AquaFeed Market Size, Share, Growth, and Industry Analysis, By Types (Mash Feed, Pellet Feed, Expanded Feed, Other), By Applications (Fish Feed, Shrimp Feed, Crab Feed, Other) , and Regional Insights and Forecast to 2034

AquaFeed Market Size

The Global AquaFeed Market size was USD 36.29 billion in 2024 and is projected to reach USD 38.76 billion in 2025, USD 41.39 billion in 2026, and USD 70.06 billion by 2034, growing at a steady CAGR of 6.8% from 2025 to 2034. Driven by increasing aquaculture production and rising seafood demand, the market has seen strong growth as 45% of global fish feed demand now comes from Asia-Pacific, while 26% originates from Europe. Approximately 32% of the market expansion is attributed to technological feed innovations and sustainable feed formulations.

The US AquaFeed Market has been expanding steadily with over 38% of feed manufacturers adopting plant-based and algae-derived proteins to reduce environmental impact. Around 41% of domestic aquaculture farms are focusing on premium fish feed, while 28% of companies are integrating AI-based feed optimization systems. The United States holds nearly 56% of North America’s total market share, driven by increasing consumer demand for protein-rich aquatic food and the shift toward sustainable aquaculture systems across coastal and inland regions.

Key Findings

• Market Size: Global AquaFeed Market reached USD 36.29 billion in 2024, USD 38.76 billion in 2025, and is forecasted to touch USD 70.06 billion by 2034 at 6.8% growth rate.
• Growth Drivers: About 47% of producers are focusing on sustainable feed solutions, while 35% adopt alternative protein sources and 28% implement smart feeding technologies.
• Trends: Nearly 52% of the market is shifting toward eco-friendly aquafeed; 33% prefer algae-based ingredients, and 25% are developing antibiotic-free formulations.
• Key Players: Nutreco, Tongwei Group, Haid Group, BioMar, Cargill & more.
• Regional Insights: Asia-Pacific leads the AquaFeed Market with 45% share driven by strong aquaculture production in China, India, and Vietnam. Europe holds 26% due to sustainable feed innovations, while North America accounts for 19% supported by premium fish farming. The Middle East & Africa capture the remaining 10% with growing regional aquaculture investment.
• Challenges: Around 38% of companies face ingredient price volatility, 27% deal with supply chain issues, and 22% report nutrient stability problems.
• Industry Impact: Over 40% of aquaculture farms use high-quality feeds; 35% report improved feed efficiency, while 25% achieved better sustainability outcomes.
• Recent Developments: Nearly 30% of producers launched sustainable feed products, 22% introduced digital tracking tools, and 18% expanded R&D facilities globally.

The AquaFeed Market is evolving rapidly with digital feed management, sustainability focus, and eco-certified formulations leading innovation. Around 42% of feed producers are investing in low-impact ingredients to reduce environmental pressure, while 29% of aquaculture operations emphasize water-efficient and traceable production. Nearly 36% of feed companies collaborate with biotechnology firms to enhance nutrient absorption and feed conversion ratios, helping improve overall yield and quality across aquaculture ecosystems worldwide.

AquaFeed Market Trends

The AquaFeed Market is witnessing strong growth driven by rising aquaculture production and demand for protein-rich aquatic species. Asia-Pacific holds around 42% of the global market share, primarily supported by China, India, and Vietnam due to large-scale fish farming. Europe follows with approximately 28%, led by Norway and Spain, while North America contributes close to 17% through advanced aquaculture systems in the United States and Canada. Latin America accounts for around 8%, with Brazil emerging as a fast-growing region, and the Middle East & Africa collectively hold near 5% share. In terms of feed type, fish feed captures nearly 55% share, followed by crustacean feed at 22%, mollusk feed at 15%, and other specialty feeds making up the remaining 8%. Protein ingredients like soybean meal and fishmeal dominate with about 60% of total formulation usage, while plant-based proteins have expanded to roughly 25% as sustainable alternatives. The shift toward environmentally responsible aquafeed formulations continues to rise, with about 35% of producers adopting eco-friendly and antibiotic-free blends.

AquaFeed Market Dynamics

OPPORTUNITY

Rising Adoption of Sustainable Feed Solutions

Over 47% of aquaculture producers are transitioning to eco-friendly feed formulations, focusing on natural additives and reduced antibiotic usage. Approximately 33% of global feed manufacturers have integrated algae-based and insect protein ingredients to improve sustainability. Around 28% of aquafeed companies report an increase in demand for traceable, organic feed blends, driven by environmental regulations and consumer awareness about clean-label seafood.

