Press release
Aquafeed Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Aquafeed
How Large Will the Aquafeed Market Size By 2025?
In recent times, the aquafeed industry has experienced significant growth. It is projected to expand from a market size of $99.02 billion in 2024 to $107.13 billion in 2025, increasing at a compound annual growth rate (CAGR) of 8.2%. Factors such as the spread of aquaculture, a rise in seafood consumption, heightened awareness of health benefits, an increase in the global demand for protein, and the adoption of sustainable aquaculture practices all contribute to the historical growth.
How Big Is the Aquafeed Market Size Expected to Grow by 2029?
In the coming years, the aquafeed market is predicted to experience significant growth, with its value rising to $149.91 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this growth during the forecast period encompass intensification of aquaculture, growth in the middle-class population, disease control in aquaculture, adaptation to climate change, and measures for quality and safety assurance. Major trends anticipated during this period consist of precision feeding technologies, tailored feeds for specific aquaculture, blockchain technology for traceability, biofortified feeds, and the incorporation of digital technologies.
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Which Key Market Drivers Powering Aquafeed Market Expansion and Growth?
The growth of the aquafeed market is anticipated to be spurred by rising consumption of seafood. Aquaculture production's role in meeting fishery product needs for human consumption is expanding. As indicated by a study conducted by the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO), it is anticipated that human consumption of fish will rise by 180 Mt by 2029. The burgeoning demand for seafood or fishery goods is foreseen to stimulate the need for superior quality aquafeed to uphold the product's quality for consumers. Consequently, the upswing in seafood consumption is fueling the expansion of the aquafeed market.
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Which Emerging Trends Are Transforming the Aquafeed Market in 2025?
The aquafeed market is increasingly leaning towards technological innovation as a significant trend. Aquafeed industry operators are honing their focus on the invention of superior products that promise improved nutrition and feed conversion rates. A company named Secma Cabon Solution Vide, based in France and known for designing and building equipment, introduced MultyWays, an exclusive aquafeed delivery system, in September 2022. This company's patented inventions include The CleanPipe system, DosAir, and Multiway valves. These components function synergistically to enhance production and profit margins significantly. MultyWays not only boosts yield and allows for more frequent daily feedings but also offers farmers extra time for other tasks. Moreover, it curtails labor expenses, minimizes manual toiling, and combats the risk of accidents associated with repeated feeding movements.
What Are the Emerging Segments in the Aquafeed Market?
The aquafeed market covered in this report is segmented -
1) By Additives: Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders
2) By Form: Dry Form, Wet Form, Moist Form
3) By Distribution Channel: Direct Sales, Indirect Sales, Hypermarket/supermarket, Wholesalers, Online, Other Distribution Channel
Subsegments:
1) By Vitamins: Water-Soluble Vitamins, Fat-Soluble Vitamins
2) By Antioxidants: Synthetic Antioxidants, Natural Antioxidants
3) By Amino Acids: Essential Amino Acids, Non-Essential Amino Acids
4) By Enzymes: Proteases, Lipases, Amylases, Cellulases
5) By Acidifiers: Organic Acids, Inorganic Acids
6) By Binders: Natural Binders, Synthetic Binders
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Who Are the Global Leaders in the Aquafeed Market?
Major companies operating in the aquafeed market include 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.
Which are the Top Profitable Regional Markets for the Aquafeed Industry?
Asia-Pacific was the largest region in the aquafeeds market in 2024. North America is expected to have the highest CAGR in aquafeeds market. The regions covered in the aquafeed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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