Aqua Feed Supplement Market Report 2024 (Global Edition)

Global Aqua Feed Supplement Market Report 2024 Market Size Split by Form Outlook: (Dry, Moist, Wet), by Additives Type Outlook: (Amino Acids, Antibiotics, Vitamins & Minerals, Feed Acidifiers, Antioxi...

Aqua Feed Supplement Market Report Description

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Competitive Landscape of the Aqua Feed Supplement Market

The aqua feed supplement market is highly competitive, with key players focusing on R&D, strategic partnerships, and product diversification to gain a competitive edge. Companies like Cargill, Nutreco, and Skretting dominate through extensive global networks and cutting-edge formulations. Emerging players focus on innovative and sustainable feed additives like insect protein and probiotics. The market also witnesses increasing consolidation as companies acquire niche players to strengthen their portfolios and regional presence.

In December 2023, the Government of India unveiled the country's first vegan aquafeed, named Bio Guru 3F Pro: Bio-fermented Fish Feed, at the Global Bio-India 2023 event. This launch marks India's entry 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, the Aquaculture Stewardship Council (ASC) introduced a new Aquafeed standard aimed at addressing irresponsible and unsustainable practices within the industry. (Source: https://asc-aqua.org/news/ascs-new-feed-standard-will-tackle-one-of-biggest-threats-to-aquacultures-reputation/)

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

• Cargill
• Incorporated
• Archer Daniels Midland Company
• Nutreco N.V.
• Alltech
• Inc.
• BioMar Group
• Ridley Corporation Limited
• Skretting (a Nutreco company)
• Charoen Pokphand Foods Public Company Limited
• Beneo GmbH
• Avanti Feeds Limited
• Dibaq Aquaculture
• De Heus Animal Nutrition
• Aller Aqua Group
• Grobest Group
• Zeigler Bros.
• Inc.
• Confidential Data
• Access The Paid Version
• Data Hidden

*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 Supplement Market

Which Region Dominates the Aqua Feed Supplement Market in 2024?

According to Cognitive Market Research, North America dominated the aqua feed supplement market by revenue due to the widespread adoption of advanced aquaculture technologies and strong demand for premium seafood like salmon and trout. The region benefits from well-established regulatory frameworks that encourage high-quality feed production. Additionally, the growing preference for sustainable and organic feed supplements aligns with consumer trends toward healthier seafood options. Increased investment in research and development, alongside the presence of key market players, further strengthens North America's market position.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region due to the rapid expansion of aquaculture in countries like China, India, and Vietnam, which together account for a significant portion of global fish production. Rising population and dietary shifts toward protein-rich seafood drive demand for feed supplements. Government initiatives to modernize aquaculture practices and improve productivity contribute to this growth. Additionally, the availability of cost-effective raw materials and increased adoption of probiotics and vitamins in feed supplements enhance the region's market expansion.

The current report Scope analyzes Aqua Feed Supplement 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 Supplement

According to Cognitive Market Research, the global aqua feed supplement market size was estimated at USD 73514.5 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 29405.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• According to Cognitive Market Research, The United States aqua feed supplement market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 23,201.18 million in 2024. The United States market will grow due to advancements in aquaculture technology, sustainability practices, and rising consumer demand for high-quality, nutrient-rich seafood.
• The Canada aqua feed supplement market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 3,528.70 million in 2024. Canada's increasing investment in aquaculture innovation, focus on sustainable practices, and rising export demand for premium seafood drive aqua feed supplement sales. The Mexico aqua feed supplement market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 2,675.93 million in 2024.

Europe Aqua Feed Supplement

According to Cognitive Market Research, the global aqua feed supplement market size was estimated at USD 73514.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 22054.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.

• The United Kingdom aqua feed supplement market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 3,705.13 million in 2024. The UK's robust aquaculture policies, consumer preference for organic fish products, and focus on sustainable fish farming practices propel market growth.
• The France aqua feed supplement market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 2,029.00 million in 2024. The Germany aqua feed supplement market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 4,366.76 million in 2024. Germany's demand for traceable, eco-friendly seafood, government initiatives promoting aquaculture, and innovations in feed supplements contribute to sales growth in the region. The Italy aqua feed supplement market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 1,896.67 million in 2024. The Russia aqua feed supplement market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 3,418.42 million in 2024. The Spain aqua feed supplement market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 1,808.46 million in 2024. The Luxembourg aqua feed supplement market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 683.68 million in 2024. The Portugal aqua feed supplement market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 463.14 million in 2024. The Greece aqua feed supplement market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 264.65 million in 2024. The Rest of Europe aqua feed supplement market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 3,418.42 million in 2024.

