Press Release

Aquafeed Market to Grow with a CAGR of 7.14% through 2028

Advancements in aquafeed manufacturing processes and increasing demand for fish oil in human diets is expected to drive the Global Aquafeed Market growth in the forecast period, 2024-2028.


According to TechSci Research report, “Aquafeed Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Aquafeed Market stood at USD 60.75 Billion in 2022 and is anticipated to grow with a CAGR of 7.14% in the forecast period, 2024-2028. The global aquafeed market is propelled by several key factors. The surging demand for seafood around the world, mainly due to its health benefits and changing dietary preferences, significantly drives the need for aquafeed.

Advances in aquaculture technology and feed ingredients have led to the production of more effective and nutrient-rich aquafeed, further fueling the market growth. Government initiatives to promote aquaculture in various regions also contribute to market expansion. However, the market faces challenges such as the increasing cost of raw materials and environmental concerns associated with aquaculture.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Aquafeed Market.”


The global aquafeed market is experiencing remarkable growth due to multiple factors. the increasing consumption of fish worldwide is driving the demand for aquafeed. As the population continues to grow, so does the need for sustainable and efficient methods of fish production. This surge in demand has led to the development of innovative aquafeed solutions that not only meet the nutritional needs of aquatic species but also promote their overall health and well-being. Advancements in aquafeed manufacturing processes have played a significant role in the market's growth. The industry has witnessed the emergence of cutting-edge technologies and techniques that enable the production of high-quality feeds. These feeds are formulated to provide optimal nutrition to different species, ensuring their rapid growth and enhanced resistance to diseases. Moreover, these advancements have also contributed to the overall sustainability of aquaculture farming by reducing waste and minimizing the environmental impact of fish production.

Furthermore, the market encompasses a wide range of aquafeed products tailored to the specific nutritional requirements of various species. From fish feed to mollusk feed, crustacean feed, and others, aquaculture farmers have a plethora of options to choose from. This diversity allows them to select the most suitable feed for their aquatic animals, ensuring their well-being and maximizing their growth potential.

Moreover, ongoing research and development activities in the aquafeed industry are focused on further enhancing feed quality and efficiency. Scientists and experts are continuously exploring new ingredients, processing techniques, and feed formulations to optimize the nutritional value of aquafeed. These efforts aim to meet the evolving demands of the market and ensure the continued growth and sustainability of the aquafeed industry. With these factors in play, the aquafeed market is expected to maintain its upward trajectory in the coming years. The increasing awareness about the importance of sustainable and responsible fish farming, coupled with the ever-growing global demand for seafood, will continue to drive the growth of the aquafeed industry. As aquaculture continues to play a crucial role in meeting the world's protein needs, the development and adoption of high-quality aquafeed will remain vital for the industry's success.

The Global Aquafeed Market is segmented into ingredients, additives, species, form, lifecycle, regional distribution, and company.

Based on species, in the global aquafeed market, fish holds the dominant position. This is primarily due to the increased demand for fish as a source of protein and the rapidly growing aquaculture sector worldwide. Fish-based aquafeed is widely recognized for its high nutritional content, which includes essential amino acids, omega-3 fatty acids, and vitamins that are vital for the optimal growth and health of aquatic species. Furthermore, fish-based aquafeed is not only nutritious but also highly digestible, ensuring efficient nutrient absorption by aquatic organisms. The amino acids present in fish-based aquafeed play a crucial role in supporting muscle development, promoting healthy growth, and enhancing the overall performance of fish in aquaculture systems. Additionally, the omega-3 fatty acids present in fish-based aquafeed have been linked to various health benefits, including improved heart health, reduced inflammation, and enhanced cognitive function.

Moreover, fish-based aquafeed is known to enhance immune function, improve survival rates, and enhance the coloration of fish. The immune-boosting properties of fish-based aquafeed help aquatic species to combat diseases and infections, leading to increased survival rates and reduced mortality in aquaculture operations. Additionally, the natural pigments found in fish-based aquafeed contribute to the vibrant coloration of fish, enhancing their aesthetics and market value. These qualities make fish-based aquafeed the preferred choice in the aquafeed industry, as it not only contributes to the overall welfare and productivity of aquatic species but also meets the increasing consumer demand for high-quality, sustainably sourced fish products. By providing a nutritionally balanced diet, fish-based aquafeed supports the growth and development of various fish species, ensuring their optimal health and well-being throughout their life cycle.

Based on region, Asia-Pacific dominates the Aquafeed Market. The rise in fish consumption is driven by a large, growing, and urban population. Investments in the aquaculture industry in China and other Asian countries may create demand for aquafeed. Aquaculture production in the region is intensive and technically advanced. Increasing investments and government initiatives promote sustainable aquaculture.. The aquafeed industry in the region is driven by expanding aquaculture and increased demand for seafood. China is one of the largest compound feed producers globally. The market consists of local and global feed manufacturers competing for market shares. With the rise in fish consumption and government initiatives, the aquafeed market in the region is projected to grow.


Major companies operating in Global Aquafeed Market are:

  • Archer Daniels Midland Company
  • Ridley Corporation Limited
  • DE Heus Animal Nutrition B.V.
  • Biostadt India Limited
  • NK Ingredients Pte Ltd.
  • Marubeni Nisshin Feed Co., Ltd.
  • Cargill, Inc
  • Nutreco N.V
  • Avanti Feeds Ltd
  • Charoen Pokphand Foods Public Company Limited


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“The future of the Global Aquafeed Market appears to be highly promising, driven by the ever-increasing demand for seafood products and the remarkable growth of the aquaculture sector on a global scale. Industry experts predict that the market will experience significant growth, primarily due to advancements in feed formulation techniques and the adoption of sustainable farming practices. These developments are expected to not only enhance the nutritional value of aquafeed but also contribute to the overall market expansion. Considering the rising global population and the growing preference for protein-rich diets, the demand for aquafeed is anticipated to skyrocket in the coming years. This surge in demand is expected to create a highly favorable and optimistic outlook for the aquafeed market, opening up new avenues for growth and innovation in the industry. With the combination of cutting-edge technologies, sustainable practices, and an increasing focus on meeting the nutritional needs of consumers, the Global Aquafeed Market is poised for remarkable advancements and success in the near future.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Aquafeed Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, Others), By Additives (Amino Acids, Vitamins & Minerals, Prebiotics & Probiotics, Enzymes, Antibiotics, Other), By Species (Fish, Crustaceans, Molluscs, Other), By Form (Dry Form, Wet Form, Moist Form), By Lifecycle (Grower feed, Finisher feed, Starter feed, Brooder feed), By Region and Competition”, has evaluated the future growth potential of Global Aquafeed Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Aquafeed Market.



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