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 September 2024, Cargill acquired two U.S. feed mills from Compana Pet Brands to strengthen its aquafeed production and distribution network, reinforcing its leadership in animal nutrition.
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In October 2024, Cellana acquired PhytoSmart to incorporate large-scale algae-based supplements into aquafeed, advancing sustainable, nutrient-rich solutions in the market.
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 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 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.
Aquafeed Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Aquafeed Market. These factors include; Market Drivers, Restraints and Opportunities.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
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 - Government regulations and voluntary sustainability pledges are accelerating demand for modern aquafeed formulations. Public agencies view aquaculture as a vital protein source that eases pressure on wild fisheries, so they offer subsidies, tax breaks, and fast-track permits to farms that adopt feeds with verified low environmental impact. Eco-labels such as BAP and ASC reinforce these incentives by requiring reduced fish-meal inclusion, traceable ingredients, and lower carbon footprints.
Retailers and food-service giants add market pressure by preferring seafood raised on feeds aligned with responsible-sourcing standards. This retail pull has pushed feed mills to replace a share of marine proteins with plant, insect, and algal inputs while fortifying diets with essential amino acids to maintain growth and health metrics.
Policy makers are also funding R&D consortia that develop circular-economy feed ingredients—for example, converting food-processing by-products into high-protein meals. These grants shorten time-to-market for innovative raw materials and lower their cost curve, making sustainable feeds more accessible to small and mid-sized farms.
Many countries now link aquaculture licenses to nutrient-discharge thresholds. Feeds engineered for high digestibility and superior feed-conversion ratios help operators comply with these caps, securing long-term site tenure and lowering water-treatment expenses.
Restraints
- Fluctuating Raw Material Prices
- Environmental Concerns
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Competition from Alternative Protein Sources - Rising competition for protein-rich raw materials is squeezing aquafeed margins. Soy, corn, wheat, and fishmeal are also staples in poultry, swine, and pet-food sectors, so any supply shock or price rally in one market ripples across to aquaculture, eroding cost predictability.
Livestock and companion-animal industries often adopt novel proteins—microbial, insect, or algae-based— more quickly because their shorter production cycles and simpler regulatory pathways speed up feed reformulation. Early movers lock in contracts for emerging ingredients, leaving aquafeed formulators with fewer options or higher prices.
Consumer trends toward plant-based diets further redirect investment toward alternative protein research outside aquaculture. When capital and talent flow to these faster-growing niches, fewer resources remain for solving the complex nutritional needs of salmonids, shrimp, or marine finfish.
Aquafeed formulators must also balance species-specific amino-acid profiles, pellet stability in water, and palatability when integrating new proteins, making rapid ingredient substitution risky and expensive. Without breakthroughs that widen the pool of affordable, functional inputs, raw-material competition will keep profitability under pressure.
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 - Cutting-edge feed-manufacturing technologies are unlocking new growth avenues. Advanced extrusion lines coupled with precision sensors allow mills to fine-tune temperature, pressure, and moisture in real time, producing pellets with uniform density and optimized water stability. This consistency improves feed intake, reduces waste, and lowers environmental loads at farm sites.
Microencapsulation and nano-emulsion techniques protect sensitive nutrients—such as vitamins, probiotics, and omega-3 oils—from oxidation, ensuring they reach the gut intact. The result is better fish health and faster growth without increasing inclusion rates of expensive active ingredients.
Data-driven formulation platforms now integrate species biology, water temperature, and historical performance to create algorithm-guided recipes that maximize feed-conversion efficiency. When paired with automated dosing systems on farms, these smart feeds can cut feeding costs while slashing nutrient discharge.
3-D printing trials are even testing on-demand pellet shapes tailored to species mouth morphology, while blockchain-based traceability tools document every raw material and process parameter, adding a layer of transparency valued by regulators and retailers.
Mills that embrace IoT monitoring, AI-assisted formulation, and novel delivery technologies stand to capture premium segments and build defensible advantages as aquaculture scales to meet global seafood demand.
Aquafeed Market Competitive Landscape Analysis
Key players in 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
- Market Share Analysis
- 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
- 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