Global Aquafeed Market is projected to reach a value of over USD 79.4 billion by 2027

4 min readAug 31, 2020

Aquafeed Market: Summary

The Global Aquafeed Market is projected to reach a value of over USD 79.4 billion by 2027 at a CAGR of around 6.7%.

Aquafeeds are meals prepared for aquatic animals by mixing raw materials and additives. These blends are prepared according to the specific requirementsof the species and age of the animal. Nutritional, immune resistant, and growth-promoting properties of aquafeed haveincreased its importance in the aquaculture industry. High-quality aquafeed is exponentially more beneficial to fish, molluscs, crustaceans & other aquatic animals than farm-made feed due to their balanced and need specific composition.

Aquafeed Market: Drivers & Challenges

Market Driver:

  • Growing Aquaculture Industry

Growth in the aquaculture industry has expected to boost the demand for the aquafeed market during the forecasted period. This is attributed to the increased production of food for human consumption, the opening of commercially viable business opportunities, increased national exports, and need for substitution of imports by local production. According to the Food & Agriculture Organization of the United Nations, in 2018, total global capture fisheries production reached the highest level ever recorded at 96.4 million tones.

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Market Restraint:

  • Regulatory Framework & Interference

Global development of aquaculture has resulted in increasing concerns about the environmental impact which may hinder the growth of the aquafeed market. Environmental degradation from aquaculture has been reported and negatively affected which includes organic population and eutrophication, a buildup of excess nutrients and waste in the ecosystem. Thus, to control this impact and maintain the supply of aquafeed, governments have imposed various regulations. For instance, under the Fisheries Act, B.E. 2558 (2015), Department of Fisheries is authorized to address aquaculture sustainability, including food safety, animal health and welfare, environmental integrity, social and community welfare and regulation of fishing activities.

Aquafeed Market: Key Segments

  • Segmentation based onadditives: Minerals, Vitamins, Antioxidants,Enzymes, Amino Acid, Acidifiers,andOthers.
  • Segmentation based on application: Fish, Mollusks, Crustaceans, and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

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Aquafeed Market: Report Scope

The report on the aquafeed market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2021–2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Tons)

Segments Included

Additives, Ingredients, Form, Lifecycle Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • ADM Animal Nutrition (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Ridley Corporation Limited
  • Cargill, Incorporated
  • Nutreco N.V.
  • Alltech
  • Purina Animal Nutrition LLC
  • Hatch Accelerator Holding Limited
  • Aller Aqua Group
  • Norel Animal Nutrition
  • Avanti Feeds Ltd.
  • DE HEUS.
  • Biostadt India Limited
  • Sonac
  • Japfa Comfeed Indonesia Tbk
  • Charoen Pokphand Foods PCL
  • Growel Feeds
  • Kent Nutrition Group
  • Marvesa
  • Other Key Companies

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Aquafeed Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Aquafeed Market, by Additives

  • Minerals
  • Vitamins
  • Antioxidants
  • Enzymes
  • Amino Acid
  • Acidifiers
  • Others

Aquafeed Market, by Ingredients

  • Soybean
  • Soybean Meal
  • Soy Oil
  • Soy Lecithin
  • Corn
  • Fish Meal
  • Fish Oil
  • Others

Aquafeed Market, by Form

  • Wet
  • Moist
  • Dry

Aquafeed Market, by Lifecycle

  • Grower Feed
  • Finisher Feed
  • Starter Feed
  • Brooder Feed

Aquafeed Market, by Application

  • Fish
  • Crap
  • Tilapia
  • Catfish
  • Salmon
  • Others
  • Meat Substitute
  • Oyster
  • Mussel
  • Others
  • Crustaceans
  • Shrimp
  • Crap
  • Others
  • Others

Aquafeed Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL AQUAFEED MARKET BY ADDITIVES, Market Size in USD Million & Volume in Tons (2019–2027)

7 GLOBAL AQUAFEED MARKET BY INGREDIENTS, Market Size in USD Million & Volume in Tons (2019–2027)

8 GLOBAL AQUAFEED MARKET BY FORM, Market Size in USD Million & Volume in Tons (2019–2027)

9 GLOBAL AQUAFEED MARKET BY LIFECYCLE, Market Size in USD Million & Volume in Tons (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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