Aquafeed Additives Market

Protein and Mineral-rich Aquafeed Additives Contribute toward Market Growth

Aquaculture is one of the fastest developing animal production industries worldwide. This has created a demand for protein-rich and nutritious aquafeed additives that are a healthy source of fatty acids. Growing concerns about obtaining the right vitamin and mineral additives for aquatic animals are some of the key drivers contributing toward market growth. Increased awareness about premixes has triggered the demand for aquafeed additives. For instance, animal nutrition company Alltech revealed in their Annual Alltech Global Feed Survey that the global feed production is rising. This is evident since the aquafeed additives market is estimated to reach a revenue of ~US$ 2.2 Bn by the end of 2029.

Due to the growing demand for mineral-rich aquafeed additives, companies are experiencing an uptake in the sale of premixes. Increased awareness about bioavailability in these additives is another key driver for market growth. Hence, companies in the aquafeed additives market are increasing production capabilities in straight mineral supplements to meet the demand of end users.

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Manufacturers Focus on Revenue Opportunities in Asia Pacific

Companies in the aquafeed additives market are eyeing opportunities in Asia Pacific and Europe, since the production of aquaculture feed is anticipated to increase in these regions. Manufacturers are targeting countries such as Vietnam, India, and Indonesia to create steady revenue streams. Likewise, China is also emerging as a profitable region for business expansions. These drivers have triggered the demand for feed supplements for optimum shrimp farming. Thus, companies in the aquafeed additives market are increasing R&D to introduce phytomolecules, prebiotics, and organic acids in these supplements.

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In the ever-evolving aquaculture industry, feed supplements with phytomolecules carvacrol and cinnamaldehyde are becoming increasingly mainstream. Manufacturers are gaining expertise in liquid aquafeed additives for flexible use so that phytomolecules are stabilized using an emulsifier. Moreover, growing concerns of animal welfare have created a demand for aquafeed additives that improve the intestinal health and digestion of aquatic animals. Manufacturers are increasing awareness about adequate application of feed additives to prevent incidences of negative consequences during their production.

Health-promoting Functional Ingredients Drive Innovations in Shrimp Feed

Functional ingredients are being highly publicized in the aquafeed additives market, owing to their advantages in improving the health and development of shrimps. There is a growing demand for functional ingredients for the development of novel feed additives that improve the immune response and other physiological responses of aquatic animals. Companies in the aquafeed additives market are aiming at enhancing the reproductive functions of shrimps, while supporting the animal’s response against oxidative stress.

Since shrimps and aquatic animals are susceptible to diseases and environmental stress such as fluctuation of oxygen and salinity, novel feed additives can help to improve the health of these animals, so that they can withstand harsh circumstances. Manufacturers are increasing their production capabilities to develop feed additives involving nucleotides, since these compounds form the basis for early stage development in aquatic animals. Nucleotides are acquiring popularity for their ability to enhance disease resistance and tolerance in shrimps.

Natural Feed Additives Overcome Challenges Associated with Environmental Sustainability and Animal Welfare

The aquafeed additives market is expected to expand at a modest CAGR of ~5% during the forecast period. However, challenges associated with environmental sustainability, animal welfare, and profitability act as barriers for market growth. Since aquaculture directly impacts farm environments, as fish and shrimp consume feed and release ammonia and feces in water, there is a growing need to valorize fish feed. Hence, manufacturers are developing natural aquafeed additives for aquaculture species. For instance, Nor-Feed- a provider of natural solutions for animal health & nutrition has expanded its product portfolio with Norponin Opti and Norponin Aqua, natural aquafeed additives that decrease the ammonia released by aquatic animals.

The demand for natural additives is estimated to grow in the aquafeed additives market, as animal welfare is an everyday concern for fish farmers. Product innovations are focused on animal welfare where manufacturers are adding lemon balm extracts and soluble magnesium in additives that help to naturally calm aquatic animals.

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Analysts’ Viewpoint

Natural feed additives are generating incremental opportunities for companies that cater to demanding needs of end users. Novel compounds such as phytomolecules, prebiotics, and organic acids are helping manufacturers to leverage the nutritional value of feed supplements. However, phytomolecules are not heat stable, and heat treatment increases the loss of phytomolecules in supplements, thus reducing their efficacy in aquatic animals. Hence, manufacturers in the aquafeed additives market should coat phytomolecules onto the feed with a drum or vacuum coater after pelleting. Manufacturers should tap opportunities in countries of Asia Pacific such as Vietnam and China to capitalize on the rising production of feed additives in these profitable countries.