Phytogenic, Probiotics, and Others) By species (Salmon, Seabass, Seabream, Trout, Turbot, Carp, Tilapia, Catfish, Shrimp, Crawfish, and Others)  and Geography  

Aquafeed Additives Market size was valued at USD 1,925.9 million in 2023 and is expected to grow at a CAGR of 5.4% from 2024 to 2030. Aquaculture Feed Additives are the substances integrated into aquatic feed to supply essential nutrients that are not present in the natural diet of aquatic food. The aqua feed additive market has been rising rapidly due to rising demand for high-quality fish and seafood products. This trend is anticipated to continue in the future as the global population continues to rise and the demand for protein from aquatic sources increases. The increasing global demand for fish and seafood products is a substantial growth driver for the market. As the global population continues to increase, the consumption of high-quality seafood is expected to increase due to the several health benefits associated with it, including escalating cognitive development in children, helping in decreasing the risk of cardiovascular diseases and decreasing the fat level in the body that reduces the risks associated with obesity.

Moreover, companies are focusing on expanding their production lines to enhance their product portfolio. For instance, Orffa enlarged its aquaculture depository by initiating three product lines: ingredients, specialties, and veterinarian pharma products in 2021 which comprises a vital blend of branded additives. Moreover, Small-scale aquaculture farming is adopted by developing regions to raise the fecundity of various commercial species and to generate substantial growth opportunities in the global aquaculture feed additives market. However, the complications associated with aquaculture feed additives include the high cost of aquafeed additives, stringent regulations, environmental concerns, and market fragmentation. However, the key opportunities associated with these aquaculture feed additives include continued research and development efforts that have led to advancements in additive technologies for aquafeeds. Manufacturers that invest in innovation and develop novel additives with improved efficacy, stability, and functionality have a competitive edge in the market. Innovations such as microencapsulation, novel enzymes, and probiotics offer opportunities for differentiation and value creation.

Aquafeed Additives Market Key Developments:

• In April 2023, Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 percent of the world with its products and services, launched Pathorol, a shrimp supplementation product that improves the health of the hepatopancreas, an organ in the crustacean's digestive tract, for customers in India, Thailand, Vietnam, Indonesia, and Singapore.
• In 2020, Cargill acquired LNB International Feed, a leading aquafeed manufacturer based in Taiwan. This acquisition expanded Cargill's aquafeed production capacity and market presence in the Asia-Pacific region.