DRIVERS

Increasing Demand for Protein-Rich Aquatic Species

Global aquaculture accounts for nearly 54% of total seafood consumed, with 61% of that production relying on high-performance aquafeed. About 40% of feed demand comes from fish species such as tilapia and carp, while 26% originates from shrimp farming. Consumer preference for nutrient-dense seafood and efficient feed conversion rates has prompted over 35% of producers to enhance feed formulations with improved amino acid profiles and essential fatty acids.

RESTRAINTS

"Volatility in Raw Material Prices"

Nearly 38% of aquafeed manufacturers face challenges due to fluctuating costs of key raw materials like fishmeal and soybean meal. Around 29% of producers report profit margin compression resulting from unstable agricultural yields. Additionally, 25% of feed producers have indicated that energy price hikes and supply chain disruptions affect production efficiency, leading to higher operational risks in emerging aquaculture regions.

CHALLENGE

"Maintaining Nutritional Quality and Feed Efficiency"

Approximately 34% of aquafeed producers encounter issues related to nutrient degradation during storage and processing. Around 27% face difficulties achieving balanced amino acid profiles for different aquatic species, impacting growth performance. Furthermore, 21% of industry players struggle to maintain uniform feed pellet stability under varying water conditions, which affects feed conversion efficiency and overall aquaculture output consistency.

Segmentation Analysis

The Global AquaFeed Market size was valued at USD 36.29 Billion in 2024 and is projected to reach USD 38.76 Billion in 2025, with expectations to touch USD 70.06 Billion by 2034, growing at a CAGR of 6.8% from 2025 to 2034. Based on type and application, the market shows strong diversity in demand patterns. Pellet feed dominates due to high efficiency and digestibility, while fish feed remains the largest application area. The mash feed and expanded feed categories are growing steadily with innovations in nutritional formulations. Across applications, shrimp and crab feed segments are expanding rapidly owing to increased aquaculture investments and export demand. Each type and application contributes distinctively to global market growth, reflecting a mix of technological adoption and regional aquaculture trends.

By Type

Mash Feed

Mash feed is primarily used for small-scale aquaculture setups due to its cost-effectiveness and ease of mixing with natural feed sources. Nearly 22% of total aquafeed production volume is attributed to mash feed, supported by traditional aquaculture practices in Asia and Africa.

Mash Feed held a market size of USD 8.61 Billion in 2025, representing a 22.2% share of the global market. This segment is expected to grow at a CAGR of 5.6% from 2025 to 2034, driven by affordable feed options and ease of storage in small-scale aquaculture environments.

Major Dominant Countries in the Mash Feed Segment

• India led the Mash Feed segment with a market size of USD 2.41 Billion in 2025, holding a 28% share and expected to grow at a CAGR of 5.9% due to its expanding inland aquaculture industry and rural fish farming.
• Bangladesh captured a 17% share, driven by rising local aquaculture demand and strong government support for fish feed production.
• Indonesia held a 13% share, supported by increased tilapia and carp farming activities.

Pellet Feed

Pellet feed is the most widely used form in commercial aquaculture due to its superior feed conversion efficiency and water stability. It offers uniform nutrient distribution, enhancing growth performance across multiple aquatic species.

Pellet Feed accounted for USD 17.05 Billion in 2025, representing 44% of the total market share. This segment is expected to grow at a CAGR of 7.3% during 2025–2034, supported by automation in feed processing and demand for high-protein fish diets.

Major Dominant Countries in the Pellet Feed Segment

• China led the Pellet Feed segment with a market size of USD 5.94 Billion in 2025, holding a 35% share and projected to grow at a CAGR of 7.6% due to its massive aquaculture base and technological adoption.
• Norway held a 14% share, driven by its salmon farming industry and focus on sustainable feed composition.
• Vietnam captured an 11% share, benefiting from export-oriented aquaculture production and rising shrimp feed demand.

Expanded Feed

Expanded feed offers better floating ability, digestibility, and nutrient retention, making it suitable for high-value species like trout and salmon. Around 18% of global aquafeed output falls into this category.

