Global Aquafeed Market Report

Global Aquafeed Market Report, By Additives (Antibiotics, Vitamins & Minerals, Antioxidants, Amino Acids, Feed Acidifiers, Anti-Parasitic, Enzymes, Probiotics & Prebiotics), Form (Dry, Moist, Wet), Feed (Starter Feed, Grower Feed, Finisher Feed, Brooder Feed), End Users (Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, Molluscs) and Geography – Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 1733 | Publish Date : Upcoming | Industry : Food_Beverage | Geography : Global


The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global aquafeed market. In addition, complete analysis of changes on the global Aquafeed market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. 



The global fish feed market is primarily driven by increasing seafood trade, growth in aquaculture production, and increasing consumer consumption of seafood due to the growing need for high protein diets. Aquafeed comprises one or more artificial and/or natural foods in the form of pellets or extruded pieces for commercial fish, crustaceans and molluscs. Growth in global aqua feed consumption continues to be significant due to the growth of the aquaculture industry. Global aquaculture production has grown rapidly over the past decades, contributing significantly to the global supply of fish and seaweed for human and animal consumption. 


Rising per capita income, especially in developing countries, is expected to support the growth of aquaculture and the feed industry. Most of the seafood demand is supplied by the US market. The National Marine Fisheries Service has introduced strict regulatory frameworks for the production, use and marketing of the fishing industry, making the aquafeed market more organized and modern. Recently, the United States banned the use of antibiotics as growth promoters in feed additives for aquatic animals. As a result of this ban, other natural alternatives have increased the demand for essential oils as they serve the required production with cost advantages, increasing the demand for feed for water. This is expected to be an innovative growth opportunity for the market. 


The market has major restraining factor like rise in raw material costs as majority of high-quality feed is prepared by fish meal and fish oil. Besides, increasing concern for the environment and sustainability, which is heightened by the fact that so many fish are produced in public water bodies is another factor which is expected to restraining the growth of the market over the forecast period.


The Covid-19 pandemic hampered the growth of market to major extent which has created a major challenges for the market growth. Also, the limited knowledge of the nutritional requirements of the vast majority of the fish and crustacean species currently farmed today is one of the biggest challenges currently facing aquafeed producers. This factor is expected to be a major challenge for the market growth over the forecast the period. 


The report provides in-depth analysis of global aquafeed market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various aquafeed in various aquaculture applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.



The global aquafeed market comprises of different market segment like additives, form, feed, end users and geography. 


By additives, the global Aquafeed market includes the key segments of 
  • Antibiotics
  • Vitamins & minerals
  • Antioxidants
  • Amino acids
  • Feed Acidifiers
  • Anti-parasitic
  • Enzymes
  • Probiotics & prebiotics
The amino acid segment is expected to dominate the market over the forecast period. This high proportion of growth of this segment  is attributed to benefits such as improved immunity, improved larval performance, optimized metabolic transformation efficiency in fish, increased tolerance to environmental stress, mediated efficiency, improves time spawning and also improvement of the taste and texture of fillets when added to aquafeed.


By form, the global Aquafeed market is segmented into
  • Dry
  • Moist
  • Wet
The dry from of aquafeed is expected to maintain its dominance over the estimated time period. This is attributed to its ability to increase the fish feed conversion ratio. It is also very likely that it will gain ground in the next few years as dry food is very palatable. Furthermore, wet food is also a commonly used form of water-based food. They are made with ingredients with a high moisture content, such as slaughterhouse waste, undried feed and peach waste. These wet foods are produced daily in the barns of the farm and are mainly intended for carnivorous fish such as sea bream, bass and eel, among others. In addition to dry and wet food, moist food is also used to a significant extent. These foods are made by mixing wet, dry and wet raw materials. Due to the presence of sodium chloride and propylene glycol in some of the wet foods, they do not need to be frozen.


By feed, the Aquafeed market is segmented into  
  • Starter Feed
  • Grower Feed
  • Finisher Feed
  • Brooder Feed 
The grower feed is expected to find increasing demand in the market over the forecast period.  The high proportion of growth of this segment is due to increasing use by animals aged 6 to 20 weeks to meet their nutritional needs. This type of food is given to the animal until it is ready to start breeding and laying eggs. It is necessary to switch from a starter food to a growth food because excessive levels of protein can lead to long-term liver or kidney problems.


The Aquafeed market has major end users like 
  • Carp
  • Rainbow Trout
  • Salmon
  • Crustaceans
  • Tilapia
  • Catfish
  • Sea Bass
  • Grouper
  • Molluscs
  • Others
The carp segment is expected to maintain its dominance over the estimated time period. The high growth rate of the segment can be attributed to the increasing consumption of this strain for its associated health benefits, such as strengthening immunity, improving heart health, managing chronic disease, and protecting gastrointestinal functions. Catfish, one of the sustainable fish species, are raised in freshwater ponds with rice, corn and soy as water fodder. It is the preferred group of farmed aquaculture species due to its ease of cultivation in less than ideal climatic conditions. The growing consumer demand for catfish due to its rich content of vitamin D and omega-6 fatty acids is expected to increase the demand for aquatic feed.


