Global Aqua Feed
Market Report
2025
The global Aqua Feed Market size will be USD 68154.5 million in 2024. Rising seafood consumption is expected to boost sales to USD 109441.23 million by 2031, with a Compound Annual Growth Rate (CAGR) of 7.00% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Aqua Feed Market Report 2024.
According to Cognitive Market Research, the global Aqua Feed Market size will be USD 68154.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|---|
Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Ingredients Outlook: |
|
Market Split by Additives Outlook: |
|
Market Split by Species Outlook: |
|
Market Split by Form Outlook: |
|
Market Split by Lifecycle Outlook: |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Report scope is customizable as we have a huge database of Aqua Feed industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Aqua Feed Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Any feed used to nourish aquatic animals farmed for food as part of aquaculture is referred to as aquafeed. Both farmed and wild fish require a well-balanced combination of essential nutrients, including vitamins, fatty acids, and amino acids, for optimum growth. Certain lipids, vitamins, minerals, and amino acids—the building blocks of protein—are all present in aquafeed. These come from a range of ingredients in the feed, including as plants, animal trimmings, fishmeal, and fish oil. Vitamins, antioxidants, amino acids, enzymes, acidifiers, and binders in dry, wet, and moist forms are the primary components of aquafeed. These goods are sold online, through wholesalers, supermarkets, hypermarkets, direct sales, and indirect sales, among other channels. Aquaculture production is expected to increase due to rising seafood consumption and consumer expenditure on fish and fish products including fish oil, fish meal, and fish silage.
In February 2024, Skretting, a well-known aquafeed manufacturer with headquarters in Norway, recently opened a brand-new production plant in Surat, India. Three production lines and cutting-edge technology are reportedly included in the new facility, which should have an annual output capacity of about 50,000 metric tons. (Source: https://www.skretting.com/en/news-and-stories/skretting-india-launches-state-of-the-art-shrimp-and-fish-feed-facility-in-surat/)
The market for aqua feed is significantly influenced by the rising consumption of seafood worldwide. Demand for seafood is rising, especially in emerging nations, as populations grow and dietary preferences change toward sustainable, high-protein sources. The demand for effective aquaculture methods, such as the creation of premium aqua feed to promote the growth and well-being of fish and other aquatic species, is fueled by the rise in seafood consumption. The need for aqua feed is further fueled by the increased nutritional benefits of seafood and the emergence of aquaculture as a sustainable substitute for wild-caught fish. The expansion of the aquaculture sector immediately increases the requirement for specialized, nutrient-dense aqua feed formulations as the sector emerges as a major seafood solution. The increase in demand for seafood or fishery products is expected to boost demand for high-quality aquafeed to maintain the quality of the products for the customers. Therefore, increasing seafood consumption is driving the growth of the aquafeed market.
The market for aqua feed is expanding due in large part to rising research and development (R&D) costs. Businesses are making significant investments in research and development to create novel formulations that enhance fish growth, health, and feed conversion rates as the demand for sustainable, effective, and premium feed increases. Investigating substitute protein sources, such as plant-based components or insect meal, can lessen reliance on conventional fishmeal and address environmental issues. Improved production and reduced waste are also made possible by more specialized diets for various animals thanks to developments in nutritional science. R&D also helps businesses satisfy changing consumer demands for ethically and environmentally sourced products as well as changing regulatory requirements, which increases market competitiveness and growth.
The market's expansion may be hampered by high price volatility related to the raw ingredients utilized in feed preparation. For example, a large increase in the cost of maize, soybeans, or other raw materials can have a direct effect on the final price of the product, which could hurt sales. Furthermore, it is predicted that fewer individuals will choose vegetarian diets and avoid non-vegetarian foods, which could have a detrimental impact on the market for fish.