Expanded Feed achieved a market size of USD 6.97 Billion in 2025, representing 18% of the market. This segment is anticipated to grow at a CAGR of 6.4% from 2025 to 2034, driven by technological feed extrusion and higher demand for floating feed types.

Major Dominant Countries in the Expanded Feed Segment

• Norway led the segment with a market size of USD 1.86 Billion in 2025, holding a 27% share and expected to grow at a CAGR of 6.7% due to advanced feed extrusion technology.
• Chile held a 16% share, driven by its salmon aquaculture industry.
• Japan captured a 13% share, supported by adoption in high-value marine fish farming.

Other Types

This category includes specialty feeds like micro-pellets, sinking feed, and customized nutraceutical formulations designed for ornamental fish and unique aquaculture needs. These products cater to less than 10% of the total market but are rapidly gaining traction.

Other Feed Types recorded a market size of USD 6.13 Billion in 2025, representing 15.8% share of the global market, and are expected to expand at a CAGR of 6.0% during 2025–2034, propelled by rising pet fish culture and specialty aquaculture sectors.

Major Dominant Countries in the Other Feed Types Segment

• Thailand led the segment with a market size of USD 1.28 Billion in 2025, holding a 21% share and expected to grow at a CAGR of 6.3% due to innovation in ornamental fish feed.
• Philippines captured a 15% share, driven by micro-pellet feed demand for tropical species.
• United States held a 13% share, supported by the development of specialty feed for aquaponics and research farming.

By Application

Fish Feed

Fish feed dominates the global aquafeed industry, accounting for the majority of production due to the high consumption of species such as tilapia, catfish, and salmon. Nutritionally enhanced feed compositions are boosting fish growth and survival rates.

Fish Feed held a market size of USD 20.71 Billion in 2025, representing 53.4% of total market share and is forecast to grow at a CAGR of 7.1% through 2034, driven by expansion in intensive aquaculture and the adoption of sustainable feed ingredients.

Major Dominant Countries in the Fish Feed Segment

• China led the Fish Feed segment with a market size of USD 6.84 Billion in 2025, holding a 33% share and expected to grow at a CAGR of 7.5% due to rising fish farming intensity.
• India held a 19% share, supported by inland aquaculture growth and freshwater fish cultivation.
• Norway captured an 11% share due to its salmon-focused aquaculture industry.

Shrimp Feed

Shrimp feed is a fast-growing segment due to global export demand for shrimp and evolving feed formulations with better digestibility and immune-boosting additives. It accounts for roughly one-fourth of total aquafeed use.

Shrimp Feed reached USD 9.78 Billion in 2025, representing 25.2% of the market and is anticipated to grow at a CAGR of 6.6% from 2025 to 2034, driven by shrimp farming expansions in Asia and Latin America.

Major Dominant Countries in the Shrimp Feed Segment

• Vietnam led the segment with a market size of USD 2.48 Billion in 2025, holding a 25% share and growing at a CAGR of 6.8% due to shrimp export growth.
• Thailand held a 19% share, supported by improved feed formulations and sustainability focus.
• India captured a 15% share driven by rising aquaculture output.

Crab Feed

Crab feed represents a smaller but growing portion of the market, benefiting from the expansion of soft-shell crab and mud crab aquaculture. Manufacturers are focusing on balanced nutrient and vitamin content to enhance crab yield and shell quality.

Crab Feed stood at USD 3.10 Billion in 2025, accounting for 8% share and is projected to grow at a CAGR of 5.9% from 2025 to 2034, driven by increased commercial crab farming and export-led production.

Major Dominant Countries in the Crab Feed Segment

• China led the Crab Feed segment with a market size of USD 1.02 Billion in 2025, holding a 33% share and expected to grow at a CAGR of 6.1% due to rising mud crab farming.
• Philippines captured a 16% share supported by small-scale aquaculture expansion.
• Indonesia held a 14% share owing to demand for soft-shell crab exports.

Other Applications

Other applications include feed for ornamental fish, mollusks, and aquaponics systems. These specialized feeds are gaining popularity due to increasing home aquariums and niche aquaculture practices.

Other Applications accounted for USD 5.17 Billion in 2025, representing 13.4% share of the global market and growing at a CAGR of 6.2% during the forecast period, driven by customized feed solutions and higher disposable income in emerging economies.

