Aquatic Feed Market Report 2025 (Global Edition)

Global Aquatic Feed Market Report 2025 Market Size Split by Ingredient (Soybean, Corn, Fishmeal, Fish Oil, Additives, Other), by Additives (Antibiotics, Vitamins & minerals, Antioxidants, Amino acids,...

Aquatic Feed Market Report Description

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Aquatic Feed Market Insights Video

Competitive Landscape of the Aquatic Feed Market

The number of sellers, geographic location, and product portfolio all have a significant impact on the level of competition in the global market. In order to create a variety of natural and organic aquafeed that can be utilized in the growing of different species, aquafeed producers are always involved in research and development. For instance, BioMar has created a variety of plant-based aquafeed solutions using canola and peas as sustainable raw materials. In an effort to reduce operating costs and provide feed with greater nutritional value, these feed manufacturers are expanding their product lines and engaging in a number of activities such as farming, raising chickens, feeding, and marketing.

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

• Cargill
• Inc.
• BioMar Group
• Ridley Corp. Ltd.
• Aller Aqua
• BENEO
• Alltech
• Aker Biomarine
• Charoen Pokphand Foods PCL
• Skretting
• Purina Animal Nutrition LLC
• Dibaq Aquaculture
• INVE Aquaculture
• Avanti Feeds Ltd.
• Biostadt India Ltd.
• The Waterbase Ltd.
• Confidential Data
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• 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 Aquatic Feed Market

Which Region Dominates the Aquatic Feed Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. Aquaculture is expanding because to growing customer desire for sustainable and healthful seafood options, which in turn is pushing up demand for premium aquatic feed. Furthermore, developments in feed formulation, such as the creation of ecologically friendly and nutritionally balanced diets, are fostering market expansion.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Aquatic Feed market. It is anticipated that the aquaculture feed market in Asia-Pacific would maintain its robust growth trajectory, propelled by the upsurge in aquaculture production and the rising demand for seafood. In order to fulfill the region's increasing demand, feed formulation innovation must continue, and sustainability must be prioritized. Moreover, tackling issues and seizing market possibilities would depend on increased cooperation between governmental bodies, business associations, and academic institutions.

 

The current report Scope analyzes Aquatic 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 Aquatic Feed Market

According to Cognitive Market Research, the global Aquatic Feed market size was estimated at USD 65142.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 26057.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Aquatic Feed market with a market size of USD 20558.97 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the nation's developed healthcare infrastructure.
• The Canada Aquatic Feed market had a market share of USD 3126.84 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's rising investment.
• The Mexico Aquatic Feed market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 2371.19 million in 2024.

Europe Aquatic Feed Market

According to Cognitive Market Research, the global Aquatic Feed market size was estimated at USD 65142.5 Million out of which Europe held the market more than 30% of the global revenue with a market size of USD 19542.75 million in 2024 and will grow at compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom's Aquatic Feed market had a market share of USD 3283.18 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Aquatic Feed sales witnessed an upswing due to the growing investment.
• The France Aquatic Feed market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 1797.93 million in 2024.
• According to Cognitive Market Research, the German Aquatic Feed market size was valued at USD 3869.46 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Aquatic Feed sales surged due to the growing advancements in technology.
• The Italy Aquatic Feed market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 1680.68 million in 2024.
• The Russia Aquatic Feed market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 3029.13 million in 2024.
• The Spain Aquatic Feed market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 1602.51 million in 2024
• The Luxembourg Aquatic Feed market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 605.83 million in 2024.
• The Portugal Aquatic Feed market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 410.40 million in 2024.
• The Greece Aquatic Feed market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 234.51 million in 2024.
• Rest of Europe's Aquatic Feed market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 3029.13 million in 2024.

Asia Pacific Aquatic Feed Market

According to Cognitive Market Research, the global Aquatic Feed market size was estimated at USD 65142.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 14982.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, China's Aquatic Feed market size was valued at USD 6742.25 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Aquatic Feed sales surged in China due to increasing investment.
• The Japan Aquatic Feed market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 2067.62 million in 2024.
• The India Aquatic Feed market had a market share of USD 1797.93 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's rising aquaculture sector.
• The South Korea Aquatic Feed market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 1498.28 million in 2024.
• The Australian Aquatic Feed market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 779.10 million in 2024.
• The South East Asia Aquatic Feed market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 1033.81 million in 2024.
• The Rest of the Asia Pacific Aquatic Feed market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 1063.78 million in 2024.

South America Aquatic Feed Market

According to Cognitive Market Research, the global Aquatic Feed market size was estimated at USD 65142.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 3257.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, Brazil's Aquatic Feed market size was valued at USD 1394.05 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Aquatic Feed sales flourish in Brazil due to rising demand for seafood.
• Argentina Aquatic Feed market had a market share of USD 547.20 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The growing investment drives the market growth in the nation.
• Colombia Aquatic Feed market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 289.88 million in 2024.
• Peru Aquatic Feed market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 267.08 million in 2024.
• Chile Aquatic Feed market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 234.51 million in 2024.
• The Rest of Latin America Aquatic Feed market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 524.40 million in 2024.

