Asia-Pacific Aqua Feed Market Size and Share

Asia-Pacific Aqua Feed Market (2025 - 2030)
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Asia-Pacific Aqua Feed Market Analysis by Mordor Intelligence

The Asia-Pacific aquafeed market reached USD 25.7 billion in 2025 and is on course to expand to USD 36.8 billion by 2030, reflecting a 7.4% CAGR. This growth is driven by the anticipated increase in consumption of aquatic animal products, with Asia representing the largest market share.[1]OECD, “Aquaculture Production Statistics 2024,” OECD, oecd.org Robust demand emerges from sharply rising fish and shrimp output, tighter government food-security agendas, and a decisive shift toward high-performance feed formulas that limit disease losses and lower environmental footprints. Intensifying production targets in China and India now blend with stronger urban seafood demand, spurring investments in extruded feed technology, functional additives, and precision nutrition research. Meanwhile, soaring ingredient volatility around fishmeal and fish oil propels soybean meal and novel proteins into core feed rations, even as regulators clamp down on phosphorus discharge. Taken together, these forces position the Asia-Pacific aquafeed market for steady value growth while widening the gap between technology-enabled suppliers and purely volume-based producers.

Key Report Takeaways

  • By species, fish feed held 52% of the Asia-Pacific aquafeed market share in 2024, and crustaceans are advancing at an 8.5% CAGR through 2030.
  • By ingredient, soybean meal captured 34% of the Asia-Pacific aquafeed market size in 2024, and functional additives are forecast to post a 10.2% CAGR to 2030.
  • By form, pellets led with 48% revenue share in 2024, and extruded feed is projected to expand at a 9.6% CAGR between 2025 and 2030.
  • By geography, China accounted for 42.5% of the Asia-Pacific aquafeed market size in 2024, and India is primed for a 7.05% CAGR to 2030.

Segment Analysis

By Species: Fish Dominance Drives Volume Growth

Fish diets generated 52% of the Asia-Pacific aquafeed market share in 2024, confirming the segment’s volume supremacy within the Asia-Pacific aquafeed market. Carp, tilapia, catfish, and diverse marine finfish underpin China’s mammoth output, with each species requiring unique amino-acid ratios to hit optimal feed-conversion benchmarks. The Asia-Pacific aquafeed market size attached to crustaceans remains smaller today, yet is rising quickly as shrimp estates in Vietnam, Thailand, and Indonesia pursue intensification and higher protein feeds. Crustaceans are estimated to grow at the highest rate, with an estimated CAGR of 8.5% from 2025 to 2030, reflecting strong demand momentum. 

Mollusk feed sees steady orders from Chinese coastal polyculture schemes that recycle excess nutrients through bivalves. Emerging eel and ornamental species stay in niche but command premium prices, enabling specialty manufacturers to charge higher margins. Precision-nutrition gains, delivering up to 20% feed-conversion efficiencies, allow growers to trim feeding days while lifting survival rates. Producers calibrate vitamin and mineral packs against water-temperature swings to mitigate stress-related diseases. Ultimately, wide species variety ensures sustained tonnage growth while inviting tailored feed niches that cushion producers from commodity price pressure.

Asia Pacific Aqua Feed Market: Market Share by Species
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By Ingredient: Soybean Meal Leadership Faces Alternative Protein Pressure

Soybean meal represented 34% of the Asia-Pacific aquafeed market size in 2024 and remains the backbone of many formulations thanks to established logistics networks and attractive protein ratios. Despite this edge, functional additives are projected to capture the fastest incremental value at a 10.2% CAGR (2025-2030) as disease mitigation rises to board-level priority. Fishmeal retains irreplaceable roles for marine carnivores and hatchery diets, though price spikes force partial substitution with corn-gluten meal and poultry by-product hydrolysate. Single-cell proteins, led by Calysta’s methane-fed technology, enter commercial rations for shrimp and freshwater fish in China, reducing reliance on volatile marine inputs.

Microalgae products such as Spirulina and Chlorella widen the functional-nutrition toolkit by delivering pigments, antioxidants, and essential fatty acids that lift flesh coloration and shelf life. Feed makers also explore insect meal sourced from black soldier fly larvae in Thailand and Vietnam, whose chitin content confers gut-health benefits. Suppliers refine enzymes to unlock greater digestibility from plant proteins, slicing inclusion levels of marine raw materials without compromising growth. With sustainability audits expanding across export markets, lower-carbon protein ingredients gain traction and may erode soybean meal’s share over the next decade.

By Form: Pellets Maintain Leadership Despite Extruded Feed Innovation

Pellets controlled 48% of 2024 revenue, reflecting the format’s entrenched infrastructure and budget appeal across the Asia-Pacific aquafeed market. Easy manufacturing, broad farmer familiarity, and low power requirements keep pellets popular in semi-intensive ponds. Yet extruded feed, posting a 9.6% CAGR, steadily chips away at that lead. Extrusion expands starch gelatinization, improving protein availability and limiting nutrient leaching, attributes now prized in high-density recirculating aquaculture systems.

