Aquaculture Additives Market Poised for Steady Growth in the Future By 2025

The global aquaculture additives market size was estimated at USD 1.18 billion in 2017. It is projected to expand at a CAGR of 3.2% during the forecast period. Growing knowledge among fish breeders about the advantages of supplying adequate nutrition to fish has been one of the primary factors driving the aquafeed market.
Fish is a valuable source of vitamins and proteins; thus, is primarily utilized for human consumption. It has the lowest fat levels among all forms of meat, such as poultry and cattle. Fish consumption reduces the risk of cardiovascular diseases, improves cognitive development in fetus and children, and reduces the levels of fat in the body, thereby minimizing the risks associated with obesity.
U.S. aquaculture additives market
Moreover, fish consumption pattern has witnessed major changes over the past few years owing to numerous factors including changing eating habits and increasing availability of a variety of fish in retail market. Rising consumer awareness regarding the health benefits of fish has boosted the demand in the past few years.
A variety of fish, such as salmon, tuna, whale blubber, seal blubber, and cod liver are used to obtain Omega 3 fatty acids. Rising health awareness among consumers is projected to augment the demand for supplements that aid in reducing body fat while improving overall health. Increasing prevalence of cardiovascular diseases, obesity, and other illnesses, such as diabetes is projected to augment the consumption of omega-3 based supplements over the next few years.
Furthermore, consumption of LC-omega 3, derived from either wild and farmed fish or encapsulated fish oil, helps maintain cardiovascular health and asthma, psoriasis, eczema, and Crohn’s disease. It also helps development of brain tissue and plays an important role during the last trimester of pregnancy as well as in infant nutrition.
The demand for protein is witnessing a surge as a result of rising consumer awareness regarding the consumption of high nutritional food. A high number of consumers in Asia Pacific is opting for protein sourced from animals. This is likely to propel the demand for fish food leading to a surge in the aquaculture additives market over the next few years.
Aquaculture additives contain antibiotics to prevent occurrences of bacterial diseases of fish. Antibiotics provide pathogenic protection to fish as well as promote metabolism. However, antibiotics market is anticipated to witness hurdles over the next eight years owing to implementation of bans on several products including malachite green, chloramphenicol, gentian violet, and nitrofuran as they cause water contamination.
Advancements in amino acids nutrition technology and their application in the formulation of environment-oriented and functional aquafeed is projected to aid market growth in the upcoming years. Furthermore, the regulations for reducing nitrogen level in feeds are projected to enhance the importance of low-protein amino acids.
Further key findings from the report suggest:
  • Amino acids product segment held the dominant market share of over 32.2% in 2017
  • Carp application segment is projected to ascend at a CAGR of 5.0% over the forecast period
  • Sea bass aquafeed is anticipated to expand at the highest CAGR, while salmon and mollusk segments are anticipated to witness above average growth over the forecast period
  • Aquaculture and aquafeed market players adopt strategies, such as acquisitions to widen their product offerings and countering the issues faced by aqua producers such as mineral absorption, feed costs, and efficiency
  • Some of the key companies present in the aquaculture additives market are Alltech, Inc.; BioMar A/S; Cargill, Inc.; Ridley Corporation Limited; Norel S.A.; Aller Aqua A/S; Beneo GmbH; Cermaq Group AS; Dibaq A.S.; and Addcon GmbH.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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