Newark, Oct. 04, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global aquafeed additives market is expected to grow from USD 4.40 billion in 2021 to USD 6.32 billion by 2030, at a CAGR of 4.10% during the forecast period 2022-2030.
As the global population is expected to reach 9 billion by the year 2050, there will be a growing demand for more food-which can be fulfilled by the aquaculture industry. Aquaculture is an essential part of the solution to the global food industry. Seafood is recognized as the healthiest food on the planet, with less environmental impact. Fish is significant to the nutritious diet around the globe. For these reasons, they are vital for regional, national, and global nutrition and food security strategies and play a crucial role in transforming food systems and eliminating malnutrition and hunger. The growing consumption of seafood is directly proportional to the rising demand for aquafeed. Thus, the rising demand for seafood across the globe is driving market growth.
Download PDF Brochure: https://www.thebrainyinsights.com/enquiry/sample-request/12846
The aquafeed additives are added during the preparation of the aquafeed to improve the quality of the feed, feed efficiency of the fish, and health performance. The aquafeed additives improve the growth, and immune response and induce the physiological functions in the fishes.
The aquafeed additives market is experiencing high growth owing to the rising consumption of seafood across the globe, which is propelling the growth of the aquafeed additives market. Increasing awareness about the health benefits of seafood is further propelling the growth of the market. However, the high cost of the aquafeed additives could hinder the growth of the market over the forecast period. In addition to this, fluctuation in raw material prices is also hampering the market’s growth in the upcoming years. However, rising research and development activities in aquafeed additives production are anticipated to offer various growth opportunities over the forecast period.
Major players in the global aquafeed additives market are Kemin Industries, Nouryon, Norel SA, …