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Aquaculture Feed Market

Global Aquaculture Feed Market Size, Share, Growth, Report: By Species: Carp, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Trouts, Others; By Ingredients; Soybean, Corn, Fish Meal, Fish Oil, Additives, Others; By Additives; By Product Form; Regional Analysis; Competitive Landscape; 2024-2032

Global Aquaculture Feed Market Size

The global aquaculture feed market reached a volume of 49.70 million tonnes in 2023. The market is projected to reach 78.93 million tonnes by 2032, growing at a healthy CAGR of 5.3% during the forecast period of 2024-2032.

 

Aquaculture Feed Market Outlook

  • The fish caught volume in India increased to 12.18 million metric tons in 2020, driving the demand for aquafeed. Andhra Pradesh is the largest fish feed-consuming state in India.
  • In 2021, the EU aquaculture sector produced approximately 1.1 million tonnes of aquatic organisms, valued at EUR 4.2 billion.
  • As per industry reports, rainbow trout were the most valuable species farmed in the EU in 2021, accounting for about 14% of all aquaculture production.

 

Aquaculture Feed Market

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Aquaculture Feed Market Growth

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.

 

Factors supporting aquaculture feed market expansion are the growth of aquaculture industry, increasing health consciousness, increasing mass production of fish, and surging consumption of seafood. As people become more aware of the nutritional benefits of fish, such as its high-quality protein, omega-3 fatty acids, vitamins, and minerals, the demand for aquaculture feed has increased significantly. Additionally, the recognition of fish as a healthier alternative to red meat due to its lower saturated fat content has further fuelled the growth of the market.

 

Key Trends and Developments

Rising demand for green aquafeed, growing use of natural additives, adoption of advanced technologies to produce quality aquafeed are all factors impacting the aquaculture feed market development

 

June 2024

Aquafarming has become the main global source of fish, according to the United Nations Food and Agriculture Organisation (FAO). This shift is driven by the increasing demand for fish and seafood, and it aims to achieve a 35% growth in aquaculture production by 2030 to meet this demand.

 

June 2024

The Himachal Pradesh Department of Fisheries has signed a MoU with Central Freshwater Aquaculture Research, Bhubaneswar, to provide fish feed technology and seeds of improved fish species to farmers in the state. This will improve the growth rate of Amur Carp, Jayanti Rohu, and Katla fish species by 15-20%.

 

May 2024

Smir Group has signed a contract with Andfjord Salmon to supply its waterborne feeding system, Smirfeeder, to their land-based facilities. This technology enables gentle feed transport and reduces energy consumption by up to 90% compared to traditional airborne systems.

 

Growing demand for sustainable aquafeed

There is a need for aquafeed that is produced using eco-friendly methods and has a lower carbon footprint. Companies like Cargill and Nutreco are already investing in sustainable aquafeed production by sourcing fishmeal and fish oil from certified sustainable fisheries.

 

Rising use of natural resources and additives

The use of natural resources and additives in aquafeed is becoming increasingly popular as they provide optimal nutrition for farmed fish. Companies like Alltech and Ridley Corporation are using additives made from vitamins and minerals, which is expected to propel the aquaculture feed market growth.

 

Growing adoption of advanced technologies

The adoption of advanced technologies in aquafeed production is increasing as companies look to improve nutritional value of feed and reduce costs. For example, BioMar uses a precision feeding system that allows for real-time monitoring of fish growth and feed intake, which helps optimise feed production.

 

Shift towards organised retail channels

Fish feed consumption has shifted from unorganised retail channels (like wet markets) to organised retail channels (such as supermarkets) due to rising disposable incomes, health consciousness, and improved cold chain facilities.

 

Aquaculture Feed Market Trends

As per industry reports, the global aquaculture production increased to 122.6 million tonnes in 2020, comprising 87.5 million tonnes of aquatic animals and 35.1 million tonnes of algae. This showcases the rising production levels of aquaculture. Moreover, the consumption of seafood has increased in recent years, which in turn has shaped aquaculture feed market outlook.

 

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. Moreover, it is estimated that 73.15 million tonnes of aquafeed will be needed by 2025 to meet production levels for fed species. This can further propel market’s expansion.

