Global Aquafeed Market Segmentation, By Ingredient (Soybean, Fishmeal, Corn, Fish Oil, Additives, and Others), Additive (Amino Acids, Vitamins and Minerals, Probiotics and Prebiotics, Enzymes, Antibiotics, Antioxidants, and Others), Species (Fish, Crustaceans, Mollusks, and Others), Form (Dry Form, Wet Form, and Moist Form), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, and Brooder Feed), Function (Health, Digestion, Palatability, and Special Nutrition), Distribution Channel (Direct Sales, Indirect Sales, Hypermarket/Supermarket, Wholesalers, Speciality Stores, Online, and Other Retail Formats) – Industry Trends and Forecast to 2032
Aquafeed Market Analysis
The aquafeed market is experiencing significant growth, driven by increasing global aquaculture activities and rising demand for high-quality seafood. Aquafeed, a specialized diet formulated for aquatic animals such as fish, crustaceans, and mollusks, plays a vital role in enhancing growth, immunity, and overall health. The market is characterized by a shift toward nutritionally balanced feeds enriched with additives such as probiotics, vitamins, and antioxidants to meet sustainability and efficiency demands. Innovations in feed formulation, including plant-based and non-GMO ingredients, are reshaping the market landscape. Recent developments include strategic partnerships, expansions, and advancements in feed production technologies to optimize nutritional content and reduce environmental impact. With aquaculture expansion in Asia-Pacific and Europe, and increasing focus on sustainable aquafeed solutions, the market is poised for substantial growth during the forecast period.
Aquafeed Market Size
The global aquafeed market size was valued at USD 53.38 billion in 2024 and is projected to reach USD 95.20 billion by 2032, with a CAGR of 7.50% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Aquafeed Market Trends
“Shift Toward Sustainable Feed Ingredients”
The aquafeed market is witnessing rapid growth, driven by the expansion of global aquaculture and rising demand for sustainable seafood production. Aquafeed, tailored to meet the nutritional needs of aquatic species, incorporates advanced formulations to boost growth, health, and disease resistance. A notable trend is the shift toward sustainable feed ingredients, such as plant-based proteins and insect meals, reducing reliance on traditional fishmeal and fish oil. Innovations in feed technologies, including precision feeding and functional additives, are enhancing efficiency and reducing environmental impacts. With growing consumer awareness and regulatory pressures for eco-friendly practices, the market continues to evolve, presenting opportunities for innovation and growth in both established and emerging aquaculture regions globally.
Report Scope and Aquafeed Market Segmentation
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Attributes
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Aquafeed Key Market Insights
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Segments Covered
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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ADM (U.S.), Cargill Incorporated (U.S.), Ridley Corporation Limited (Australia), Darling Ingredients (U.S.), Knowde (U.S.), Nutreco (Netherlands), Alltech (U.S.), Purina Animal Nutrition LLC. (U.S.), Aller Aqua Group (Denmark), dsm-firmenich (Netherlands), BioMar Group (Denmark), Norel S.A. (Spain), Marvesa Oils and Fats B.V. (Netherlands), Adisseo (China), Avanti Feeds Ltd. (India), De Heus Animal Nutrition (Netherlands), Novus International, Inc. (U.S.), Kent Nutrition Group (U.S.), Biostadt (India), Charoen Pokphand Foods PCL (Thailand)
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Market Opportunities
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Value Added Data Infosets
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Aquafeed Market Definition
Aquafeed refers to specially formulated food products designed to nourish aquatic animals such as fish, crustaceans, mollusks, and other marine organisms. These feeds are created to meet the nutritional requirements of aquatic species, promoting their growth, health, and overall well-being. Aquafeed typically contains a balanced mix of proteins, lipids, carbohydrates, vitamins, minerals, and additives such as probiotics or antioxidants, ensuring the animals receive all essential nutrients.
Aquafeed Market Dynamics
Drivers
- Rising Global Demand for Seafood
As the global population continues to rise, so does the demand for seafood, particularly in emerging markets where population growth and urbanization are driving dietary shifts towards more protein-rich food sources. Aquaculture plays a crucial role in meeting this growing demand, and high-quality aquafeed is essential for ensuring the sustainability and productivity of fish farming operations. By providing essential nutrients that promote healthy growth and disease resistance, aquafeeds support increased efficiency in aquaculture systems. This growing demand for seafood, paired with the need for sustainable aquaculture practices, serves as a major driver for the expansion of the global aquafeed market.
- Sustainable Aquaculture Practices
The growing focus on sustainability in aquaculture is driving a shift toward more eco-friendly aquafeeds. To reduce the environmental impact of fish farming, aquafeeds are increasingly formulated with plant-based proteins, insect meals, and other sustainable ingredients, reducing reliance on traditional fishmeal and fish oil. These alternatives help conserve marine resources and contribute to a lower carbon footprint in the production process. By improving feed efficiency and reducing waste, sustainable aquafeeds support more resource-efficient and environmentally friendly aquaculture practices. As consumers and regulators prioritize sustainability, this trend is becoming a significant driver for the growth of the global aquafeed market.
Opportunities
- Innovations in Feed Formulation
Innovations in feed formulation, such as precision feeding and the inclusion of functional additives, offer significant opportunities for improving the efficiency and effectiveness of aquafeeds. Precision feeding technologies allow for the accurate delivery of nutrients based on the specific needs of aquatic species, optimizing feed conversion rates and reducing waste. In addition, functional additives such as probiotics, enzymes, and vitamins can enhance the health and growth of farmed fish and other aquatic animals, improving overall productivity. These innovations lead to better growth rates, reduced disease, and lower operational costs, making aquaculture more profitable. As a result, these advancements present a major growth opportunity for the global aquafeed market.
