Aqua Feed Market by Form (Dry, Moist, Wet), Additives, Feed, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Aqua Feed Market by Form (Dry, Moist, Wet), Additives, Feed, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Aqua Feed Market Size

The global aqua feed market size was valued at $66.50 billion in 2024 and is projected to reach $103.20 billion by 2030, growing at a CAGR of 7.6% during the forecast period.

Aqua Feed Market Overview

Aqua feed refers to manufactured food intended for aquatic animals to meet their dietary needs. It comprises various ingredients like plants, marine organisms, grains, and additives such as vegetable protein and fish oil. Modern aqua feed formulations are designed to offer balanced nutrition to specific fish species, supporting their healthy growth and efficient feed conversion. These feeds typically contain a mix of proteins, carbohydrates, fats, vitamins, and minerals tailored to meet the nutritional requirements of farmed fish at different life stages, aiding in their growth and reproduction.

Aqua Feed Market Dynamics

• The aqua feed market is expected to witness significant growth in the future due to the increasing global population, rise in aquaculture industry, and increase in fish and seafood consumption.
• Additionally, rising in nutritional awareness and increasing adoption of specialized aqua feed formulations are the prominent factors driving the growth of the market.
• However, rising cost of raw materials (fish meal & fish oil) and environmental concerns associated with aquaculture are restraining the market growth.
• On the contrary, growing demand for animal protein in developed countries and expansion of aquaculture operations in emerging markets are creating opportunities for market growth.

By Feed, Grower Feed segment is projected to be the Largest Segment in the Aqua Feed Market

The grower feed segment is expected to dominate the aqua feed market as the largest segment during the forecast period owing to increasing utilization of grower feed in animals aged between 6 to 20 weeks to meet their nutritional needs effectively. Grower feed is administered to animals until they reach the stage where they are ready for reproduction and egg-laying. Transitioning from starter to grower feed becomes imperative to avoid potential long-term health complications such as liver or kidney issues resulting from excessive protein intake. Moreover, finisher feeds also see widespread usage subsequent to grower feeds, typically for adult fish or animals aged over 20 weeks.

By Geography, Asia-Pacific Region Holds the Dominant Position in the Market Revenue

The Asia-Pacific maintains a leading position in terms of market revenue during the forecast period particularly in countries like India due to increasing meat consumption and the rising income levels of consumers. Moreover, there has been a noticeable shift towards fish and other seafood to meet dietary protein requirements. This increased awareness of the nutritional benefits of seafood has consequently driven up the demand for aqua feed products in India. Despite the prevalence of traditional feeding practices among farmers, such as using rice/wheat bran and groundnut cake, there is a gradual transition towards the adoption of commercial feed. While India remains competitive in terms of labor costs, it faces significant challenges in terms of feed and energy expenses, which affect its overall competitiveness in the aqua feed market.

Key Target Audience:

• Aquafeed Manufacturers
• Aquaculture Farmers
• Raw Material Suppliers
• Equipment Manufacturers

List of the Key Players Profiled in the Report Includes:

• Aker Biomarine
• Skretting
• Purina Animal Nutrition LLC
• Cargill, Inc.
• Dibaq Aquaculture
• BENEO
• Alltech
• BioMar Group
• Ridley Corp. Ltd.
• Aller Aqua
• Biostadt India Ltd.
• The Waterbase Ltd.

Recent Developments:

• In August 2023, Cargill announced that it is intensifying its commitment to fishery improvement programs and spearheading the integration of regenerative agriculture practices into the sourcing of raw materials for global aquaculture. The company noted its ongoing efforts to enhance the sustainability of marine ingredients in the past year. This included the purchase of certified fishmeal and oil as in previous years, coupled with heightened involvement in fishery improvement programs (FIPs) aimed at fostering more sustainable management and fishing practices.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Form:

• Dry
• Moist
• Wet

Market by, Additives:

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

Market by, Feed:

• Starter Feed
• Grower Feed
• Finisher Feed
• Brooder Feed

Market by, Application:

• Carp
• Rainbow Trout
• Salmon
• Crustaceans
• Tilapia
• Catfish
• Sea Bass
• Grouper
• Other Applications

Market by, Geography:

The aqua feed market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report “Global Aqua Feed Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.