The Thailand aquafeed market was valued at USD 506.37 Million in 2025. The industry is expected to grow at a CAGR of 4.60% during the forecast period of 2026-2035, to attain a valuation of USD 793.93 Million by 2035.
The Thailand aquafeed market plays a critical role in supporting the country’s robust aquaculture industry, which is a key contributor to its economy and food security. Aquafeed, which includes feed for farmed fish and shrimp, ensures healthy aquatic livestock and higher yields, making it vital to sustaining Thailand’s leading position in global seafood exports. The sector’s growth reflects Thailand’s increasing domestic consumption of fish protein, growing exports, and government support for sustainable aquaculture practices.
Key drivers of Thailand aquafeed market include the Thai government’s Blue Economy policy and initiatives by the Department of Fisheries to modernize aquaculture. These policies focus on improving feed quality, reducing environmental impact, and boosting productivity. As Thailand aims to expand its aquaculture footprint while aligning with sustainability goals, demand for high-performance, eco-friendly aquafeed is rising. Investment in research and development is also spurring the adoption of feed innovations such as probiotics, plant-based proteins, and nutrient optimization.
The rapid advances in the food industry and the growing penetration of international seafood delicacies will lead to the Thailand aquafeed market expansion. According to Norwegian Seafood Council, Thailand was home to nearly 5,700 Japanese restaurants in 2024. The surging consumption of sushi is driving the growing popularity of Norwegian salmon in the country. As per industry reports, the value of salmon exports to Thailand reached almost 2 billion kroner (USD 187 million) in 2024.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.6%
Value in USD Million
2026-2035
*this image is indicative*
| Thailand Aquafeed Market Report Summary |
Description |
Value |
|
Base Year |
USD Million |
2025 |
|
Historical Period |
USD Million |
2019-2025 |
|
Forecast Period |
USD Million |
2026-2035 |
|
Market Size 2025 |
USD Million |
506.37 |
|
Market Size 2035 |
USD Million |
793.93 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
4.60% |
|
CAGR 2026-2035 - Market by Type |
Crustacean Feed |
5.2% |
|
CAGR 2026-2035 - Market by Ingredient |
Fishmeal |
5.2% |
The Thailand aquafeed market value is set to grow with the transition towards green production and delivering eco-friendly products to align with sustainability metrics. In March 2024, Thai Feed Mill Association signed an MoU with the U.S. Soybean Export Council (USSEC) for advancing sustainability in Thai feed ingredients. This partnership aimed to establish a sustainable as well as dependable supply chain for soy products like soybean in the Thai feed milling community.
The surge in the number of shrimp farms and their growing efforts on ramping up production to cater to both international and domestic end-users is favouring the Thailand aquafeed market. According to industry reports, there were around 30,000 small shrimp farms across Thailand in 2023. Shrimp farming is also gaining popularity in the country for its higher suitability for the production of giant freshwater prawns.
The growing incursion of various cutting-edge technologies for enhancing the efficiency of the feed production process is playing a key role in increasing the Thailand aquafeed market share. In August 2024, CP Foods entered a partnership with VEGA Instruments for introducing advanced radar sensor technologies to its animal feed production processes for enabling the real-time measurement of raw materials. The rise in such technological adoption instances will drive the market expansion.
The Thailand aquafeed market is poised for development with the rising activities of research to foster innovation in raw materials as well as production processes to improve aquatic animal welfare. In November 2022, Scotland's Institute of Aquaculture was awarded £780,000 (USD 919,000) for enhancing farmed fish welfare in Vietnam and Thailand in a bid to improve the quality of fish for human consumption. The thriving efforts on adopting sustainable and dependable supply chain practises will also add to the regional product uptake.
The Thailand aquaculture industry share is expected to increase with the rising partnerships for offering farmers a chance for reducing emissions and costs. In October 2023, Norwegian-backed nutrient firm Full Circle Biotechnology collaborated with Thai aquaculture technology startup HydroNeo for producing a high-protein and low-carbon additive for aquaculture feeds. Full Circle created a "waste-to-protein" production system that mixes food scraps with microorganisms and black fly larvae. This gives farmers an opportunity to cut expenses and emissions while producing a substitute for high-carbon feed ingredients like fishmeal and soy meal.
The EMR’s report titled “Thailand Aquafeed Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Ingredient
Key Insight: The growing preference for soyabean due to its ample amino acid and energy content will enhance the Thailand aquafeed market value. This protein-rich ingredient is crucial for the growth and development of fish, shrimp, and other aquaculture organisms as it plays a key role in building muscle as well as maintaining overall health besides meeting their dietary needs. In April 2024, the Thai Feed Mill Association (TFMA) and the U.S. Soybean Export Council (USSEC) signed a memorandum of understanding to promote sustainable sourcing practices for soybeans and soy products in Thailand's feed industry. This partnership aims to establish a dependable supply chain for soybean meal, reflecting the industry's commitment to sustainability and quality.
Breakup by Ingredient
Key Insight: The surging usage of fish feed in aquaculture on account of its pleasant taste and robust ability to improve the growth of fish will fuel the Thailand aquafeed market development. While the demand for the carp meal and salmon meal is growing with the rising intake of protein-rich and heathy seafood, the preference for catfish feed is expected to rise due to its ability to enhance the meat flavour, taste and texture. Advancements in feed formulations, including the incorporation of probiotics and plant-based proteins, are further propelling market growth. These innovations not only improve fish health and growth but also address sustainability concerns by reducing reliance on traditional fishmeal.
