The global AquaFeed market size is predicted to grow from US$ 37680 million in 2025 to US$ 56710 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
AquaFeed refers to specially formulated feed products designed for aquatic animals such as fish, shrimp, crabs, and other farmed marine or freshwater species. These feeds are developed to meet the nutritional needs of different species at various life stages, and typically contain a balanced mix of proteins, lipids, carbohydrates, vitamins, and minerals. AquaFeed is crucial in modern aquaculture as it directly influences the growth rate, feed conversion efficiency, health, and product quality of farmed aquatic animals. It comes in various forms such as pellets, crumbles, or extruded feeds, and is tailored for different feeding behaviors and aquatic environments.
The aquafeed market is experiencing strong growth driven by the rapid expansion of global aquaculture production, which has become a vital source of animal protein to meet rising food demand. With wild fish stocks under pressure, farmed seafood—such as shrimp, salmon, tilapia, and pangasius—has become increasingly important, pushing the need for efficient and nutritionally balanced feeds. Technological innovations in feed formulation, including the use of alternative protein sources like insect meal, plant-based ingredients, and fermented feedstocks, have improved feed conversion ratios and reduced dependency on fishmeal and fish oil. In addition, growing consumer demand for sustainable and traceable seafood has encouraged investment in eco-friendly and functional aquafeeds that support health, growth, and disease resistance in farmed species.
Despite strong demand, the aquafeed market faces several persistent challenges. Raw material price volatility, especially for key ingredients like fishmeal, soybean meal, and corn, creates cost pressure and impacts profit margins for feed manufacturers. Moreover, regulatory constraints regarding feed composition, antibiotic usage, and environmental impacts are becoming more stringent across major aquaculture-producing regions. Maintaining feed quality and nutritional precision while complying with local and international standards can increase complexity and cost. Additionally, disease outbreaks in aquaculture—such as early mortality syndrome (EMS) in shrimp or sea lice in salmon—can disrupt feed demand patterns and lead to production losses. These challenges highlight the need for innovation, cost optimization, and robust supply chain strategies in the aquafeed industry.
Global key players include Nutreco, Haid Group, Tongwei Group, BioMar, Cargill, CP Group, Evergreen Feed, New Hope Group, Grobest and Yuehai Feed, etc. Global top six players hold a share about 35 percent in 2024. In terms of application, the Fish Feed is the largest market, with a share over 55%.
The “AquaFeed Industry Forecast” looks at past sales and reviews total world AquaFeed sales in 2024, providing a comprehensive analysis by region and market sector of projected AquaFeed sales for 2025 through 2031. With AquaFeed sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world AquaFeed industry.
This Insight Report provides a comprehensive analysis of the global AquaFeed landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on AquaFeed portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global AquaFeed market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for AquaFeed and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global AquaFeed.
This report presents a comprehensive overview, market shares, and growth opportunities of AquaFeed market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Mash Feed
Pellet Feed
Extruded Feed
Other
Segmentation by Application:
Fish Feed
Shrimp Feed
Crab Feed
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Nutreco
Haid Group
Tongwei Group
BioMar
Cargill
CP Group
Evergreen Feed
New Hope Group
Grobest
Yuehai Feed
Ridley
Alpha Feed
Dibaq Aquaculture
DBN
Uni-President Vietnam
Aller Aqua
GreenFeed
Proconco
Avanti Feeds
Gold Coin
Vitapro
Tianma Tech
Nutriad International
Japfa Ltd
Alltech
Key Questions Addressed in this Report
What is the 10-year outlook for the global AquaFeed market?
What factors are driving AquaFeed market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do AquaFeed market opportunities vary by end market size?
