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 OthersBy Aquafeed Form;
Dry, Moist, and WetBy Feed;
Starter Feed, Grower Feed, Finisher Feed, and Brooder FeedBy Application;
Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)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 Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.8 % |
Market Size (2024) | USD 72,756.12 Million |
Market Size (2031) | USD 107,961.58 Million |
Market Concentration | Medium |
Report Pages | 302 |
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.
Aquafeed Market Recent Developments
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In March 2024, the aquafeed market saw a rise in demand for sustainable ingredients, with algae-based feed becoming more popular due to its nutritional benefits and eco-friendly production methods.
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In October 2022, advancements in aquafeed formulations led to improved fish health and growth rates, reducing the reliance on antibiotics and promoting more sustainable fish farming practices.
Aquafeed Market Segment Analysis
In this report, the Aquafeed Market, has been Segmented by Additives, Aquafeed Form, Feed, Application, and Geography.
Aquafeed Market, Segmentation By Additives
The Aquafeed Market, has been Segmented by Additives into Amino Acids, Antibiotics, Vitamins & Minerals, Feed Acidifiers, Antioxidants, Enzymes, Anti-parasitic, Probiotics & Prebiotics, Others.
Amino Acids
Amino acids hold nearly 24% of the aquafeed additive market. They play a vital role in enhancing growth performance, feed conversion efficiency, and protein synthesis in aquatic species like fish and shrimp. Lysine and methionine are among the most commonly used amino acids.
Antibiotics
Antibiotics account for approximately 9% of the market. They are primarily used to prevent or treat bacterial infections in intensive aquaculture systems. However, rising concerns over resistance and regulatory restrictions are slowly impacting their usage rates.
Vitamins & Minerals
This segment represents around 18% of the market and is essential for metabolic function, immunity, and bone development in aquatic species. Vitamins A, D, E, and trace minerals like zinc and selenium are integral to healthy aquatic growth.
Feed Acidifiers
Feed acidifiers comprise roughly 7% of the market. They help enhance gut health, reduce pathogen load, and improve nutrient absorption. Organic acids such as formic and propionic acids are widely adopted in both freshwater and marine aquaculture.
Antioxidants
Antioxidants hold a market share of close to 6%. These additives protect feed from oxidative spoilage and help in improving the shelf life of aquafeed while also boosting the fish's immune response.
Enzymes
Enzymes account for nearly 8% of the additive segment. By breaking down complex nutrients, they improve digestibility, optimize nutrient uptake, and reduce feed costs—especially important for species with specific digestive requirements.
Anti-parasitic
This niche segment holds about 4% of the market and is used primarily in preventing parasitic infestations in aquaculture systems. Anti-parasitics are crucial for species such as salmon, where lice and protozoan parasites are a major threat.
Probiotics & Prebiotics
With around 14% share, probiotics and prebiotics are gaining popularity as natural growth promoters. They enhance gut flora, strengthen immune response, and improve feed efficiency, supporting the trend toward antibiotic-free aquaculture.
Others
The "Others" segment, contributing approximately 10%, includes additives like flavor enhancers, color boosters, and binding agents. These enhance feed palatability, improve product appeal, and support functional roles in specialized aquaculture feeds.
Aquafeed Market, Segmentation By Aquafeed Form
The Aquafeed Market, has been Segmented By Aquafeed Form into Dry, Moist, and Wet.
Dry
Dry aquafeed holds the largest share of the market at approximately 72%. It is preferred due to its ease of storage, long shelf life, and cost-effectiveness. This form is especially popular in commercial aquaculture for species like tilapia, catfish, and carp where automated feeding systems are widely used.
Moist
Moist aquafeed accounts for about 17% of the market. It offers better palatability and digestibility than dry feed, making it ideal for juvenile fish and species with sensitive digestive systems. However, its shorter shelf life and higher transportation cost limit its use in large-scale operations.
Wet
Wet aquafeed makes up nearly 11% of the market and is typically produced near farming sites. It contains a high moisture content and is used in niche aquaculture segments, particularly for species that require natural-like feed textures, such as certain marine finfish and crustaceans.
Aquafeed Market, Segmentation By Feed
The Aquafeed Market, has been Segmented by Feed into Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed.
Starter Feed
Starter feed accounts for around 21% of the aquafeed market. Designed for larval and juvenile stages, it supports early development with highly digestible nutrients. Its fine granule size and high protein content ensure optimal survival and growth rates during the initial stages.