Breakup by Form
Key Insight: The increasing preference for dry feed products due to their longer shelf life and higher nutritional value will foster the Thailand aquafeed market growth. Dry aquafeed is gaining prominence in the aquaculture industry given its ease of transportation, measurement and distribution. Technological advancements in feed manufacturing, such as extrusion and pelleting, have improved the quality and digestibility of dry aquafeeds. These innovations align with the industry's focus on sustainability and cost-effectiveness, as dry feeds reduce waste and environmental impact.
Rising Demand for Fishmeal as a Premium Protein Source in Thai Aquafeed Sector
The demand for fishmeal as a vital aquatic feed ingredient is growing in Thailand due to the strong requirements for superior protein source to render rich and balanced amino acid profiles. Fishmeal is also gaining popularity as it offers a balanced source of amino acids while supporting immune functions and promoting the optimal growth and reproduction of the fish and shrimp species.
According to the Thailand aquafeed market analysis, corn is garnering significant interest due to its lower cost and robust ability to improve digestibility. The growing government support for ramping up the production of corn will add to the segment growth. In March 2025, the Thai government introduced two new schemes, including a budget of around THB1.72 billion (USD 50 million) to boost corn production in the country.
Rising Demand for Mollusk and Crustacean Feed Drives Thailand’s Aquafeed Market Growth
Across Thailand, the use of mollusk feed in aquaculture is expanding driven by the emphasis on promoting enhanced shell and tissue growth on account of the increasing consumption of oysters and clams. Mollusk aqua feed is also increasingly sought for supporting larval development.
|
CAGR 2026-2035 - Market by |
Type |
| Crustacean Feed |
5.2% |
| Fish Feed |
4.9% |
| Mollusk Feed |
XX% |
| Others |
XX% |
Additionally, the growing adoption of crustacean feed to meet the requirements of the rising shrimp consumption at both international and domestic levels is driving the aquafeed demand in Thailand. According to industry reports, Thailand produced 300000 MT of shrimp in 2023, up 7.1 % from the estimated 280000 MT in 2022.
Rising Demand for Wet Aquafeed to Support Faster Growth in Thai Aquaculture
As per the Thailand aquafeed market analysis, the demand for wet aquafeed is rising across the country to promote greater feed intake and faster growth. This feed offers an improved smell and has a better texture over dry food. In September 2024, feed manufacturer Skretting partnered with biotech firm Zooca to unveil a wet copepod feed for marine juveniles. The ready-to-use copepods provide enhanced convenience and offer new possibilities for improving larval rearing practices and shrimp broodstock nutrition.
Key players in the Thailand aquafeed market are expanding production capabilities and investing in research to develop nutritionally balanced, species-specific feed. They are focusing on high-performance formulations that support faster growth rates and improved feed conversion. Companies are also aligning with sustainability goals by integrating alternative protein sources, reducing fishmeal dependency, and adopting eco-friendly manufacturing practices to meet evolving environmental and regulatory standards. In response to evolving aquaculture practices, these firms are enhancing distribution networks and offering technical support to farmers. They are also adopting digital platforms for feed traceability and real-time performance monitoring. Strategic collaborations with research institutions and government bodies help drive innovation in feed efficiency, disease resistance, and water quality management. As demand rises, these companies aim to deliver cost-effective, premium feeds tailored to both domestic and export-focused aquaculture segments.
Founded in 2000 and headquartered in Mueang Samut Sakhon, Thai Union Feedmill Public Company Limited is a leading feed manufacturer. By deploying modern technology and production processes, the company has garnered experience in the production of aquaculture feed.
Founded in 1964 and headquartered in Mueang Samut Sakhon, Asian Sea Corporation is a Thailand-based firm engaged in the production of processed frozen seafoods as well as provision of cold storage services. The company also focuses on developing petfood products.
Founded in 1978, Charoen Pokphand Foods Public Company Limited is an agro-industrial and food conglomerate headquartered in Bangkok, Thailand. The company, with an objective of providing high quality products, has emerged as one of the world's largest producers of feed and shrimp objectives.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the Thailand aquafeed market report are Thai Luxe Enterprises (Thailand) Co., Ltd., and others.
Download a free sample of the Thailand aquafeed market trends report to explore key drivers, policy shifts, and competitive insights shaping the industry. Stay informed with data-backed forecasts and growth strategies that support investment planning and market expansion. Rely on Expert Market Research for trusted intelligence across Thailand’s evolving aquaculture value chain.
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*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.*
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In 2025, the market reached an approximate value of USD 506.37 Million.
The market is projected to grow at a CAGR of 4.60% between 2026 and 2035.
The key players in the market report include Thai Union Feedmill Public Company Limited, Asian Sea Corporation Public Company Limited, Charoen Pokphand Foods Public Company Limited, Cargill Incorporated, Thai Luxe Enterprises (Thailand) Co., Ltd., and others.
Soybean occupies a larger share due to its ample amino acid and energy content.
The key strategies boosting the market include the growing regulatory support, strong emphasis on sustainability, and integration of technologies.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Ingredient |
|
| Breakup by Type |
|
| Breakup by Form |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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