 

Aquaculture Feed Market by Segments

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Aquaculture Feed Industry Segmentation

The EMR’s report titled “Aquaculture Feed Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Species

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

 

Market Breakup by Ingredients

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

 

Market Breakup by Additives

  • Vitamins and Minerals
  • Antioxidants
  • Feed Enzymes
  • Others

 

Market Breakup by Product Form

  • Pellets
  • Extruded
  • Powdered
  • Liquid

 

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Aquaculture Feed Market Share

Soybean is the largest segment, followed by corn, fish meal, fish oil, and additives, driven by increasing demand for natural aquafeed

Based on the ingredients, the soybean segment is estimated to dominate the market, followed by corn, fish meal, fish oil, additives, and others. Since the soybean meal price is relatively less expensive than fishmeal and has a higher protein content, it is highly used as a feed for fish and other aquatic organisms.

 

The corn segment is the second-largest segment in the aquaculture feed market report as it is often used as a source of energy in aquafeed and is also a common ingredient in fish feed. Fish meal is another high-quality protein source used in aquafeed and acts as a binding agent in fish feed.

 

Meanwhile, fish oil is used because it is a rich source of omega-3 fatty acids and is used as a nutritional supplement in aquafeed. Additives, in contrast, have a growing market share as they are being used to enhance the nutritional value of aquafeed and include vitamins, amino acids, and antioxidants.

 

Based on the product form, the pellet segment is projected to hold the leading share

As per aquaculture feed market analysis, pellets are a popular choice among aquaculture farmers due to their ease of use and high nutritional value. They are made by extruding a mixture of ingredients such as soybean meal, corn, fishmeal, and fish oil through a die to create a uniform pellet.

 

Powdered feed, on the other hand, is made by grinding a mixture of ingredients such as soybean meal, corn, fishmeal, and fish oil into a fine powder. This process helps to improve the digestibility and nutritional value of the feed.

 

Leading Companies in the Aquaculture Feed Market

Market players are focused on expanding their market presence and partnering with channel partners to cater to consumers across the globe

 

Archer Daniels Midland Company was founded in 1898 and is headquartered in Illinois, United States. Its products include food and beverage ingredients, feed ingredients, industrial ingredients, and biofuels. The company also offers grain origination services, oilseed processing, and animal nutrition.

 

Cargill, Incorporated was founded in 1865 and is headquartered in Minnesota, United States. The company is a leading global provider of food, agricultural, financial, and industrial products and services. It also offers services related to animal nutrition.

 

Ridley Corporation Limited was founded in 1884 and is headquartered in Victoria, Australia. The company is a leading provider of premium quality and high-performance animal nutrition solutions. Its products include bulk stock feeds and packaged ingredients, including aquafeed under the Primo brand.

 

Nutreco N.V. was founded in 1994 and is headquartered in Amersfoort, Netherlands. The company is a leading global provider of aquafeed and animal nutrition products. The company also offers a range of services, including aquafeed production, animal nutrition, breeding services, breeding stock production, and meat processing.

 

Other key players in the global aquaculture feed market include Alltech, among others.

 

Aquaculture Feed Market by Region

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Aquaculture Feed Market Analysis by Region

The aquaculture sector in North American and APAC regions is driven by the presence of leading producers, processors, and consumers of aquaculture products

The North American aquaculture sector is projected to witness rapid growth due to the rising consumption of seafood, such as salmonids, mollusks, hard clams, oysters, and mussels. Moreover, the region is home to several major aquafeed companies, including Cargill, Nutreco, and Alltech, which is expanding its aquaculture feed market share.

 

In January 2018, Cargill opened its first feed factory in India, Vijayawada to provide farmers with aqua feed solutions that are both safe and of superior quality. In June 2018, Nutreco announced a joint venture with the Mumbai-based West Coast Group to service the expanding Indian aquaculture business. These developments are expected to further strengthen the position of North America in the aquaculture feed market.

 

The Asia-Pacific region is also witnessing an increase in fish population, driven by growing demand for meat and aquaculture products, which directly impacts the aquafeed market. In APAC, India is the primary market for aquaculture feed due to its diverse aqua species, which also helps in escalating the export business. Additionally, market players like BioMar are expanding their operations in Asia Pacific to cater to the growing demand for aquafeed in the region.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • 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.

