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According to Publisher’s latest study, the global AquaFeed market size was valued at US$ 31160 million in 2023. With growing demand in downstream market, the AquaFeed is forecast to a readjusted size of US$ 50210 million by 2030 with a CAGR of 7.1% during review period.
Market Overview
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A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
The research report highlights the growth potential of the global AquaFeed market. AquaFeed are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of AquaFeed. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the AquaFeed market.
Aqua feed is special collocation food for aquatic animals considering essential nutrients and ingredients.
Key Features:
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Manmayi Raval
Research Consultant
Market Drivers: Growing Demand for Seafood: As a result of rising dietary choices and health consciousness, the world's seafood consumption is rising, which is also increasing demand for aquafeed.
Progress in Aquaculture Methods: The need for premium aquafeed is being driven by advancements in aquaculture methods, such as the application of cutting-edge farming techniques and sustainable practices.
Formulations for Nutritionally Balanced Feeds: The market is expanding as a result of the creation and acceptance of feed formulations that are nutritionally balanced and improve the health and growth of aquatic species.
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Sustainability Issues: The deployment of environmentally friendly and effective feed solutions is being encouraged by the growing emphasis on sustainability and the requirement to lessen aquaculture's negative environmental effects.
Policies and Assistance from the Government: The demand for aquafeed is being driven by government programs and policies that support the development of aquaculture and sustainable fish farming.
Growing Investments in Aquaculture: The production and demand for aquafeed are being stimulated by rising investments in aquaculture technology and infrastructure.
Challenges: High Production expenses: The high expenses of producing high-quality aquafeed, particularly those of additives and raw materials, may impede market expansion.
Environmental Impact: Sustainable growth is hampered by the environmental effects of aquafeed production and consumption, which include problems with waste management and water quality.
Regulatory Compliance: It can be difficult for producers to navigate the complicated regulatory environment for feed safety, quality, and environmental regulations.
Disruptions in the Supply Chain: Production and market expansion may be impacted by disruptions in the supply chain for completed goods and raw materials, which are made worse by international crises and geopolitical conflicts.
Dependency on Fish Meal and Oil: The predominant use of fish meal and fish oil in aquafeed might raise issues with sustainability and supply.
Market Forecasts and Future Outlook: The demand for seafood, improvements in aquaculture techniques, and the growing use of nutritionally balanced feed formulations are projected to propel the global aquafeed market's robust growth from 2024 to 2030. The market presents numerous opportunities for innovation, market expansion into emerging markets, and the development of sustainable and alternative feed ingredients. However, addressing issues like high production costs and environmental impact will be critical to the market's sustained growth.
Opportunities: Sustainable and Alternative Ingredients: By making investments in the creation of sustainable and alternative ingredients, such as insect meals and plant-based proteins, businesses may both satisfy regulatory requirements and draw in ecologically conscientious customers.
Growth into Emerging nations: There is a lot of room for expansion in emerging nations with burgeoning aquaculture industries and rising seafood demand.
Technological Innovations: Aquafeed can be made more effective and efficient by utilizing feed technology breakthroughs such automated systems and precision feeding.
Emphasis on Medicinal and Functional Feeds: Creating feeds that support aquatic species' health and immunity can improve customer satisfaction and market distinction.
Strategic Alliances: Establishing alliances with regulators, academic institutions, and aquaculture producers can increase market share and spur innovation.
Improved Aftermarket Services: Long-term market growth and customer happiness can be increased by providing full aftermarket services, such as technical support, training, and consulting.
Market Segmentation:
AquaFeed market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
1. Segmentation by type
• Mash Feed
• Pellet Feed
• Expanded Feed
• Other
2. Segmentation by application
• Fish Feed
• Shrimp Feed
• Crab Feed
• Other
Regional Insight: Asia-Pacific: Due to its high seafood consumption, substantial aquaculture investments, and the presence of large aquafeed producers, the Asia-Pacific area leads the industry. Vietnam, China, and India are important markets with significant room for expansion.
North America: The United States and Canada lead the way in North America, which follows closely. The adoption of premium aquafeed is fueled by the region's emphasis on cutting-edge feed formulations and sustainable aquaculture techniques.
Europe: This is a big market, with the UK, Norway, and Spain being the aquaculture production leaders. The region's emphasis on innovation, sustainability, and regulatory compliance is what's driving the market for environmentally friendly aquafeed.
Latin America: The region's market is expanding gradually due to rising investments in aquaculture infrastructure, rising urbanization, and economic development. The two largest markets are Chile and Brazil.
Middle East and Africa: Due to economic diversification, urbanization, and rising aquaculture project investments, the Middle East and Africa region offers growth prospects. Nigeria and Egypt are two noteworthy markets with enormous potential.
1. Americas
• United States
• Canada
• Mexico
• Brazil
2. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
3. Europe
• Germany
• France
• UK
• Italy
• Russia
4. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: 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 2019. In terms of application, the Fish Feed is the largest market, with a share over 55%.
