Aquafeed Market: Size, Share, Trends & Forecast (2024-2029) 

The market report offers a detailed analysis segmented by Ingredients (Soybean, Fish Meal, Corn, Fish Oil, Additives, Others); by Species (Fish, Crustaceans, Mollusks, Others); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

• The aquafeed market is estimated to be at USD 65,145.11 Mn in 2025 and is anticipated to reach USD 87,420.12 Mn in 2030. 

• The aquafeed market is registering a CAGR of 6.06% during the forecast period 2025-2030. 

• The aquafeed market is expanding due to the rising global demand for seafood and the need for efficient, high-quality feed to support aquaculture production. Growth is driven by an increasing focus on sustainable practices and specialized feed formulations that enhance fish health. However, the market faces challenges such as disease control, environmental concerns, and lack of awareness about modern feeding methods in developing regions. Overall, innovation and sustainability remain central themes in the industry’s evolution. 

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Ecosystem 

• The participants in the global aquafeed industry are always developing their strategies to preserve a competitive advantage. 

• Companies compete by offering specialized feed formulations tailored to specific species, health benefits, or sustainable ingredients, aiming to attract environmentally and health-conscious consumers. 

• Several important entities in the aquafeed market include Archer Daniels Midland Co.; Cargill, Inc.; DSM-Firmenich AG; Nutreco N.V.; Alltech Inc.; and others. 

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Findings 

Attributes	Values
Historical Period	2019-2023
Base Year	2024
Forecast Period	2025-2030
Market Size (2025)	USD 65,145.11 Mn
Market Size (2030)	USD 87,420.12 Mn
Growth Rate	6.06% CAGR from 2025 to 2030
Key Segments	Ingredients (Soybean, Fish Meal, Corn, Fish Oil, Additives, Others); Species (Fish, Crustaceans, Mollusks, Others); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Archer Daniels Midland Co.; Cargill, Inc.; DSM-Firmenich AG; Nutreco N.V.; Alltech Inc.
Key Countries	The US; Canada; Mexico; Ecuador; Brazil; Chile; China; Vietnam; Japan; Thailand; The UK; Germany; Belgium; Netherlands; Turkey; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	Asia Pacific

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Trends  

• Use of Functional Additives for Fish Health: Producers are adding bioactive compounds like prebiotics, probiotics, and enzymes to aquafeed to enhance fish immunity and gut health. A probiotic supplement in shrimp feed helps reduce bacterial infections, boosting shrimp survival rates and minimizing antibiotic use. Nutribyte developed a probiotic supplement called Nutrimix for shrimp feed. This supplement has been shown to significantly reduce bacterial infections in shrimp, which leads to higher survival rates and a decreased reliance on antibiotics in aquaculture operations. 

• Insect-Based Protein Sources: With sustainable protein sources becoming crucial, insect meal is increasingly popular in fish feed, especially for carnivorous fish. Black soldier fly larvae offer a high-protein alternative that reduces reliance on fishmeal and soy, which lowers feed costs and environmental impact. 

• Precision Nutrition Using AI and Data Analytics: AI-driven solutions enable tailored feeding regimens based on fish species, lifecycle, and environmental conditions. These systems, used in aquaculture farms, analyze data to optimize nutrient content, which leads to better growth rates and resource efficiency. For instance, Aquabyte, a company specializing in aquaculture technology, uses computer vision and machine learning to monitor fish health and behavior in real-time. Their platform analyzes data to optimize feeding schedules and nutrient content, which results in improved growth rates and enhanced resource efficiency. 

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Catalysts 

• Growth in Aquaculture Industry: The rapid expansion of aquaculture globally has increased demand for high-quality aquafeed. This growth is due to the rising need for sustainable food sources and the ability of aquaculture to meet the protein demands of a growing population. As aquaculture facilities expand and intensify, demand for specialized feeds tailored to various fish species and life stages also rises, fostering innovation and variety within the aquafeed sector. 

• Rise in Seafood Trade: The globalization of seafood trade is stimulating aquafeed demand as fish farmers strive to meet the needs of diverse international markets. Higher export opportunities drive producers to enhance their yields, often through higher feed quality. As a result, demand for nutritious, efficient feed formulations rises, particularly as nations emphasize traceability and sustainability in seafood production. 

• Increase in Fish Consumption: The increasing awareness of the health benefits of fish consumption, including high protein and omega-3 fatty acids, is propelling fish to become a staple in many diets worldwide. This trend directly influences the aquafeed market, as producers require consistent, high-quality feed to keep up with consumer demand. This is especially relevant in regions where fish is a primary protein source, further boosting aquafeed market growth. 

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Restraints 

• Growth in Environmental and Human Health Concerns: Increasing awareness of environmental impact and food safety is pushing aquafeed producers to develop more sustainable and safe feed options. Balancing these concerns with the cost and availability of sustainable ingredients remains a significant challenge. 

• Disease Outbreaks and Prevention Measures: Disease outbreaks among farmed fish create a demand for specialized feeds with preventive or therapeutic qualities. However, developing and distributing these specialized feeds, especially for diverse species, adds complexity to the market. 

• Lack of Awareness About Modern Feeding Methods in Developing Countries: In many developing nations, limited access to information and resources on efficient and sustainable feeding practices hampers the adoption of high-quality aquafeed. This slows industry growth in these regions and impacts the overall efficiency and yield of aquaculture practices. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Aquafeed Market (2019 – 2023)         2.2.    Global Aquafeed Market (2024 – 2030)  3.       Market Segmentation         3.1.    Global Aquafeed Market by Ingredients                3.1.1.    Soybean                3.1.2.    Fish Meal                3.1.3.    Corn                3.1.4.    Fish Oil                3.1.5.    Additives                3.1.6.    Others         3.2.    Global Aquafeed Market by Species                3.2.1.    Fish                3.2.2.    Crustaceans                3.2.3.    Mollusks                3.2.4.    Others  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Ecuador                4.2.2.    Brazil                4.2.3.    Chile                4.2.4.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    Vietnam                4.3.3.    Japan                4.3.4.    Thailand                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Belgium                4.4.4.    Netherlands                4.4.5.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Aquafeed Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Archer Daniels Midland Co.         9.2.    Cargill, Inc.         9.3.    DSM-Firmenich AG         9.4.    Nutreco N.V.         9.5.    Alltech Inc.         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Aquafeed Market – FAQs 

1.  What is the current size of the aquafeed market? 

Ans. In 2025, the aquafeed market size is USD 65,145.11 Mn. 

2.  Who are the major vendors in the aquafeed market?  

Ans. The major vendors in the aquafeed market are Archer Daniels Midland Co.; Cargill, Inc.; DSM-Firmenich AG; Nutreco N.V.; Alltech Inc. 

3.  Which segments are covered under the aquafeed market segments analysis?  

Ans. The aquafeed market report offers in-depth insights into Ingredients, Species, and Geography.