How does AquaFeed break out by Type, by Application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global AquaFeed Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for AquaFeed by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for AquaFeed by Country/Region, 2020, 2024 & 2031
2.2 AquaFeed Segment by Type
2.2.1 Mash Feed
2.2.2 Pellet Feed
2.2.3 Extruded Feed
2.2.4 Other
2.3 AquaFeed Sales by Type
2.3.1 Global AquaFeed Sales Market Share by Type (2020-2025)
2.3.2 Global AquaFeed Revenue and Market Share by Type (2020-2025)
2.3.3 Global AquaFeed Sale Price by Type (2020-2025)
2.4 AquaFeed Segment by Application
2.4.1 Fish Feed
2.4.2 Shrimp Feed
2.4.3 Crab Feed
2.4.4 Other
2.5 AquaFeed Sales by Application
2.5.1 Global AquaFeed Sale Market Share by Application (2020-2025)
2.5.2 Global AquaFeed Revenue and Market Share by Application (2020-2025)
2.5.3 Global AquaFeed Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global AquaFeed Breakdown Data by Company
3.1.1 Global AquaFeed Annual Sales by Company (2020-2025)
3.1.2 Global AquaFeed Sales Market Share by Company (2020-2025)
3.2 Global AquaFeed Annual Revenue by Company (2020-2025)
3.2.1 Global AquaFeed Revenue by Company (2020-2025)
3.2.2 Global AquaFeed Revenue Market Share by Company (2020-2025)
3.3 Global AquaFeed Sale Price by Company
3.4 Key Manufacturers AquaFeed Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers AquaFeed Product Location Distribution
3.4.2 Players AquaFeed Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for AquaFeed by Geographic Region
4.1 World Historic AquaFeed Market Size by Geographic Region (2020-2025)
4.1.1 Global AquaFeed Annual Sales by Geographic Region (2020-2025)
4.1.2 Global AquaFeed Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic AquaFeed Market Size by Country/Region (2020-2025)
4.2.1 Global AquaFeed Annual Sales by Country/Region (2020-2025)
4.2.2 Global AquaFeed Annual Revenue by Country/Region (2020-2025)
4.3 Americas AquaFeed Sales Growth
4.4 APAC AquaFeed Sales Growth
4.5 Europe AquaFeed Sales Growth
4.6 Middle East & Africa AquaFeed Sales Growth
5 Americas
5.1 Americas AquaFeed Sales by Country
5.1.1 Americas AquaFeed Sales by Country (2020-2025)
5.1.2 Americas AquaFeed Revenue by Country (2020-2025)
5.2 Americas AquaFeed Sales by Type (2020-2025)
5.3 Americas AquaFeed Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC AquaFeed Sales by Region
6.1.1 APAC AquaFeed Sales by Region (2020-2025)
6.1.2 APAC AquaFeed Revenue by Region (2020-2025)
6.2 APAC AquaFeed Sales by Type (2020-2025)
6.3 APAC AquaFeed Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe AquaFeed by Country
7.1.1 Europe AquaFeed Sales by Country (2020-2025)
7.1.2 Europe AquaFeed Revenue by Country (2020-2025)
7.2 Europe AquaFeed Sales by Type (2020-2025)
7.3 Europe AquaFeed Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa AquaFeed by Country
8.1.1 Middle East & Africa AquaFeed Sales by Country (2020-2025)
8.1.2 Middle East & Africa AquaFeed Revenue by Country (2020-2025)
8.2 Middle East & Africa AquaFeed Sales by Type (2020-2025)
8.3 Middle East & Africa AquaFeed Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of AquaFeed
10.3 Manufacturing Process Analysis of AquaFeed
10.4 Industry Chain Structure of AquaFeed
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 AquaFeed Distributors
11.3 AquaFeed Customer
12 World Forecast Review for AquaFeed by Geographic Region
12.1 Global AquaFeed Market Size Forecast by Region
12.1.1 Global AquaFeed Forecast by Region (2026-2031)
12.1.2 Global AquaFeed Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global AquaFeed Forecast by Type (2026-2031)
12.7 Global AquaFeed Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Nutreco
13.1.1 Nutreco Company Information
13.1.2 Nutreco AquaFeed Product Portfolios and Specifications
13.1.3 Nutreco AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Nutreco Main Business Overview
13.1.5 Nutreco Latest Developments
13.2 Haid Group
13.2.1 Haid Group Company Information
13.2.2 Haid Group AquaFeed Product Portfolios and Specifications
13.2.3 Haid Group AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Haid Group Main Business Overview
13.2.5 Haid Group Latest Developments
13.3 Tongwei Group
13.3.1 Tongwei Group Company Information
13.3.2 Tongwei Group AquaFeed Product Portfolios and Specifications
13.3.3 Tongwei Group AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Tongwei Group Main Business Overview
13.3.5 Tongwei Group Latest Developments
13.4 BioMar
13.4.1 BioMar Company Information
13.4.2 BioMar AquaFeed Product Portfolios and Specifications
13.4.3 BioMar AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 BioMar Main Business Overview
13.4.5 BioMar Latest Developments
13.5 Cargill
13.5.1 Cargill Company Information
13.5.2 Cargill AquaFeed Product Portfolios and Specifications
13.5.3 Cargill AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Cargill Main Business Overview
13.5.5 Cargill Latest Developments
13.6 CP Group
13.6.1 CP Group Company Information
13.6.2 CP Group AquaFeed Product Portfolios and Specifications
13.6.3 CP Group AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 CP Group Main Business Overview
13.6.5 CP Group Latest Developments
