Fish and shrimp feed additive Market

Global Fish and Shrimp Feed Additive Market by Animal Types (Ingredients [Cereals, Fishmeal & Fish Oil, Derivatives, Molasses, Ingredients, Oil Seeds, and Supplements]), Fish Feed Additive Market by Additive Types (Vitamins, Amino Acid, Binder, Enzymes, Antioxidants, Antibiotics, Acidifiers, and Minerals), Shrimp Feed Additive Market by Additive Type (Vitamins, Amino Acid, Binder, Enzymes, Antioxidants, Antibiotics, Acidifiers, and Minerals), Regions (North America, Asia Pacific, South America, Middle East & Africa, and Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-3774
  • Author: Growth Market Reports
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  • No. Of Pages: 190
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The global fish and shrimp feed additive market size is valued at USD 36,150.20 million and is estimated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of market is attributed to growing demand for high-quality aqua feed, increasing fish consumption globally, and rising demand for processed sea food.

Fish and Shrimp Feed Additive Market Key Takeaways

The fish feed act as an important part in the modern commercial aquaculture which provides balanced nutrition which is required by the farmed fish for their nourishment. The feeds are available in the form of pellets and granules, offer the required nutrition in a balanced and concentrated form, allowing the farmed fish to feed effectively and grow to their full potential.

Shrimp feed are derived so that it can fulfill the required nourishment and nutrition’s of farmed shrimps. It offers adequate level of minerals, vitamins, and essential amino & fatty acids which is required for the shrimps to be of high quality. The common ingredients required for the shrimp feeds are fish oil, fish & squid meal, cereal flour, and various additives.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing disposable income of middle-class population in emerging economies is expected to propel the market in the coming years.
  • Increasing fish consumption across the world and demand for high quality products for the industry is estimated to spur the market during the forecast period.
  • Growing demand for compound feed and feed additives within the industry is anticipated to boost the market during the projected period.
  • Rapid urbanization and a strong expansion of fish production and efficient distributaries are expected to impel the market during the forecast period.
  • Changing lifestyle and eating pattern along with the rising health concern among the population is estimated to augment the market in coming years.
  • Growing population and improving shrimp farming practices act as some of the factors responsible for market growth during the forecast period.
  • Rising demand for healthy shrimps all around the globe is anticipated to stimulate the market during the projected period.

Scope of the market

The report on global fish and shrimp feed additive market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Fish and shrimp feed additive Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Animal Types (Ingredients [Cereals, Fishmeal & Fish Oil, Derivatives, Molasses, Ingredients, Oil Seeds, and Supplements]), Fish Feed Additive Market by Additive Type (Vitamins, Amino Acid, Binder, Enzymes, Antioxidants, Antibiotics, Acidifiers, and Minerals), Shrimp Feed Additive Market by Additive Type (Vitamins, Amino Acid, Binder, Enzymes, Antioxidants, Antibiotics, Acidifiers, and Minerals)

Regional Scope

North America, Asia Pacific, South America, Middle East & Africa, and Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cargill; Alltech; Biomar; Aller Aqua; and Biomin.

Market Segment Insights

The fish oil and fishmeal segment is expected to hold major share of the market

Based on animal types, the market is segregated into ingredients. The ingredients segment is further segregated into cereals, fishmeal and fish oil, derivatives, molasses, ingredients, oil seeds, and supplements. The fish oil & fishmeal segment is expected to hold major share of the market in the coming years due to the development of dry pelleted fish feeds and majorly comprise of two themes, first improves the digestibility and enhances the balance of nutrition’s according to the species and second improves the shelf life of the used ingredients, thus escalating the market.

The vitamins segment is estimated to constitute the key share of the market

On the basis of fish feed additive market by additive type, the market is categorized into vitamins, amino acid, binder, enzymes, antioxidants, antibiotics, acidifiers, and minerals. The vitamins segment is estimated to constitute the key share of the market during the forecast period owing to growing number of commercial aquaculture farming witnessed and exponential increase in the demand for feed additive, it also improves the immunity system and uplift their growth phenomenon of the farmed fish allowing them to grow to their full potential stimulating the market.