The global aquafeed market was greatly affected by the COVID-19 epidemic, which caused disruptions in demand, supply chains, and production. Supply chain bottlenecks were caused by labor shortages, decreased raw material availability, and transit delays brought on by lockdowns and restrictions. Market expansion was further slowed by restaurant closures and a decline in customer demand for seafood. But the epidemic also brought attention to the significance of sustainable aquaculture and food security, which sparked a surge of interest in alternate protein sources and feed formulation innovation. With market projections indicating consistent growth after the pandemic, automation, digitization, and sustainability are becoming increasingly important in aquafeed production as the sector recovers.
We have various report editions of Aqua Feed Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In the Aqua Feed Market's competitive landscape, numerous key competitors are driving innovation and growth. The makers of aquafeed are always conducting research and development to create a variety of natural and organic aquafeed that can be utilized for the production of different species. Market rivalry is encouraging technological and design innovations to create Aqua Feed that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.
In December 2023, A brand-new aquafeed was introduced by the Indian government during its Global Bio-India 2023 event. Known as Bio Guru 3F Pro: Bio-fermented Fish Feed, the new aquafeed is the first vegan aquafeed in India. According to reports, this event marks India's foray into cruelty-free aquaculture. (Source: https://thebiostartups.com/news/9/733/indias-first-vegan-fish-feed-launched-in-global-bio-india-2023-ready-to-sale-and-support-healthy-aquaculture-worldwide.html) In June 2021, A new Aquafeed standard was introduced by the Aquaculture Stewardship Council (ASC) to address any careless and unsustainable practices in the sector. (Source: https://asc-aqua.org/producers/asc-standards/feed-standard/) In August 2021, The Central Institute of Fisheries technique (CIFT) developed a novel technique that offers viable revenue options while addressing the risk of fisheries waste being converted into fish feed. (Source: https://www.cift.res.in/uploads/FishtechReport/Fish%20Tec%20Report_2023%20July%20Dec%20Final_20240516102119.pdf)
Top Companies Market Share in Aqua Feed Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America currently dominates the Aqua Feed market, and the region is expected to have significant growth during the projected period. The large profit margin on aquaculture exports is another factor contributing to the region's latent growth in the high-quality fish feed sector.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR), dur to rising seafood consumption. Population growth and increased health consciousness are the main causes of this, as they are driving the market's expansion.
The current report Scope analyzes Aqua Feed Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 27261.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 20446.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 15675.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 3407.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1363.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..
Global Aqua Feed Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aqua Feed Industry growth. Aqua Feed market has been segmented with the help of its Ingredients Outlook:, Additives Outlook: Species Outlook:, and others. Aqua Feed market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Aqua Feed Market?
According to Cognitive Market Research, Soyabean are likely to dominate the Aqua Feed Market over the forecast period. Soyabean is now frequently used in feed preparation to improve the general growth and development of aquatic species. The industry's need for soybeans is expected to increase as a result of the growing use of soybean meal and cake in the production of organic feed.
The Additives is the fastest-growing segment in the Aqua Feed Market. Amino acids in particular are essential macromolecules required for the proper growth, development, and general upkeep of aquaculture. Manufacturer demand for additives is expected to increase as fish breeders become more inclined to use high-quality feed.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aqua Feed Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the amino acids segment holds the largest share of the market. Its benefits, which include boosting immunity, improving larval performance, optimizing fish metabolic transformation efficiency, increasing tolerance to environmental stressors, mediating spawning efficiency and timing.
In the Aqua Feed Market, the antibiotics has been expanding at a rapid pace. Antibiotics are another common component in aquafeed, in addition to amino acids. By enhancing general health, they encourage greater growth and are employed to increase efficiency and productivity.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
According to Cognitive Market Research, The Fish segment holds the largest market share. Sales of fish feed are anticipated to benefit from the massive expansion of fish farming to close the supply and demand gap. Supporting the base of the food chain and maintaining a healthy fish population can be achieved with high-quality fish feed.
In the Aqua Feed Market, the rapidly growing sector is the mollusks category. The growing demand for fish feed from mollusk farmers is expected to increase as a result of the increased production of clams and oysters due to their growing appeal as a significant source of nourishment for people.
