Aquafeed Additives Market Size Is Likely to Experience a Significant Growth of 4.1% by 2029, Size, Share, Trends, Growth Strategies and Competitive Outlook

Aquaculture is farming fish or water species in ponds, recirculating tanks, and other similar environments. Aquaculture has a long history dating back to the ancient era, and the aquaculture industry has seen many recent developments. Aquaculture practices began in 1990 when the construction of concrete tanks for fish farming began and the production expanded to meet market demand. Aquafeed additives are being introduced to provide the necessary nutritional feeds.

Data Bridge Market Research analyses that the aquafeed additives market which was growing at a value of 3.15 billion in 2021 and is expected to reach the value of USD 4.34 billion by 2029, at a CAGR of 4.1% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behavior.

Market Definition

Aquafeed additives comprise compounded meals made from raw materials such as sunflower, corn, soybean, fish meal, and fish oil. The name implies that the feed is intended for consumption by aquatic species such as fish, shrimp, and crustaceans. These have high nutritional content and a variety of growth-promoting properties.

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