Aquafeed Market Size to Reach USD 109.2 Billion by 2033 growing at 6.5% CAGR

Aquafeed Market, valued at USD 62.3 Billion in 2024, is projected to surpass USD 109.2 Billion by 2033, indicating a robust CAGR of 6.5%

Aquafeed is a specialist feed designed for aquatic animals such as fish, shrimp, and crabs. It provides vital elements such proteins, lipids, vitamins, and minerals. Different formulas are tailored to individual species and growth stages. Aquafeed promotes growth, reproduction, and immunity in farmed aquatic animals. It is essential in aquaculture systems for effective and healthy stock production. Feeds are available in pellets, crumbles, and powders to accommodate diverse feeding habits.

Aquafeed improves aquaculture productivity and food security. It lowers reliance on wild fish stocks, hence contributing to the conservation of marine ecosystems. Quality aquafeed boosts fish health, growth rate, and market value. Rising seafood demand is expected to drive growth in the worldwide aquafeed industry. Innovation in sustainable components such as algae and insect protein is on the rise. Tech-driven feed formulations will enhance efficiency and reduce environmental impact.

Aquafeed Market Statistics

• The global aquafeed market is valued at USD 62.3 billion in 2024 and is anticipated to grow at a CAGR of over 6.5% from 2025 to 2033
• Asia-Pacific dominates the market, generating USD 28.04 billion in revenue in 2024
• The European aquafeed market is forecasted to grow at a CAGR of 7.3% during the 2025–2033 period
• The grower feed segment accounted for 35% of the total market share in 2024
• In terms of form, dry aquafeed held a 43% market share in 2024
• Soybean emerged as the leading ingredient, contributing 27% to the overall market share in 2024
• A discernible trend in the aquafeed market is increasing emphasis on sustainable and eco-friendly feed components

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Aquafeed Market Dynamics

Rising Global Demand for Seafood Due To Population Growth and Dietary Shifts Fuels the Aquafeed Market Value

Global demand for seafood is quickly increasing, driven by population expansion and a shift toward healthier, protein-rich diets. As more customers prefer fish over red meat, aquaculture has grown to accommodate this need. This spike in fish farming directly increases the demand for high-quality aquafeed to provide optimal growth and nutrition for aquatic animals. Innovations in feed formulations, such as sustainable and plant-based additives, are driving market expansion. Consequently, the aquafeed industry is witnessing significant value increase globally.

Innovation in Functional Feeds Enhancing Fish Health and Immunity Offer Significant Aquafeed Market Opportunity

Innovative functional feeds are revolutionizing the aquafeed industry by improving fish health, growth, and immunity. These feeds are fortified with probiotics, prebiotics, vitamins, and immune boosters to help prevent illness outbreaks and increase survival rates. As fish producers seek long-term strategies to reduce antibiotic use, functional feeds provide a natural alternative. This increase is consistent with growing regulatory and consumer demands for safer, healthier seafood. As a result, functional feeds represent a significant opportunity for expansion in the worldwide aquafeed market.

Aquafeed Market Segmentation

The global market for aquafeed has been segmented into feed, form, ingredient, species, and region.

• Feed is classified into starter feed, grower feed, finisher feed, and brooder feed
• Form are divided into dry, moist, and wet
• Ingredient are categorized into soybean, fishmeal, fish oil, corn, additives, and others
• Species are sub-segmented into carp, rainbow trout, salmon, tilapia, catfish, sea bass, grouper, crustaceans (shrimp, prawns, etc.), and others
• The aquafeed market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa

Aquafeed Market Regional Outlook

In terms of aquafeed market analysis, Asia-Pacific region dominates the worldwide market due to its extensive aquaculture industry. China, India, Vietnam, and Indonesia are major fish consumers and exporters. Aquaculture growth is fueled by government backing, a pleasant climate, and an abundance of water resources. Large-scale fish farming operations and growing urbanization drive up feed demand. Technological advancements and increased understanding of feed quality are strengthening this dominance.

Europe is emerging as a fast-growing region in the aquafeed sector, propelled by innovation and sustainability. Countries like Norway, Scotland, and Spain are making significant investments in salmon and trout farming. EU laws promote eco-friendly and traceable feed solutions, which encourages premium feed production. Rising consumer demand for organic and responsibly produced seafood is driving industry growth. The region also benefits from significant R&D, which leads to more modern feed formulas and higher efficiency.

Several worldwide corporations are transforming the aquafeed market through innovation and scale. Strategic collaborations and geographical expansions are popular growth tactics. Their influence promotes quality, traceability, and sustainability in the aquafeed value chain.

Aquafeed Market Players

Aquafeed companies profiled in the report include Dibaq Aquaculture, Aker Biomarine, Avanti Feeds Ltd., Charoen Pokphand Foods PCL, Alltech, Biostadt India Ltd., Skretting, Cargill, Inc., BioMar Group, Purina Animal Nutrition LLC, INVE Aquaculture, Ridley Corp. Ltd., The Waterbase Ltd, Aller Aqua, and BENEO.

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Aquafeed Market Key Insights

Mr. Richard Johnson

Acumen Research and Consulting

India: +91 8983225533

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