- Aquaculture Diversification
As aquaculture continues to diversify, including new species such as shellfish, shrimp, and other non-traditional fish, the demand for specialized, species-specific feeds is rapidly increasing. Each species has unique nutritional needs, and customized aquafeeds are required to optimize growth, health, and productivity. This diversification presents a significant market opportunity for manufacturers to develop tailored solutions that address the specific requirements of different species, improving feed efficiency and minimizing waste. By offering specialized formulations that cater to various aquatic species, companies can expand their product portfolios and capture a larger share of the growing aquafeed market, particularly in emerging aquaculture sectors.
Restraints/Challenges
- Market Competition
As the global aquafeed market grows, the competition has become more intense, with numerous established and emerging players vying for market share. This heightened competition for high-quality ingredients, such as fishmeal, plant-based proteins, and sustainable additives, has increased production costs and made it harder for companies to differentiate their products. Furthermore, the need for continuous innovation in feed technology, such as precision feeding and functional additives, has put pressure on manufacturers to invest heavily in research and development. Smaller or newer companies may struggle to keep up with these advancements, limiting their ability to maintain a strong foothold in the market.
- Raw Material Price Volatility
Fluctuations in the prices of key ingredients such as fishmeal, fish oil, and plant-based proteins pose a significant restraint to the aquafeed market. These ingredients form the backbone of many aquafeed formulations, and their price volatility, driven by factors such as supply shortages, environmental conditions, and global demand, directly impacts production costs. As ingredient prices rise, manufacturers may face challenges in maintaining competitive pricing for their products, which can affect both affordability and profitability. This price instability makes it difficult for aquafeed producers to plan long-term, potentially limiting market growth and affecting the sustainability of aquaculture practices.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Aquafeed Market Scope
The market is segmented on the basis of ingredient, additive, species, form, lifecycle, function, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Ingredient
- Soybean
- Fishmeal
- Corn
- Fish Oil
- Additives
- Others
Additive
- Amino Acids
- Vitamins and Minerals
- Probiotics and Prebiotics
- Enzymes
- Antibiotics
- Antioxidants
- Others
Species
- Fish
- Crustaceans
- Mollusks
- Others
Form
- Dry Form
- Wet Form
- Moist Form
Lifecycle
- Grower Feed
- Finisher Feed
- Starter Feed
- Brooder Feed
Function
- Health
- Digestion
- Palatability
- Special Nutrition
Distribution Channel
- Direct Sales
- Indirect Sales
- Hypermarket/Supermarket
- Wholesalers
- Specialty Stores
- Online
- Other Retail Formats
Aquafeed Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, ingredient, additive, species, form, lifecycle, function, and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Asia-Pacific region is witnessing significant growth and is expected to achieve the highest compound annual growth rate 7.50% during the forecast period. This growth is driven by the rising demand for poultry products and the ongoing urbanization across the region. As more people in Asia-Pacific adopt urban lifestyles, the demand for protein-rich food, particularly poultry, continues to increase, fueling the expansion of the market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Aquafeed Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Aquafeed Market Leaders Operating in the Market Are:
- ADM (U.S.)
- Cargill Incorporated (U.S.)
- Ridley Corporation Limited (Australia)
- Darling Ingredients (U.S.)
- Knowde (U.S.)
- Nutreco (Netherlands)
- Alltech (U.S.)
- Purina Animal Nutrition LLC. (U.S.)
- Aller Aqua Group (Denmark)
- dsm-firmenich (Netherlands)
- BioMar Group (Denmark)
- Norel S.A. (Spain)
- Marvesa Oils and Fats B.V. (Netherlands)
- Adisseo (China)
- Avanti Feeds Ltd. (India)
- De Heus Animal Nutrition (Netherlands)
- Novus International, Inc. (U.S.)
- Kent Nutrition Group (U.S.)
- Biostadt (India)
- Charoen Pokphand Foods PCL (Thailand)
Latest Developments in Aquafeed Market
- In February 2024, Skretting, a prominent aquafeed producer based in Norway, unveiled a new production facility in Surat, India. The advanced facility features cutting-edge technology and includes three production lines, with an estimated annual capacity of approximately 50,000 metric tons. This expansion highlights Skretting's commitment to meeting the growing demand for high-quality aquafeed in the Indian market and beyond
- In December 2023, the Government of India introduced its first vegan aquafeed, Bio Guru 3F Pro: Bio-fermented Fish Feed, at the Global Bio-India 2023 event. This groundbreaking product marks India's entry into cruelty-free aquaculture, offering an innovative, sustainable alternative to traditional fish-based feeds. The launch reflects the nation's commitment to advancing environmentally friendly and ethical practices in the aquaculture industry
- In June 2021, the Aquaculture Stewardship Council (ASC) introduced a new Aquafeed standard aimed at addressing irresponsible and unsustainable practices within the industry. This standard sets guidelines to promote environmentally and socially responsible aquafeed production, encouraging sustainability throughout the aquaculture supply chain. The launch reflects ASC's ongoing commitment to improving sustainability and ensuring better practices in the global aquafeed sector
- In August 2021, the Central Institute of Fisheries Technology (CIFT) developed an innovative solution to address the issue of fisheries waste being used in fish feeds. This new technology helps reduce the environmental risks associated with waste and offers sustainable income opportunities for local communities. The initiative aims to enhance both the efficiency and sustainability of the aquaculture industry while supporting economic growth in the sector
- In February 2020, Aller Aqua A/S introduced a new line of functional aquafeeds designed to enhance the growth and survival of various fish species. These feeds are formulated with specialized ingredients that support the overall health and development of aquatic animals. The launch reflects Aller Aqua’s commitment to innovation, aiming to improve the productivity and sustainability of aquaculture practices
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