According to Cognitive Market Research, the Dry Form segment dominates the market. The aquaculture business around the world has a strong need for pellet feed because of its potential to increase fish feed conversion ratio. Because of its exceptional palatability and effectiveness in improving fish performance, dry fish feed is becoming more and more popular.
Wet Form is projected to be the fastest-growing segment in the Aqua Feed Market. Wet feeds are another popular type of aquafeed product. It has between 45% and 70% moisture content. High moisture content components including fishery waste, undried fodder, and slaughterhouse waste are used to make them.
According to Cognitive Market Research, the grower feed segment dominates the market. Its increasing use in animals between the ages of 6 and 20 weeks to meet their nutritional needs is the reason for its high share. The animal is fed this kind of feed until it is ready to begin mating and laying eggs.
Finisher Feed is projected to be the fastest-growing segment in the Aqua Feed Market. In addition, growth meals are frequently followed by finisher feeds. Adult fish and animals older than 20 weeks are typically fed finisher diets. It gives the animals the nutrients they need to meet their basic needs. It contains 21% high-energy protein to support life.
Research Associate at Cognitive Market Research
Pratik Shirsath is an accomplished Research Analyst with extensive expertise in the agriculture sector, bringing over one years of experience in market research and analysis. Pratik specializes in secondary research, competitive benchmarking, and data-driven insights that empower organizations to make strategic decisions and achieve their goals.
In his current role, Pratik leads research projects focused on the agriculture sector, driving initiatives that identify emerging market trends, assess competitive landscapes, and uncover growth opportunities. His proficiency in designing effective research methodologies and translating complex data into actionable strategies has consistently supported his organization’s objectives.
Pratik's dedication to delivering high-quality research and his in-depth knowledge of the agriculture industry have made him a trusted resource for his team and stakeholders. Passionate about innovation and sustainability in agriculture, he remains committed to advancing his expertise to navigate the evolving challenges and opportunities in the sector.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Ingredients Outlook: | Soybean, Corn, Fishmeal, Fish Oil, Additives, Others |
Additives Outlook: | Antibiotics, Vitamins & minerals, Antioxidants, Amino acids, Enzymes, Probiotics & prebiotics, Others |
Species Outlook: | Fish, Crustaceans, Others |
Form Outlook: | Dry, Moist, Wet |
Lifecycle Outlook: | Starter feed, Grower feed, Finisher feed, Brooder feed |
List of Competitors | Cargill Incorporated (Minnesota, U.S.), Archer Daniels Midland Company (Illinois, U.S.), Alltech Inc., (U.S.), Purina Animal Nutrition (Missouri, U.S.), Ridley Corp Ltd (Australia), Nutreco N.V. (Amersfoort, Netherlands), Aller Aqua A/S (Christiansfeld, Denmark), BioMar A/S (Denmark), Dibaq Aquaculture (Spain), Beneo GmbH (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Aqua Feed. Further deep in this chapter, you will be able to review Global Aqua Feed Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Aqua Feed. Further deep in this chapter, you will be able to review North America Aqua Feed Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Aqua Feed. Further deep in this chapter, you will be able to review Europe Aqua Feed Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Aqua Feed. Further deep in this chapter, you will be able to review Asia Pacific Aqua Feed Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Aqua Feed. Further deep in this chapter, you will be able to review South America Aqua Feed Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Aqua Feed. Further deep in this chapter, you will be able to review Middle East and Africa Aqua Feed Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Aqua Feed. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Ingredients Outlook: Analysis 2019 -2031, will provide market size split by Ingredients Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Ingredients Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Additives Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Species Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Form Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by Lifecycle Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aqua Feed market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Soybean have a significant impact on Aqua Feed market? |
What are the key factors affecting the Soybean and Corn of Aqua Feed Market? |
What is the CAGR/Growth Rate of Antibiotics during the forecast period? |
By type, which segment accounted for largest share of the global Aqua Feed Market? |
Which region is expected to dominate the global Aqua Feed Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|