Grower Feed
Grower feed holds the largest share at approximately 39%. It is tailored for the intermediate growth phase, focusing on weight gain, muscle development, and feed efficiency. This type is widely used in commercial farming for species like tilapia and pangasius.
Finisher Feed
Finisher feed represents about 28% of the market. It is formulated to maximize body weight, feed conversion, and market readiness before harvest. It ensures the final quality of the fish, particularly in terms of meat texture and flavor.
Brooder Feed
Brooder feed contributes around 12% and is used for breeding stock to maintain health, fertility, and reproductive efficiency. This feed type supports the production of high-quality eggs and larvae, particularly in hatcheries and seed production centers.
Aquafeed Market, Segmentation by Application
The Aquafeed Market, has been Segmented by Application into Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper and Others
Carp
Carp is the leading application segment, accounting for around 25% of the aquafeed market. The species’ popularity in Asia, particularly in China and India, fuels demand for affordable and protein-rich feeds to support high stocking densities and rapid growth.
Rainbow Trout
Rainbow trout represents approximately 11% of the market. Known for its premium value and cold-water adaptability, trout farming depends on nutritionally balanced aquafeed that promotes lean muscle growth and flesh quality in freshwater systems.
Salmon
Salmon holds about 15% market share, driven primarily by large-scale production in Norway, Chile, and Canada. It requires high-protein, energy-dense feed, making this segment one of the most value-intensive in aquaculture.
Crustaceans
Crustaceans, including shrimp and crabs, account for nearly 13% of the aquafeed market. With rising exports and expanding aquaculture in Southeast Asia, this segment depends on feeds that support molting, immune strength, and shell quality.
Tilapia
Tilapia contributes around 12% of the market due to its widespread farming in emerging economies. Feed for tilapia is optimized for feed conversion ratio (FCR), growth rate, and cost efficiency, especially in warm, low-salinity waters.
Catfish
Catfish make up about 9% of the market. Most prevalent in the United States and Africa, catfish feed is formulated for bottom feeding behavior, energy-rich profiles, and disease resilience in intensive production systems.
Sea Bass
Sea bass accounts for around 6% of the market. As a premium marine fish, it requires nutritionally rich feeds that support flesh firmness, growth, and disease prevention in both cage and recirculating aquaculture systems (RAS).
Grouper
Grouper holds roughly 4% market share and is popular in high-value export markets. Feed formulations for grouper are high in protein and tailored to support slower growth cycles and specific marine environments.
Others
The “Others” segment, totaling about 5%, includes emerging species like eel, barramundi, and ornamental fish. These species often require specialized diets for color enhancement, immunity, or niche water conditions.
Aquafeed Market, Segmentation by Geography
In this report, the Aquafeed Market, has been Segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Aquafeed Market Share (%), by Geographical Region
North America
North America holds approximately 18% of the global aquafeed market. The region benefits from advanced aquaculture practices in countries like the United States and Canada, especially in the production of trout, catfish, and salmon. Innovation in feed formulation and growing investments in sustainable aquaculture continue to fuel market expansion.
Europe
Europe represents nearly 22% of the aquafeed market, driven by high-value production in countries such as Norway, Scotland, and Spain. The region’s focus on sustainable seafood, use of functional feed, and government support for eco-friendly aquaculture make it a significant contributor to market growth.
Asia Pacific
Asia Pacific dominates the market with a share of over 42%, led by heavy production volumes in China, India, Vietnam, and Indonesia. Rapid aquaculture expansion, low labor costs, and increasing demand for fish protein in domestic and export markets drive this region’s leadership.
Middle East and Africa
This region contributes around 9% to the global aquafeed market. While still developing, countries like Egypt, Nigeria, and Iran are investing in aquaculture infrastructure and floating feed technology to meet food security goals and reduce reliance on imports.
Latin America
Latin America holds close to 9% of the market, fueled by commercial aquaculture activities in Brazil, Chile, and Ecuador. The region’s production is focused on tilapia, shrimp, and salmon, with increasing interest in value-added aquafeed solutions for export-oriented aquafarming.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Aquafeed Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity Analysis
Drivers
- Technological Advancements in Aquafeed
- Rising Awareness of Health Benefits
- Increasing Aquaculture Production
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Regulatory Support and Sustainability Initiatives: Regulatory support and sustainability initiatives are key drivers shaping the global aquafeed market. Governments and regulatory bodies worldwide are increasingly emphasizing sustainable aquaculture practices to address environmental concerns and ensure long-term food security. Regulations related to the use of certain ingredients, such as antibiotics and growth promoters, as well as standards for food safety and environmental sustainability, are driving aquafeed manufacturers to adopt more sustainable sourcing and production practices.
