The global Aquaculture Feed Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (Fish feed, Mollusk feed, Crustacean feed, Others), By Form (Wet, Dry)
The aquaculture feed market in 2024 is experiencing significant growth and innovation as the global aquaculture industry continues to expand to meet the rising demand for seafood products. Aquaculture feed plays a crucial role in supporting the growth, health, and productivity of farmed fish, crustaceans, and mollusks, providing essential nutrients, proteins, and vitamins for optimal development. With increasing consumer awareness of the health benefits of seafood and sustainable aquaculture practices, there's a growing demand for high-quality and nutritionally balanced aquafeed formulations. Manufacturers are innovating with ingredients, formulations, and production processes to enhance feed efficiency, minimize environmental impact, and improve overall fish health and welfare. Moreover, advancements in aquafeed technology, including extrusion, pelletization, and encapsulation, are optimizing feed digestibility and nutrient absorption, leading to improved growth rates and feed conversion ratios. As aquaculture production scales up globally to meet protein needs and reduce pressure on wild fish stocks, the aquafeed market is poised for continued growth and diversification in 2024, offering opportunities for sustainable innovation, ingredient sourcing, and market expansion.
The market report analyses the leading companies in the industry including Alltech Inc, Archer Daniels Midland Company (ADM), Avanti Feeds Ltd, BRF SA, Cargill Inc, Charoen Pokphand Foods PCL, Godrej and Boyce Manufacturing Co. Ltd, Grand Fish Feed, Growel Feeds Pvt. Ltd, IB Group, Land O Lakes Inc, National Aquaculture Group, Nutreco N.V., Olmix SA, Ridley Corp Ltd, and Others.
A significant trend in the aquaculture feed market is the growth in sustainable aquaculture practices. As concerns over environmental impact, resource depletion, and food security intensify, there is a heightened focus on adopting sustainable methods in aquaculture production. Sustainable aquaculture practices aim to minimize the ecological footprint of fish farming operations by optimizing feed efficiency, reducing waste, and promoting responsible sourcing of feed ingredients. This trend is driven by increasing consumer awareness of seafood sustainability issues, regulatory pressures, and industry initiatives promoting eco-friendly aquaculture practices, reflecting a collective effort towards a more environmentally conscious and socially responsible aquaculture sector.
A key driver shaping the aquaculture feed market is the rising global demand for seafood products. With growing populations, changing dietary preferences, and increasing disposable incomes, there is a growing appetite for seafood as a source of protein and essential nutrients. Aquaculture plays a crucial role in meeting this demand, providing a sustainable and efficient means of seafood production to supplement wild-caught fisheries. Aquaculture feed serves as a critical component of fish and shrimp farming operations, providing essential nutrients and promoting healthy growth and development in farmed aquatic species. This driver is fueled by the expanding aquaculture industry, evolving consumer preferences towards seafood consumption, and the need to address global food security challenges, driving demand for high-quality, nutritionally balanced aquaculture feeds.
An opportunity for growth in the aquaculture feed market lies in the development of specialized feed formulations tailored to the nutritional requirements of different aquatic species and production systems. As the aquaculture industry diversifies and intensifies, there is a demand for customized feed solutions that optimize growth performance, feed conversion efficiency, and overall health and welfare of farmed fish and shrimp. Manufacturers can seize this opportunity by investing in research and development to formulate species-specific feeds, incorporating a balanced mix of protein, carbohydrates, lipids, vitamins, and minerals to meet the unique nutritional needs of various aquaculture species at different life stages. Additionally, there is potential for innovation in feed ingredients and additives, such as alternative protein sources, prebiotics, probiotics, and immunostimulants, to enhance feed efficiency, disease resistance, and environmental sustainability in aquaculture production. By offering specialized feed formulations that address the evolving needs of aquaculture producers, manufacturers can position themselves for growth and success in the dynamic aquaculture feed market.
The Fish Feed segment dominates the Aquaculture Feed Market as the largest segment due to the substantial demand for fish feed in aquaculture operations worldwide. Fish feed is a crucial component in aquaculture, providing essential nutrients, proteins, and energy sources to support the growth and development of cultured fish species. With the expansion of aquaculture to meet increasing global demand for seafood, particularly fish, the consumption of fish feed has surged. Additionally, the diversity of fish species cultivated in aquaculture, including tilapia, salmon, carp, and catfish, further drives the demand for specialized fish feed formulations tailored to the nutritional requirements of different species and life stages. Further, advancements in aquafeed technology and sustainable feed ingredients contribute to the growth of the Fish Feed segment, as aquaculture producers seek efficient and environmentally friendly feed solutions to optimize production and reduce environmental impacts. Overall, the Fish Feed segment remains integral to the aquaculture industry's success, supporting sustainable fish production and global food security.
