Aquaculture Fertilizer Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aquaculture Fertilizer Market
The Aquaculture Fertilizer market size was valued at USD 13.60 million in 2023, and the market is now projected to grow from USD 15.74 million in 2024 to USD 47.40 million by 2032, exhibiting a CAGR of 14.36% during the forecast period of 2024-2032.
The worldwide COVID-19 widespread has been uncommon and staggering, with aquaculture fertilizer encountering lower-than-anticipated demand over all regions compared to pre-pandemic levels. Based on our investigation, the worldwide market had shown a decay of 24.27% in 2020 as compared to 2019. The sudden rise in CAGR is inferable to this market's demand and development, returning to pre-pandemic levels once the widespread is over.
Whereas universal companies have constrained choices to contribute to capture fishing businesses in Asian nations owing to different outside investment confinements, the region's noteworthy coastline domain recommends that aquaculture holds a more noteworthy potential for foreign companies than capture fishing. Foreign companies are likely to accomplice with residential substances in Asian nations to abuse the trade openings in seawater aquaculture in the close future.
Later years have seen different governments over nations, most eminently in Asia, venturing up their endeavors to boost residential fertilizer generation. While as it where a meager share of the overall fertilizer generation is utilized in aquaculture, major improvements in fertilizer impact the aquaculture fertilizer industry. In February 2020, the Chinese government teaching neighborhood governments to preserve steady fertilizer costs and guarantee an unfaltering supply ahead of the spring season.
Comprehensive Analysis Of Aquaculture Fertilizer Market
Based on source, the advertise is classified into urea, triple superphosphate (TSP), di-ammonium phosphate (DAP), potassium chloride, single super phosphate (SSP), strength fertilizers, and others. The urea fragment held a prevailing aquaculture fertilizer advertise share in 2020. Urea is the foremost common fertilizer utilized for aquaculture purposes. Based on sort, the specialty fertilizers segment is advance categorized into potassium sulfate, potassium nitrate, monoammonium phosphate (Map), and other claim to fame fertilizers. The potassium nitrate portion driven the showcase in 2020. Potassium nitrate can be utilized as a dissolvable fertilizer for aquaculture purposes. Based on application, the worldwide showcase has been categorized into seawater aquaculture and inland aquaculture. Whereas North American and European nations overwhelmingly depend on seawater aquaculture, Asian nations have customarily depended intensely on groundwater aquaculture.
The market measure in Asia Pacific stood at an escalted valuation of USD 5.40 million in 2023. China is the foremost conspicuous market inside Asia Pacific. China's angle cultivating operations are characterized by freshwater aquaculture. The Chinese carps proceed to be raised as the foremost species in most of the country's inland water bodies.
Worldwide fertilizer market shows a moderately solidified structure. The three key players within the industry roughly hold the major share within the market supported by their tremendous clientele base, solid brand devotion & dissemination arrange. Mergers & acquisitions and associations & assentions are two procedures embraced within the global aquaculture fertilizer market for development and worldwide expansion. LIST OF KEY COMPANIES PROFILED:
Yara International ASA (Oslo, Norway), URALCHEM JSC (Moscow, Russia), Nutrien Limited (Saskatoon, Canada), Koch Industries, Inc. (Kansas, U.S.), Sinofert Holdings Limited (Beijing, China), Luxi Chemical Group Co. Ltd. (Liaocheng, China), The Mosaic Company (Florida, U.S.), OCP S.A. (Casablanca, Morocco), ICL Group Ltd. (Tel Aviv-Yafo, Israel), Saudi Basic Industries Corporation (Riyadh, Saudi Arabia).
Within the month of February 2024, Syngenta Group's Modern Agriculture Stage (Outline) reported the dispatch of an improved proficiency fertilizer (EEF) item called Endos. The Endos is inferred from endophytic microorganisms.
Segmentation Table
ATTRIBUTEDETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate 14.36%
Unit Value (USD Million)
Volume (Tons)
Segmentation By Source
Urea
Triple Superphosphate (TSP)
di-ammonium phosphate (DAP)
Potassium Chloride
Single Super Phosphate
Specialty Fertilizers
- Potassium Sulfate
- Potassium Nitrate
- Monoammonium phosphate (MAP)
- Other Specialty Fertilizers
Others
By Application
Seawater Aquaculture
Onshore Aquaculture
- Ponds filled with Seawater
- Groundwater
By Geography
North America (By Source, Application, and Country)
- U.S.