Middle East Aquatic Feed Market

According to Cognitive Market Research, the global Aquatic Feed market size was estimated at USD 65142.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1302.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Aquatic Feed market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 557.62 million in 2024. Aquatic Feed sales flourish due to the growing technological advancements.
• The Egypt Aquatic Feed market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 136.80 million in 2024.
• The South Africa Aquatic Feed market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 205.85 million in 2024. Aquatic Feed sales flourish in South Africa due to the rising investment.
• The Turkey Aquatic Feed market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 112.05 million in 2024.
• The Nigeria Aquatic Feed market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 136.80 million in 2024.
• The Rest of MEA Aquatic Feed market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 153.74 million in 2024.

Aquatic Feed Market Analysis

Aquatic Feed Market Ingredient Segment Analysis

According to Cognitive Market Research, Corn stands out as the dominating category. Because of its affordability and nutritional value, maize has been used more and more in aquatic feed. For aquatic organisms, corn and its byproducts—such as corn gluten meal and corn protein concentrate—are excellent sources of protein, carbs, and other minerals. The aquatic feed market is growing in revenue, and one factor contributing to this increase is the use of maize in formulations.

Soybean emerged as the fastest-growing category in the Aquatic Feed market. Fish and other aquatic creatures need certain amino acids for proper growth and development, and soybean meal is a great source of these amino acids. They also contain essential elements that support aquatic creatures' general health and wellbeing, such as fatty acids, vitamins, and minerals. Additionally, soybean meal is typically less expensive than fishmeal, which gives feed manufacturers and aquaculture operators an economical choice.

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 Aquatic Feed Industry. Request a Free Sample PDF!

Aquatic Feed Market Additives Segment Analysis

According to Cognitive Market Research, the dominating category is the Antibiotics. By lowering disease-related mortality, the efficient use of antibiotics contributes to the maintenance of high productivity levels in aquaculture operations. Averting disease outbreaks lowers financial losses and raises aquaculture companies' overall profitability. Adherence to antibiotic use rules also guarantees the production of safe and superior aquaculture products that command premium pricing on the market.

The fastest-growing category in the Aquatic Feed market is Vitamins & minerals. The health and productivity of aquaculture species depend on the inclusion of vitamins and minerals in aquatic feed formulations. By increasing feed efficiency, satisfying consumer demand for premium products, and promoting sustainable practices, it helps to increase revenue. To fully realize the benefits of vitamins and minerals in aquatic feed, industry participants must keep coming up with new ideas and tackling obstacles.

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

Aquatic Feed Species Segment Analysis

Species Segment Analysis

According to Cognitive Market Research, the dominating category is the Fish. A significant part of the larger aquaculture sector is the fish aquafeed market. Fish feed is essential to maintaining the wellbeing, development, and productivity of farmed fish since it is specially designed to satisfy the dietary needs of different fish species.

The fastest-growing category in the Aquatic Feed market is Crustaceans. The aquaculture business depends heavily on the market for crustaceans, such as shrimp, crabs, and lobsters, for aquatic feed. The increasing demand for crustaceans around the world, their dietary needs, and developments in feed formulation and technology are driving this industry.

• Fish
• Tilapia
• Salmon
• Carp
• Trout
• Others
• Crustaceans
• Crabs
• Krill
• Shrimp
• Others
• Others

Aquatic Feed Form Segment Analysis

Form Segment Analysis

According to Cognitive Market Research, the dominating category is the Dry. This is due to its capacity to improve the feed conversion ratio of fish. The segment is expected to increase at the highest rate and maintain its leadership position during the projection period since the dry form feed is extremely appetizing.

The fastest-growing category in the Aquatic Feed market is Wet. Wet feeds are also a popular type of aquafeed product. It contains moisture levels ranging from 45% to 70%. They are created with high moisture-content components such abattoir waste, undried fodder, and fishery waste. These wet feed items are manufactured on a regular basis in farm sheds and are mostly fed to carnivorous fish such as sea bream, sea bass, and eels, among others.

• Dry
• Moist
• Wet

Aquatic Feed Lifecycle Segment Analysis

Lifecycle Segment Analysis

According to Cognitive Market Research, the dominating category is the Grower feed. Its significant proportion is due to its increased use in animals between the ages of 6 and 20 weeks to meet their dietary requirements. This type of nutrition is provided to the animal until it is ready to reproduce and lay eggs. Switching from starter to growth feed is required because high protein levels might cause long-term liver or renal problems.

The fastest-growing category in the Aquatic Feed market is Finisher feed. Finisher feeds are commonly used following grower feeds. Finisher feeds are typically given to adult fish/animals older than 20 weeks. It supplies nutrients to suit the animals' basic needs. It contains 21% protein and is high in energy, which helps to sustain life. The feed provides a high level of energy, allowing typical activities to be done smoothly.

• 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