Aquafeed & Aquaculture Additives Market is expected to reach approximately USD 179.81 billion by 2022

The global Aquafeed & Aquaculture Additives market was worth USD 56.27 billion in the year of 2012 and is expected to reach approximately USD 179.81 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 11.02% during the forecast period. Aquafeed, also recognized as the fish feed, is an economically created food product for different aquatic species, for example, fish, crustaceans, and mollusks. Aquafeed is broadly utilized as a part of the aquaculture segment. Fish developed on ranches and nourishing on bugs found on products can likewise be sorted under the aquafeed market section. Properties of monetarily made feeds can be adjusted with the goal that they can skim on the surface of the water or sink to the base of the tanks where fish are reared. Besides, the content of different supplements in the feed can be controlled. This has prompted an expansion in prominence and development of the market in the course of recent years. Expanding aquaculture exercises is one of the essential variables anticipated that would drive the aquafeed requirement over the conjecture time frame. Likewise, developing human utilization of fish attributable to rising consumer awareness about its advantages is relied upon to boost demand for aquafeed throughout the following couple of years.

Nonetheless, unstable prices of necessary ingredients that are utilized in the production of fish feed like fish oil and fish meal is anticipated to hinder the development of the market. The global demand for fish feed in 2014 was 41,627.6 kilo tons and is anticipated to witness significant growth in the following years. In 2014, On the basis of revenue the market was worth USD 69,721.9 million. Increasing demand for fish and fish oil items due to growing awareness of consumers regarding the benefits of omega 3 is anticipated to fuel the development of this market.

Product Outlook and Trend Analysis

In 2014, Amino acids were the biggest item section of the aquaculture additives market representing more than 25 percent of the income share. Proteins are necessary macromolecules which are vital for sound development of the fish. Fish are incapable of incorporating ten key amino acids, viz., methionine, leucine, arginine, phenylalanine, tryptophan, threonine, isoleucine, lysine, valine and histidine. Thus, an ever increasing number of producers are adding protein sources to aquafeed to upgrade development and enhance general wellbeing. Feed acidifiers are relied upon to witness the most elevated development throughout the following years. Feed acidifiers assist in enhancing the level of gastric acids in creatures which reinforce their digestion system by directing food assimilation. An ideal acid level likewise helps in decimating destructive bacteria rearing including E Coli and Salmonella in the gastro intestinal tract.

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Market Classification

  • Aquafeed & Aquaculture Additives Market, By Product, Estimates and Forecast, 2012-2022 ($Million)
  • Feed Acidifiers
  • Antibiotics
  • Vitamins
  • Amino Acids
  • Other Products
  • Aquafeed & Aquaculture Additives Market, By Application, Estimates and Forecast, 2012-2022 ($Million)
  • Carp
  • Salmon
  • Mollusks
  • Tilapia
  • Crustaceans

Other Applications

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