Aquafeed Market by End User, Ingredient Type, Additive Type, and Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2034
Overview
Aquafeed Market was valued at USD 71.09 Bn in 2025 and is expected to reach USD 130.69 Bn by 2034 at a CAGR of 7% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Aquafeed Market Size, Growth & Share Analysis
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Aquafeed Market Dynamics:
The emergence of new species in aquaculture and the growth of fish farming are creating new revenue avenues for the players operating in the market. The new fish species which includes meager, amberjack, and wreckfish are more dependent on commercially manufactured compound feeds.
Introduction of new algae aquaculture feed ingredient as the replacement of fishmeal and fish oil with plant-based materials, which are low in docosahexaenoic acid (DHA) in formulated feeds. More than 70 percent of fish meal protein is replaced with soybean meal without adding squid meal, krill meal, and attractants. Soybean meal increases the proteins in the human body by decreasing the oils that cause health issues. Data collection and dissemination is a key element for monitoring the status and trend of ornamental fish culture. If the volume and diversity of trade are better known, it will be possible to tackle other relevant issues that can lead to environmental and economic benefits for production in the aquafeed marketplace. Demand for salmonid feeds will be almost static, and it increases in aquaculture production being compensated by improvements in food conversion ratio (FCR). Equally, the market for commercial feeds is expected to increase for catfishes and other carnivorous fishes.
Aquafeed Market Segment Analysis:
Based on the ingredients type, the soybean segment is expected to account for the largest share in the aquafeed market during the forecast period. Soybean is an excellent source of protein for aquafeed, it contains about 48% high-quality protein. It is also rich in digestible amino acids and xanthophylls, because of its high nutrient level, it is extensively used as an important protein source in the production of aquafeed.
Based on the end-user, the fish segment held the largest share in 2025 and is estimated to show the fastest growth rate during the forecast period. Fish is the low-cost and most easily digestible animal protein. The rise in fish farming activities and aquaculture has led to increased demand for fish feed. Additionally, the adoption of artificial settings like Recirculating Aquaculture System (RAS) and Aquaponics to increase fish production and its availability for consumption is generating the demand for aquafeed.
Aquafeed Market Regional Insights:
Asia-Pacific dominates the Global Aquafeed Market. Asia-Pacific is the largest aquafeed market in 2025, accounting for over 53% of the global market‘s revenue, and constituting more than 58% of the overall aquafeed consumption. The highest growth for fish consumption is expected from the Asia-Pacific and Latin American regions because of changing diet patterns, urbanization, population, and economic growth.
For example, the Chinese demand for fish continues to surpass the domestic supply, as stated by Agriculture and Agri-food Canada. North America and Europe, which have relatively small aquaculture industries, have a high demand for fish and other seafood products and depend on Asian producers to meet their demands.
The objective of the report is to present a comprehensive assessment of the market and contain insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by solution type, end-user, and region and, projects the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Aquafeed market.
Aquafeed Market Recent Industry Developments
| Date | Company | Development | Impact |
|---|---|---|---|
| 14 February 2025 | Skretting | Skretting announced the commercial rollout of a novel micro-extruded functional feed optimized for early-stage shrimp cultivation. | This launch enhances survival rates and early-stage feed conversion efficiency for commercial shrimp farmers. |
| 22 May 2025 | BioMar Group | BioMar inaugurated a state-of-the-art sustainable aquafeed production line incorporating alternative insect and algal proteins. | The facility scales up commercial output by 35,000 metric tons annually while significantly reducing marine resource dependency. |
| 10 September 2025 | Cargill, Incorporated | Cargill launched a digital precision nutrition platform designed to help aquaculture producers monitor real-time feeding metrics. | The digital tool improves operational productivity and reduces environmental waste through optimized nutrient delivery. |
| 18 January 2026 | Aller Aqua Group | Aller Aqua completed a strategic acquisition of a specialized organic feed additives manufacturing plant in Europe. | This acquisition strengthens the company's portfolio of health-promoting functional feeds and expands its regional market penetration. |
| 05 April 2026 | Charoen Pokphand Foods PCL | Charoen Pokphand Foods rolled out an advanced eco-friendly floating pellet formula certified for low carbon footprint aquaculture. | The product addresses stringent environmental sustainability standards while boosting growth performance across major Asian markets. |
Aquafeed Market Report Scope: Inquire before buying
| Aquafeed Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2025 | Forecast Period: | 2026-2034 |
| Historical Data: | 2020 to 2025 | Market Size in 2025: | USD 71.09 Bn. |
| Forecast Period 2026 to 2034 CAGR: | 7% | Market Size in 2034: | USD 130.69 Bn. |
| Segments Covered: | by End User | Fish Mollusks Crustaceans |
|
| by Ingredient | Soybean Corn Additives Fish meal Fish oil |
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| by Additive | Antibiotics Vitamins Antioxidants Amino acids Feed enzymes Feed Acidifiers |
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Aquafeed Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Aquafeed Market, Key Players:
1. Cargill, Incorporated
2. Archer Daniels Midland Company (ADM)
3. Nutreco N.V. (Skretting)
4. BioMar Group A/S
5. Charoen Pokphand Foods PCL (CPF)
6. dsm-firmenich
7. Alltech Inc.
8. Ridley Corporation Limited
9. Purina Animal Nutrition LLC
10. Adisseo
11. Aller Aqua Group
12. Avanti Feeds Limited
13. The Waterbase Limited
14. Japfa Ltd.
15. Norel Animal Nutrition
16. Biostadt India Limited
17. Royal De Heus B.V.
18. BENEO
19. Aker BioMarine
20. Dibaq Aquaculture
21. INVE Aquaculture
22. Marubeni Nisshin Feed Co. Ltd.
23. Evonik Industries AG
24. ForFarmers N.V.
25. Kemin Industries Inc.
26. Lallemand Inc.
27. Biorigin
28. Nouryon
29. Nutrien Ltd.
30. Wilbur-Ellis Nutrition LLC
Frequently Asked Questions:
1. Which region has the largest share in Global Aquafeed Market?
Ans: Asia-Pacific region holds the highest share in 2025.
2. What is the growth rate of Global Aquafeed Market?
Ans: The Global Aquafeed Market is growing at a CAGR of 7% during forecasting period 2026-2034.
3. What is scope of the Global Aquafeed market report?
Ans: Global Aquafeed Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Aquafeed market?
Ans: The important key players in the Global Aquafeed Market are –
Archer Daniels Midland Company, Cargill, Alltech, Ridley Corporation Ltd., Nutreco N.V, Avanti Feeds Ltd., Biostadt India Ltd., Nutriad, Aller Aqua A/S, BioMar, BIOMIN Holding GmbH, Norel Animal Nutrition, De Heus Animal Nutrition, Dibaq a.s,.
5. What is the study period of this market?
Ans: The Global Aquafeed Market is studied from 2020 to 2034.