13.7 Evergreen Feed
13.7.1 Evergreen Feed Company Information
13.7.2 Evergreen Feed AquaFeed Product Portfolios and Specifications
13.7.3 Evergreen Feed AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Evergreen Feed Main Business Overview
13.7.5 Evergreen Feed Latest Developments
13.8 New Hope Group
13.8.1 New Hope Group Company Information
13.8.2 New Hope Group AquaFeed Product Portfolios and Specifications
13.8.3 New Hope Group AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 New Hope Group Main Business Overview
13.8.5 New Hope Group Latest Developments
13.9 Grobest
13.9.1 Grobest Company Information
13.9.2 Grobest AquaFeed Product Portfolios and Specifications
13.9.3 Grobest AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Grobest Main Business Overview
13.9.5 Grobest Latest Developments
13.10 Yuehai Feed
13.10.1 Yuehai Feed Company Information
13.10.2 Yuehai Feed AquaFeed Product Portfolios and Specifications
13.10.3 Yuehai Feed AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Yuehai Feed Main Business Overview
13.10.5 Yuehai Feed Latest Developments
13.11 Ridley
13.11.1 Ridley Company Information
13.11.2 Ridley AquaFeed Product Portfolios and Specifications
13.11.3 Ridley AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Ridley Main Business Overview
13.11.5 Ridley Latest Developments
13.12 Alpha Feed
13.12.1 Alpha Feed Company Information
13.12.2 Alpha Feed AquaFeed Product Portfolios and Specifications
13.12.3 Alpha Feed AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Alpha Feed Main Business Overview
13.12.5 Alpha Feed Latest Developments
13.13 Dibaq Aquaculture
13.13.1 Dibaq Aquaculture Company Information
13.13.2 Dibaq Aquaculture AquaFeed Product Portfolios and Specifications
13.13.3 Dibaq Aquaculture AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Dibaq Aquaculture Main Business Overview
13.13.5 Dibaq Aquaculture Latest Developments
13.14 DBN
13.14.1 DBN Company Information
13.14.2 DBN AquaFeed Product Portfolios and Specifications
13.14.3 DBN AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 DBN Main Business Overview
13.14.5 DBN Latest Developments
13.15 Uni-President Vietnam
13.15.1 Uni-President Vietnam Company Information
13.15.2 Uni-President Vietnam AquaFeed Product Portfolios and Specifications
13.15.3 Uni-President Vietnam AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Uni-President Vietnam Main Business Overview
13.15.5 Uni-President Vietnam Latest Developments
13.16 Aller Aqua
13.16.1 Aller Aqua Company Information
13.16.2 Aller Aqua AquaFeed Product Portfolios and Specifications
13.16.3 Aller Aqua AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Aller Aqua Main Business Overview
13.16.5 Aller Aqua Latest Developments
13.17 GreenFeed
13.17.1 GreenFeed Company Information
13.17.2 GreenFeed AquaFeed Product Portfolios and Specifications
13.17.3 GreenFeed AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 GreenFeed Main Business Overview
13.17.5 GreenFeed Latest Developments
13.18 Proconco
13.18.1 Proconco Company Information
13.18.2 Proconco AquaFeed Product Portfolios and Specifications
13.18.3 Proconco AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Proconco Main Business Overview
13.18.5 Proconco Latest Developments
13.19 Avanti Feeds
13.19.1 Avanti Feeds Company Information
13.19.2 Avanti Feeds AquaFeed Product Portfolios and Specifications
13.19.3 Avanti Feeds AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Avanti Feeds Main Business Overview
13.19.5 Avanti Feeds Latest Developments
13.20 Gold Coin
13.20.1 Gold Coin Company Information
13.20.2 Gold Coin AquaFeed Product Portfolios and Specifications
13.20.3 Gold Coin AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 Gold Coin Main Business Overview
13.20.5 Gold Coin Latest Developments
13.21 Vitapro
13.21.1 Vitapro Company Information
13.21.2 Vitapro AquaFeed Product Portfolios and Specifications
13.21.3 Vitapro AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 Vitapro Main Business Overview
13.21.5 Vitapro Latest Developments
13.22 Tianma Tech
13.22.1 Tianma Tech Company Information
13.22.2 Tianma Tech AquaFeed Product Portfolios and Specifications
13.22.3 Tianma Tech AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.22.4 Tianma Tech Main Business Overview
13.22.5 Tianma Tech Latest Developments
13.23 Nutriad International
13.23.1 Nutriad International Company Information
13.23.2 Nutriad International AquaFeed Product Portfolios and Specifications
13.23.3 Nutriad International AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.23.4 Nutriad International Main Business Overview
13.23.5 Nutriad International Latest Developments
13.24 Japfa Ltd
13.24.1 Japfa Ltd Company Information
13.24.2 Japfa Ltd AquaFeed Product Portfolios and Specifications
13.24.3 Japfa Ltd AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.24.4 Japfa Ltd Main Business Overview
13.24.5 Japfa Ltd Latest Developments
13.25 Alltech
13.25.1 Alltech Company Information
13.25.2 Alltech AquaFeed Product Portfolios and Specifications
13.25.3 Alltech AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
13.25.4 Alltech Main Business Overview
13.25.5 Alltech Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
