“Aquaculture Additive Market is projected to expand with moderate growth rate over 2019-2029”, says Visiongain report
04 September 2019
Visiongain has launched a new food & beverage report: Aquaculture Additives Market Report 2019-2029 : Forecasts by Product Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and Others, by Application (Pork/Swine, Poultry, Cattle, Aquaculture and others) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis
Aquaculture Additives are the extra nutrients or drug added in the aquatic animals. These additives include vitamin, amino acids, fatty acids, minerals, pharmaceutical, fungus or growth hormone. Aquaculture Additives impact the feed presentation, hygiene, digestibility of aquatic animal feed and effects intestinal health. Increasing demand for seafood including carps, Marine shrimps, Tilapia, Catfish, Salmon among others, in turn, is driving the demand for the global Aquaculture additives market. Further, aquaculture feed additives help in the preservation of gut health to reduce the need for antibiotics. Feed additives supplement animal feed with essential micro-ingredients for animal well-being and improved efficiency.
Companies are adopting modern manufacturing techniques for the production of high-quality Aquaculture additives. When focussing on aqua market companies are considering the large diversity of species present in the sea. The most important factors considered include nutritional requirements / digestive process, farming conditions and water temperature. By application, Carps are anticipated to hold the largest share in feedstuff which is approximately 32% of the globally produced species. Through improved nutritional strategies, aquaculture farmers can reduce the need for medication at the farm level. Due to this factor there exist a significant opportunity for the companies operating in the aquaculture additives market.
Digitalization and automation are expected to create a significant impact on the global Aquaculture Additive market thanks to the strides made in AI, robotics, block chain, and big data technology.
Some of the major companies operating in the global Aquaculture additives market are Alltech, Inc., Cargill, Inc., Ridley Corporation Limited, Norel S.A., Aller Aqua A/S , Beneo GmbH, Cermaq Group AS, Dibaq A.S., Addcon GmbH, Archer Daniels Midland Company (ADM), BASF SE, Biomin Holding GmbH, Skretting A.S., DSM, Evonik Industries AG, Novus International Inc.
NEOVIA, De Heus Animal Nutrition B.V., Nutriad International NV, Avanti Feeds Ltd., NK Ingredients Pte Ltd., and Bentoli, Inc..
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