Global Trends Overview: Rapid Developments in the Shrimp Feed Market

The shrimp feed industry is positioned for steady expansion as aquaculture practices evolve and the demand for sustainable and efficient feed solutions intensifies. With innovations in feed formulations and a growing emphasis on health and environmental considerations, this market is expected to witness significant developments through the end of the decade. Let's explore the current market size projections, leading companies, influential trends, and segmentation details shaping the shrimp feed sector.

Shrimp Feed Market Size and Long-Term Growth Outlook Through 2030
The shrimp feed market is anticipated to demonstrate strong growth, reaching a valuation of $6.36 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 5.7% during the forecast period. Key factors driving this growth include advances in feed digestibility technologies, a heightened focus on sustainable aquaculture practices, the spread of intensive shrimp farming systems, increased demand for antibiotic-free feed options, and progress in feed processing methods. Emerging trends set to impact the market encompass the development of nutrient-rich shrimp feed formulas, a rising incorporation of plant-based ingredients, broader adoption of species-specific feed blends, growth in functional feed additives, and a stronger emphasis on improving feed conversion efficiency.

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Top Companies Leading the Shrimp Feed Market Today
Several prominent players dominate the shrimp feed industry, including Cargill Incorporated, The Archer-Daniels-Midland Company, Tongwei Co Ltd, Evonik Industries AG, Charoen Pokphand Food Public Company Limited, Nutreco Holding N.V., Novozymes AS, Alltech Inc., Virbac Corp, Guangdong Yuehai Feeds Group Co Ltd, Ridley Corporation, Avanti Feeds Ltd, Aller Aqua A/S, Rangen Inc, Zeigler Bros Inc, BioMar Ltd, INVE Aquaculture, Growel Feeds Pvt. Ltd, Blue Aqua International Pte Ltd, Bern Aqua NV, ACI Godrej Agrovet Pvt, Guangdong Evergreen Feed Industry Co. Ltd., and Thai Union Feedmill Public Company Limited.

Significant Acquisition Strengthens IFB Agro's Market Position
In June 2025, IFB Agro Industries Ltd., an Indian aqua-feed provider, completed the acquisition of Cargill India Pvt. Ltd.'s commercial shrimp and freshwater fish feed business for an undisclosed sum. This strategic move is intended to bolster IFB Agro's shrimp and aquaculture feed portfolio by integrating Cargill India's feed formulations, production facilities, and related assets. Cargill India Pvt. Ltd. is known for its commercial compound shrimp and freshwater fish feeds, supported by robust manufacturing capabilities.

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Positive Market Trends Supporting Shrimp Feed Growth
Major companies in the shrimp feed industry are concentrating efforts on creating innovative products such as functional shrimp feeds, which are designed to enhance feed efficiency and promote sustainability. Functional shrimp feeds go beyond basic nutrition by including ingredients that improve shrimp health, growth rates, and disease resistance. For instance, in May 2024, Skretting, a Norway-based aquafeed producer, introduced Armis-a functional feed specifically formulated to strengthen shrimp resilience under challenging farming conditions while ensuring optimal nutrition. This product was developed with the Indian shrimp farming market in mind and targets issues caused by pathogens like Enterocytozoon hepatopenaei (EHP) and other common diseases in shrimp farming.

Breakdown of the Shrimp Feed Market Segments
The shrimp feed market can be segmented into several categories for a detailed understanding:

1) By Type:
- Starter Grade
- Grower Grade
- Finisher Grade

2) By Shrimp Species:
- Pacific Whiteleg Shrimp
- Black Tiger Shrimp
- Other Shrimp Species

3) By Ingredients:
- Fish-Meal Based Feeds
- Plant-Based Feeds
- Soybean-Meal Based Feeds
- Wheat-Based Feeds
- Corn-Based Feeds
- Other Ingredients

4) By Additives:
- Vitamins and Proteins
- Antioxidants
- Antibiotics
- Fatty Acids
- Feed Enzymes
- Other Additives

Further sub-segmentation includes:

Starter Grade: High-protein starter feed, nutrient-rich starter pellets, crumble feed for early-stage shrimp, liquid starter feeds, and specialized starter feeds tailored for specific shrimp species.

Grower Grade: Growth-promoting shrimp feed, medium-protein grower pellets, formulations with enhanced digestibility, grower feeds incorporating essential nutrients, and feeds enriched with omega-3 fatty acids.

Finisher Grade: High-energy finisher feed, low-protein finisher pellets, finisher feeds containing antioxidants and color enhancers, specialized feeds for market-ready shrimp, and slow-release nutrient finisher feed options.

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This release was published on openPR.