The Wet Form segment is the fastest-growing within the Aquaculture Feed Market, driven by its advantages in terms of palatability, nutrient retention, and ease of digestion for aquatic species. Wet feed, also known as extruded or pelleted feed, undergoes a process of cooking, steam conditioning, and extrusion, resulting in a moist and compact form that is highly palatable to fish and other aquatic organisms. This form of feed offers several benefits over dry feed, including improved nutrient retention and reduced feed wastage, leading to better feed conversion ratios and growth performance in aquaculture species. Further, wet feed formulations can incorporate a wider range of ingredients, including binders, attractants, and functional additives, to enhance feed quality and optimize nutritional profiles for specific species and life stages. Additionally, the moisture content in wet feed helps to maintain feed integrity and prevents dust formation, improving handling and reducing environmental contamination. As aquaculture producers increasingly prioritize feed efficiency, fish health, and growth performance, the Wet Form segment of the Aquaculture Feed Market experiences rapid growth, driving innovation and technological advancements in aquafeed formulation and production processes.
By Product
Fish feed
Mollusk feed
Crustacean feed
Others
By Form
Wet
Dry
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Alltech Inc
Archer Daniels Midland Company (ADM)
Avanti Feeds Ltd
BRF SA
Cargill Inc
Charoen Pokphand Foods PCL
Godrej and Boyce Manufacturing Co. Ltd
Grand Fish Feed
Growel Feeds Pvt. Ltd
IB Group
Land O Lakes Inc
National Aquaculture Group
Nutreco N.V.
Olmix SA
Ridley Corp Ltd
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Aquaculture Feed Market
2.1. Market Overview
2.2. Key Statistics and Report Highlights
2.3. Scope of the Comprehensive Study
2.3.1. Market Definition
2.3.2 Countries and Regions Covered
2.3.3 Research Objective
2.3.4 Units, Currency, and Conversions
2.3.5 Industry Value Chain
2.4. Key Market Segments
2.5. Key Companies
2.6. Study Period
Chapter 3. Strategic Analysis Review
3.1. Aquaculture Feed Pricing Analysis and Forecast
3.2. Porter’s Five Forces
3.3. Market Ecosystem
3.4. SWOT Analysis
3.5. Regulatory Scenario
3.3. Effects of Inflation, Russia-Ukraine War, moderating economic growth, and other macroeconomic factors
Chapter 4. Competitive Landscape
4.1. Market Share Analysis
4.1.1. Global Aquaculture Feed Market Share by Company, 2023
4.1.2. Product Offerings of Leading Aquaculture Feed Companies
4.2. Market Entropy
4.2.1. New Product Launches in the Industry
4.2.2. Mergers, Acquisitions, Joint ventures, and Partnerships
4.3. Key Strategies and Best Practices
Chapter 5. Global Market Projections: Best, Reference, and Low Case Scenarios
5.1. Growth Analysis- Case Scenario Definitions
5.2. Low Growth Case Scenario Forecasts
5.3. Reference Growth Case Scenario Forecasts
5.4. High Growth Case Scenario Forecasts
Chapter 6. Market Dynamics
6.1. Aquaculture Feed Market Drivers
6.2. Aquaculture Feed Market Challenges
6.6. Aquaculture Feed Market Opportunities
6.4. Aquaculture Feed Market Trends
Chapter 7. Global Aquaculture Feed Market Outlook Trends
7.1. Global Aquaculture Feed Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Aquaculture Feed Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Aquaculture Feed Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Product
Fish feed
Mollusk feed
Crustacean feed
Others
By Form
Wet
Dry
Chapter 8. Global Aquaculture Feed Regional Analysis and Outlook
8.1. Global Aquaculture Feed Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Aquaculture Feed Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Aquaculture Feed Regional Analysis and Outlook
8.2.2. Canada Aquaculture Feed Regional Analysis and Outlook
8.2.3. Mexico Aquaculture Feed Regional Analysis and Outlook
8.3. Europe Aquaculture Feed Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Aquaculture Feed Regional Analysis and Outlook
8.3.2. France Aquaculture Feed Regional Analysis and Outlook
8.3.3. United Kingdom Aquaculture Feed Regional Analysis and Outlook
8.3.4. Spain Aquaculture Feed Regional Analysis and Outlook
8.3.5. Italy Aquaculture Feed Regional Analysis and Outlook
8.3.6. Russia Aquaculture Feed Regional Analysis and Outlook
8.3.7. Rest of Europe Aquaculture Feed Regional Analysis and Outlook
8.4. Asia Pacific Aquaculture Feed Revenue (USD Million) by Country (2021-2032)
8.4.1. China Aquaculture Feed Regional Analysis and Outlook
8.4.2. Japan Aquaculture Feed Regional Analysis and Outlook
8.4.3. India Aquaculture Feed Regional Analysis and Outlook
8.4.4. South Korea Aquaculture Feed Regional Analysis and Outlook
8.4.5. Australia Aquaculture Feed Regional Analysis and Outlook
8.4.6. South East Asia Aquaculture Feed Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Aquaculture Feed Regional Analysis and Outlook
8.5. South America Aquaculture Feed Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Aquaculture Feed Regional Analysis and Outlook
8.5.2. Argentina Aquaculture Feed Regional Analysis and Outlook
8.5.3. Rest of South America Aquaculture Feed Regional Analysis and Outlook
8.6. Middle East and Africa Aquaculture Feed Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Aquaculture Feed Regional Analysis and Outlook
8.6.2. Africa Aquaculture Feed Regional Analysis and Outlook
Chapter 9. North America Aquaculture Feed Analysis and Outlook
