Aquafeed Additives Market Research Analysis 2020-2025:
Aquafeed Additives Market was estimated at USD 1.2 billion in 2019 and is anticipated to reach an extent of USD 2.2 billion by the end of the assessment period. The market is likely to experience reasonable growth to record a CAGR of 5.0% throughout the envisioned period (2020-2025).
The growth of these countries can be attributed to large-scale fish farming due to favorable weather conditions, cheap labor, and abundant availability of resources. Also, the increasing acceptance of prebiotics containing aquafeeds, essential oils and natural extracts, palatants and food acidifiers is expected to drive long-term market growth.
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Market Segmentation Analysis:
Aquafeed Additives Market, By Ingredients:
- Feed Acidifiers
Aquafeed Additives Market, By Application:
- Rainbow Trout
- Sea Bass
The global Aquafeed Additives market has been categorized based on geography to offer a deeper understanding of the international marketplace, which is spread across the areas of North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
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The global aquafeed additives market is concentrated with key players like Aker Biomarine, Nutriad, Calanus AS, Olmix Group, Norel S.A, Lallemand, Alltech, Diana Group, Phileo by Lesaffre, DuPont de Nemours, Inc, Delacon.
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