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Aquaculture Additives Market Intelligence Report Provides Potential Growth for 2024 to 2031 | Archer Daniels Midland Company, Alltech, BASF SE
Aquaculture Additives Market || 2024-2031
DataM Intelligence has published a new research report on "Aquaculture Additives Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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The aquaculture additives market includes a diverse range of substances and compounds designed to enhance the health, growth, and yield of farmed shrimp, fish, and other aquatic animals. These additives play a crucial role in modern aquaculture by optimizing feed formulations, improving water quality, boosting disease resistance, and promoting overall animal welfare.
As the global aquaculture industry continues to expand to meet the rising demand for seafood, the market for aquaculture additives has seen significant growth and innovation. In September 2023, UK-based BioKind introduced sustainable protein production for aquaculture feed additives, utilizing natural fermentation of agricultural waste. This eco-friendly method helps reduce over-fishing, lower carbon emissions, and eliminate toxins.
The salmon segment holds over 25.54% of the aquaculture additives market share, while North America leads the market, capturing more than one-third of the total share. Companies in North American feed and aquaculture are heavily investing in research and development (R&D) to create innovative technologies and additives tailored to local market needs.
Key Developments:
In July 2023, Nor-Feed, a company specializing in plant- and plant-extract-based natural feed additives for animals, launched two new aqua feed additives: Norponin Opti and Norponin Aqua. These products are designed to reduce ammonia, a common waste product in aquaculture.
In December 2023, Skretting, an aquaculture feed manufacturer, introduced Nutra Terra, a new generation of hatchery feed that enhances resource utilization while lowering emissions.
In April 2023, Kemin AquaScience unveiled Pathorol, a phytogenic-based feed additive aimed at improving the health of farmed shrimp in several Asian countries. This additive helps mitigate the effects of parasitic infections and promotes hepatopancreatic health in shrimp.
Research Process:
Both primary and secondary data sources have been used in the global Aquaculture Additives Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
List of the Key Players in the Aquaculture Additives Market:
Archer Daniels Midland Company, Alltech, BASF SE, Skretting, Cargill, Incorporated, Koninklijke DSM N.V., Nutreco N.V., Novus International, Inc., Evonik Industries AG and Kemin Industries, Inc.
Segment Covered in the Aquaculture Additives Market:
By Additive Type: Antibiotics, Antibiotics, Vitamins, Amino Acids, Minerals, Enzymes, Probiotics and Prebiotics, Binders, Others
By Species: Salmon, Tilapia, Carp, Catfish, Trout, Shrimp, Others
By Functionality: Disease Prevention and Control, Growth Promotion, Feed Efficiency Improvement, Water Quality Management, Others
By Form: Liquid, Dry, Powder, Granules, Others
By Distribution Channel: Supermarkets/Hypermarkets, Online Retail, Specialty Stores, Others
Regional Analysis:
The global Aquaculture Additives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Aquaculture Additives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Aquaculture Additives Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Aquaculture Additives manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Aquaculture Additives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
Q1) How Big is the Aquaculture Additives Market?
A) Global Aquaculture Additives Market reached US$ 10.89 billion in 2023 and is expected to reach US$ 16.10 billion by 2031, growing with a CAGR of 4.94% during the forecast period 2024-2031.
Q2) Who are the key players of Aquaculture Additives Market?
A) Archer Daniels Midland Company, Alltech, BASF SE, Skretting, Cargill, Incorporated, Koninklijke DSM N.V., Nutreco N.V., Novus International, Inc., Evonik Industries AG and Kemin Industries, Inc.
Q3) What are the regions covered in this report?
A) The global Aquaculture Additives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa
4) What are the Segments Covered in this report?
A) The Aquaculture Additives market is segmented as By Additive Type, By Species, By Functionality, By Distribution Channel, By Form and By Region
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