Aqua Feed Market Report 2025 (Global Edition)

Global Aqua Feed Market Report 2025 Market Size Split by Ingredients Outlook: (Soybean, Corn, Fishmeal, Fish Oil, Additives, Others), by Additives Outlook: (Antibiotics, Vitamins & minerals, Antioxida...

Aqua Feed Market Report Description

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Aqua Feed Market Insights Video

Competitive Landscape of the Aqua Feed Market

In the Aqua Feed Market's competitive landscape, numerous key competitors are driving innovation and growth. The makers of aquafeed are always conducting research and development to create a variety of natural and organic aquafeed that can be utilized for the production of different species. Market rivalry is encouraging technological and design innovations to create Aqua Feed that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.

• In December 2023, A brand-new aquafeed was introduced by the Indian government during its Global Bio-India 2023 event. Known as Bio Guru 3F Pro: Bio-fermented Fish Feed, the new aquafeed is the first vegan aquafeed in India. According to reports, this event marks India's foray into cruelty-free aquaculture. (Source: https://thebiostartups.com/news/9/733/indias-first-vegan-fish-feed-launched-in-global-bio-india-2023-ready-to-sale-and-support-healthy-aquaculture-worldwide.html) In June 2021, A new Aquafeed standard was introduced by the Aquaculture Stewardship Council (ASC) to address any careless and unsustainable practices in the sector. (Source: https://asc-aqua.org/producers/asc-standards/feed-standard/) In August 2021, The Central Institute of Fisheries technique (CIFT) developed a novel technique that offers viable revenue options while addressing the risk of fisheries waste being converted into fish feed. (Source: https://www.cift.res.in/uploads/FishtechReport/Fish%20Tec%20Report_2023%20July%20Dec%20Final_20240516102119.pdf)

•    3 June 2024, Aquafeed company Skretting has announced the launch of a new feed formulation concept through which it aims to increase the precision and efficacy of its feeds whilst reducing unnecessary excess.
•    21 November 2024, Aker QRILL Company, a new company spun out of Aker BioMarine, has been launched. The company, which will focus on providing marine ingredients for the aquaculture, animal feed, and nutraceutical industries, is owned by American Industrial Partners (AIP) and Aker Capital.
•    12 December 2024, Aquafeed producer BioMar has launched a new functional feed developed to help farmed fish endure challenging conditions, such as outbreaks of salmonid rickettsial septicaemia (SRS).

Top Companies Market Share in Aqua Feed Industry: (In no particular order of Rank)

• Cargill Incorporated (Minnesota U.S.)
• Archer Daniels Midland Company (Illinois U.S.)
• Alltech Inc. (U.S.)
• Purina Animal Nutrition (Missouri U.S.)
• Ridley Corp Ltd (Australia)
• Nutreco N.V. (Amersfoort Netherlands)
• Aller Aqua A/S (Christiansfeld Denmark)
• BioMar A/S (Denmark)
• Dibaq Aquaculture (Spain)
• Beneo GmbH (Germany)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Aqua Feed Market

Which Region Dominates the Aqua Feed Market in 2024?

According to Cognitive Market Research, North America currently dominates the Aqua Feed market, and the region is expected to have significant growth during the projected period. The large profit margin on aquaculture exports is another factor contributing to the region's latent growth in the high-quality fish feed sector.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR), dur to rising seafood consumption. Population growth and increased health consciousness are the main causes of this, as they are driving the market's expansion.

The current report Scope analyzes Aqua Feed Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Aqua Feed

According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 27261.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Aqua Feed Market with a market size of USD 21509.56 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The U.S. market's Stringent governmental regulations against pollution.
• The Canada Aqua Feed Market had a market share of USD 3271.42 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Aqua Feed Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 2480.82 million in 2024.

Europe Aqua Feed

According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 20446.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Aqua Feed Market had a market share of USD 3434.99 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Aqua Feed sales witness an upswing due to the increasing focus on sustainable aquaculture methods.
• The France Aqua Feed Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1881.06 million in 2024.
• According to Cognitive Market Research, the German Aqua Feed Market size was valued at USD 4048.38 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, Aqua Feed surged due to the Increased focus of the manufacturers and major market players.
• The Italy Aqua Feed Market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 1758.39 million in 2024.
• The Russia Aqua Feed Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 3169.18 million in 2024.
• The Spain Aqua Feed Market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 1676.60 million in 2024
• The Luxembourg Aqua Feed Market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 633.84 million in 2024.
• The Portugal Aqua Feed Market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 429.37 million in 2024.
• The Greece Aqua Feed Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 245.36 million in 2024.
• The Rest of Europe's Aqua Feed Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 3169.18 million in 2024.

Asia Pacific Aqua Feed

According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 15675.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Aqua Feed Market size was valued at USD 7053.99 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Aqua Feed surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Aqua Feed Market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 2163.22 million in 2024.
• The India Aqua Feed Market had a market share of USD 1881.06 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's rising awareness among the populations .
• The South Korean Aqua Feed Market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 1567.55 million in 2024.
• The Australian Aqua Feed Market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 815.13 million in 2024.
• The South East Asia Aqua Feed Market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 1081.61 million in 2024.
• The Rest of Asia Pacific Aqua Feed Market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 1112.96 million in 2024.

