Global Aquafeed Vitamins and Enzymes Market Size to Exceed USD 3.35 Billion By 2035 | CAGR of 6.36%
Category: Specialty & Fine ChemicalsGlobal Aquafeed Vitamins and Enzymes Market Size to Exceed USD 3.35 Billion By 2035
According To A Research Report Published By Spherical Insights & Consulting, The Global Aquafeed Vitamins And Enzymes Market Size Is Expected To Grow From USD 1.70 Billion In 2024 To USD 3.35 Billion By 2035, At A CAGR Of 6.36% During The Forecast Period 2025-2035.
Get more details on this report -
Browse key industry insights spread across 230 pages with 119 Market data tables and figures & charts from the report on the "Global Aquafeed Vitamins and Enzymes Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Vitamins and Enzymes), By Form (Dry and Liquid), By Application (Fish, Crustaceans, Mollusks, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/aquafeed-vitamins-and-enzymes-market
The aquafeed vitamins and enzymes market is an industry emphasizing the production and sale of specialized additives for animal feed used in aquaculture (fish farming). Aquafeed is any feed given to the aquatic farmed animals as part of aquaculture fish (both farmed and wild) requiring a balanced mix of nutrients. The growing R&D activities for discovering new vitamins and enzymes, as well as the adoption of precision feeding techniques for optimizing feed efficiency with reduced wastage, are bolstering the market growth opportunities. The increasing need for high-quality aquafeed, which is fortified with essential vitamins and enzymes, is driving the aquafeed vitamins and enzymes market. Further, the inclination towards pescetarianism and preference for seafood-based products over poultry and beef is contributing to propelling the market demand. On the contrary, the volatility in raw material prices and supply chain disruptions are hampering the market. Further, an intense competition among key market players, along with rapidly evolving technology, is challenging the market growth.
The vitamins segment dominated the aquafeed vitamins and enzymes market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the aquafeed vitamins and enzymes market is divided into vitamins and enzymes. Among these, the vitamins segment dominated the aquafeed vitamins and enzymes market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Vitamins aid in enhancing the fish's health, growth, and overall productivity. The growing demand for preventing deficiencies and enhancing the health & productivity of farmed fish and other aquatic organisms is driving the market demand.
The dry segment accounted for a significant share of the aquafeed vitamins and enzymes market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the form, the aquafeed vitamins and enzymes market is divided into dry and liquid. Among these, the dry segment accounted for a significant share of the aquafeed vitamins and enzymes market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Dry aquafeed vitamins and enzymes have longer shelf life and can easily be incorporated into feed manufacturing processes. Its widespread adoption due to its outstanding palatability and efficiency for enhancing fish performance is propelling the market in the dry segment.
The fish segment accounted for the largest market share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the aquafeed vitamins and enzymes market is divided into fish, crustaceans, mollusks, and others. Among these, the fish segment accounted for the largest market share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The introduction of automated feeding systems and digital fish farming tools that aid in optimising feed use and increasing output is driving the market in the fish segment.
Asia Pacific is expected to hold the majority share of the global aquafeed vitamins and enzymes market during the forecast period.
Get more details on this report -
Asia Pacific is expected to hold the majority share of the global aquafeed vitamins and enzymes market during the forecast period. This is due to the improvement in fish farming technologies, the expanding number of fish mills, along with the Indian government initiatives promoting the aquaculture feed. Further, an increasing demand for seafood, which drives the need for fortified aquafeed, is propelling the market of aquafeed vitamins and enzymes.
North America is anticipated to grow at the fastest pace in the global aquafeed vitamins and enzymes market during the forecast period. The inclination towards more efficient feed ingredients utilization methods, along with the development of innovative enzyme formulations for enhancing nutrient absorption, is propelling the aquafeed vitamins and enzymes market. Additionally, advancements in aquaculture practices with a strong emphasis on sustainable feed solutions are driving the market growth.
Europe is anticipated to witness significant CAGR growth in the aquafeed vitamins and enzymes market during the predicted timeframe. Region’s extensive salmon farming activities, along with increasing concerns over sustainable farming practices, are driving the aquafeed vitamins and enzymes market. Further, an increasing investment in R&D for more targeted enzyme formulations that cater to specific animal needs and regional feed ingredients aids in propelling the market growth.
Major vendors in the global aquafeed vitamins and enzymes market are DSM Nutritional Products, DuPont de Nemours, Inc., Cargill, Inc., Archer Daniels Midland Company, BASF SE, Nutreco N.V., Alltech Inc., BioMar Group, Skretting, Ridley Corporation Limited, Purina Animal Nutrition LLC, Evonik Industries AG, Novus International, Inc., Kemin Industries, Inc., Adisseo France SAS, Bluestar Adisseo Co., Ltd., Biomin Holding GmbH, Zeus Biotech Limited, Aker BioMarine Antarctic AS, Calysta, Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the aquafeed vitamins and enzymes market based on the below-mentioned segments:
Global Aquafeed Vitamins and Enzymes Market, By Product Type
- Vitamins
- Enzymes
Global Aquafeed Vitamins and Enzymes Market, By Form
- Dry
- Liquid
Global Aquafeed Vitamins and Enzymes Market, By Application
- Fish
- Crustaceans
- Mollusks
- Others
Global Aquafeed Vitamins and Enzymes Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?