Fish Feed

Global Fish Feed Market to Reach US$164.7 Billion by 2030

The global market for Fish Feed estimated at US$110.9 Billion in the year 2024, is expected to reach US$164.7 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2024-2030. Plant Based, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$97.9 Billion by the end of the analysis period. Growth in the Fish & Fish Products segment is estimated at 5.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$30.2 Billion While China is Forecast to Grow at 10.8% CAGR

The Fish Feed market in the U.S. is estimated at US$30.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$34.4 Billion by the year 2030 trailing a CAGR of 10.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Global Fish Feed Market – Key Trends & Drivers Summarized

How Is the Fish Feed Industry Evolving with Innovation in Aquaculture?
The fish feed market is undergoing transformative shifts in response to the rapid intensification of aquaculture and the increasing pressure to meet sustainability benchmarks. Traditionally reliant on fishmeal and fish oil derived from wild-caught fish, the industry is transitioning toward alternative protein sources such as insect meal, microbial protein, algae-based ingredients, and plant-derived substitutes. This change is not only cost-motivated but also driven by environmental and regulatory imperatives. Start-ups and established feed manufacturers alike are leveraging biotechnological tools to enhance digestibility, optimize feed conversion ratios, and reduce the ecological footprint of aquafeeds.

Additionally, the growing popularity of carnivorous species such as salmon, trout, and seabass, which demand protein-rich feed, has prompted the formulation of specialized feed types catering to species-specific nutritional profiles. Feed customization is becoming a competitive differentiator, with companies deploying advanced R&D capabilities to deliver feeds tailored for different growth stages, water temperatures, and farming environments. This trend is especially prevalent in regions witnessing a surge in intensive aquaculture, where productivity and disease management are of critical concern.

What Role Does Precision Nutrition Play in Shaping Feed Formulations?
Precision nutrition is reshaping fish feed production, aiming to deliver targeted health benefits and enhance production efficiency. Formulators are employing data analytics, metabolomics, and gut microbiome profiling to develop feeds that optimize metabolic performance, immune response, and nutrient absorption. Functional ingredients—such as probiotics, prebiotics, phytogenics, and immunostimulants—are increasingly incorporated into feed blends to reduce dependency on antibiotics and chemical treatments, which aligns with global sustainability goals and food safety regulations.

Another growing aspect of precision nutrition is the move toward personalized aquafeed solutions that account for site-specific and breed-specific requirements. This is supported by the integration of aquaculture management software and digital feed monitoring systems, which enable real-time assessment of feed utilization and fish health parameters. Such innovations help minimize feed wastage and water contamination, thereby lowering operating costs and enhancing sustainability credentials. Feed manufacturers are also focusing on pellet durability and water stability to reduce nutrient leaching and preserve feed integrity under variable farming conditions.

Which End-Use Developments Are Driving Demand Diversification?
Aquaculture diversification is driving the need for a broader array of fish feed products across different market segments. While marine species continue to be the dominant consumers of high-performance feed, freshwater species such as tilapia, catfish, and carp are gaining prominence due to their adaptability to varied farming systems. This shift is particularly noticeable in Asia-Pacific and parts of Latin America, where the push for low-cost, protein-rich diets is creating a robust demand for floating and sinking feed variants tailored to regional species.

Integrated aquaculture models—such as fish-rice farming and aquaponics—are also creating demand for feed products with minimal environmental discharge and enhanced nutrient retention. In parallel, ornamental fish feed is emerging as a niche but high-value segment, necessitating aesthetically appealing and nutritionally balanced micro-pellets. Additionally, recirculating aquaculture systems (RAS), which require highly controlled environments, are influencing feed specifications to reduce ammonia emissions and maximize nutrient uptake under low-flow conditions. Such end-use developments are reshaping feed manufacturing priorities, encouraging innovation in feed delivery technologies such as auto-feeders and programmable dispersal systems.

What Are the Concrete Factors Fueling the Growth of the Fish Feed Market?
The growth in the fish feed market is driven by several factors rooted in aquaculture intensification, technological advancements, and species diversification. A significant driver is the rising global consumption of fish protein, which is pushing aquafarms to scale up production, thereby increasing feed demand. Parallelly, the shift toward sustainable and traceable feed ingredients—such as algal oils and insect meals—is gaining traction as feed formulators respond to ecological concerns and regulatory scrutiny.

Furthermore, the adoption of smart aquaculture technologies, including IoT-based feeding systems, AI-powered farm monitoring, and automated feeding algorithms, is transforming how feed is administered, improving efficiency and reducing loss. Regulatory bans on antibiotics and medicated feed in several countries have accelerated the adoption of health-oriented functional feeds. Additionally, the proliferation of aquaculture clusters and public-private investments in feed manufacturing infrastructure—particularly in emerging markets—are creating favorable conditions for supply chain expansion. The rising emphasis on feed quality, traceability, and performance metrics will continue to steer market momentum, making fish feed a pivotal component of the evolving blue economy.

SCOPE OF STUDY:

The report analyzes the Fish Feed market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Plant Based, Fish & Fish Products, Microorganism); Form (Pellet Form, Granules Form, Flakes Form, Sticks Form, Powder Form); Distribution Channel (Retail Distribution Channel, Store Based Distribution Channel, Online Distribution Channel)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• ADM (Archer Daniels Midland)
• Alltech Inc.
• Aller Aqua Group
• Avanti Feeds Limited
• BioMar Group
• Bio-Oregon
• BRF S.A.
• Cargill Incorporated
• Cermaq Group AS
• Charoen Pokphand Foods PCL
• Coppens International BV
• De Heus Animal Nutrition
• EWOS (part of Cargill)
• ForFarmers N.V.
• Guangdong Haid Group Co., Ltd.
• Hanpel Tech Co. Ltd
• Japfa Ltd
• Kemin Industries Inc.
• Land O’Lakes
• Maruha Nichiro Corporation

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