South America Aqua Feed

According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 3407.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Aqua Feed Market size was valued at USD 1458.51 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Aqua Feed flourished in Brazil due to increasing demand for fish and seafood.
• Argentina's Aqua Feed Market had a market share of USD 572.50 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Argentina's rising aquaculture output.
• Colombia Aqua Feed Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 303.29 million in 2024.
• Peru Aqua Feed Market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 279.43 million in 2024.
• Chile Aqua Feed Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 245.36 million in 2024.
• The Rest of Latin America's Aqua Feed Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 548.64 million in 2024.

Middle East Aqua Feed

According to Cognitive Market Research, the global Aqua Feed Market size was estimated at USD 68154.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1363.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries Aqua Feed Market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 583.40 million in 2024. Aqua Feed sales flourish due to the presence of major market players.
• The Egypt Aqua Feed Market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 143.12 million in 2024.
• The South Africa Aqua Feed Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 215.37 million in 2024. Aqua Feed sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Aqua Feed Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 117.23 million in 2024.
• The Nigeria Aqua Feed Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 143.12 million in 2024.
• The Rest of the MEA Aqua Feed Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 160.84 million in 2024.

Aqua Feed Market Analysis

How are Segments Performing in the Global Aqua Feed Market?

Aqua Feed Market Ingredient Segment Analysis

According to Cognitive Market Research, Soyabean are likely to dominate the Aqua Feed Market over the forecast period. Soyabean is now frequently used in feed preparation to improve the general growth and development of aquatic species. The industry's need for soybeans is expected to increase as a result of the growing use of soybean meal and cake in the production of organic feed.

The Additives is the fastest-growing segment in the Aqua Feed Market. Amino acids in particular are essential macromolecules required for the proper growth, development, and general upkeep of aquaculture. Manufacturer demand for additives is expected to increase as fish breeders become more inclined to use high-quality feed.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aqua Feed Industry. Request a Free Sample PDF!

Aqua Feed Market Additives Segment Analysis

According to Cognitive Market Research, the amino acids segment holds the largest share of the market. Its benefits, which include boosting immunity, improving larval performance, optimizing fish metabolic transformation efficiency, increasing tolerance to environmental stressors, mediating spawning efficiency and timing.

In the Aqua Feed Market, the antibiotics has been expanding at a rapid pace. Antibiotics are another common component in aquafeed, in addition to amino acids. By enhancing general health, they encourage greater growth and are employed to increase efficiency and productivity.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Aqua Feed Species Outlook: Segment Analysis

Aqua Feed Market Species Segment Analysis

According to Cognitive Market Research, The Fish segment holds the largest market share. Sales of fish feed are anticipated to benefit from the massive expansion of fish farming to close the supply and demand gap. Supporting the base of the food chain and maintaining a healthy fish population can be achieved with high-quality fish feed.

In the Aqua Feed Market, the rapidly growing sector is the mollusks category. The growing demand for fish feed from mollusk farmers is expected to increase as a result of the increased production of clams and oysters due to their growing appeal as a significant source of nourishment for people.

• Fish
• Crustaceans
• Others

Aqua Feed Form Outlook: Segment Analysis

Aqua Feed Market Form Segment Analysis

According to Cognitive Market Research, the Dry Form segment dominates the market. The aquaculture business around the world has a strong need for pellet feed because of its potential to increase fish feed conversion ratio. Because of its exceptional palatability and effectiveness in improving fish performance, dry fish feed is becoming more and more popular.

Wet Form is projected to be the fastest-growing segment in the Aqua Feed Market. Wet feeds are another popular type of aquafeed product. It has between 45% and 70% moisture content. High moisture content components including fishery waste, undried fodder, and slaughterhouse waste are used to make them.

• Dry
• Moist
• Wet

Aqua Feed Lifecycle Outlook: Segment Analysis

Aqua Feed Market Lifecycle Segment Analysis

According to Cognitive Market Research, the grower feed segment dominates the market. Its increasing use in animals between the ages of 6 and 20 weeks to meet their nutritional needs is the reason for its high share. The animal is fed this kind of feed until it is ready to begin mating and laying eggs.

Finisher Feed is projected to be the fastest-growing segment in the Aqua Feed Market. In addition, growth meals are frequently followed by finisher feeds. Adult fish and animals older than 20 weeks are typically fed finisher diets. It gives the animals the nutrients they need to meet their basic needs. It contains 21% high-energy protein to support life.

• Starter feed
• Grower feed
• Finisher feed
• Brooder feed

Author's Detail

Pratik Shirsath

Research Associate at Cognitive Market Research

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Pratik Shirsath is an accomplished Research Analyst with extensive expertise in the agriculture sector, bringing over one years of experience in market research and analysis. Pratik specializes in secondary research, competitive benchmarking, and data-driven insights that empower organizations to make strategic decisions and achieve their goals.

In his current role, Pratik leads research projects focused on the agriculture sector, driving initiatives that identify emerging market trends, assess competitive landscapes, and uncover growth opportunities. His proficiency in designing effective research methodologies and translating complex data into actionable strategies has consistently supported his organization’s objectives.

Pratik's dedication to delivering high-quality research and his in-depth knowledge of the agriculture industry have made him a trusted resource for his team and stakeholders. Passionate about innovation and sustainability in agriculture, he remains committed to advancing his expertise to navigate the evolving challenges and opportunities in the sector.

Author's Conclusion