Fish and shrimp feed additive Market Size, Share | Report 2031

Report Description

Global Fish and Shrimp Feed Additive Market Outlook 2031:

The global fish and shrimp feed additive market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of XX% during the forecast period 2023 - 2031. 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.

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.

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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.

Fish and Shrimp Feed Additive Market Trends, Drivers, Restraints, and Opportunities

• Increasing disposable income of middle-class population in emerging economies is expected to propel the fish and shrimp feed additive market growth 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 fish and shrimp feed additive 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 the fish and shrimp feed additive 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 Fish and Shrimp Feed Additive 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.

Fish and Shrimp Feed Additive Market Segment Insights

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

Based on animal types, the global fish and shrimp feed additive market share 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 global fish and shrimp feed additive market share 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.

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The vitamins & minerals segment is anticipated to exhibit high CAGR

Based on shrimp feed additive market by additive type, the global fish and shrimp feed additive 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.

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Asia Pacific is expected to dominate the market

In terms of regions, the global fish and shrimp feed additive 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.

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