The global Aquafeed market is studied for the following region 
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the world (RoW)
Asia Pacific region is expected to find increasing demand in the market over the forecast period. This is attributed to the substantial growth of the regional aquaculture sector. This growth is due to the availability of cheap labor, the creation of conditions to promote the growth of aquaculture and the presence of natural resources in the region.
The aquaculture sector is growing significantly in European countries. Improvements in environmental management, together with significant increases in feed efficiency and nutrient consumption by aquatic species, have further fuelled market growth in Europe.


The competitive landscape analysis of aquafeed market is majorly focused on expanding the global growth of aquafeed with new product innovation, business expansion, increasing presence of range of manufacturer operating in aquafeed has led the growing demand for the market.  Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.  
The key players studied in market are 
  • Ridley Corporation Limited
  • Cargill, Incorporated
  • BioMar Group
  • Charoen Pokphand Foods Public Company Limited
  • Alltech
  • Avanti Feeds Limited
  • Biomin GmbH
  • Coppens International B.V.
  • Purina Animal Nutrition LLC
  • Archer Daniels Midland Company
  • Charoen Pokphand Foods PCL
  • BENEO GmbH 
  • INVE Aquaculture
  • Biostadt India Limited


June 2021: Cargill had announced that it had started producing AquaXcel feed in its Serang plant with the aim of enabling aquaculture customers to thrive by achieving more sustainable growth.
January 2019: ADM had acquired Neovia (formerly known as InVivo NSA) (France) for USD 1.82 billion (Euro 1.54 billion). This acquisition would provide a strong platform for ADM’s future growth.


Aquafeed is an ideal formulation of complete diet for food fish. Producing aquafeed requires high-level technical and scientific skills. The aim of aquafeed production is to provide feed which meets the fish’s nutritional requirements, although not exactly replicate the sources of food in a fish’s natural diet. Ingredients from land and marine animals as well as plants are used in aquafeed. Ingredients and finished products are rigorously tested to guarantee the necessary nutrients are present and in a form that is digestible by the fish. The report analyses the global aquafeed market based on ingredients, end users, additives and geography. Based on ingredients the market is divided into soybean, corn, fish meal, fish oil and others. The global aquafeed market on basis of end user is bifurcated into fish, mollusks, crustaceans and others. The fish segment is further divided into tilapia feed, salmon feed, carp feed and catfish feed. Mollusks includes oyster feed and mussel feed. Likewise, crustaceans include shrimp feed and crab feed. Based on additives, the global aquafeed market is bifurcated into antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers and others. Other feed additives include acidifiers and probiotics & prebiotics. By geography aquafeed market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Europe accounted for the largest share in the aquafeed. Rapid industrial and development in the fish farming sector and rising income and expenditure of the expanding middle class in developing nations are the major factors that robust the growth of aquafeed market in Europe. Some of the key participants in global aquafeed market are Archer Daniels Midland Company, Ridley Corporation Limited, Avanti Feeds Ltd, Nutreco N.V, Cargill, Incorporated, Purina Animal Nutrition (Land O’ Lakes Inc.), Alltech, Biostadt India Limited, Nutriad, Aller Aqua Group, BioMar Group, Biomin Holding GmbH, Dibaq a.s., Norel S.A, DE HEUS, etc


Market Sizing for Year:
Base Year:
Forecast Period:
USD million
Market Segment studied:




End Users

Market Players and its Competitors:

Ridley Corporation Limited (Australia)

Cargill, Incorporated (US)

BioMar Group (Denmark)

Charoen Pokphand Foods Public Company Limited (Thailand)

NUTRECO N.V. (Netherlands)

Alltech (US)

Avanti Feeds Limited (India)


Biomin GmbH (Austria)

Coppens International B.V. (Netherlands)

Purina Animal Nutrition LLC (US)

Archer Daniels Midland Company (US)

Charoen Pokphand Foods PCL (Thailand)

BENEO GmbH (Germany) 

INVE Aquaculture (Belgium)

Biostadt India Limited (India) 


What would be forecast period in the market report?

2022-2088 is the forecast period in the market report.

What are the drivers for Aquafeed market?

The key driving factors of the market are increasing seafood trade, growth in aquaculture production, and rising seafood consumption among consumers.

Which region is gaining majority of market share during the forecast period (2022-2028)?

Asia Pacific is expected to gain major market share during the forecast period (2022-2028).