- Canada
- Mexico
Europe (By Source, Application, and Country)
- Germany
- France
- Russia
- U.K.
- Rest of Europe
Asia Pacific (By Source, Application, and Country)
- China
- India
- Japan
- Indonesia
- Vietnam
- Philippines
- Rest of Asia Pacific
Rest of the World (By Source, Application, and Country)
- Brazil
- Peru
- Chile
- Other Countries
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Qualitative Analysis Related to COVID-19
- 5. Global Yeast Extract Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type
- 5.2.1.1. Autolyzed
- 5.2.1.2. Hydrolysed
- 5.2.2. By Application
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Animal Feed
- 5.2.2.3. Pharmaceuticals
- 5.2.2.4. Others
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Yeast Extract Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type
- 6.2.1.1. Autolyzed
- 6.2.1.2. Hydrolysed
- 6.2.2. By Application
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Animal Feed
- 6.2.2.3. Pharmaceuticals
- 6.2.2.4. Others
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S.
- 6.2.3.1.1. By Application
- 6.2.3.1.1.1. Food & Beverages
- 6.2.3.1.1.2. Animal Feed
- 6.2.3.1.1.3. Pharmaceuticals
- 6.2.3.1.1.4. Others
- 6.2.3.2. Canada
- 6.2.3.2.1. By Application
- 6.2.3.2.1.1. Food & Beverages
- 6.2.3.2.1.2. Animal Feed
- 6.2.3.2.1.3. Pharmaceuticals
- 6.2.3.2.1.4. Others
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Application
- 6.2.3.3.1.1. Food & Beverages
- 6.2.3.3.1.2. Animal Feed
- 6.2.3.3.1.3. Pharmaceuticals
- 6.2.3.3.1.4. Others
- 7. Europe Yeast Extract Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type
- 7.2.1.1. Autolyzed
- 7.2.1.2. Hydrolysed
- 7.2.2. By Application
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Animal Feed
- 7.2.2.3. Pharmaceuticals
- 7.2.2.4. Others
- 7.2.3. By Country (Value)
- 7.2.3.1. Germany
- 7.2.3.1.1. By Application
- 7.2.3.1.1.1. Food & Beverages
- 7.2.3.1.1.2. Animal Feed
- 7.2.3.1.1.3. Pharmaceuticals
- 7.2.3.1.1.4. Others
- 7.2.3.2. France
- 7.2.3.2.1. By Application
- 7.2.3.2.1.1. Food & Beverages
- 7.2.3.2.1.2. Animal Feed
- 7.2.3.2.1.3. Pharmaceuticals
- 7.2.3.2.1.4. Others
- 7.2.3.3. Italy
- 7.2.3.3.1. By Application
- 7.2.3.3.1.1. Food & Beverages
- 7.2.3.3.1.2. Animal Feed
- 7.2.3.3.1.3. Pharmaceuticals
- 7.2.3.3.1.4. Others
- 7.2.3.4. U.K.
