A fish feed additive is a product designed to boost fish and shrimp growth. They can be nutritive or non-nutritive, and influence different systems within the animal. In addition to aiding in the overall growth of the animal, feed additives may also reduce the cost of production by increasing feed efficiency. Natural feed additives have been proven to improve shrimp survival. Some additives are effective against Vibrio species, while others are better at protecting the shrimp's gut flora.
Market Dynamics:
Rapid growth in aquaculture industry due to increasing consumption of fish is primarily fueling growth of the global fish, fish feed, fish feed additive, shrimp, shrimp feed, shrimp feed additive market. Moreover, supportive government regulations for fisheries and aquaculture industry is again propelling market growth. For instance, in September 2022, Indian government has announced an outlay of USD 1.6 billion to support fisheries, animal husbandry and aqua culture industry, which is expected to drive the industry in India increasing the demand for feed and feed additives.
On the other hand, outbreak of disease across major markets coupled with the increasing use of antibiotics are projected to hamper market growth.
Key features of the study:
- This report provides in-depth analysis of the global fish, fish feed, fish feed additive, shrimp, shrimp feed, shrimp feed additive market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global fish, fish feed, fish feed additive, shrimp, shrimp feed, shrimp feed market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Alltech Inc., Aller Aqua A/S, Biomar A/S, Biomin GMBH, Cargill Incorporated, Nutreco NV, Ridley Corporation, Archer Daniels Midland Co., BASF SE, and Nutriad International
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global fish, fish feed, fish feed additive, shrimp, shrimp feed, shrimp feed market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fish, fish feed, fish feed additive, shrimp, shrimp feed, shrimp feed market
Detailed Segmentation:
- Global Fish, Fish Feed, Fish Feed Additive, Shrimp, Shrimp Feed, Shrimp Feed Additive Market, By Animal Type:
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- Global Fish, Fish Feed, Fish Feed Additive, Shrimp, Shrimp Feed, Shrimp Feed Additive Market, By Additive Type:
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- Binders
- Vitamins
- Amino Acids
- Antioxidants
- Enzymes
- Antibiotics
- Minerals
- Acidifiers
- Global Fish, Fish Feed, Fish Feed Additive, Shrimp, Shrimp Feed, Shrimp Feed Additive Market, By Additive Type:
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- Binders
- Vitamins
- Amino Acids
- Antioxidants
- Enzymes
- Antibiotics
- Minerals
- Acidifiers
- Global Fish, Fish Feed, Fish Feed Additive, Shrimp, Shrimp Feed, Shrimp Feed Additive Market, By Geography (Fish and Shrimp):
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- North America
- Asia Pacific
- South America
- Middle East and Africa
- Europe
- Company Profiles:
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- Alltech Inc.
- Aller Aqua A/S
- Biomar A/S
- Biomin GMBH
- Cargill Incorporated
- Nutreco NV
- Ridley Corporation
- Archer Daniels Midland Co.
- BASF SE
- Nutriad International
