Aquafeed Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Aquafeed Market Companies and it is Segmented by Type (fish feed (carp feed, salmon feed, tilapia feed, catfish feed, and other fish feed), mollusk feed, crustacean feed (shrimp feed and other crustacean feed), and other aquafeed) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size and forecasts in value (USD million) for all the above segments.

Aquafeed Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Aquafeed Market Size

Aquafeed Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 54.13 Billion
Market Size (2030) USD 65.86 Billion
CAGR (2025 - 2030) 4.00 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Aquafeed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Aquafeed Market with other markets in Animal Nutrition & Wellness Industry

Compound Feed

Feed Additives

Pet Care

Animal Farm Services

Aquafeed Market Analysis

The Aquafeed Market size is estimated at USD 54.13 billion in 2025, and is expected to reach USD 65.86 billion by 2030, at a CAGR of 4% during the forecast period (2025-2030).

  • Aquafeeds are compounded meals prepared for aquatic animals by mixing various raw materials and additives. These mixtures are designed according to the species' specific requirements and the animal's age.
  • Aquafeed is essential to aquaculture due to its immune-resistant, nutritional, and growth-promoting properties. High-quality aquafeed is exponentially more beneficial to mollusks, fish, crustaceans, and other aquatic animals than farm-made feed due to its balanced and need-specific composition.
  • Furthermore, there is an increase in direct human consumption of fish compared to other types of meat, such as cattle and poultry. This increase is due to the availability of various fish in the retail market and several health benefits associated with it, such as enhancing cognitive development in children, lowering the fat level in the body, and assisting in reducing the threat of cardiovascular diseases. Likewise, a rise in per capita income, especially in developing nations, is expected to maintain the growth of the aquafeed industry.
  • Moreover, several government initiatives and schemes have been implemented to encourage farmers to utilize high-quality feed. For instance, the government of India allocated USD 73.84 million for the continuation of the 'Blue Revolution Scheme' during the financial year 2020-21. This scheme undertakes various ongoing fisheries development programs, including marine fishery, mariculture, and aquaculture.
  • Therefore, with the rising population aware of the health benefits of consuming fish, along with initiatives taken by the government and considering the factors mentioned above, the market is projected to grow during the study period. However, some restraints are limiting the growth of the market. The prices associated with the raw materials are constantly fluctuating and hence may negatively affect the development of the Aquafeed Market.

Aquafeed Industry Overview

The aquafeed market is relatively consolidated, with major players holding a significant market share. Cargill Incorporated, Charoen Pokphand Group, Aller Aqua A/S, BioMar A/S, and Nutreco NV are the major players in the market. The players are investing in new products and improvisation of products, partnerships, expansions, and acquisitions for business expansions.

Aquafeed Market Leaders

  1. BioMar A/S

  2. Aller Aqua A/S

  3. Cargill Inc.

  4. Nutreco NV

  5. Charoen Pokphand Foods PCL.

  6. *Disclaimer: Major Players sorted in no particular order
Aquafeed Market Concentration
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Aquafeed Market News

  • November 2022: Norwegian RAS trout farmer, Hima Seafood, signed a five-year contract with Skretting Norway to be the primary feed supplier for the trout production that will start up at Rjukan in Telemark in 2023.
  • November 2022: Skretting opened its new fish feed factory, Lotus II, in Vietnam. The fish feed factory consists of two independent lines with a production capacity of 100,000 tons per year.
  • November 2022: De Heus opens its fourth feed facility in Indonesia. The feed mill is on an area of five hectares in PIER Pasuruan, East Java, with an annual production capacity of 300,000 MT.

Aquafeed Market Report - Table of Contents

1. INTRODUCTION

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

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Fish Feed
    • 5.1.1.1 Carp Feed
    • 5.1.1.2 Salmon Feed
    • 5.1.1.3 Tilapia Feed
    • 5.1.1.4 Catfish Feed
    • 5.1.1.5 Other Fish Feed
    • 5.1.2 Mollusk Feed
    • 5.1.3 Crustacean Feed
    • 5.1.3.1 Shrimp Feed
    • 5.1.3.2 Other Crustacean Feed
    • 5.1.4 Other Aquafeed
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Mexico
    • 5.2.1.4 Rest of North America
    • 5.2.2 Europe
    • 5.2.2.1 Spain
    • 5.2.2.2 United Kingdom
    • 5.2.2.3 France
    • 5.2.2.4 Germany
    • 5.2.2.5 Russia
    • 5.2.2.6 Italy
    • 5.2.2.7 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 Japan
    • 5.2.3.4 Thailand
    • 5.2.3.5 Vietnam
    • 5.2.3.6 Australia
    • 5.2.3.7 Rest of Asia-Pacific
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 South Africa
    • 5.2.5.2 Egypt
    • 5.2.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Aller Aqua AS
    • 6.3.2 Alltech Inc.
    • 6.3.3 Archer Daniels Midland Co.
    • 6.3.4 BioMar AS
    • 6.3.5 Cargill Incorporated
    • 6.3.6 Charoen Pokphand Group
    • 6.3.7 Coppens International BV
    • 6.3.8 Hanpel Tech Co. Ltd
    • 6.3.9 Kemin Industries Inc.
    • 6.3.10 Inve Aquaculture Inc.
    • 6.3.11 Nutreco NV
    • 6.3.12 Nutriad International NV
    • 6.3.13 Ridley Corporation Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aquafeed Industry Segmentation

Aquafeed is a mixture of raw materials, additives, and other supplements, sourced from natural or synthetic sources and fed to farmed fish. The Aquafeed Market is segmented by type (fish feed (carp feed, salmon feed, tilapia feed, catfish feed, and other fish feed), mollusk feed, crustacean feed (shrimp feed and other crustacean feed), and other aquafeed) and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size and forecasts in value (USD million) for all the above segments.

Type Fish Feed Carp Feed
Salmon Feed
Tilapia Feed
Catfish Feed
Other Fish Feed
Mollusk Feed
Crustacean Feed Shrimp Feed
Other Crustacean Feed
Other Aquafeed
Geography North America United States
Canada
Mexico
Rest of North America
Europe Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Asia-Pacific China
India
Japan
Thailand
Vietnam
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle-East and Africa South Africa
Egypt
Rest of Middle-East and Africa
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Aquafeed Market Research FAQs

How big is the Aquafeed Market?

The Aquafeed Market size is expected to reach USD 54.13 billion in 2025 and grow at a CAGR of 4% to reach USD 65.86 billion by 2030.

What is the current Aquafeed Market size?

In 2025, the Aquafeed Market size is expected to reach USD 54.13 billion.

Who are the key players in Aquafeed Market?

BioMar A/S, Aller Aqua A/S, Cargill Inc., Nutreco NV and Charoen Pokphand Foods PCL. are the major companies operating in the Aquafeed Market.

Which is the fastest growing region in Aquafeed Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Aquafeed Market?

In 2025, the Asia Pacific accounts for the largest market share in Aquafeed Market.

What years does this Aquafeed Market cover, and what was the market size in 2024?

In 2024, the Aquafeed Market size was estimated at USD 51.96 billion. The report covers the Aquafeed Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Aquafeed Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Aquafeed Industry Report

The global aquafeed market is segmented by type into fish feed, mollusk feed, crustacean feed, and other aquafeed. The fish feed segment includes carp feed, salmon feed, tilapia feed, catfish feed, and other fish feed. The market is also segmented by geography, covering North America, Europe, Asia-Pacific, South America, and the Middle-East and Africa. The report offers insights into the market size and provides forecasts in value for all these segments.

The industry analysis reveals significant market growth, driven by the increasing demand for aquafeed across various regions. The market forecast indicates a positive outlook, with key market trends contributing to the expansion of the aquafeed industry. The report also highlights the market share of different segments and provides a comprehensive market overview.

Industry reports suggest that the market leaders are focusing on innovative strategies to capture a larger market share. The market review includes detailed industry research and industry statistics, offering valuable market data for stakeholders. The industry information is supported by a market forecast that predicts continued growth in the coming years.

The market segmentation covers various types of aquafeed, providing a detailed market analysis for each segment. The industry outlook is optimistic, with market predictions indicating robust growth. The report example provided in the form of a report PDF offers a thorough market review, including industry trends and market value.

In summary, the global aquafeed market is poised for significant growth, supported by comprehensive industry research and market data. The market outlook remains positive, with industry leaders driving innovation and expansion. The report provides valuable insights into the market size, growth rate, and market segmentation, making it an essential resource for understanding the aquafeed industry's future trajectory.