Asia Pacific Aqua Feed Supplement

According to Cognitive Market Research, the global aqua feed supplement market size was estimated at USD 73514.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 16908.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• According to Cognitive Market Research, The China aqua feed supplement market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 7,608.75 million in 2024. China's dominance in global aquaculture production, coupled with investments in feed efficiency technologies and growing seafood exports, drives strong market expansion.
• The Japan aqua feed supplement market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 2,333.35 million in 2024. The India aqua feed supplement market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 2,029.00 million in 2024. India's burgeoning aquaculture sector, increasing focus on fortified fish nutrition, and rising seafood exports fuel the growing demand for aqua feed supplements. The South Korea aqua feed supplement market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 1,690.83 million in 2024. The Australia aqua feed supplement market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 879.23 million in 2024. The South East Asia aqua feed supplement market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 1,166.68 million in 2024. The Rest of Asia Pacific aqua feed supplement market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 1,200.49 million in 2024.

South America Aqua Feed Supplement

According to Cognitive Market Research, the global aqua feed supplement market size was estimated at USD 73514.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 3675.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.

• According to Cognitive Market Research, The Brazil aqua feed supplement market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 1,573.21 million in 2024. Brazil's focus on high-yield aquaculture practices, expanding shrimp farming, and rising adoption of fortified feed supplements boost the market significantly.
• The Argentina aqua feed supplement market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 617.52 million in 2024. Argentina benefits from growing shrimp exports, government support for aquaculture initiatives, and the increasing adoption of probiotics and prebiotics in feeds. The Colombia aqua feed supplement market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 327.14 million in 2024. The Peru aqua feed supplement market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 301.41 million in 2024. The Chile aqua feed supplement market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 264.65 million in 2024. The Rest of Latin America aqua feed supplement market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 591.79 million in 2024.

Middle East and Africa Aqua Feed Supplement

According to Cognitive Market Research, the global aqua feed supplement market size was estimated at USD 73514.5 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 1470.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• The GCC Countries aqua feed supplement market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 629.28 million in 2024. Rising aquaculture investments, a shift toward self-sustained fish farming, and growing consumer preference for premium fish drive GCC market growth.
• The Egypt aqua feed supplement market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 154.38 million in 2024. The South Africa aqua feed supplement market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 232.31 million in 2024. South Africa's increasing tilapia production, governmental aquaculture development programs, and the rising adoption of probiotics for sustainable farming elevate supplement demand. The Turkey aqua feed supplement market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 126.44 million in 2024. The Nigeria aqua feed supplement market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 154.38 million in 2024. The Rest of MEA aqua feed supplement market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 173.49 million in 2024.

Aqua Feed Supplement Market Analysis

Segment Analysis of Aqua Feed Supplement Market

Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Aqua Feed Supplement market.

of Aqua Feed Supplement analyzed in this report are as follows:

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 Supplement Industry. Request a Free Sample PDF!

Segment Analysis of Aqua Feed Supplement Market

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Aqua Feed Supplement from 2019 to 2031. This will also help to analyze the demand for Aqua Feed Supplement across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.

Some of the key of Aqua Feed Supplement are:

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

Aqua Feed Supplement Form Outlook: Segment Analysis

Aqua Feed Supplement Market Form Segment Analysis

According to Cognitive Market Research, the dry segment holds the largest share of the market due to its long shelf life, ease of storage, and transportability. Its versatility allows for precise nutrient formulation, catering to various aquatic species. Cost-effectiveness and minimal spoilage further make dry feed supplements an attractive option for large-scale aquaculture operations, driving their dominance in the market.

In the aqua feed supplement market, the wet has been expanding at a rapid pace due to its high palatability and digestibility, which enhance feed intake and growth rates in aquatic species. The preference for fresh, nutrient-rich formulations in high-value aquaculture practices, coupled with innovations in wet feed processing, supports its growing demand among premium seafood producers.

• Dry
• Moist
• Wet

Aqua Feed Supplement Additives Type Outlook: Segment Analysis

Aqua Feed Supplement Market Additives Type Segment Analysis

According to Cognitive Market Research, the vitamins & minerals segment holds the largest share of the market due to their essential role in ensuring optimal health, growth, and immunity of aquatic species. These additives help prevent deficiencies and diseases, making them indispensable in both small-scale and commercial aquaculture. Increased awareness of balanced nutrition in aquaculture feeds further boosts their widespread adoption.

In the aqua feed supplement market, the probiotics & prebiotics has been expanding at a rapid pace as these additives enhance gut health, improve nutrient absorption, and boost immunity in aquatic species. Rising demand for sustainable and antibiotic-free aquaculture solutions drives their adoption. Advances in microbial technology and increasing consumer preference for natural products further propel this segment's growth.

• Amino Acids
• Antibiotics
• Vitamins & Minerals
• Feed Acidifiers
• Antioxidants
• Enzymes
• Anti-parasitic
• Probiotics & Prebiotics
• Others

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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