Aquafeed Additives Market Growth & Trends
The aquafeed additives market size is estimated to reach USD 3,017.65 million by 2030, expanding at a CAGR of 4.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing significant growth, driven by the increasing demand for fish and other aquatic products as a source of protein.
The growth of the aquaculture industry is driving the demand for aquafeed additives, as farmers seek to improve the health of their stock. Additionally, the increasing awareness of the health benefits of fish consumption is also driving demand for fish and other aquatic products. One of the major trends in the market is the increasing use of functional ingredients. Functional ingredients, such as pre- and probiotics, essential oils, and enzymes are becoming more popular in fish feed as they help improve feed utilization and health, resulting in reduced mortality rates, and improved disease resistance.
Another trend is the increasing focus on sustainability and eco-friendliness. Aquafeed manufacturers are looking for ways to reduce their environmental impact and improve the sustainability of their products. This includes using alternative ingredients and reducing the amount of fishmeal and oil used in feed. Additionally, several company and governments are investing in R&D of alternative sustainable ingredients and methods for feed that are both cost effective and eco-friendly
Lastly, the increasing focus on research and development, and the introduction of new and advanced ingredients, are expected to create opportunities for key players. The market is expected to continue to grow over the forecast period, with an increasing number of players entering the market, thus triggering the growth. It's worth noting that the current global scenario and economic uncertainty might have an effect on the market.
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