Digital twin modeling within modern extrusion plants optimizes temperature and pressure settings, achieving tighter pellet uniformity and lower energy consumption. Powder meal maintains a foothold in hatcheries requiring micro-size particles for larval stages; technology advances now allow cold-set micro-encapsulation of sensitive vitamins. Overall, format diversification supports feed makers’ ability to match differing farming intensities while sustaining margins through value-added specifications.

Asia-Pacific Aqua Feed Market: Market Share by By Form
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Geography Analysis

China’s aquafeed leadership rests on unmatched output scale, deep ingredient pools, and rising offshore cage projects that stretch technical feed demands. China accounted for 42.5% of the Asia-Pacific aquafeed market in 2024, solidifying its dominance. Government environmental rules now incentivize low-phosphorus feeds, nudging suppliers toward enzyme supplementation and high-digestibility proteins. High-specification shrimp diets form a vibrant premium segment serving Guangdong processors that supply Japanese and U.S. retailers.

India’s catch-up path relies on integrated multi-trophic regulations that balance pond ecology, a policy cocktail that pulls novel functional-additive suppliers into the market. India is estimated to grow at a CAGR of 7.05% from 2025 to 2030, driven by increased focus on value-added inputs. Tilapia Parvovirus episodes sharpen India’s appetite for immune-boosting ingredients and real-time pond monitoring tools, embedding quality considerations into procurement norms once driven purely by price.

Vietnam’s export-oriented industry benefits from free-trade pacts that favor compliance with sustainability certifications, putting pressure on feed makers to provide traceable formulas with lower fishmeal inclusion. The country’s Mekong Delta hubs are increasingly pilot automatic feeding barges that link to cloud-based biomass estimations. Indonesia’s archipelagic geography complicates logistics, yet recent pellet plant investments along Java’s northern coast shorten lead times and curb freight costs. Thailand continues to set regional standards for Good Aquaculture Practices certification, expanding market access and feeding demand for pathogen-controlled feed lots. Smaller Asia-Pacific islands progressively adopt seaweed-and-bivalve integrations, supplying eco-certified stocks to tourism hotspots and adding incremental feed demand for tropical marine fish.

Competitive Landscape

The Asia-Pacific aquafeed market sits at moderate consolidation, as the top five firms command the majority of revenue. Charoen Pokphand Foods PCL exploits vertically integrated operations from broodstock to retail-branded seafood, allowing internal feed usage forecasts to align plant scheduling and hedge cost shocks. 

Chinese champions Tongwei Group Co., Ltd. cashes in proprietary probiotic strains and AI-driven nutrient modeling, differentiating offerings from generic peers. Norway-based SHV Holdings (Skretting) scales local production in Long An, Vietnam,[3]Skretting, “Our History,” skretting.com to bring European formulation experience closer to Asian grow-out conditions.  De Heus Animal Nutrition chips away in Indonesia with modular mill designs that can be expanded in phases, balancing risk and growth. 

As integrated producers broaden into branded seafood, feed quality becomes a competitive focal point that links farm survival rates to supermarket shelf margins. Overall, firms that marry nutrient science with digital management tools earn premium pricing power and foster stickier contracts.

Asia-Pacific Aqua Feed Industry Leaders

  1. Charoen Pokphand Foods PCL

  2. Tongwei Group Co., Ltd.

  3. Guangdong HAID Group Co., Ltd.

  4. Cargill, Inc.

  5. New Hope Group

  6. *Disclaimer: Major Players sorted in no particular order
APAC Aqua Feed Market Concentration
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Recent Industry Developments

  • May 2025: SHV Holdings subsidiary Skretting China has opened its first LifeStart production line in Asia, marking a strategic expansion into China's aquaculture sector. The facility, located in Zhuhai, was launched alongside five new hatchery feed products targeting species including salmon, tilapia, golden pompano, snakehead, and catfish.
  • January 2024: Calysta's FeedKind protein has received formal approval from China's Ministry of Agriculture and Rural Affairs (MARA) for use in aquaculture feeds. The approval follows an extensive evaluation process and enables the protein's use in fish and shrimp feeds. Calysseo, a joint venture between Calysta and Adisseo, will distribute the single cell protein through Adisseo's sales network in China.

