Fish, Fish Feed, Fish Feed Additive, Shrimp, Shrimp Feed, Shrimp Feed Additive Market, By Animal Type (Fish, Shrimp), Fish Feed Additive, By Additive Type (Binders, Vitamins, Amino Acids, Antioxidants, Enzymes, Antibiotics, Minerals, Acidifiers), Shrimp Feed Additive By Additive Type (Binders, Vitamins, Amino Acids, Antioxidants, Enzymes, Antibiotics, Minerals, Acidifiers), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
A fish feed additive is a product designed to boost fish and shrimp growth. They can be nutritive or non-nutritive, and influence different systems within the animal. In addition to aiding in the overall growth of the animal, feed additives may also reduce the cost of production by increasing feed efficiency. Natural feed additives have been proven to improve shrimp survival. Some additives are effective against Vibrio species, while others are better at protecting the shrimp's gut flora.
Market Dynamics:
Rapid growth in aquaculture industry due to increasing consumption of fish is primarily fueling growth of the global fish, fish feed, fish feed additive, shrimp, shrimp feed, shrimp feed additive market. Moreover, supportive government regulations for fisheries and aquaculture industry is again propelling market growth. For instance, in September 2022, Indian government has announced an outlay of USD 1.6 billion to support fisheries, animal husbandry and aqua culture industry, which is expected to drive the industry in India increasing the demand for feed and feed additives.
On the other hand, outbreak of disease across major markets coupled with the increasing use of antibiotics are projected to hamper market growth.
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