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• 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
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global AquaFeed Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for AquaFeed by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for AquaFeed by Country/Region, 2019, 2023 & 2030
2.2 AquaFeed Segment by Type
2.2.1 Mash Feed
2.2.2 Pellet Feed
2.2.3 Expanded Feed
2.2.4 Other
2.3 AquaFeed Sales by Type
2.3.1 Global AquaFeed Sales Market Share by Type (2019-2024)
2.3.2 Global AquaFeed Revenue and Market Share by Type (2019-2024)
2.3.3 Global AquaFeed Sale Price by Type (2019-2024)
2.4 AquaFeed Segment by Application
2.4.1 Fish Feed
2.4.2 Shrimp Feed
2.4.3 Crab Feed
2.4.4 Other
2.5 AquaFeed Sales by Application
2.5.1 Global AquaFeed Sale Market Share by Application (2019-2024)
2.5.2 Global AquaFeed Revenue and Market Share by Application (2019-2024)
2.5.3 Global AquaFeed Sale Price by Application (2019-2024)
3 Global AquaFeed by Company
3.1 Global AquaFeed Breakdown Data by Company
3.1.1 Global AquaFeed Annual Sales by Company (2019-2024)
3.1.2 Global AquaFeed Sales Market Share by Company (2019-2024)
3.2 Global AquaFeed Annual Revenue by Company (2019-2024)
3.2.1 Global AquaFeed Revenue by Company (2019-2024)
3.2.2 Global AquaFeed Revenue Market Share by Company (2019-2024)
3.3 Global AquaFeed Sale Price by Company
3.4 Key Manufacturers AquaFeed Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers AquaFeed Product Location Distribution
3.4.2 Players AquaFeed Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for AquaFeed by Geographic Region
4.1 World Historic AquaFeed Market Size by Geographic Region (2019-2024)
4.1.1 Global AquaFeed Annual Sales by Geographic Region (2019-2024)
4.1.2 Global AquaFeed Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic AquaFeed Market Size by Country/Region (2019-2024)
4.2.1 Global AquaFeed Annual Sales by Country/Region (2019-2024)
4.2.2 Global AquaFeed Annual Revenue by Country/Region (2019-2024)
4.3 Americas AquaFeed Sales Growth
4.4 APAC AquaFeed Sales Growth
4.5 Europe AquaFeed Sales Growth
4.6 Middle East & Africa AquaFeed Sales Growth
5 Americas
5.1 Americas AquaFeed Sales by Country
5.1.1 Americas AquaFeed Sales by Country (2019-2024)
5.1.2 Americas AquaFeed Revenue by Country (2019-2024)
5.2 Americas AquaFeed Sales by Type
5.3 Americas AquaFeed Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC AquaFeed Sales by Region
6.1.1 APAC AquaFeed Sales by Region (2019-2024)
6.1.2 APAC AquaFeed Revenue by Region (2019-2024)
6.2 APAC AquaFeed Sales by Type
6.3 APAC AquaFeed Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe AquaFeed by Country
7.1.1 Europe AquaFeed Sales by Country (2019-2024)
7.1.2 Europe AquaFeed Revenue by Country (2019-2024)
7.2 Europe AquaFeed Sales by Type
7.3 Europe AquaFeed Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa AquaFeed by Country
8.1.1 Middle East & Africa AquaFeed Sales by Country (2019-2024)
8.1.2 Middle East & Africa AquaFeed Revenue by Country (2019-2024)
8.2 Middle East & Africa AquaFeed Sales by Type
8.3 Middle East & Africa AquaFeed Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of AquaFeed
10.3 Manufacturing Process Analysis of AquaFeed
10.4 Industry Chain Structure of AquaFeed
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 AquaFeed Distributors
11.3 AquaFeed Customer
12 World Forecast Review for AquaFeed by Geographic Region
12.1 Global AquaFeed Market Size Forecast by Region
12.1.1 Global AquaFeed Forecast by Region (2025-2030)
12.1.2 Global AquaFeed Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global AquaFeed Forecast by Type
12.7 Global AquaFeed Forecast by Application
13 Key Players Analysis
13.1 Nutreco
13.1.1 Nutreco Company Information
13.1.2 Nutreco AquaFeed Product Portfolios and Specifications
13.1.3 Nutreco AquaFeed Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Nutreco Main Business Overview
13.1.5 Nutreco Latest Developments
13.2 Haid Group
13.2.1 Haid Group Company Information
13.2.2 Haid Group AquaFeed Product Portfolios and Specifications
13.2.3 Haid Group AquaFeed Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Haid Group Main Business Overview
13.2.5 Haid Group Latest Developments
13.3 Tongwei Group
13.3.1 Tongwei Group Company Information
13.3.2 Tongwei Group AquaFeed Product Portfolios and Specifications
13.3.3 Tongwei Group AquaFeed Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Tongwei Group Main Business Overview
13.3.5 Tongwei Group Latest Developments
13.4 BioMar
13.4.1 BioMar Company Information
13.4.2 BioMar AquaFeed Product Portfolios and Specifications
13.4.3 BioMar AquaFeed Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 BioMar Main Business Overview
13.4.5 BioMar Latest Developments
13.5 Cargill
13.5.1 Cargill Company Information
13.5.2 Cargill AquaFeed Product Portfolios and Specifications
13.5.3 Cargill AquaFeed Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Cargill Main Business Overview
13.5.5 Cargill Latest Developments
13.6 CP Group
13.6.1 CP Group Company Information
13.6.2 CP Group AquaFeed Product Portfolios and Specifications
13.6.3 CP Group AquaFeed Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 CP Group Main Business Overview
13.6.5 CP Group Latest Developments
13.7 Evergreen Feed
13.7.1 Evergreen Feed Company Information
13.7.2 Evergreen Feed AquaFeed Product Portfolios and Specifications
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