 

Aquaculture Feed Market Report Snapshots

Aquaculture Feed Market Size

Aquaculture Feed Market Growth

Aquaculture Feed Market Trends

Aquaculture Feed Market Share

Aquaculture Feed Companies

Aquaculture Feed Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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 (2018-2023) 
    8.3    Global Aquaculture Feed Market Forecast (2024-2032)
    8.4    Global Aquaculture Feed Market by Species
        8.4.1    Carp
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Marine Shrimps
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Tilapias
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Catfishes
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Marine Fishes
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Salmons
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Freshwater (FW) Crustaceans
            8.4.7.1    Historical Trend (2018-2023)
            8.4.7.2    Forecast Trend (2024-2032)
        8.4.8    Trouts
            8.4.8.1    Historical Trend (2018-2023)
            8.4.8.2    Forecast Trend (2024-2032)
        8.4.9    Others
    8.5    Global Aquaculture Feed Market by Ingredients
        8.5.1    Soybean
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Corn
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Fish Meal
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Fish Oil
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Additives
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Aquaculture Feed Market by Additives
        8.6.1    Vitamins and Minerals
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Antioxidants
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Feed Enzymes
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Aquaculture Feed Market by Product Form
        8.7.1    Pellets
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Extruded
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Powdered
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Liquid
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
    8.8    Global Aquaculture Feed Market by Region     
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Aquaculture Feed Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Aquaculture Feed Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Aquaculture Feed Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Aquaculture Feed Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Aquaculture Feed Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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 (2018-2023) and Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Archer Daniels Midland Company
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Financial Summary
            17.2.1.5    Certifications
        17.2.2    Cargill, Incorporated
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Financial Summary
            17.2.2.5    Certifications
        17.2.3    Ridley Corporation Limited
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Financial Summary
            17.2.3.5    Certifications
        17.2.4    Nutreco N.V.
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Financial Summary
            17.2.4.5    Certifications
        17.2.5    Alltech.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Financial Summary
            17.2.5.5    Certifications
        17.2.6    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 2032
2.    Global Aquaculture Feed Historical Market: Breakup by Species (Million Tons), 2018-2023
3.    Global Aquaculture Feed Market Forecast: Breakup by Species Type (Million Tons), 2024-2032
4.    Global Aquaculture Feed Historical Market: Breakup by Ingredients (Million Tons), 2018-2023
5.    Global Aquaculture Feed Market Forecast: Breakup by Ingredients (Million Tons), 2024-2032
6.    Global Aquaculture Feed Historical Market: Breakup by Additives (Million Tons), 2018-2023
7.    Global Aquaculture Feed Market Forecast: Breakup by Additives (Million Tons), 2024-2032
8.    Global Aquaculture Feed Historical Market: Breakup by Product Form (Million Tons), 2018-2023
9.    Global Aquaculture Feed Market Forecast: Breakup by Product Form (Million Tons), 2024-2032
10.    Global Aquaculture Feed Historical Market: Breakup by Region (Million Tons), 2018-2023
11.    Global Aquaculture Feed Market Forecast: Breakup by Region (Million Tons), 2024-2032
12.    North America Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2023
13.    North America Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2024-2032
14.    Europe Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2023
15.    Europe Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2024-2032
16.    Asia Pacific Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2023
17.    Asia Pacific Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2024-2032
18.    Latin America Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2023
19.    Latin America Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2024-2032
20.    Middle East and Africa Aquaculture Feed Historical Market: Breakup by Country (Million Tons), 2018-2023
21.    Middle East and Africa Aquaculture Feed Market Forecast: Breakup by Country (Million Tons), 2024-2032
22.    North America Historical Price Trends and Forecast 2018-2032
23.    Europe Historical Price Trends and Forecast 2018-2032
24.    Asia Pacific Historical Price Trends and Forecast 2018-2032
25.    Latin America Historical Price Trends and Forecast 2018-2032
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
27.    Global Aquaculture Feed Market Structure

Key Questions Answered in the Report

In 2023, the aquaculture feed market reached an approximate volume of 49.70 million tonnes.

The market is expected to grow at a CAGR of 5.3% between 2024 and 2032.

By 2032, the market is estimated to reach 78.93 million tonnes.

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

Key trends aiding market expansion include the rising use of natural resources and sustainable raw materials to produce aquaculture feed by manufacturers, rising aquaculture production in EU and APAC, and adoption of advanced technologies to produce quality aquafeed.

Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Based on species, the market is divided into carp, marine shrimps, tilapias, catfishes, marine fishes, salmons, freshwater (FW) crustaceans, and trouts, among others.

Soybean, corn, fish meal, fish oil, and additives are commonly used ingredients in aquaculture feed.

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

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

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