Plant-based Fish Feed Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 3.5 Billion by 2033 at a CAGR of 15.4% from 2026 to 2033.
The global plant based fish feed market was valued at USD 1.6 billion in 2022 and is projected to grow at a CAGR of 9.6% during the forecast period from 2023 to 2030. This growth is driven by the increasing demand for sustainable and eco friendly alternatives to traditional fish feed, which is derived from animal products. The rising awareness about the environmental impact of fish farming, coupled with advancements in plant based feed formulations, is expected to further fuel market expansion. As fish farming practices become more sustainable, plant based fish feed offers a viable solution to reduce dependency on marine resources, such as fishmeal, which are often overexploited. With the growing shift toward plant based diets globally, the demand for plant based fish feed is also gaining momentum as a more ethical and sustainable option for aquaculture industries.
Regionally, Europe holds the largest market share in the plant based fish feed sector, with a market value of USD 0.6 billion in 2022, owing to the high adoption of sustainable farming practices and strict regulatory standards for aquaculture. North America is the second largest market, expected to reach USD 0.4 billion by 2025, driven by the increasing demand for sustainable seafood and the regions large aquaculture industry. The Asia Pacific region is experiencing the fastest growth rate, with a projected CAGR of 10.5% over the forecast period, due to the large scale aquaculture operations in countries like China and India, where there is a growing need to optimize feed efficiency and reduce production costs. Latin America and the Middle East & Africa regions are also expected to show notable growth in the coming years, driven by increasing aquaculture activities and the rising preference for plant based fish feed solutions.
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Cargill
ADM Animal Nutrition
MJI Universal
Tate & Lyle
Diana Aqua
Maschinenfabrik Reinartz GmbH
Kemin Industries
Skretting
BIOMIN Benelux
Aller Aqua
BioMar
Roquette
Prairie Aquatech
Green Plains
Duynie Ingredients
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plant-based Fish Feed Market
Algae
Legumes
Cereal Grains
Oilseeds
Other Plant-based Sources
Complete Feed
Supplemental Feed
Grower Feed
Starter Feed
Finisher Feed
Salmon
Tilapia
Catfish
Trout
Others (e.g., Carp, Bass)
Granules
Pellets
Powder
Liquid Feed
Extruded Feed
Aquaculture Farms
Fish Breeding Hatcheries
Research Institutions
Commercial Fish Farms
Retailers & Pet Stores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plant-based Fish Feed Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plant-based Fish Feed Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plant-based Fish Feed Market, By Type
6. Global Plant-based Fish Feed Market, By Application
7. Global Plant-based Fish Feed Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Plant-based Fish Feed Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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