- 7.2.3.4.1. By Application
- 7.2.3.4.1.1. Food & Beverages
- 7.2.3.4.1.2. Animal Feed
- 7.2.3.4.1.3. Pharmaceuticals
- 7.2.3.4.1.4. Others
- 7.2.3.5. Spain
- 7.2.3.5.1. By Application
- 7.2.3.5.1.1. Food & Beverages
- 7.2.3.5.1.2. Animal Feed
- 7.2.3.5.1.3. Pharmaceuticals
- 7.2.3.5.1.4. Others
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By Application
- 7.2.3.6.1.1. Food & Beverages
- 7.2.3.6.1.2. Animal Feed
- 7.2.3.6.1.3. Pharmaceuticals
- 7.2.3.6.1.4. Others
- 8. Asia Pacific Yeast Extract Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type
- 8.2.1.1. Autolyzed
- 8.2.1.2. Hydrolysed
- 8.2.1.3. Others
- 8.2.2. By Application
- 8.2.2.1. Food & Beverages
- 8.2.2.2. Animal Feed
- 8.2.2.3. Pharmaceuticals
- 8.2.2.4. Others
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.1.1. By Application
- 8.2.3.1.1.1. Food & Beverages
- 8.2.3.1.1.2. Animal Feed
- 8.2.3.1.1.3. Pharmaceuticals
- 8.2.3.1.1.4. Others
- 8.2.3.2. India
- 8.2.3.2.1. By Application
- 8.2.3.2.1.1. Food & Beverages
- 8.2.3.2.1.2. Animal Feed
- 8.2.3.2.1.3. Pharmaceuticals
- 8.2.3.2.1.4. Others
- 8.2.3.3. Japan
- 8.2.3.3.1. By Application
- 8.2.3.3.1.1. Food & Beverages
- 8.2.3.3.1.2. Animal Feed
- 8.2.3.3.1.3. Pharmaceuticals
- 8.2.3.3.1.4. Others
- 8.2.3.4. Australia
- 8.2.3.4.1. By Application
- 8.2.3.4.1.1. Food & Beverages
- 8.2.3.4.1.2. Animal Feed
- 8.2.3.4.1.3. Pharmaceuticals
- 8.2.3.4.1.4. Others
- 8.2.3.5. Rest of Asia Pacific
- 8.2.3.5.1. By Application
- 8.2.3.5.1.1. Food & Beverages
- 8.2.3.5.1.2. Animal Feed
- 8.2.3.5.1.3. Pharmaceuticals
- 8.2.3.5.1.4. Others
- 9. South America Yeast Extract Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type
- 9.2.1.1. Autolyzed
- 9.2.1.2. Hydrolysed
- 9.2.2. By Application
- 9.2.2.1. Food & Beverages
- 9.2.2.2. Animal Feed
- 9.2.2.3. Pharmaceuticals
- 9.2.2.4. Others
- 9.2.3. By Country (Value)
- 9.2.3.1. Brazil
- 9.2.3.1.1. By Application
- 9.2.3.1.1.1. Food & Beverages
- 9.2.3.1.1.2. Animal Feed
- 9.2.3.1.1.3. Pharmaceuticals
- 9.2.3.1.1.4. Others
- 9.2.3.2. Argentina
- 9.2.3.2.1. By Application
- 9.2.3.2.1.1. Food & Beverages
- 9.2.3.2.1.2. Animal Feed
- 9.2.3.2.1.3. Pharmaceuticals
- 9.2.3.2.1.4. Others
- 9.2.3.3. Rest of South America
- 9.2.3.3.1. By Application
- 9.2.3.3.1.1. Food & Beverages
- 9.2.3.3.1.2. Animal Feed
- 9.2.3.3.1.3. Pharmaceuticals
- 9.2.3.3.1.4. Others
- 10. Middle East & Africa Yeast Extract Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type
- 10.2.1.1. Autolyzed
- 10.2.1.2. Hydrolysed
- 10.2.2. By Application
- 10.2.2.1. Food & Beverages
- 10.2.2.2. Animal Feed
- 10.2.2.3. Pharmaceuticals
- 10.2.2.4. Others
- 10.2.3. By Country (Value)
- 10.2.3.1. South Africa
- 10.2.3.1.1. By Application
- 10.2.3.1.1.1. Food & Beverages
- 10.2.3.1.1.2. Animal Feed
- 10.2.3.1.1.3. Pharmaceuticals
- 10.2.3.1.1.4. Others
- 10.2.3.2. UAE
- 10.2.3.2.1. By Application
- 10.2.3.2.1.1. Food & Beverages
- 10.2.3.2.1.2. Animal Feed
- 10.2.3.2.1.3. Others
- 10.2.3.3. Rest of Middle East & Africa
- 10.2.3.3.1. By Application
- 10.2.3.3.1.1. Food & Beverages
- 10.2.3.3.1.2. Animal Feed
- 10.2.3.3.1.3. Pharmaceuticals
- 10.2.3.3.1.4. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Yeast Extract Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Lesaffre
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Angel Yeast
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Halcyon Proteins
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Biospringer
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Thai Foods International
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Alltech
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Synergy Flavors
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Lallemand, Inc
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Ohly
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Leiber GmBH
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
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