The Market Reports

Synopsis
The global market for AquaFeed was estimated to be worth US$ 36290 million in 2024 and is forecast to a readjusted size of US$ 57150 million by 2031 with a CAGR of 6.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on AquaFeed cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
AquaFeed refers to specially formulated feed products designed for aquatic animals such as fish, shrimp, crabs, and other farmed marine or freshwater species. These feeds are developed to meet the nutritional needs of different species at various life stages, and typically contain a balanced mix of proteins, lipids, carbohydrates, vitamins, and minerals. AquaFeed is crucial in modern aquaculture as it directly influences the growth rate, feed conversion efficiency, health, and product quality of farmed aquatic animals. It comes in various forms such as pellets, crumbles, or extruded feeds, and is tailored for different feeding behaviors and aquatic environments.
The aquafeed market is experiencing strong growth driven by the rapid expansion of global aquaculture production, which has become a vital source of animal protein to meet rising food demand. With wild fish stocks under pressure, farmed seafood—such as shrimp, salmon, tilapia, and pangasius—has become increasingly important, pushing the need for efficient and nutritionally balanced feeds. Technological innovations in feed formulation, including the use of alternative protein sources like insect meal, plant-based ingredients, and fermented feedstocks, have improved feed conversion ratios and reduced dependency on fishmeal and fish oil. In addition, growing consumer demand for sustainable and traceable seafood has encouraged investment in eco-friendly and functional aquafeeds that support health, growth, and disease resistance in farmed species.
Despite strong demand, the aquafeed market faces several persistent challenges. Raw material price volatility, especially for key ingredients like fishmeal, soybean meal, and corn, creates cost pressure and impacts profit margins for feed manufacturers. Moreover, regulatory constraints regarding feed composition, antibiotic usage, and environmental impacts are becoming more stringent across major aquaculture-producing regions. Maintaining feed quality and nutritional precision while complying with local and international standards can increase complexity and cost. Additionally, disease outbreaks in aquaculture—such as early mortality syndrome (EMS) in shrimp or sea lice in salmon—can disrupt feed demand patterns and lead to production losses. These challenges highlight the need for innovation, cost optimization, and robust supply chain strategies in the aquafeed industry.
Global key players include Nutreco, Haid Group, Tongwei Group, BioMar, Cargill, CP Group, Evergreen Feed, New Hope Group, Grobest and Yuehai Feed, etc. Global top six players hold a share about 35 percent in 2024. In terms of application, the Fish Feed is the largest market, with a share over 55%.
This report aims to provide a comprehensive presentation of the global market for AquaFeed, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of AquaFeed by region & country, by Type, and by Application.
The AquaFeed market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding AquaFeed.
Market Segmentation
By Company
Nutreco
Haid Group
Tongwei Group
BioMar
Cargill
CP Group
Evergreen Feed
New Hope Group
Grobest
Yuehai Feed
Ridley
Alpha Feed
Dibaq Aquaculture
DBN
Uni-President Vietnam
Aller Aqua
GreenFeed
Proconco
Avanti Feeds
Gold Coin
Vitapro
Tianma Tech
Nutriad International
Japfa Ltd
Alltech
Segment by Type
Mash Feed
Pellet Feed
Extruded Feed
Other
Segment by Application
Fish Feed
Shrimp Feed
Crab Feed
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of AquaFeed manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of AquaFeed in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of AquaFeed in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index