9.1. North America Aquaculture Feed Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Aquaculture Feed Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Aquaculture Feed Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Aquaculture Feed Revenue (USD Million) by Product (2021-2032)
By Product
Fish feed
Mollusk feed
Crustacean feed
Others
By Form
Wet
Dry
Chapter 10. Europe Aquaculture Feed Analysis and Outlook
10.1. Europe Aquaculture Feed Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Aquaculture Feed Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Aquaculture Feed Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Aquaculture Feed Revenue (USD Million) by Product (2021-2032)
By Product
Fish feed
Mollusk feed
Crustacean feed
Others
By Form
Wet
Dry
Chapter 11. Asia Pacific Aquaculture Feed Analysis and Outlook
11.1. Asia Pacific Aquaculture Feed Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Aquaculture Feed Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Aquaculture Feed Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Aquaculture Feed Revenue (USD Million) by Product (2021-2032)
By Product
Fish feed
Mollusk feed
Crustacean feed
Others
By Form
Wet
Dry
Chapter 12. South America Aquaculture Feed Analysis and Outlook
12.1. South America Aquaculture Feed Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Aquaculture Feed Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Aquaculture Feed Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Aquaculture Feed Revenue (USD Million) by Product (2021-2032)
By Product
Fish feed
Mollusk feed
Crustacean feed
Others
By Form
Wet
Dry
Chapter 13. Middle East and Africa Aquaculture Feed Analysis and Outlook
13.1. Middle East and Africa Aquaculture Feed Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Aquaculture Feed Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Aquaculture Feed Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Aquaculture Feed Revenue (USD Million) by Product (2021-2032)
By Product
Fish feed
Mollusk feed
Crustacean feed
Others
By Form
Wet
Dry
Chapter 14. Aquaculture Feed Company Profiles
14.1 Business Overview
14.2 Product Profiles
14.3 SWOT Profiles
14.5 Recent Developments
14.6 Financial Profile
List of Companies
Alltech Inc
Archer Daniels Midland Company (ADM)
Avanti Feeds Ltd
BRF SA
Cargill Inc
Charoen Pokphand Foods PCL
Godrej and Boyce Manufacturing Co. Ltd
Grand Fish Feed
Growel Feeds Pvt. Ltd
IB Group
Land O Lakes Inc
National Aquaculture Group
Nutreco N.V.
Olmix SA
Ridley Corp Ltd
15. Methodology and Data Sources
15.1 Customization Offerings
15.2 Subscription Services
15.3 Related Reports
15.4 Publisher Expertise
LIST OF TABLES
Table 1 Market Segmentation Analysis
Table 2 Global Aquaculture Feed Market Share of Leading Companies, 2023
Table 3 Product Offerings of Leading Companies
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Aquaculture Feed Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Aquaculture Feed Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Aquaculture Feed Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Aquaculture Feed Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Aquaculture Feed Market Share (%) By Regions (2021-2032)
Table 12 North America Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Table 15 South America Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Aquaculture Feed Revenue (USD Million) By Region (2021-2032)
Table 17 North America Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Table 18 North America Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Table 19 North America Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
Table 26 South America Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Table 27 South America Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Table 28 South America Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
LIST OF FIGURES
Figure 1. Market Scope
Figure 2. Pricing Forecasts Per Unit, 2023- 2032
Figure 3. Porter’s Five Forces
Figure 4. Global Aquaculture Feed Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Aquaculture Feed Market Share (%) By Regions (2023)
Figure 6. North America Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 12. France Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 12. China Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 14. India Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Aquaculture Feed Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Aquaculture Feed Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Aquaculture Feed Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Aquaculture Feed Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Aquaculture Feed Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Aquaculture Feed Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Aquaculture Feed Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Aquaculture Feed Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Aquaculture Feed Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Aquaculture Feed Revenue (USD Million) By Product (2021-2032)
By Product
Fish feed
Mollusk feed
Crustacean feed
Others
By Form
Wet
Dry
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Aquaculture Feed Market Size is valued at $66.2 Billion in 2024 and is forecast to register a growth rate (CAGR) of 7.3% to reach $116.3 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Alltech Inc, Archer Daniels Midland Company (ADM), Avanti Feeds Ltd, BRF SA, Cargill Inc, Charoen Pokphand Foods PCL, Godrej and Boyce Manufacturing Co. Ltd, Grand Fish Feed, Growel Feeds Pvt. Ltd, IB Group, Land O Lakes Inc, National Aquaculture Group, Nutreco N.V., Olmix SA, Ridley Corp Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume