Asia-Pacific Aqua Feed Market Outlook, 2031

2026

Asia-Pacific Aqua Feed Market Outlook, 2031

The Asia Pacific Aquafeed Market is segmented into By Species (Fish, Crustaceans, Other), By Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, Other Ingredients), By Form (Dry, Wet, Moist), and By Feed Stage (Starter Feed, Brooder Feed, Grower Feed, Finisher Feed).

Bonafide Research
26-05-2026
Pages : 108
Figures : 8
Tables : 32
Region : Asia-Pacific
Category : Food & Beverages
Agriculture

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The Asia-Pacific Aqua Feed market is expected to reach a market size of USD 66.04 Billion by 2031.

Historical Period2020-2024
Base Year2025
Forecast Period2026-2031
Market Size (2031) USD 66.04 Billion
Largest Market China
Fastest Market Australia
Format

Featured Companies

1. Cargill Incorporation
2. Guangdong Haid Group Co., Limited
3. Archer-Daniels-Midland Company
4. Nutreco N.V (SHV Holdings)
5. Avanti Feeds Ltd.
6. Growel Feeds Pvt. Ltd.
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Aquafeed Market Analysis

The aqua feed market in Asia-Pacific has advanced significantly with the region's position as the center of global aquaculture production, the expansion of intensive shrimp farming across Southeast Asia and India, the growth of freshwater fish farming (carps, tilapia, catfish) in China, India, Indonesia, Vietnam, and Bangladesh, and the increasing adoption of commercial formulated feeds replacing farm-made and traditional feeds. Initially, aquaculture in Asia-Pacific relied on farm-made feeds, agricultural by-products, and on-farm mixing, resulting in inconsistent quality and variable growth performance. However, as aquaculture has intensified and consumer expectations for product quality and food safety have risen, aqua feed has now evolved into scientifically formulated, species-specific compound feeds from major regional and multinational manufacturers with extensive production networks. The main purpose and domain of this market involve providing optimal nutrition for farmed species including carps (grass carp, silver carp, common carp, bighead carp), tilapia, pangasius, shrimp (black tiger and whiteleg), and marine finfish across various production systems including pond culture, cage culture, and intensive tank systems. From a technical viewpoint, aqua feed solutions comprise feed formulation software, ingredient sourcing and quality control systems, extrusion and pelleting equipment, coating and drying systems, and packaging solutions. These solutions are commonly utilized by commercial feed mills, integrated aquaculture companies, smallholder farmers purchasing from local dealers, and contract feed manufacturers across the region. Their success is based on precise nutrient specification, consistent physical feed quality, water stability, palatability, digestibility, and cost-effective utilization of locally available ingredients. According to the research report "Asia-Pacific Aqua Feed Market Outlook, 2031," published by Bonafide Research, the Asia-Pacific Aqua Feed market is expected to reach a market size of USD 66.04 Billion by 2031. This expansion is driven by the region's dominance in global aquaculture production (over 90% of world volume), rising per capita seafood consumption across China, India, and Southeast Asia, intensification of shrimp and fish farming operations, increasing adoption of commercial formulated feeds by smallholder farmers, and growing feed demand from emerging species including marine finfish and high-value crustaceans. Recent trends in the market reveal a rise in demand for floating feeds for carps and tilapia to improve feed conversion and water quality, increased adoption of functional feeds with probiotics and immunostimulants for disease prevention in shrimp, greater specification of low fishmeal feeds using soybean meal and other plant proteins, and integration of digital feed management with farm advisory services. Businesses across China, India, Indonesia, Vietnam, Thailand, Bangladesh, the Philippines, Malaysia, and other Asian countries are progressively incorporating precision feeding solutions. Leading companies in the market, including Charoen Pokphand Foods (Thailand), Grobest (Taiwan), Uni-President (Taiwan), Avanti Feeds (India), Japfa Comfeed (Indonesia), and Tongwei (China), are at the forefront of progress by providing fully integrated aqua feed solutions, species-specific formulations, and digital feeding technologies.

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Market Dynamic

Market Drivers Asia-Pacific's Position as Global Aquaculture Production Center: The region accounts for over 90% of world aquaculture volume, with China alone producing more farmed seafood than the rest of the world combined. This massive production base creates enormous demand for commercial formulated feeds across all species and production systems. Intensification of Shrimp and Fish Farming Operations: Farmers across Asia-Pacific are shifting from extensive to intensive and super-intensive production systems to increase output per unit area. These systems require nutritionally complete, high-performance feeds with superior water stability and precise nutrient profiles, driving commercial feed adoption. Market Challenges Disease Outbreaks Particularly in Shrimp Farming: Shrimp farming across Asia-Pacific faces recurring disease outbreaks including Early Mortality Syndrome (EMS), White Spot Syndrome Virus (WSSV), and other pathogens. Functional feeds and feed-based health management strategies are critical, but disease challenges continue to constrain production growth. Price Volatility of Key Feed Ingredients: Fishmeal and soybean meal prices are subject to global market conditions, weather events, and trade policies. Feed cost represents 50-70% of aquaculture production costs for most Asian farmers, making ingredient price volatility a major business challenge for both feed manufacturers and farmers. Market Trends Transition from Farm-Made to Commercial Formulated Feeds: Smallholder farmers across China, India, Indonesia, and Bangladesh are transitioning from farm-made feeds and agricultural by-products to commercial floating feeds. This transition improves feed conversion ratios, growth rates, and water quality, while expanding the addressable market for feed manufacturers. Functional Feeds for Disease Prevention in Shrimp: Disease outbreaks are a major constraint on shrimp production across Asia-Pacific. Functional feeds incorporating probiotics, prebiotics, immunostimulants, and organic acids are being adopted to enhance disease resistance and reduce the need for chemical treatments in shrimp ponds.

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Aquafeed Segmentation

By Species	Fish
	Crustaceans
	Other
By Ingredient	Soybean
	Fish Meal
	Corn
	Fish Oil
	Additives
	Other Ingredients
By Form	Dry
	Wet
	Moist
By Feed Stage	Grower Feed
	Finisher Feed
	Starter Feed
	Brooder Feed
Asia-Pacific	China
	Japan
	India
	Australia
	South Korea

Fish is the largest species category in the Asia-Pacific aqua feed market, encompassing feed for carps (grass carp, silver carp, common carp, bighead carp), tilapia, pangasius (tra and basa), catfish, and marine finfish that dominate aquaculture production volumes across China, India, Indonesia, Vietnam, Bangladesh, and other Asian countries. The fish segment dominates the Asia-Pacific aqua feed market because carps represent the largest volume of aquaculture production worldwide, with China, India, Indonesia, Bangladesh, and Vietnam producing millions of metric tons annually using floating and sinking feeds depending on production system and farmer preference. Carp farming across Asia-Pacific relies heavily on commercial formulated feeds, as traditional farming with agricultural by-products cannot support the intensive production needed to meet regional demand for affordable protein. Grass carp, silver carp, common carp, and bighead carp are cultivated in polyculture systems across millions of hectares of ponds, where floating feeds allow farmers to observe feeding activity and adjust rations to minimize waste and optimize growth rates. Tilapia farming in China, Indonesia, Thailand, Vietnam, and the Philippines has expanded rapidly, driving demand for cost-effective floating feeds that optimize growth rates while minimizing feed conversion ratios, with tilapia now farmed in cages, ponds, and recirculating systems across the region. Pangasius production in Vietnam's Mekong Delta requires high-protein floating feeds that produce firm, white fillets for export to Europe, the United States, and other markets, with Vietnamese pangasius farmers achieving some of the highest production intensities in freshwater aquaculture globally. The fish segment benefits from continuous research at regional institutions including the WorldFish Center in Malaysia and national fisheries agencies across Asia, which conduct feeding trials to determine optimal protein levels, ingredient combinations, and feeding strategies for each species under local conditions. Soybean-based ingredients are the largest ingredient category in the Asia-Pacific aqua feed market because soy is the most widely available plant protein source imported through major ports across the region, enabling cost-effective substitution of fishmeal in feeds for carps, tilapia, pangasius, and shrimp. Soybean-based ingredients including soybean meal, full-fat soybean, soy protein concentrate, and fermented soybean products dominate Asia-Pacific aqua feeds because they provide an excellent amino acid profile for most farmed species when supplemented with methionine and lysine, which are typically added to balance deficiencies that limit growth and feed efficiency. Soybean meal is imported from Brazil, the United States, and Argentina, with China, Vietnam, Indonesia, Thailand, and India as major importers, and these supply chains have developed sophisticated logistics networks to deliver consistent quality product to feed mills across the region. Soy protein concentrate offers higher protein content (typically 65-70% compared to 44-48% for conventional soybean meal) and reduced anti-nutritional factors including trypsin inhibitors, lectins, and oligosaccharides that can affect gut health and nutrient absorption in sensitive species, making it particularly suitable for shrimp feeds where palatability and digestibility are critical for achieving optimal growth rates. Fermented soybean products have shown promise in shrimp feeds, improving nutrient availability through partial protein hydrolysis and reducing anti-nutritional factors through microbial fermentation processes that break down compounds that would otherwise limit feed intake and growth performance. The relative price stability of soybean-based ingredients compared to fishmeal, which fluctuates significantly based on wild fish harvest levels, international demand from other feed sectors, and marine ecosystem conditions, has encouraged feed manufacturers across Asia-Pacific to maximize soybean inclusion rates in their least-cost formulations. Dry feed is both the largest and fastest-growing form segment in the Asia-Pacific aqua feed market because commercial floating feeds are rapidly replacing farm-made feeds across the region, and extrusion technology enables production of water-stable pellets that reduce feed waste and improve water quality in ponds. Dry feed dominates the Asia-Pacific aqua feed market and is simultaneously growing the fastest because extruded floating feeds have become standard for carps, tilapia, and pangasius production, improving feed conversion and water quality management compared to traditional farm-made feeds that often disintegrate rapidly upon contact with water. Extrusion technology cooks and gelatinizes starches under high temperature and pressure, improving pellet binding and water stability while also destroying anti-nutritional factors present in some plant ingredients, resulting in pellets that can remain intact in pond water for hours rather than minutes. The high-temperature, high-pressure extrusion process improves the digestibility of proteins and starches for all major farmed species, meaning that fish extract more nutrition from each kilogram of feed, reducing the volume required for growth and lowering production costs for farmers. Floating feeds enable farmers to observe feeding activity and adjust rates based on visible consumption, reducing waste and improving profitability for smallholder farmers operating under extension service guidance that emphasizes efficient feeding practices. Slow-sinking pellets are preferred for shrimp and bottom-feeding fish such as catfish and certain carp species in larger commercial operations, with controlled sinking rates ensuring that pellets reach target species before dissolving or being consumed by non-target organisms. Shelf life of dry feeds (typically 3-6 months under proper storage conditions) supports distribution to remote farming areas across the region from the Mekong Delta to the Ganges River Basin without requiring cold chain logistics or specialized transportation infrastructure. Dry feeds are more economical to transport and store than moist feeds, which contain 20-40% water, making them impractical for large-scale commercial aquaculture operations that require consistent feed quality delivered over long distances. Grower feed is the largest feed stage segment in the Asia-Pacific aqua feed market because the grow-out phase from juvenile to market size accounts for 70-85% of total feed volume across all species, with carps, tilapia, and pangasius representing the largest volume sectors where grower feed dominates consumption. The grower feed segment holds the largest share of the Asia-Pacific aqua feed market because the grow-out phase for carps in China and India represents the majority of feed volume across Asia-Pacific aquaculture, with production cycles lasting 12-18 months during which fish consume increasing quantities of feed as they approach harvest size. Feed conversion ratio during the grow-out phase directly determines the economic performance of the entire production cycle, as feed costs represent 50-70% of variable production costs for most Asian aquaculture operations, making optimization of grower feed formulations critical for farm profitability. Grower feeds for fish are formulated for cost-effective growth and efficient feed conversion, with protein levels typically ranging from 25-35% depending on species and production system intensity, and formulations are carefully adjusted by species, water temperature, stocking density, and market requirements for product quality parameters. Feed mills across China and India produce grower feed in the largest volumes, enabling economies of scale in ingredient procurement, manufacturing, and distribution that reduce per-unit costs for smallholder farmers who operate on thin margins. The duration of the grow-out phase varies significantly across species: tilapia reaches market size in 6-9 months, pangasius in 10-12 months, carps in 12-18 months, and shrimp in 3-5 months, but across all species the grower feed volume exceeds starter and finisher feeds combined by a substantial margin. Pellet size increases during the grow-out phase as fish or shrimp grow, requiring feed mills to produce multiple pellet diameters for the same species across the production cycle, with grower feed generally using the largest pellets of any production stage, which are manufactured at higher throughput rates.

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Aquafeed Market Regional Insights

China dominates the Asia-Pacific aqua feed market due to its position as the world's largest aquaculture producer, with over 60 million metric tons of farmed seafood annually, including massive production of carps, tilapia, catfish, and other species requiring millions of metric tons of commercial feed each year. China holds the top position in the Asia-Pacific aqua feed market because Chinese aquaculture production exceeds the combined total of all other countries, with carps (grass carp, silver carp, common carp, bighead carp, crucian carp, and mud carp) representing the largest volume sector, requiring massive quantities of floating and sinking feeds depending on production system and regional preferences. The country's feed manufacturing industry includes domestic giants including Tongwei, Haid, New Hope, and Yuehai, along with international players such as Cargill, Skretting, and Grobest, all operating large-scale production facilities across major aquaculture provinces including Guangdong, Hubei, Jiangsu, Sichuan, and Hunan. China has developed advanced feed technologies including floating feed extrusion for carps and tilapia, functional feeds for disease management, and low fishmeal formulations that reduce dependence on imported marine ingredients while maintaining growth performance for high-value species. The Chinese government's supportive policies for aquaculture modernization under the 14th Five-Year Plan, including feed quality standards, technical extension services, and subsidies for floating feed adoption, have accelerated the shift from farm-made feeds to commercial formulated feeds across millions of smallholder farms. Chinese feed manufacturers have invested significantly in research and development, with corporate research centers conducting species-specific nutrition studies, ingredient evaluation trials, and feed processing optimization that have advanced the technical capabilities of the entire industry.

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Companies Mentioned

Cargill Incorporation
Guangdong Haid Group Co., Limited
Archer-Daniels-Midland Company
Nutreco N.V (SHV Holdings)
Avanti Feeds Ltd.
Growel Feeds Pvt. Ltd.
The Scoular Company
Oman Fisheries Co SAOG
The AZEK Company
Metsä Group
Rayonier Advanced Materials
Glory Global Solutions (International) Limited

1. Executive Summary
2. Market Dynamics
2.1. Market Drivers & Opportunities
2.2. Market Restraints & Challenges
2.3. Market Trends
2.4. Supply chain Analysis
2.5. Policy & Regulatory Framework
2.6. Industry Experts Views
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Market Structure
4.1. Market ConsBrooder Feedrate
4.2. Assumptions
4.3. Limitations
4.4. Abbreviations
4.5. Sources
4.6. Definitions
5. Economic /Demographic Snapshot
6. Asia-Pacific Aqua Feed Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By Species
6.4. Market Size and Forecast, By Fish
6.5. Market Size and Forecast, By Crustaceans
6.6. Market Size and Forecast, By Ingredient
6.7. Market Size and Forecast, By Form
6.8. Market Size and Forecast, By Feed Stage
6.9. China Aqua Feed Market Outlook
6.9.1. Market Size by Value
6.9.2. Market Size and Forecast By Species
6.9.3. Market Size and Forecast By Ingredient
6.9.4. Market Size and Forecast By Form
6.9.5. Market Size and Forecast By Feed Stage
6.10. Japan Aqua Feed Market Outlook
6.10.1. Market Size by Value
6.10.2. Market Size and Forecast By Species
6.10.3. Market Size and Forecast By Ingredient
6.10.4. Market Size and Forecast By Form
6.10.5. Market Size and Forecast By Feed Stage
6.11. India Aqua Feed Market Outlook
6.11.1. Market Size by Value
6.11.2. Market Size and Forecast By Species
6.11.3. Market Size and Forecast By Ingredient
6.11.4. Market Size and Forecast By Form
6.11.5. Market Size and Forecast By Feed Stage
6.12. Australia Aqua Feed Market Outlook
6.12.1. Market Size by Value
6.12.2. Market Size and Forecast By Species
6.12.3. Market Size and Forecast By Ingredient
6.12.4. Market Size and Forecast By Form
6.12.5. Market Size and Forecast By Feed Stage
6.13. South Korea Aqua Feed Market Outlook
6.13.1. Market Size by Value
6.13.2. Market Size and Forecast By Species
6.13.3. Market Size and Forecast By Ingredient
6.13.4. Market Size and Forecast By Form
6.13.5. Market Size and Forecast By Feed Stage
7. Competitive Landscape
7.1. Competitive Dashboard
7.2. Business Strategies Adopted by Key Players
7.3. Key Players Market Share Insights and Analysis, 2025
7.4. Key Players Market Positioning Matrix
7.5. Porter's Five Forces
7.6. Company Profile
7.6.1. Cargill, Incorporated
7.6.1.1. Company Snapshot
7.6.1.2. Company Overview
7.6.1.3. Financial Highlights
7.6.1.4. Geographic Insights
7.6.1.5. Business Segment & Performance
7.6.1.6. Product Portfolio
7.6.1.7. Key Executives
7.6.1.8. Strategic Moves & Developments
7.6.2. Nutreco N.V.
7.6.3. BioMar Group A/S
7.6.4. Archer-Daniels-Midland Company
7.6.5. Charoen Pokphand Foods PCL
7.6.6. Ridley Corporation Limited
7.6.7. INVE Aquaculture
7.6.8. The Scoular Company
7.6.9. Aller Aqua A/S
7.6.10. Avanti Feeds Limited
7.6.11. Guangdong HAID Group Co., Ltd.
7.6.12. Growel Feeds Pvt. Ltd.
8. Strategic Recommendations
9. Annexure
9.1. FAQ`s
9.2. Notes
10. Disclaimer

Table 1: Influencing Factors for Aqua Feed Market, 2025
Table 2: Top 10 Counties Economic Snapshot 2024
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Asia-Pacific Aqua Feed Market Size and Forecast, By Species (2020 to 2031F) (In USD Billion)
Table 6: Asia - Pacific Aqua Feed Market Size and Forecast, By Fish (2020 to 2031F) (In USD Billion)
Table 7: Asia - Pacific Aqua Feed Market Size and Forecast, By Crustaceans (2020 to 2031F) (In USD Billion)
Table 8: Asia-Pacific Aqua Feed Market Size and Forecast, By Ingredient (2020 to 2031F) (In USD Billion)
Table 9: Asia-Pacific Aqua Feed Market Size and Forecast, By Form (2020 to 2031F) (In USD Billion)
Table 10: Asia-Pacific Aqua Feed Market Size and Forecast, By Feed Stage (2020 to 2031F) (In USD Billion)
Table 11: China Aqua Feed Market Size and Forecast By Species (2020 to 2031F) (In USD Billion)
Table 12: China Aqua Feed Market Size and Forecast By Ingredient (2020 to 2031F) (In USD Billion)
Table 13: China Aqua Feed Market Size and Forecast By Form (2020 to 2031F) (In USD Billion)
Table 14: China Aqua Feed Market Size and Forecast By Feed Stage (2020 to 2031F) (In USD Billion)
Table 15: Japan Aqua Feed Market Size and Forecast By Species (2020 to 2031F) (In USD Billion)
Table 16: Japan Aqua Feed Market Size and Forecast By Ingredient (2020 to 2031F) (In USD Billion)
Table 17: Japan Aqua Feed Market Size and Forecast By Form (2020 to 2031F) (In USD Billion)
Table 18: Japan Aqua Feed Market Size and Forecast By Feed Stage (2020 to 2031F) (In USD Billion)
Table 19: India Aqua Feed Market Size and Forecast By Species (2020 to 2031F) (In USD Billion)
Table 20: India Aqua Feed Market Size and Forecast By Ingredient (2020 to 2031F) (In USD Billion)
Table 21: India Aqua Feed Market Size and Forecast By Form (2020 to 2031F) (In USD Billion)
Table 22: India Aqua Feed Market Size and Forecast By Feed Stage (2020 to 2031F) (In USD Billion)
Table 23: Australia Aqua Feed Market Size and Forecast By Species (2020 to 2031F) (In USD Billion)
Table 24: Australia Aqua Feed Market Size and Forecast By Ingredient (2020 to 2031F) (In USD Billion)
Table 25: Australia Aqua Feed Market Size and Forecast By Form (2020 to 2031F) (In USD Billion)
Table 26: Australia Aqua Feed Market Size and Forecast By Feed Stage (2020 to 2031F) (In USD Billion)
Table 27: South Korea Aqua Feed Market Size and Forecast By Species (2020 to 2031F) (In USD Billion)
Table 28: South Korea Aqua Feed Market Size and Forecast By Ingredient (2020 to 2031F) (In USD Billion)
Table 29: South Korea Aqua Feed Market Size and Forecast By Form (2020 to 2031F) (In USD Billion)
Table 30: South Korea Aqua Feed Market Size and Forecast By Feed Stage (2020 to 2031F) (In USD Billion)
Table 31: Competitive Dashboard of top 5 players, 2025
Table 32: Key Players Market Share Insights and Analysis for Aqua Feed Market 2025

Figure 1: Asia-Pacific Aqua Feed Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 2: Asia-Pacific Aqua Feed Market Share By Country (2025)
Figure 3: China Aqua Feed Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 4: Japan Aqua Feed Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 5: India Aqua Feed Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 6: Australia Aqua Feed Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 7: South Korea Aqua Feed Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 8: Porter's Five Forces of Global Aqua Feed Market

Aquafeed Market Research FAQs

China produces over 60 million metric tons of farmed seafood annually, including massive production of carps, tilapia, and catfish requiring millions of metric tons of commercial feed. The country has advanced feed manufacturing capabilities with domestic giants including Tongwei, Haid, and New Hope.

Smallholder farmers across China, India, Indonesia, and Bangladesh are adopting commercial floating feeds because they improve feed conversion ratios, growth rates, and water quality compared to farm-made feeds. Extension services and microfinance have accelerated this transition.

Shrimp farming across Asia faces recurring disease outbreaks including Early Mortality Syndrome (EMS) and White Spot Syndrome Virus (WSSV). Functional feeds incorporating probiotics, prebiotics, and immunostimulants enhance disease resistance and reduce the need for chemical treatments.

Soybean meal imported from Brazil, the United States, and Argentina is the primary plant protein source across the region. Local ingredients including rice bran, corn gluten meal, and cassava are also incorporated depending on availability.

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