Fish and Shrimp Feed Additive Market By Additive

The vitamins & minerals segment is anticipated to exhibit high CAGR

Based on shrimp feed additive market by additive type, the market is fragmented into vitamins, amino acid, binder, enzymes, antioxidants, antibiotics, acidifiers, and minerals. The vitamins & minerals segment is anticipated to exhibit high CAGR during the projected period owing to growing demand for healthy shrimps across the world, the usage of additive in the industry increased exponentially. Vitamins and minerals in shrimp feed provides required nutrition for the farmed shrimps which improves production cycle, harvest per unit area, and profit margin and at some level is eco-friendly, thus does not contaminate the environment.

Asia Pacific is expected to dominate the market

In terms of regions, the market is divided into North America, Asia Pacific, South America, Middle East and Africa, and Europe. Asia Pacific is expected to dominate the market for the next few years due to the increasing purchasing power of the middle class population of the developing countries such as China and India, along with the all time growing population and the demand for seafood products are some of the factors responsible for segments growth.

Fish and Shrimp Feed Additive Market By Regions

Segments

The global fish and shrimp feed additive market has been bifurcated on the basis of

Animal Types
  • Ingredients
    • Cereals
    • Fishmeal & Fish Oil
    • Derivatives
    • Molasses
    • Ingredients
    • Oil Seeds
    • Supplements
Fish Feed Additive Market by Additive
  • Vitamins
  • Amino Acid
  • Binder
  • Enzymes
  • Antioxidants
  • Antibiotics
  • Acidifiers
  • Minerals
Shrimp Feed Additive Market by Additive Type
  • Vitamins
  • Amino Acid
  • Binder
  • Enzymes
  • Antioxidants
  • Antibiotics
  • Acidifiers
  • Minerals
Regions
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa
  • Europe
Key players
  • Cargill
  • Alltech
  • Biomar
  • Aller Aqua
  • Biomin

Competitive Landscape

Key players competing in the global fish and shrimp feed additive market include Cargill; Alltech; Biomar; Aller Aqua; Biomin.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Fish and Shrimp Feed Additive Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fish and shrimp feed additive Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fish and shrimp feed additive Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fish and shrimp feed additive Market - Supply Chain
  4.5. Global Fish and shrimp feed additive Market Forecast
     4.5.1. Fish and shrimp feed additive Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fish and shrimp feed additive Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fish and shrimp feed additive Market Absolute $ Opportunity
5. Global Fish and shrimp feed additive Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Fish and shrimp feed additive Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Fish and shrimp feed additive Demand Share Forecast, 2019-2026
6. North America Fish and shrimp feed additive Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Fish and shrimp feed additive Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Fish and shrimp feed additive Demand Share Forecast, 2019-2026
7. Latin America Fish and shrimp feed additive Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Fish and shrimp feed additive Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Fish and shrimp feed additive Demand Share Forecast, 2019-2026
8. Europe Fish and shrimp feed additive Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Fish and shrimp feed additive Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Fish and shrimp feed additive Demand Share Forecast, 2019-2026
9. Asia Pacific Fish and shrimp feed additive Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Fish and shrimp feed additive Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Fish and shrimp feed additive Demand Share Forecast, 2019-2026
10. Middle East & Africa Fish and shrimp feed additive Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Fish and shrimp feed additive Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Fish and shrimp feed additive Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Fish and shrimp feed additive Market: Market Share Analysis
  11.2. Fish and shrimp feed additive Distributors and Customers
  11.3. Fish and shrimp feed additive Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cargill
     11.4.2. Alltech
     11.4.3. Biomar
     11.4.4. Aller Aqua
     11.4.5. Biomin
The global fish and shrimp feed additive market has been bifurcated on the basis of

Animal Types
  • Ingredients
    • Cereals
    • Fishmeal & Fish Oil
    • Derivatives
    • Molasses
    • Ingredients
    • Oil Seeds
    • Supplements
Fish Feed Additive Market by Additive
  • Vitamins
  • Amino Acid
  • Binder
  • Enzymes
  • Antioxidants
  • Antibiotics
  • Acidifiers
  • Minerals
Shrimp Feed Additive Market by Additive Type
  • Vitamins
  • Amino Acid
  • Binder
  • Enzymes
  • Antioxidants
  • Antibiotics
  • Acidifiers
  • Minerals
Regions
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa
  • Europe
Key players
  • Cargill
  • Alltech
  • Biomar
  • Aller Aqua
  • Biomin

Key players competing in the global fish and shrimp feed additive market include Cargill; Alltech; Biomar; Aller Aqua; Biomin.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Fish and Shrimp Feed Additive Market By Key Players

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