Global Aquafeed Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Additives;

Amino Acids, Antibiotics, Vitamins & Minerals, Feed Acidifiers, Antioxidants, Enzymes, Anti-Parasitic, Probiotics & Prebiotics, and Others

By Aquafeed Form;

Dry, Moist, and Wet

By Feed;

Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed

By Application;

Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn150192914 Published Date: May, 2025 Updated Date: June, 2025

Aquafeed Market Overview

Aquafeed Market (USD Million)

Aquafeed Market was valued at USD 72,756.12 million in the year 2024. The size of this market is expected to increase to USD 107,961.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.


Global Aquafeed Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.8 %
Market Size (2024)USD 72,756.12 Million
Market Size (2031)USD 107,961.58 Million
Market ConcentrationMedium
Report Pages302
72,756.12
2024
107,961.58
2031

Major Players

  • Cargill, Inc.
  • BioMar Group
  • Ridley Corp. Ltd.
  • Aller Aqua
  • BENEO
  • Alltech
  • Aker Biomarine
  • Charoen Pokphand Foods PCL
  • Skretting
  • Purina Animal Nutrition LLC
  • Dibaq Aquaculture
  • INVE Aquaculture
  • Avanti Feeds Ltd.
  • Biostadt India Ltd.
  • The Waterbase Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Aquafeed Market

Fragmented - Highly competitive market without dominant players


The Aquafeed Market is expanding steadily as aquaculture plays a growing role in global food production. The need for nutrient-dense feed solutions is rising, with over 65% of aquaculture operations now relying on formulated aquafeed to enhance fish growth and health. This surge reflects a broader shift toward scientifically balanced nutrition as producers aim to improve survival rates and productivity across diverse aquatic species.

Focus on High-Protein Diets
A key trend shaping the market is the increased use of protein-rich ingredients such as soybean meal and fishmeal. These components significantly improve growth rates and boost disease resistance. Approximately 55% of commercial feed blends now exceed basic protein thresholds, showing a clear market preference for performance-enhancing formulations that support optimal aquaculture yield and health management.

Eco-Friendly Sourcing Practices
Environmental sustainability is becoming central to aquafeed development, prompting a transition to alternative proteins such as algae and insect meal. Around 30% of new feed innovations now emphasize eco-conscious sourcing, aiming to reduce environmental strain while maintaining nutritional quality. This trend is driving interest in green ingredients that align with responsible aquaculture practices and regulatory standards.

Technology-Driven Efficiency Gains
Advanced feeding technologies are transforming aquafeed usage by enabling data-driven optimization of feed conversion and resource utilization. Nearly 50% of modern aquaculture operations employ automation tools and precision systems to manage feed delivery effectively. These innovations are not only improving operational efficiency but also contributing to the industry's goals of scalability and environmental stewardship.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Additives
    2. Market Snapshot, By Aquafeed Form
    3. Market Snapshot, By Feed
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Aquafeed Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements in Aquafeed
        2. Rising Awareness of Health Benefits
        3. Increasing Aquaculture Production
        4. Regulatory Support and Sustainability Initiatives
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Environmental Concerns
        3. Regulatory Constraints
        4. Competition from Alternative Protein Sources
      3. Opportunities
        1. Increasing Demand for Specialized Feeds
        2. Rising Popularity of Aquafeed Additives
        3. Focus on Sustainability and Environmental Responsibility
        4. Technological Advancements in Feed Manufacturing
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Aquafeed Market, By Additives, 2021 - 2031 (USD Million)
      1. Amino Acids
      2. Antibiotics
      3. Vitamins & Minerals
      4. Feed Acidifiers
      5. Antioxidants
      6. Enzymes
      7. Anti-parasitic
      8. Probiotics & Prebiotics
      9. Others
    2. Aquafeed Market, By Aquafeed Form, 2021 - 2031 (USD Million)
      1. Dry
      2. Moist
      3. Wet
    3. Aquafeed Market, By Feed, 2021 - 2031 (USD Million)
      1. Starter Feed
      2. Grower Feed
      3. Finisher Feed
      4. Brooder Feed
    4. Aquafeed Market, By Application, 2021 - 2031 (USD Million)
      1. Carp
      2. Rainbow Trout
      3. Salmon
      4. Crustaceans
      5. Tilapia
      6. Catfish
      7. Sea Bass
      8. Grouper
      9. Others
    5. Aquafeed Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cargill, Inc.
      2. BioMar Group
      3. Ridley Corp. Ltd.
      4. Aller Aqua
      5. BENEO
      6. Alltech
      7. Aker Biomarine
      8. Charoen Pokphand Foods PCL
      9. Skretting
      10. Purina Animal Nutrition LLC
      11. Dibaq Aquaculture
      12. INVE Aquaculture
      13. Avanti Feeds Ltd.
      14. Biostadt India Ltd.
      15. The Waterbase Ltd.
  7. Analyst Views
  8. Future Outlook of the Market