Table of Contents for Asia-Pacific Aqua Feed Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Intensifying aquaculture production in China and India
    • 4.2.2 Rising seafood consumption driven by income growth
    • 4.2.3 Advances in nutritionally-balanced, species-specific formulations
    • 4.2.4 Increasing adoption of extruded aquafeed for improved digestibility
    • 4.2.5 Government push for integrated multi-trophic aquaculture
    • 4.2.6 Expansion of offshore cage farming
  • 4.3 Market Restraints
    • 4.3.1 Volatile fishmeal and fish-oil prices
    • 4.3.2 Disease outbreaks leading to temporary stocking cuts
    • 4.3.3 Regulatory caps on phosphorus discharge from feed
    • 4.3.4 Competition from single-cell protein alternatives
  • 4.4 Regulatory Landscape
  • 4.5 Technological Outlook
  • 4.6 Porter's Five Forces
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Suppliers
    • 4.6.3 Bargaining Power of Buyers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Intensity of Competitive Rivalry

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Species
    • 5.1.1 Fish
    • 5.1.2 Crustaceans
    • 5.1.3 Mollusks
    • 5.1.4 Others (Eels, etc.)
  • 5.2 By Ingredient
    • 5.2.1 Soybean Meal
    • 5.2.2 Fishmeal
    • 5.2.3 Fish-oil
    • 5.2.4 Functional Additives
    • 5.2.5 Others (Corn Gluten, etc.)
  • 5.3 By Form
    • 5.3.1 Pellets
    • 5.3.2 Extruded Feed
    • 5.3.3 Powdered Meal
    • 5.3.4 Liquid Feed
  • 5.4 By Country
    • 5.4.1 China
    • 5.4.2 India
    • 5.4.3 Indonesia
    • 5.4.4 Vietnam
    • 5.4.5 Thailand
    • 5.4.6 Rest of Asia-Pacific

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share for Key Companies, Products and Services, and Recent Developments)
    • 6.4.1 Charoen Pokphand Foods PCL
    • 6.4.2 Cargill, Inc.
    • 6.4.3 Tongwei Group Co., Ltd.
    • 6.4.4 SHV Holdings
    • 6.4.5 New Hope Group
    • 6.4.6 ADM
    • 6.4.7 Alltech
    • 6.4.8 Guangdong HAID Group Co., Ltd.
    • 6.4.9 Aller Aqua A/S
    • 6.4.10 Thai Union Feedmill Public Company Limited.
    • 6.4.11 De Heus Animal Nutrition
    • 6.4.12 Avanti Feeds Limited
    • 6.4.13 IFB Agro Industries Ltd
    • 6.4.14 Schouw & Co., (Biomar)
    • 6.4.15 Maruichi Co., Ltd. (Dainichi)
    • 6.4.16 Godrej Agrovet Limited
    • 6.4.17 Ridley Corporation Limited.
    • 6.4.18 Kemin Industries, Inc.

7. Market Opportunities and Future Outlook

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Asia-Pacific Aqua Feed Market Report Scope

Aqua feed forms an integral part of commercial and personal aquaculture and provides a wholesome and balanced diet for farmed fish. Aqua feed is primarily sourced from vegetables, grains, oilseeds, and other significant components. The Asia-Pacific aqua feed market is segmented by species into Litopenaeus vannamei, Penaeus monodon, Pangasius, Carp, Catfish, Tilapia, and Other Species and by Geography into India, Vietnam, Thailand, Indonesia, and the Philippines. A detailed country-wise analysis of every species type is provided in the report. The report offers an estimation and forecast of the market in value (USD million) for the abovementioned segments.

By Species
Fish
Crustaceans
Mollusks
Others (Eels, etc.)
By Ingredient
Soybean Meal
Fishmeal
Fish-oil
Functional Additives
Others (Corn Gluten, etc.)
By Form
Pellets
Extruded Feed
Powdered Meal
Liquid Feed
By Country
China
India
Indonesia
Vietnam
Thailand
Rest of Asia-Pacific
By Species Fish
Crustaceans
Mollusks
Others (Eels, etc.)
By Ingredient Soybean Meal
Fishmeal
Fish-oil
Functional Additives
Others (Corn Gluten, etc.)
By Form Pellets
Extruded Feed
Powdered Meal
Liquid Feed
By Country China
India
Indonesia
Vietnam
Thailand
Rest of Asia-Pacific
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Key Questions Answered in the Report

How large is the Asia Pacific aquafeed market today?

The market is valued at USD 25.7 billion in 2025 and is projected to reach USD 36.8 billion by 2030.

Which species segment uses the most feed across Asia Pacific?

Fish diets represent 52% of total feed value, making them the largest consuming segment.

What ingredient dominates Asia Pacific feed formulations?

Soybean meal leads with a 34% share, though functional additives are the fastest-growing category.

Why are extruded feeds gaining popularity?

Extruded pellets improve protein digestibility by 10-15% and reduce waste, which lowers overall production costs.

What is driving interest in single-cell proteins?

Regulatory approval in China and more predictable pricing than fishmeal makes single-cell proteins an attractive alternative.

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