Fishfeed Additive Shrimp Feed Additives Market, By Animal Type, By Additive Type, By Geography

The global fish feed additive and shrimp feed additive market is projected to reach around US$ 79.64 Billions by the end of 2030, in terms of revenue, growing at CAGR of 7.6% during the forecast period (2023-2030).

Global Fish feed additive and shrimp feed additive Market Share (%) By Region, in 2023

A fish feed additive is a product designed to boost fish and shrimp growth. They can be nutritive or non-nutritive and influence different systems within the animal. In addition to aiding in the overall growth of the animal, feed additives may also reduce the cost of production by increasing feed efficiency. Natural feed additives have been proven to improve shrimp survival. Some additives are effective against Vibrio species, while others are better at protecting the shrimp's gut flora.

Fish and shrimp feed refers to food that is given to the aquatic animals for their survival. Additives are nutritive ingredients that are supplemented in small quantities to improve the quality of fish or shrimp as a final product, to preserve the physical and chemical quality of their diet, or to maintain the quality of the aquatic environment. The Global Fish, Fish Feed, Fish Feed Additives, Shrimp, Shrimp Feed, and Shrimp Feed Additives Market is Segmented by Animal Type (Fish and Shrimp), Additive Type (Binders, Vitamins, Amino Acids, Antioxidants, Enzymes, Antibiotics, Minerals, and Acidifiers), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecast in terms of value (USD million) and in terms of volume (Metric ton) for the above-mentioned segments.

The Fish Feed and Shrimp Feed and Additives Market have witnessed substantial growth in recent years. This growth can be attributed to various factors such as the increasing demand for seafood, the expansion of aquaculture activities, and the rising focus on sustainable aquaculture practices. The market for fish and shrimp feed and feed additives is growing rapidly, owing to the increase in production and consumption of fish and shrimp. The increase in demand for high-quality fish and shrimp, as well as the development of processed and innovative value-added products, are expected to drive the feed and feed additive market.

Market Dynamics

Rapid growth in the aquaculture industry due to increasing consumption of fish is primarily fueling growth of the global Fish Feed Additive and Shrimp Feed Additive market. Moreover, supportive government regulations for the fisheries and aquaculture industries are again propelling market's growth. For instance, in September 2022, the Indian government announced an outlay of US$ 1.6 billion to support the fisheries, animal husbandry, and aquaculture industries, which is expected to drive the industry in India by increasing the demand for feed and feed additives.

On the other hand, outbreaks of disease across major markets, coupled with the increasing use of antibiotics, are projected to hamper market's growth.

Key features of the study:

• This report provides in-depth analysis of the global fish feed additive and shrimp feed additive market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global fish feed additive and shrimp feed additive market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study Alltech Inc., Aller Aqua A/S, Biomar A/S, Biomin GMBH, Cargill Incorporated, Nutreco NV, Ridley Corporation, Archer Daniels Midland Co., BASF SE, and Nutriad International
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
• Global fish feed additive and shrimp feed additive market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the fish feed additive and shrimp feed additive market

Fish Feed and Shrimp Feed and Additives Market Detailed Segmentation:

• By Animal Type:
  • Fish
  • Shrimp
• By Fish Feed Additive Type:
  • Binders
  • Vitamins
  • Amino Acids
  • Antioxidants
  • Enzymes
  • Antibiotics
  • Minerals
  • Acidifiers
• By Shrimp Feed Additive Type:
  • Binders
  • Vitamins
  • Amino Acids
  • Antioxidants
  • Enzymes
  • Antibiotics
  • Minerals
  • Acidifiers
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
• Company Profiles
  • Alltech Inc.
  • Aller Aqua A/S
  • Biomar A/S
  • Biomin GMBH
  • Cargill Incorporated
  • Nutreco NV
  • Ridley Corporation
  • Archer Daniels Midland Co.
  • BASF SE
  • Nutriad International