Aquafeed Antioxidants Market by Size, Share, Forecasts, &...

Aquafeed Antioxidants Market by Size, Share, Forecasts, & Trends

Posted 2024-01-23 07:48:47

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The world's population increasingly depends on fisheries and aquaculture as their main source of protein, income, and well-being. For Instance, in 2019, 19.2 pounds of seafood were consumed per person in the United States (US.). Additionally, the increasing demand for fish and aquatic goods in Europe and other parts of the world is increasing aquaculture output, which fuels worldwide aquafeed sales. Therefore, owing to such factors the market is estimated to flourish over forecasted period.

Global aquafeed antioxidants market was valued at USD 69.17 million in 2021 and is expected to reach USD 101.42 million by 2029, registering a CAGR of 4.90% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Explore Further Details about This Research Aquafeed Antioxidants Market Report https://www.databridgemarketresearch.com/reports/global-aquafeed-antioxidants-market

Market Definition

Aquafeeds are produced meals for aquatic animals by combining a variety of additives and raw materials. These mixtures are made in accordance with the specific requirements of the animal's species and age. Aquafeed’s nutritional, immune-suppressing, and growth-promoting qualities have made it essential to the aquaculture sector. Aquafeed, also referred to as fish feed, is manufactured commercially to feed a variety of aquatic animals. It assists in supplying fish and other aquatic organisms with a full diet and the necessary nutrients. Molluscs, carps, shrimp, crustaceans, catfish, trouts, and other aquatic animals are among the countless aquatic species.

Aquafeed Antioxidants Market Scope and Segmentation

REPORT METRIC	DETAILS
Forecast Period	2022 to 2029
Base Year	2021
Historic Years	2020 (Customizable to 2014 - 2019)
Quantitative Units	Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered	Ingredient (Soybean, Fishmeal, Corn, Fish Oil, Additive, Others), Species (Fish, Crustaceans, Mollusks, Others), Form (Dry Form, Wet Form, Moist Form), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, Brooder Feed)
Countries Covered	U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA)
Market Players Covered	Cargill Incorporated (U.S.), ADM (U.S.), Alltech (U.S.), Purina Animal Nutrition LLC (U.S.), Nutreco N.V. (Netherlands), and Ridley Corporation Limited (Australia), DSM (Netherlands), BASF SE (Germany), DOW (U.S.), DuPont (U.S.), Frutarom Industries Ltd. (Israel), Chr. Hansen Holding A/S (Denmark), Ajinomoto Co. Inc. (Japan), Prinova Group LLC. (U.S.), Dishman Carbogen Amcis Ltd (India), Adisseo (China), AkzoNobel N.V. (U.S.) and Kalsec Inc. (U.S.)
Market Opportunities	Increased Favorable Initiatives by Government Surging Innovation and Improvements

Aquafeed Antioxidants Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

Rise in Aquaculture and Seafood Consumption

The rising worldwide seafood consumption and rising consumer awareness of the quality of seafood products will boost the market growth. Along with increased resource competence in aquaculture, growing preference for plant-based additives, increasing growth in the aquaculture industry, increasing trade in seafood, benefits associated with feed acidifiers, increasing protein digestibility among consumers, and improved immune response among others, the rising demand for exotic protein and omega 3 enriched fish species is the key factor escalating the market growth.

Furthermore, the presence of many market participants will further propel the growth rate of aquafeed antioxidants market. Additionally, growth in the aquafeed market has been aided by increase in per capita income, particularly in emerging countries, which will support the expansion of the aquaculture and aquafeed industries.

Opportunities

Surging Innovation and Improvements

Furthermore, the improvement of innovative products as a source of protein further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The companies in the aquafeed industry are concentrating on creating cutting-edge goods with greater nutrition and increased feed conversion. For instance, in order to meet the requirements for RAS feed in terms of feed efficiency, fish growth, and water cleanliness, Aller Aqua, a manufacturer of aquafeed with headquarters in Denmark, created new feed technology called PowerRAS in February 2019.

Increased Favorable Initiatives by Government

Additionally, the growing focus of government and the favorable initiatives towards the aquafeed antioxidants will further expand the future growth of the aquafeed antioxidants market. The American market supplies the majority of the world's demand for seafood. The National Marine Fisheries Service has put in place strict regulatory frameworks for the production, use, and marketing of fishing products, which has improved the organization and modernity of the aquafeed market.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Aquafeed Antioxidants Market Landscape

Part 05: Pipeline Analysis

Part 06: Aquafeed Antioxidants Market Sizing

Part 07: Five Forces Analysis

Part 08: Aquafeed Antioxidants Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework