Aquatic Feed Market

Global Aquatic Feed Market Size (2024 to 2032)

The global aquatic feed market was valued at USD 158.61 billion in 2023 and is anticipated to reach USD 174.51 billion in 2024 from USD 379.56 billion by 2032, growing at a CAGR of 10.2% from 2024 to 2032.

A major important part of running successful commercial aquaculture is the selection of the right manufactured feeds that provide the balanced nutrition required by fish. The feed may be either granular or in the form of pellets and is essential in providing the fish with a balanced diet within their enclosures where their natural food sources may be absent.

Wheat is being used as a major ingredient in all aquatic feed due to its binding property for holding the pellets together. As for the carnivorous species of fish such as salmon, trout, and turbot, fishmeal and fish oil are the major components for making the feed. Other key ingredients in fish feed include vegetable proteins, vitamins, minerals, and cereal grains. 

Market Drivers and Restraints

The major factors affecting the aquatic feed market include the rising populations, the rise in income leading to increased demand for seafood, the rapid urbanization, and a strong expansion of the seafood production industry aided by technological advancements making for better distribution and storage. The market is also bolstered by the rise in demand for natural health supplements of which omega-3 fatty acids derived from certain species of fish are a major component. The soaring prices of materials needed for aquatic feed production are one of the restraints of the market along with the fact that the industry is profitable only with large-scale production.

REPORT COVERAGE

REGIONAL ANALYSIS

The Aquatic Feed Market was dominated by the Asia Pacific in 2016, with the region accounting for almost 60% of the overall market share. North America was next in line followed by Europe. Asia Pacific is also expected to grow rapidly in the coming years as is evident from the high CAGR value for the region.

KEY MARKET PLAYERS

The Aquatic Feed market is highly competitive with a large number of players. Key market players dominating the market with their products are Cargill Inc., BioMar group, Waterbase Ltd, BASF SE, Alltech Inc., Coppen International, Evonik Industries, Archer Daniels Midland Company, Ridley Corporation, Nutreco NV, Avanti Feeds Ltd, Ewos.

DETAILED SEGMENTATION OF THE GLOBAL AQUATIC FEED MARKET INCLUDED IN THIS REPORT

This research report on the global aquatic feed market is segmented and sub-segmented into the following categories.

By Ingredient

• Soybean
• Corn, Fish Meal
• Fish Oil
• Additives
• Others

By Additive Type

• Antibiotics
• Vitamins
• Antioxidants
• Amino Acids
• Feed Enzymes

• Feed Acidifiers
• Other Additives

By End User

• Fish Feed
• Tilapia
• Salmon
• Carp
• Catfish Feed

By Molluscs

• Oyster Feed
• Mussel Feed

By Crustaceans

• Shrimp Feed
• Crab Feed

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa