Europe Aquafeed Market Outlook, 2030

The Europe aquafeed market has been experiencing notable growth, fueled by the rising demand for seafood, improvements in aquaculture techniques, and the increasing awareness of sustainable and nutritious feed options. Aquafeed is defined as specially designed food for aquatic species such as fish, shrimp, mollusks, and crustaceans, offering vital nutrients to aid in growth, immunity, and overall health. The escalating dependency on aquaculture to satisfy the increasing seafood demand has spurred innovations in aquafeed formulations, ensuring optimal nutrition while reducing environmental impacts. Europe, being one of the largest seafood consumers and a pioneer in sustainable aquaculture methods, is a major player in the global aquafeed market. A primary factor propelling the growth of the European aquafeed market is the heightened demand for seafood, attributed to its high nutritional content and increasing inclination towards healthy eating habits. Consumers are transitioning towards diets rich in protein and omega3 fatty acids, which has catalyzed the expansion of the aquaculture sector. With wild fish populations depleting due to overfishing, aquaculture has surfaced as a feasible alternative to secure a consistent seafood supply. Consequently, fish farmers are progressively investing in topquality aquafeed to boost productivity and enhance the nutritional quality of farmed seafood.

Europe aquafeed market was valued at $4,659.7 million in 2020 and will grow by 4.4% annually over 20202030. Technological advancements in aquafeed production have also been pivotal in the market’s growth. Contemporary aquafeed formulations utilize a blend of proteins, vitamins, minerals, lipids, and essential amino acids to improve the health and growth rates of aquatic species. Furthermore, the incorporation of probiotics, enzymes, and prebiotics in aquafeed has gained traction due to their advantages in enhancing digestion, nutrient utilization, and disease immunity among farmed fish and shrimp. Producers are also investigating plantbased and alternative protein sources, including algae, insect meal, and singlecell proteins, to decrease dependency on conventional fishmeal and fish oil, thereby supporting sustainable aquaculture. Sustainability and regulatory frameworks significantly affect the European aquafeed market. The European Union (EU) enforces strict regulations governing the composition and safety of aquafeed ingredients to ensure environmental sustainability and animal welfare. The EU’s emphasis on reducing the carbon footprint of aquaculture has prompted the adoption of ecofriendly and organic feed alternatives. Additionally, policies promoting sustainable fisheries and responsible sourcing of feed components have motivated feed manufacturers to seek innovative solutions like circular economy strategies, waste minimization, and utilizing certified sustainable raw materials.

The European aquafeed market is influenced by several key nations that have positioned themselves as significant contributors to aquaculture production and feed manufacturing. These nations encompass Norway, Scotland (UK), Spain, France, Italy, and Greece, each playing a vital role in the advancement and growth of the aquafeed sector. Norway stands out as the foremost producer of farmed salmon in Europe and a global frontrunner in sustainable aquaculture. The nation possesses a highly sophisticated aquafeed industry, emphasizing highperformance feeds that promote the growth, health, and nutritional integrity of salmon. Norwegian aquafeed producers lead in innovation by integrating alternative protein sources like algae and insect meal to lessen dependency on fishmeal and fish oil. Scotland, a constituent of the United Kingdom, serves as another significant center for salmon aquaculture. Scottish salmon enjoys a strong reputation in global markets, which bolsters the demand for premium aquafeed. The nation’s aquafeed sector concentrates on enhancing feed efficiency, minimizing environmental impact, and adhering to stringent EU and UK sustainability guidelines. Spain, France, and Italy rank among the top producers of Mediterranean aquaculture species, including sea bass, sea bream, and trout. These nations have robust aquafeed industries that address the specific dietary requirements of their cultivated fish species. Spain, in particular, boasts a vigorous aquaculture industry, with a rising demand for organic and sustainable feed alternatives. France is recognized for its cuttingedge aquaculture research, which fosters the development of creative feed formulations. Italy’s varied aquaculture industry, encompassing both freshwater and marine species, stimulates the need for superior feed solutions. Greece also plays a crucial role in European aquaculture, particularly in Mediterranean fish farming. The nation exports a considerable share of its aquaculture products, which increases the demand for nutritionally balanced and economically viable aquafeed. With growing investments in research and sustainable aquafeed production, these nations persist in influencing the European aquafeed market.

The European animal feed ingredients market is categorized by source, featuring major components such as Soybean, Fish Meal, Corn, Fish Oil, Additives, and Other Sources. Soybeanderived products lead the market, consisting of Soybean Meal, Soy Oil, and Soy Lecithin, noted for their high oil and protein content. Fish Meal and Fish Oil hold importance because of their nutritional benefits for aquaculture feed. Cornderived ingredients, including Corn Gluten Meal, Corn Gluten Feed, and Corn Oil, play a vital role in the feed market by supplying essential nutrients like oils and proteins. Additives, including vitamins, minerals, and antioxidants, are critical for improving the quality and nutritional content of animal feed. In addition, Other Sources involve a variety of materials utilized in compositions for animal feed. Revenue forecasts for these submarkets indicate consistent growth from 2019 through 2030, fueled by rising demand for proteinrich animal feed and environmentally sustainable aquaculture. The European animal feed ingredients market is additionally divided by ingredient, including Vitamins and Minerals, Amino Acids, Antioxidants, Enzymes, Prebiotics and Probiotics, Antibiotics, and Other Ingredients. Vitamins and Minerals are essential for the health and growth of livestock, making a substantial contribution to the overall market. Amino Acids are critical for stimulating muscle development in animals, resulting in increased demand in animal feed formulations. Antioxidants help mitigate oxidative stress in animals, thereby boosting their health and productivity. Enzymes are included to enhance feed digestibility, while Prebiotics and Probiotics support gut health and immune function in livestock. Antibiotics are used for disease prevention, though their application is becoming more regulated. Other Ingredients encompass a wide range of components introduced to optimize animal feed. These submarkets are projected to experience significant growth through 2019 to 2030 as producers of animal feed focus on nutrition and sustainability. The European animal feed market is classified based on product form into Pellet Feed, Extruded Feed, Powdered Feed, and Liquid Feed. Pellet Feed leads the market owing to its convenience in handling, storage, and transport while facilitating efficient feed intake for livestock. Extruded Feed is becoming increasingly favored, especially in the aquaculture sector, due to its improved digestibility and nutrient uptake. Powdered Feed is commonly utilized in livestock diets and is appreciated for its adaptability in ingredient mixing and application methods. Liquid Feed, although less prevalent, is preferred for its swift nutrient absorption characteristics and is particularly used in specialized feeds for young animals or specific growth stages. These product forms are anticipated to advance in line with the evolving dietary requirements of animals, advancements in feed processing technologies, and consumer inclinations towards effective and sustainable feed solutions. Expected annual revenues for each segment are forecasted to steadily increase from 2019 to 2030.

The European animal feed market is divided by species, which includes Fish Feed, Mollusk Feed, Crustacean Feed, and Other Aqua Feed. Fish Feed occupies the largest segment, featuring different subcategories like Carp Feed, Salmon Feed, Tilapia Feed, Trout Feed, Catfish Feed, and Other Fish Feed. These feeds are designed to meet the distinct nutritional needs of each fish species. Mollusk Feed, which includes Oyster Feed, Mussel Feed, and Other Mollusk Feed, is crucial for the expanding aquaculture industry. Crustacean Feed, encompassing Shrimp Feed, Crab Feed, Krill Feed, and Other Crustacean Feed, represents another significant segment, fueled by the increasing demand for crustaceans in European markets. Other Aqua Feed includes a wide array of speciesspecific feeds for less common aquatic species. As the aquaculture sector continues to grow, these submarkets are anticipated to see substantial growth through 2030, especially for highvalue species such as salmon and shrimp. The European animal feed market is categorized by lifecycle into Grower Feed, Finisher Feed, Starter Feed, and Brooder Feed. Grower Feed is meant for animals in the midstage of growth, offering crucial nutrients to aid their development. Finisher Feed is aimed at animals close to maturity, assisting in maximizing weight gain and preparing them for market readiness. Starter Feed is designed for young animals, like chicks or piglets, supplying the essential nutrients for healthy growth during their early phases. Brooder Feed is utilized for poultry in their initial weeks of life, encouraging rapid growth and robust immune systems. Each of these lifecycle feeds is vital in guaranteeing that animals receive proper nutrition at various stages of growth. The demand for specialized feed is projected to increase significantly from 2019 to 2030, driven by rising agricultural productivity and changing dietary requirements in livestock and aquaculture.



Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Europe Aquafeed Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

ased on Source, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Soybean
• Soybean Meal
• Soy Oil
• Soy Lecithin
• Fish Meal
• Corn
• Corn Gluten Meal
• Corn Gluten Feed
• Corn Oil
• Fish Oil
• Additives
• Other Sources

Based on Ingredient, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Vitamins & Minerals
• Amino Acids
• Antioxidants
• Enzymes
• Prebiotics & Probiotics
• Antibiotics
• Other Ingredients

Based on Product Form, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Pellet Feed
• Extruded Feed
• Powdered Feed
• Liquid Feed

Based on Species, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Fish Feed
• Carp Feed
• Salmon Feed
• Tilapia Feed
• Trout Feed
• Catfish Feed
• Other Fish Feed
• Mollusk Feed
• Oyster Feed
• Mussel Feed
• Other Mollusk Feed
• Crustacean Feed
• Shrimp Feed
• Crab Feed
• Krill Feed
• Other Crustacean Feed
• Other Aqua Feed

Based on Lifecycle, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Grower Feed
• Finisher Feed
• Starter Feed
• Brooder Feed
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.