Aquaculture Additives Market by Product (Amino Acids, Antibiotics, Vitamins, Feed Acidifiers,Anesthetic& Sedation Materials, Anti-Parasitics,Others), Applications,Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global aquaculture additives market is expected to grow from USD 1,212.3 Million in 2017 to USD 1,656.7 Million by 2025 at a CAGR of 4.0% during the forecast period from 2018-2025. Rising consumption of seafood due to increasing awareness regarding the health benefits associated with the additives to promote fish development isstimulating the market demand.Also, supportive government regulations and standards regarding the usage of insect protein in the product are also fuelling the market growth.
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The amino acids segment is dominating the market with the highest share of 31.20% in 2017
The product segment is classified into amino acids, antibiotics, vitamins, feed acidifiers, anesthetic& sedation materials, anti-parasitics, and others. The amino acids are dominating the market and valued around USD 378.23 million in 2017. Proteins are crucial ingredients for a healthy growth rate of fish. Fish and prawns are incapable of synthesizing proteins into amino acids including threonine, tryptophan, methionine, lysine, valine, and arginine.
The crustaceans segment is dominating the market and valued around USD 358.84 million in 2017
The applications segment is segmented into carp, mollusks, salmon, shrimps, tilapia, catfish, sea bass, trout, and others. The crustaceans is dominating the market with the highest share of 29.60% in 2017. Crustaceans are aquatic species and live both in marine and freshwater environments, while some have adapted to life on lands such as crabs. They provide a major share of omega fatty acids, vitamins, minerals and excellent source for amino acids including methionine, leucine, histidine, threonine, and valine, thereby driving the industry growth.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. TheAsia Pacific region is dominating the market with the highest share in 2017.Asia Pacific is dominating the market. Increase in aquaculture activities in the region due to plentiful availability of land along with favorable climatic conditions has resulted in a significant growth in demand for aquafeed.
The major players of market include Biomar, Ridely, Aller Aqua, and Archer Daniels Midland Company (ADM); BASF SE; Biomin Holding GmbH; Skretting A.S.; DSM; Evonik Industries AG; NEOVIA; Novus International, Inc.; De Heus Animal Nutrition B.V.; Nutriad International NV; Avanti Feeds Ltd.; NK Ingredients Pte Ltd.; and Bentoli, Inc.For instance, in January 2018, Cargill, Inc. opened a feed mill dedicated to the fish species in Andhra Pradesh, India. The facility, with a total capacity of over 90,000 tons annually, is anticipated to enable the company to increase its fish feed capacity threefold in the country.
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