Aquafeed & Aquaculture Additives Market Trends Analysis Report 2030

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Aquafeed Aquaculture Additives Market Size to
Cross 117 Bn by 2030
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Overview of Aquafeed Aquaculture Additives
Market

• The aquafeed aquaculture additives market is
  speculated to progress significantly by 2030
  owing to increasing consumption of fish across
  the globe. In addition, prevalent fish farming
  trends are likely to boost market growth over the
  forecast period.
• Aquafeed aquaculture additives enhance the
  physical and chemical quality of fishes and other
  aquatic animals. Growing consumption of seafood,
  coupled with increasing import-export activities
  across different countries, has positively
  influenced product demand in key regions
  worldwide.
• The industry faced a substantial threat due to
  supply chain disruptions. However,
  after COVID-19 cases declined, the aquafeed
  supply chains and recommencing of the aquaculture
  industry recorded a new high, thereby propelling
  industry growth.
• Major industry participants have been focusing on
  product innovations and effective growth
  strategies, such as mergers, acquisitions,
  collaborations, and partnerships, to improve
  their business presence in the aquafeed
  aquaculture additives market. For instance, in
  April 2022, BioMar Group, a leading agriculture
  feed manufacturer, acquired AQ1 Systems, a
  leading producer of acoustic feeding technology.
  The acquisition aimed to help BioMar fortify its
  feed business.

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• To cite another instance, in May 2021, Cargill
  Inc., a global food corporation, started AquaXcel
  feed production in its Serang plant to extend its
  customer reach in Indonesia. The innovation can
  enable faster fry growth, reduce feed waste, and
  increase the survival rate.
• Notably, in September 2021, Alltech Coppens, a
  leading developer of fish feed, announced the 50
  expansion of the Alltech Coppens Aqua Center
  (ACAC) with the objective of boosting its
  capacity for developing aquaculture industry
  solutions as well as product development. The
  expansion was purposed to enable the company to
  adhere to its commitment to pollution control,
  palatability, performance, and planet,
  specifically in fish nutrition.
• In November 2021, Ridley, an animal nutrition
  provider, in partnership with Australian Prawn
  Farms, revealed the world's first fish-free feed
  for sustainable shrimp production. The feed
  contains plant- and animal-based raw materials,
  including the microbial biomass ingredient Novacq.

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• Similarly, in March 2021, Biomin, an animal
  health and nutrition company, introduced Mycofix
  Plus 5.Z containing ZENzyme in the Asia Pacific
  region. The novel product is an all-in-one feed
  additive that promises to serve as a
  next-generation mycotoxin risk management
  solution for breeding animals and their
  off-springs.
• The LATAM aquafeed aquaculture additives
  industry is slated to exceed 6.0 billion in
  revenue by the end of the study timespan.
  Meanwhile, the aquafeed aquaculture additives
  market in Middle East Africa is expected to
  reach a valuation of approximately 3.30 billion
  by 2030.
• Notable participants in the Aquafeed
  Aquaculture Additives market include Biomar,
  Alltech, DSM, BASF, Ridley, Evonik, Cargill Inc,
  Beneo GmbH, Novus International, and others.

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