The global aquafeed additives market was valued at US$ -- in 2017 and growing at a significant CAGR over the forecast period owing to rise in demand for organic foods over synthetic ones and increase in demand for the consumption of the seafood across the globe are the driving factors for aquafeed additives market over the forecast period. Moreover, increased investments by the major companies in development of newer products and support of the government in developing the novel products expected to exhibit the significant growth over forecast period.

Global aquafeed additives market segmented on the basis of product type and application

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Probiotics Aquafeed Additives accounted for higher revenue share

Based on Product type, global aquafeed additives market segmented into amino acids, probiotics, antibiotics, vitamins, feed acidifiers, and others. Probiotics market accounted for larger revenue share in 2017 and projected to dominate over the forecast period due to its unique properties such as probiotics benefits to the aquatic species when administered in adequate amounts to the species.

Asia Pacific leads the Global Aquafeed Additives market

PBI’s global aquafeed additives market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Asia Pacific accounted for larger revenue share in 2017 and the same trend is projected to follow over 2018-2024 due to the increase in the production of aquaculture production along with salmon farming and adopting to easy farming techniques. Europe and America’s aquafeed additives market projected to exhibit significant growth during the forecast period.

Acquisitions & Mergers, strategic alliances and launch of new products are the key strategies adopted by the market players

Global aquafeed additives market further reveals that the key player’s increasingly adopting strategies such as acquisitions & mergers, long term alliance and launch of new products into the market to improve market revenue share and gaining significant geographic presence across the region. For instance, In October 2018, Cargill, Inc. has announced the launch of Latitude ™, a plant based fish oil that provides long chain Omega-3 fatty acids for aquafeed for fish feed applications

Key player’s profiles in the report are Alltech Inc., Cargill, Inc., Bentoli, Inc., Kemin Industries, AkzoNobel, Biomin, and Norel S.A., ADM

Detailed Segmentation

By Product Type

o Amino acids

o Probiotics

o Antibiotics

o Vitamins

o Feed Acidifiers

o Others

By Application

o Preservation

o Processing

o Nutrition

o Others

Geography

o North America

• U.S

• Canada

o Europe

• Germany

• France

• U.K

• Italy

• Spain

• Russia

• Poland

• Rest of Europe

o Asia-Pacific

• Japan

• China

• India

• Australia & New Zealand

• Rest of Asia-Pacific

o Rest of World

• Brazil

• South Africa

• Saudi Arabia

• Others

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