Consumer preferences for sustainably sourced seafood are influencing aquafeed manufacturers to develop eco-friendly feed formulations. These formulations often use alternative protein sources, such as plant-based proteins and insect meal, which have a lower environmental impact than traditional fishmeal and fish oil. As a result, aquafeed manufacturers are innovating to meet these regulatory and consumer demands, driving growth in the market for sustainable aquafeed products.
Restraints
- Fluctuating Raw Material Prices
- Environmental Concerns
- Regulatory Constraints
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Competition from Alternative Protein Sources: Competition from alternative protein sources poses a significant restraint on the global aquafeed market. As the demand for aquafeed grows alongside the expansion of the aquaculture industry, there is increasing pressure on traditional protein sources such as fishmeal and fish oil. Alternative protein sources, including plant proteins, algae, insects, and single-cell proteins, are emerging as viable substitutes due to their lower cost and reduced environmental impact. Availability of these alternative protein sources is not limited by factors such as overfishing or fluctuations in fish stocks, making them more reliable and sustainable in the long term.
As a result, aquafeed manufacturers are facing increasing competition from producers of alternative protein sources, which could impact the market share of traditional aquafeed ingredients. This competition highlights the need for aquafeed manufacturers to innovate and develop new formulations that can effectively compete with alternative protein sources in terms of cost, nutritional value, and sustainability.
Opportunities
- Increasing Demand for Specialized Feeds
- Rising Popularity of Aquafeed Additives
- Focus on Sustainability and Environmental Responsibility
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Technological Advancements in Feed Manufacturing: Technological advancements in feed manufacturing present significant opportunities for the global aquafeed market. One such advancement is the development of precision aquafeed manufacturing systems, which allow for the precise control of feed composition and particle size. This enables aquafeed manufacturers to tailor feed formulations to meet the specific nutritional requirements of different species and life stages, improving feed efficiency and growth rates. The opportunity lies in the use of automation and robotics in feed manufacturing facilities.
Automated systems can streamline the production process, reduce labor costs, and improve overall efficiency. Advances in extrusion technology have led to the development of high-quality aquafeed pellets with improved nutrient digestibility and feed conversion ratios. These technological advancements are driving innovation in the aquafeed industry and are expected to create new opportunities for manufacturers to develop high-performance, sustainable feed solutions.
Competitive Landscape Analysis
Key players in Global Aquafeed Market include
- 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.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Additives
- Market Snapshot, By Aquafeed Form
- Market Snapshot, By Feed
- Market Snapshot, By Application
- Market Snapshot, By Region
- Aquafeed Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Technological Advancements in Aquafeed
- Rising Awareness of Health Benefits
- Increasing Aquaculture Production
- Regulatory Support and Sustainability Initiatives
- Restraints
- Fluctuating Raw Material Prices
- Environmental Concerns
- Regulatory Constraints
- Competition from Alternative Protein Sources
- Opportunities
- Increasing Demand for Specialized Feeds
- Rising Popularity of Aquafeed Additives
- Focus on Sustainability and Environmental Responsibility
- Technological Advancements in Feed Manufacturing
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Aquafeed Market, By Additives, 2021 - 2031 (USD Million)
- Amino Acids
- Antibiotics
- Vitamins & Minerals
- Feed Acidifiers
- Antioxidants
- Enzymes
- Anti-parasitic
- Probiotics & Prebiotics
- Others
- Aquafeed Market, By Aquafeed Form, 2021 - 2031 (USD Million)
- Dry
- Moist
- Wet
- Aquafeed Market, By Feed, 2021 - 2031 (USD Million)
- Starter Feed
- Grower Feed
- Finisher Feed
- Brooder Feed
- Aquafeed Market, By Application, 2021 - 2031 (USD Million)
- Carp
- Rainbow Trout
- Salmon
- Crustaceans
- Tilapia
- Catfish
- Sea Bass
- Grouper
- Others
- Aquafeed Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Aquafeed Market, By Additives, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- 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.
- Company Profiles
- Analyst Views
- Future Outlook of the Market