Major Dominant Countries in the Other Applications Segment

• Japan led this segment with a market size of USD 1.42 Billion in 2025, holding a 27% share and expected to grow at a CAGR of 6.5% due to ornamental fish demand.
• United States captured a 17% share through aquaponics feed innovations.
• South Korea held a 13% share, supported by technological feed formulations for niche aquaculture species.

AquaFeed Market Regional Outlook

The Global AquaFeed Market, valued at USD 36.29 Billion in 2024, is expected to reach USD 38.76 Billion in 2025 and USD 70.06 Billion by 2034, expanding at a CAGR of 6.8% from 2025 to 2034. Regionally, Asia-Pacific dominates the market with 45% share, followed by Europe at 26%, North America at 19%, and the Middle East & Africa with a combined 10%. This distribution reflects varying aquaculture intensities, technological advancements, and dietary shifts across regions. Rising aquaculture production in emerging markets and increasing sustainable feed practices in developed nations continue to shape regional dynamics.

North America

The North American AquaFeed Market is supported by expanding aquaculture farms in the United States and Canada, focusing on high-value species like trout, catfish, and salmon. The region has witnessed a significant rise in sustainable feed formulation, with over 40% of feed manufacturers using plant-based and algae-based proteins to reduce environmental impact. Innovative extrusion technologies are improving feed digestibility and conversion efficiency. The demand for premium feed additives for fish immunity and growth enhancement is also on the rise, with around 28% of producers adopting specialized nutrient blends.

North America held a market size of USD 7.36 Billion in 2025, representing 19% of the global market. It is anticipated to expand steadily at a CAGR of 6.2% through 2034, driven by increasing domestic seafood consumption, aquaculture diversification, and sustainability-focused policies.

North America - Major Dominant Countries in the AquaFeed Market

• The United States led the North America AquaFeed Market with a market size of USD 4.15 Billion in 2025, holding a 56% share and expected to grow at a CAGR of 6.3% due to advancements in salmon and catfish aquaculture.
• Canada held a 28% share, valued at USD 2.06 Billion, driven by strong trout and shellfish feed demand.
• Mexico accounted for 16% of the market, supported by the expansion of shrimp farming and marine aquaculture initiatives.

Europe

The European AquaFeed Market benefits from highly regulated and technology-driven aquaculture industries. Sustainable fish farming practices dominate the region, with about 60% of feed producers certified for eco-friendly standards. Norway and Spain are key players, focusing on salmon and seabass production. The use of insect meal and algae-based proteins has increased by 35% in the last few years, reflecting the region’s strong push for circular economy principles. Approximately 30% of European feed manufacturers now integrate AI-based monitoring systems to optimize feed efficiency.

Europe accounted for USD 10.08 Billion in 2025, representing 26% of the total market. The region continues to progress steadily, supported by innovation in feed composition, high aquaculture yields, and stringent feed safety regulations.

Europe - Major Dominant Countries in the AquaFeed Market

• Norway led the Europe segment with a market size of USD 3.41 Billion in 2025, holding a 34% share and driven by dominance in salmon farming and sustainable feed innovation.
• Spain captured 22% share, valued at USD 2.22 Billion, fueled by marine fish farming growth in the Mediterranean region.
• France held a 16% share at USD 1.61 Billion, supported by diversification into crustacean feed and advanced aquaculture techniques.

Asia-Pacific

Asia-Pacific is the global leader in aquafeed production, accounting for nearly 45% of total market share. Strong demand from China, India, Vietnam, and Indonesia drives the region’s dominance. Over 70% of fish and shrimp farming operations are concentrated here, with rapid modernization and government-backed aquaculture development programs. Feed conversion efficiency improvements and high adoption of pelletized and floating feed types have enhanced productivity by nearly 30% in recent years. Rising seafood consumption and large-scale exports continue to strengthen regional growth momentum.

Asia-Pacific held a market size of USD 17.44 Billion in 2025, representing 45% of the global AquaFeed Market. The region’s steady expansion is attributed to favorable climatic conditions, cost-effective labor, and a strong aquaculture export network.

Asia-Pacific - Major Dominant Countries in the AquaFeed Market

• China dominated with a market size of USD 7.82 Billion in 2025, holding a 45% share and projected to expand due to high aquaculture intensity and domestic consumption.
• India captured 21% share, valued at USD 3.66 Billion, led by freshwater fish and shrimp production growth.
• Vietnam held 15% share at USD 2.62 Billion, supported by strong shrimp feed exports and technological feed innovation.

Middle East & Africa

The Middle East & Africa region is witnessing gradual growth in aquafeed demand, supported by aquaculture development in Egypt, Saudi Arabia, and South Africa. Local feed production has increased by 25% over the past few years as governments promote food security and sustainable aquaculture systems. Investment in aquaculture infrastructure, including pond systems and recirculating aquaculture technologies, is expanding. However, dependency on imported feed ingredients still challenges cost efficiency in several countries.

Middle East & Africa accounted for USD 3.88 Billion in 2025, representing 10% of the global market share. The region is poised for stable growth, driven by food diversification policies, modernization of aquaculture practices, and rising domestic seafood demand.

Middle East & Africa - Major Dominant Countries in the AquaFeed Market

• Egypt led the Middle East & Africa segment with a market size of USD 1.46 Billion in 2025, holding a 38% share and supported by tilapia and catfish aquaculture expansion.
• Saudi Arabia captured a 23% share, valued at USD 0.89 Billion, driven by aquaculture investments and sustainability initiatives.
• South Africa held a 19% share, valued at USD 0.73 Billion, benefiting from government support for feed production and inland fish farming growth.

List of Key AquaFeed Market Companies Profiled

Investment Analysis and Opportunities in AquaFeed Market

The AquaFeed Market presents substantial investment opportunities as nearly 42% of global aquaculture farms are expanding feed production capacity. Around 35% of venture investments are directed toward sustainable feed technologies, including insect-based protein and microalgae cultivation. Digital aquaculture systems are gaining traction, with 28% of feed producers adopting IoT-based monitoring for optimized feed utilization. Private equity participation in emerging Asia-Pacific markets has risen by 31%, driven by favorable aquaculture policies and infrastructure modernization. Additionally, more than 24% of established feed companies are investing in R&D for nutrient efficiency and eco-friendly feed formulation to enhance profitability and reduce environmental impact.

New Products Development

Innovation in aquafeed formulations has accelerated, with over 38% of manufacturers introducing new products targeting enhanced digestibility and disease resistance. Plant-protein-based alternatives now account for 27% of new product launches, while insect-based proteins contribute approximately 15%. Nearly 22% of companies are developing probiotic and enzyme-enriched feed for improved growth performance. In addition, 19% of firms have expanded their product lines with micro-pellet and floating feed designed for specific aquaculture environments. The growing demand for sustainable aquafeed and natural additives has prompted 25% of key manufacturers to focus on organic feed certification and environment-friendly packaging solutions.

Recent Developments

• Nutreco: Launched a new probiotic-enhanced aquafeed formulation that improved feed conversion efficiency by 18%, reducing nutrient waste and promoting healthier aquatic species growth.
• BioMar: Introduced a plant-based sustainable feed line that replaced over 30% of fishmeal content, aligning with eco-certification standards for responsible aquaculture.
• Cargill: Expanded its aquafeed production facility in Asia-Pacific, increasing capacity by 25% to meet the rising demand for shrimp and tilapia feed across regional markets.
• CP Group: Partnered with local aquaculture farms to implement AI-based feed management, boosting feed utilization efficiency by nearly 20% through real-time monitoring.
• Avanti Feeds: Developed a high-protein shrimp feed blend containing 14% more amino acid content, leading to improved shrimp survival rates and enhanced export readiness.

Report Coverage

The AquaFeed Market report offers comprehensive insights into market structure, competitive landscape, and future growth prospects across regions. The analysis covers type and application segmentation, competitive benchmarking, and recent developments. Based on SWOT analysis, the market shows significant strengths including 45% dominance of Asia-Pacific in production and 35% industry adoption of sustainable feed practices. Weaknesses include 28% dependency on volatile raw material prices and limited adoption of advanced feed technologies in emerging economies. Opportunities are high, with 40% of aquaculture operations integrating eco-friendly and traceable feed solutions, while 25% of producers are entering high-margin specialty feed markets. However, 18% of companies face challenges in nutrient stability and shelf-life management. The report further evaluates market drivers, restraints, and investment potential, supported by an in-depth analysis of leading companies’ strategic initiatives, R&D activities, and regional growth outlook. This coverage ensures accurate assessment of future demand trends, production patterns, and evolving sustainability-driven market transitions in global aquafeed production.