Press release
Aquafeed Market: A $107.69 Billion Industry By 2025 with 8.8% CAGR Driven By Rising Seafood Consumption and Technological Innovations
Aquafeed Market Size
What Is The Projected Market Size Of The Global Aquafeed Market And Its Growth Rate?
• The aquafeed market size expanded significantly from $99.02 billion in 2024 to $107.69 billion in 2025, demonstrating a robust CAGR of 8.8%.
• The market is anticipated to achieve $151.03 billion in 2029 at a sustained CAGR of 8.8%.
• This accelerated growth can be attributed to elements such as aquaculture intensification, a burgeoning middle-class population, the importance of disease prevention in aquaculture, adaptation to climate change, and the assurance of quality and safety.
What Is Driving The Growth In The Aquafeed Market?
According to a recent study, the global demand for seafood is experiencing a steady increase. Aquaculture production is essential for meeting this demand for fishery products intended for human consumption. For instance, the OECD and FAO project that by 2029, human consumption of fish is set to rise by 180 Mt, further amplifying the need for high-quality aquafeed. Therefore, this increase in seafood consumption is establishing itself as a powerful driver of the aquafeed market.
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Who Are the Key Players Driving Aquafeed Market Growth?
• Cargill Incorporated
• Archer Daniels Midland Company
• Marubeni Nisshin Feed Co. Ltd.
• Evonik Industries AG
• Charoen Pokphand Foods Public Company Limited
• Royal De Heus B.V.
• Nutreco N.V.
• ForFarmers N.V.
• PT Japfa Comfeed Indonesia Tbk
• BioMar A/S
• Adisseo
• Alltech Inc.
• Ridley Corporation Limited
• Skretting USA
• Wilbur-Ellis Nutrition LLC
• Purina Animal Nutrition LLC
• Aller Aqua A/S
• Biomin GmbH
• Biostadt India Limited
• Growel Feeds Private Limited
• Norel Animal Nutrition
• Sonac B.V.
• Coppens International B.V.
• EnviroFlight LLC
• Beneo GmbH
• Nutriad International NV
• Dibaq Aquaculture S.L.
• Melick Aquafeed
• Rangen Inc.
What Are The Key Trends In The Aquafeed Market?
• Precision feeding technologies
• Customisation of feeds for specialised aquaculture
• Blockchain for traceability
• Biofortified feeds
• Integration of digital technologies
What Are The Segments Of The Global Aquafeed Market?
• By Additives: Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders
• By Form: Dry Form, Wet Form, Moist Form
• By Distribution Channel: Direct Sales, Indirect Sales, Hypermarket/Supermarket, Wholesalers, Online, Other Distribution Channels
Which Region Leads The Aquafeed Market?
Asia-Pacific secured its position as the largest region in the aquafeeds market as of 2024, while North America is expected to exhibit the highest CAGR. This report covers market insights from regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aquafeed Market Global Market Report?
- Market Size Analysis: Analyze the Aquafeed Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aquafeed Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contribution of different segments to the overall Aquafeed Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aquafeed Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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