Global Aquaculture Feed Market: By Species: Carp, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Others; By Ingredients; By Additives; By Product Form; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Aquaculture Feed Market Outlook

The global aquaculture feed market reached a volume of 47.2 million tons in 2022. The market is projected to reach 64.2 million tons by 2028, growing at a healthy CAGR of 5.3% during the forecast period of 2023-2028.

 

Aquaculture Feed Market

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Based on the species, the carps segment accounted for the major share in the global aquaculture feed market. Carp fish types are tolerant to nearly every water conditions and their demand for aquaculture feed is likely to increase during the forecast years on account of the abundant availability and popularity.

Based on the ingredients, the soybean segment is estimated to dominate the market in 2020, followed by corn, fish meal, fish oil, additives, and others. Since the soybean meal price is relatively less expensive than fishmeal, it is expected to augment the market for the sector during the forecast period.

On the basis of additives type, the vitamins and minerals segment accounted for the largest market share in 2020, followed by antioxidants, feed enzymes, and others. Based on the product form, the pellet segment is projected to hold the leading industry share in 2020.

Regionally, the Asia Pacific region dominated the market in 2020. The regional growth is attributed to the presence of leading producers, processors, and consumers of aquaculture products.

 

Aquaculture Feed Market by Segments

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Properties and Applications

Aquaculture feed is defined as a commercially manufactured food for aquatic animals to fulfil their nutritional requirements. It is made up of various raw materials and additives, including plants, marine animals, grain products, terrestrial-based live feeds, vegetable protein, and fish oil. The feed offers a balanced diet, which is essential for rearing healthy fishes. Also, it is rich in nutrients like protein, minerals, vitamins, carbohydrates, and lipids, thus helps in promoting effective growth and reproduction of aquatic animals. Moreover, aquaculture is expected to play a vital role in the aquaculture feed sector.
 
On the basis of species, the global aquaculture feed market is segregated into:

  • Carp
  • Marine Shrimps
  • Tilapias
  • Catfishes
  • Marine Fishes
  • Salmons
  • Freshwater (FW) Crustaceans
  • Trouts
  • Others

Based on the ingredient type, the industry is divided into:

  • Soybean
  • Corn
  • Fish Meal
  • Fish Oil
  • Additives
  • Others

On the basis of additives, the market is divided into:

  • Vitamins and Minerals
  • Antioxidants
  • Feed Enzymes
  • Others

The market can be majorly categorised on the basis of product form segment into:

  • Pellets
  • Extruded
  • Powdered
  • Liquid

The EMR report looks into the regional markets in the global aquaculture feed market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

 

Aquaculture Feed Market by Region

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Market Analysis

Recently, the rise in the overall consumption of seafood has boosted the aquaculture activities, which in turn has triggered the growth of the aquaculture feed market. In addition to this, consumers have become more aware of the benefits offered by high-quality seafood products, creating a positive influence on the supply of improved aquaculture feed across the globe. The increasing mass production of fish and limited accessibility of marine feed resources is further expected to propel the demand for aquaculture feed over the years to come. Furthermore, improved aquaculture activities, along with the increasing demand for seafood, are also expected to fuel the industry growth during the forecast period. Manufacturers are continually utilising natural resources and sustainable raw materials for the production of aquaculture feed, which is beneficial for both human and environmental health. Owing to the aforementioned factors, the industry is expected to grow significantly over the forecast years.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global aquaculture feed market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Archer Daniels Midland Company
  • Cargill
  • Ridley Corporation Limited
  • Nutreco N.V.
  • Alltech.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Species, Ingredients, Additives, Product Form, Region
Breakup by Species Carp, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Trouts, Others
Breakup by Ingredients Soybean, Corn, Fish Meal, Fish Oil, Additives, Others
Breakup by Additives Vitamins and Minerals, Antioxidants, Feed Enzymes, Others
Breakup by Product Form Pellets, Extruded, Powdered, Liquid
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Archer Daniels Midland Company, Cargill, Ridley Corporation Limited, Nutreco N.V., Alltech., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Aquaculture Feed Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Aquaculture Feed Historical Market (2018-2022) 
    8.3    Global Aquaculture Feed Market Forecast (2023-2028)
    8.4    Global Aquaculture Feed Market by Species
        8.4.1    Carp
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Marine Shrimps
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Tilapias
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Catfishes
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Marine Fishes
            8.4.5.1    Historical Trend (2018-2022)
            8.4.5.2    Forecast Trend (2023-2028)
        8.4.6    Salmons
            8.4.6.1    Historical Trend (2018-2022)
            8.4.6.2    Forecast Trend (2023-2028)
        8.4.7    Freshwater (FW) Crustaceans
            8.4.7.1    Historical Trend (2018-2022)
            8.4.7.2    Forecast Trend (2023-2028)
        8.4.8    Trouts
            8.4.8.1    Historical Trend (2018-2022)
            8.4.8.2    Forecast Trend (2023-2028)
        8.4.9    Others
    8.5    Global Aquaculture Feed Market by Ingredients
        8.5.1    Soybean
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Corn
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Fish Meal
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Fish Oil
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Additives
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Aquaculture Feed Market by Additives
        8.6.1    Vitamins and Minerals
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Antioxidants
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Feed Enzymes
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Aquaculture Feed Market by Product Form
        8.7.1    Pellets
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Extruded
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Powdered
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Liquid
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
    8.8    Global Aquaculture Feed Market by Region     
      8.8.1    North America
          8.8.1.1    Historical Trend (2018-2022) 
          8.8.1.2    Forecast Trend (2023-2028)
      8.8.2    Europe
          8.8.2.1    Historical Trend (2018-2022) 
          8.8.2.2    Forecast Trend (2023-2028)
      8.8.3    Asia Pacific
          8.8.3.1    Historical Trend (2018-2022) 
          8.8.3.2    Forecast Trend (2023-2028)
      8.8.4    Latin America
          8.8.4.1    Historical Trend (2018-2022) 
          8.8.4.2    Forecast Trend (2023-2028)
      8.8.5    Middle East and Africa
          8.8.5.1    Historical Trend (2018-2022) 
          8.8.5.2    Forecast Trend (2023-2028)
9    North America Aquaculture Feed Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Aquaculture Feed Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5   Others
11    Asia Pacific Aquaculture Feed Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Aquaculture Feed Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Aquaculture Feed Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis

