Commercial Aqua Feed Market

Global Commercial Aqua Feed Market Size (2024 to 2032)

The global commercial aquafeed market was valued at USD 142.17 billion in 2023 and is anticipated to reach USD 154.37 billion in 2024 from USD 298.23 billion by 2032, growing at a CAGR of 8.58% from 2024 to 2032.

Manufactured feeds are a significant part of the modern aquaculture industry. They provide the balanced nutrition needed by farm fish. The feeds are available in the form of granules or pellets and provide nutrition in a stable and concentrated form, enabling the fish to feed efficiently and grow up to their full potential.

Many of the fish brought up in farms around the world today are carnivorous, such as the Atlantic salmon, trout, sea bass, and turbot. In the early development of fish feeding, which has evolved into modern aquaculture, fishmeal, and fish oil were key components of the feeds for these species. They are combined with other ingredients such as vegetable proteins, cereal grains, vitamins, and minerals and made into feed pellets. Wheat, for example, is widely used as it helps to bind the ingredients in the pellets.

The growth of the caseinate market is mainly driven by factors such as population growth, rising disposable income, and rapid urbanization and is facilitated by the strong expansion of fish production and more efficient distribution channels. As for the restraints of the market, large-scale storage of the same for farms is still a problem, and the high costs are also a turn-off for the market. The industry has to come up with innovative solutions for these problems in order for the market to grow freely.

REPORT COVERAGE

REGIONAL ANALYSIS

The Commercial Aquafeed Market is dominated by North America in 2016 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in the coming years.

KEY MARKET PLAYERS

Archer Daniels Midland Company, Ridley Corporation Limited, Cargill, Nutreco N.V., and Avanti Feeds Ltd are well-established and financially stable players that have been operating in the industry for several years. Other players include Purina Animal Nutrition LLC, Nutriad, Alltech, Biostadt India Limited, Aller Aqua A/S, Biomar, BIOMIN Holding GmbH, Norel Animal Nutrition, Dibaq A.S, De Heus Animal Nutrition. Some of the market players dominate the global commercial aqua feed market.

DETAILED SEGMENTATION OF THE GLOBAL COMMERCIAL AQUA FEED MARKET INCLUDED IN THIS REPORT

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

By End User

• Fish
• Mollusks
• Crustaceans

By Ingredients

• Soybean
• Corn
• Fish Meal
• Fish Oil
• Additives
  • Antibiotics
  • Vitamins
  • Anti-Oxidants
  • Amino Acids
  • Feed Enzymes
  • Feed Acidifiers

By Region

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