According to a report by Mordor Intelligence, the global aquafeed market size is estimated at USD 57.2 billion in 2025 and is projected to grow to USD 73.7 billion by 2030, registering a compound annual growth rate (CAGR) of 5.2% during the forecast period. The rising importance of aquaculture as a key protein source for over three billion people globally is driving the growth of the aquafeed industry. As aquaculture now accounts for 46% of the total global fish output, demand for sustainable and efficient aquafeed solutions continues to increase. The shift is further accelerated by supply constraints in fish meal, innovations in protein alternatives like insect and algal-based inputs, and the emergence of AI-enabled feeding systems.
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Key Aquafeed Market Trends
- Rising seafood consumption: Asia-Pacific and emerging markets continue to expand seafood consumption, particularly in China, which is expected to generate 40% of additional global demand by 2030.
- Export-driven aquaculture: Countries like Ecuador and Saudi Arabia are expanding shrimp and fish farming with a focus on export markets, raising demand for functional and shelf-stable feeds.
- Feed technology innovation: Precision nutrition systems, microencapsulation, and advanced extrusion methods are helping reduce feed conversion ratios and improve feed quality.
- Functional feed growth: EU regulations against antibiotics have fueled the adoption of probiotics, prebiotics, and organic minerals as safe alternatives.
Aquafeed Market Segmentation
By Species:
- Carp held the largest share at 23% in 2024, supported by extensive usage in Asian aquaculture.
- Shrimp feed is growing fastest, at an 8.6% CAGR, driven by export markets such as Ecuador and India.
- Other significant segments include salmon, tilapia, and catfish.
By Ingredient:
- Fish meal and fish oil dominated with a 37% share in 2024, though supply challenges persist.
- Novel proteins like insect and microbial sources are expanding rapidly at a 14.6% CAGR.
- Cereals, grains, oilseeds, and additives such as emulsifiers and antioxidants are widely used for formulation and stability.
By Additive Type:
- Amino acids led the market with a 28% share in 2024, essential for low-fish-meal diets.
- Probiotics are the fastest-growing category at a 12.9% CAGR, with proven applications in shrimp and grouper health.
- Enzymes, vitamins, and trace minerals also play key roles in improving digestibility and resilience.
By Form:
- Pellets made up 65% of the aquafeed market in 2024, with both floating and sinking varieties used depending on species.
- Extruded feed is growing at 9.6% CAGR, offering improved water stability and nutrient delivery.
By Life-Cycle Stage:
- Grower feeds accounted for 41% of the market in 2024, covering the longest growth phase in aquaculture.
- Starter feeds are growing at 9.3% CAGR, as improved early nutrition helps reduce disease vulnerability.
By Geography:
- Asia-Pacific led with 45% of the aquafeed market share in 2024 and is projected to maintain a strong 7.4% CAGR, supported by China's 58.1 million metric tons of fish production.
- North America is focused on land-based recirculating aquaculture systems, favoring sustainable, high-protein formulations.
- Europe emphasizes traceability, compliance, and organic-certified feeds in response to strict antimicrobial and environmental regulations.
Aquafeed Market Key Drivers and Restraints
Aquafeed Market Growth Drivers:
- Surging seafood demand, especially from middle-income countries.
- Expansion of export-focused aquaculture production.
- Adoption of advanced formulation technologies and functional feed ingredients.
Aquafeed Market Restraints:
- Volatility in fish meal and fish oil prices, impacted by climate and fishing quotas.
- Regulatory restrictions on antibiotic use, increasing reformulation and compliance costs.
- Popularity of plant-based and alt-protein diets reducing fish consumption in some regions.
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Aquafeed MarketCompetitive Landscape
The aquafeed market is moderately consolidated, with key players focusing on vertical integration and product innovation:
- Cargill, Incorporated
- Nutreco NV
- BioMar Group
- Charoen Pokphand Foods PCL.
- Tongwei Co., Ltd.
Specialized players like Calysta and InnovaFeed are scaling up microbial and insect protein production to replace fish meal. Additionally, technological firms are embedding AI-based feed analytics into contracts, boosting efficiency and customer retention.
Patent activity in microencapsulation, probiotics, and extrusion equipment continues to grow, highlighting rapid technological progress in aquafeed production. Sustainability-linked financing mechanisms are also driving the shift toward low-carbon, traceable ingredients.
Conclusion
The global aquafeed market is on track for sustained growth, shaped by rising seafood demand, technological advances, and regulatory pressures. With innovation across species-specific nutrition, sustainable ingredients, and feed technology, the industry is evolving toward a more resilient and efficient ecosystem. Asia-Pacific remains the core growth engine, while developed regions drive formulation innovation and sustainability.
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