    16.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.3.1    Archer Daniels Midland Company
            17.3.1.1    Company Overview
            17.3.1.2    Product Portfolio
            17.3.1.3    Demographic Reach and Achievements
            17.3.1.4    Financial Summary
            17.3.1.5    Certifications
        17.3.2    Cargill
            17.3.2.1    Company Overview
            17.3.2.2    Product Portfolio
            17.3.2.3    Demographic Reach and Achievements
            17.3.2.4    Financial Summary
            17.3.2.5    Certifications
        17.3.3    Ridley Corporation Limited
            17.3.3.1    Company Overview
            17.3.3.2    Product Portfolio
            17.3.3.3    Demographic Reach and Achievements
            17.3.3.4    Financial Summary
            17.3.3.5    Certifications
        17.3.4    Nutreco N.V.
            17.3.4.1    Company Overview
            17.3.4.2    Product Portfolio
            17.3.4.3    Demographic Reach and Achievements
            17.3.4.4    Financial Summary
            17.3.4.5    Certifications
        17.3.5    Alltech.
            17.3.5.1    Company Overview
            17.3.5.2    Product Portfolio
            17.3.5.3    Demographic Reach and Achievements
            17.3.5.4    Financial Summary
            17.3.5.5    Certifications
        17.3.6    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Aquaculture Feed Market: Key Industry Highlights, 2018 and 2028
2.    Global Aquaculture Feed Historical Market: Breakup by Species (Million Tons), 2018-2022
3.    Global Aquaculture Feed Market Forecast: Breakup by Species Type (Million Tons), 2023-2028
4.    Global Aquaculture Feed Historical Market: Breakup by Ingredients (Million Tons), 2018-2022
5.    Global Aquaculture Feed Market Forecast: Breakup by Ingredients (Million Tons), 2023-2028
6.    Global Aquaculture Feed Historical Market: Breakup by Additives (Million Tons), 2018-2022
7.    Global Aquaculture Feed Market Forecast: Breakup by Additives (Million Tons), 2023-2028
8.    Global Aquaculture Feed Historical Market: Breakup by Product Form (Million Tons), 2018-2022
9.    Global Aquaculture Feed Market Forecast: Breakup by Product Form (Million Tons), 2023-2028
10.    Global Aquaculture Feed Historical Market: Breakup by Region (Million Tons), 2018-2022
11.    Global Aquaculture Feed Market Forecast: Breakup by Region (Million Tons), 2023-2028
12.    North America Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2022
13.    North America Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2023-2028
14.    Europe Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2022
15.    Europe Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2023-2028
16.    Asia Pacific Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2022
17.    Asia Pacific Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2023-2028
18.    Latin America Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2022
19.    Latin America Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2023-2028
20.    Middle East and Africa Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2022
21.    Middle East and Africa Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2023-2028
22.    North America Historical Price Trends and Forecast 2018-2028
23.    Europe Historical Price Trends and Forecast 2018-2028
24.    Asia Pacific Historical Price Trends and Forecast 2018-2028
25.    Latin America Historical Price Trends and Forecast 2018-2028
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
27.    Global Aquaculture Feed Market Structure

Key Questions Answered in the Report

In 2022, the global aquaculture feed market attained a volume of 47.2 million tons.

In the forecast period of 2023-2028, the market is projected to grow at a CAGR of 5.3%.

By 2028, the market is estimated to reach 64.2 million tons.

The major market drivers include rising disposable incomes, the increasing health consciousness, growing mass production of fish, and surging consumption of seafood. 

The rising use of natural resources and sustainable raw materials for the production of aquaculture feed by manufacturers is a major trend driving the growth of the market.

The major regions in the market are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

The major species of aquaculture feed include carp, marine shrimps, tilapias, catfishes, marine fishes, salmons, freshwater (FW) crustaceans, and trouts, among others.

Soybean, corn, fish meal, fish oil, and additives, among others, are various ingredient types of aquaculture feed.

Vitamins and minerals, antioxidants, and feed enzymes, among others, are the several additives used in aquaculture feed.

The significant product forms of aquaculture feed are pellets, extruded, powdered, and liquid.

The key players in the market are Archer Daniels Midland Company, Cargill, Ridley Corporation Limited, Nutreco N.V., and Alltech, among others.

Analyst Review

The global aquaculture feed market attained a volume of 47.2 million tons in 2022 driven by the rising mass production of fish and growing consumption of seafood. Aided by the growing adoption of sustainable farming practices, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.3%. The aquaculture feed market is projected to reach 64.2 million tons by 2028.
 
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on species, the global aquaculture feed market is segmented into carp feeds, marine shrimps, tilapias, catfishes, marine fishes, salmons, freshwater (FW) crustaceans, and trouts, among others, with carp leading the market. On the basis of ingredient type, soybean accounts for the largest share in the market. Vitamins and minerals, antioxidants, and feed enzymes, among others are the major additives in the industry, with vitamins and minerals leading the industry. Based on product form, the pellets segment accounted for the largest share in the market. The major regional markets for aquaculture feed are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above market include Archer Daniels Midland Company, Cargill, Ridley Corporation Limited, Nutreco N.V., and Alltech, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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