Press release
Increasing Seafood Demand Boosts Growth In The Aquaculture Feed Market: A Significant Driver Propelling The Aquaculture Feed Market In 2025
Aquaculture Feed
What Is the Aquaculture Feed Market Size and Projected Growth Rate?
The size of the aquaculture feed market has seen a robust growth in the past few years. The market that was worth $63.89 billion in 2024 is projected to soar to $69.03 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. The substantial growth witnessed in the recent past is a result of increased seafood consumption, initiatives in research and development, support from regulatory bodies, economic feasibility of aquaculture, and the global expansion of aquaculture activities.
The market size for aquaculture feed is projected to experience robust growth in the coming years, reaching an estimated $93.44 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. This projected growth within the forecast period can be linked to the adoption of sustainable aquaculture practices, the emergence of alternative protein sources, adaptation to climate change, focus on health and disease management, and improvements in e-commerce and supply chain optimization. Key trends during the prediction period include the use of sustainable and alternative protein sources, health-enhancing and performance-improving functional feeds, precision feeding coupled with technology integration, personalized and specialty feeds, along with innovations in aquafeed for niche species.
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What Are the Major Segments in the Aquaculture Feed Market?
The aquaculture feed market covered in this report is segmented -
1) By Product Type: Pellets, Extruded, Powdered, Liquid
2) By Ingredient Type: Soybean, Corn, Fishmeal, Fish Oil, Additives, Other Ingredients
3) By Species Type: Carp, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Trouts, Other Species
4) By Distribution Channel: Store Based, Online
5) By End User: Commercial, Household
Subsegments:
1) By Pellets: Floating Pellets, Sinking Pellets
2) By Extruded: High-Energy Extruded Feed, Low-Energy Extruded Feed
3) By Powdered: Fine Powder, Coarse Powder
4) By Liquid: Nutrient Solutions, Flavor Enhancers
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What Are The Driving Aquaculture Feed Market Evolution?
The rise in demand for seafood is projected to fuel the expansion of the aquaculture feed market. Seafood, which includes edible aquatic creatures and fish like shrimp, fish, and even octopuses, is either harvested or farmed and serves as a potent source of protein and nutrients. Aquaculture feed plays a crucial role in producing top-quality seafood for human consumption. For example, the Organization for Economic Cooperation and Development (OECD), a US-based intergovernmental organization, predicts in July 2022 that 90% of fish production is expected to cater to the food demand by 2029. The global consumption of fish is projected to rise by 16.3%, translating to an additional 25 Mt, reaching 180 Mt by the end of 2029. Therefore, the call for high-quality seafood and frozen seafood is stimulating the growth of the aquaculture feed market.
Which Firms Dominate The Aquaculture Feed Market Segments?
Major companies operating in the aquaculture feed market include Alltech Inc., Land O'Lakes Inc., Nutreco N.V., Charoen Pokphand Foods PCL, Avanti Feeds Limited, Ocean Star International Inc., Ridley Corporation Limited, Guangdong Haid Group Co. Ltd., Tongwei Group Co. Ltd., Betagro Group, De Heus Vietnam LLC, Schouw & Co. AS, BioMar A/S, Cargill Inc., Coppens International BV, Hanpel Tech Co. Ltd., Inve Aquaculture Inc., Nutriad International NV, Biomin, Bluestar Adisseo, Wilbur-Ellis Nutrition LLC, New Hope Group, Grobest Holdings Limited, NovoNutrients, EniferBio, Archer Daniels Midland Company, Norel Animal Nutrition, Zeigler Bros Inc.
What Trends Are Expected to Dominate the Aquaculture Feed Market in the Next 5 Years?
In the aquaculture feed market, the focus on product innovation is a rising trend. Major market players are pivoting their strategies towards introducing new products to maintain their competitive stand in the market. For instance, in June 2024, Skretting, a company specializing in sustainable feed solutions for the aquaculture sector, based in Norway, took the initiative to unveil their new feed formulation concept, AmiNova. The aim of AmiNova is to augment the precision of fish nutrition. This unique method emphasizes the utilization of optimal digestible amino acid profiles, diverting from the conventional practice of using crude and digestible protein. By meticulously assessing the amino acids that are truly absorbed by fish, the formulation prevents any unnecessary surplus and boosts nutrient efficiency.
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Which Is The Largest Region In The Aquaculture Feed Market?
Asia-Pacific was the largest region in the Aquaculture feed market in 2024. The regions covered in the aquaculture feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aquaculture Feed Market?
2. What is the CAGR expected in the Aquaculture Feed Market?
3. What Are the Key Innovations Transforming the Aquaculture Feed Industry?
4. Which Region Is Leading the Aquaculture Feed Market?
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