AquaFeed Market Revenue was valued at USD 63.5 Billion in 2024 and is estimated to reach USD 100.0 Billion by 2033, growing at a CAGR of 5.4% from 2026 to 2033.
In 2022, the global AquaFeed market was valued at approximately USD 66.50 billion and is projected to reach USD 103.20 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.6% during the forecast period. This growth is driven by the increasing global population, expansion of the aquaculture industry, and rising fish and seafood consumption. Additionally, heightened nutritional awareness and the adoption of specialized aqua feed formulations contribute to market expansion. However, challenges such as the rising cost of raw materials and environmental concerns associated with aquaculture may restrain growth. Regionally, Asia Pacific holds the dominant position in the AquaFeed market, with countries like China, India, and Vietnam leading in aquaculture production. In 2022, Asia Pacifics aqua feed production exceeded 38 million tons, reflecting a growth of over 2.6% from the previous year. North America also experienced growth, with a 1.1% rise in aquaculture feed tonnage in 2022, attributed to factors like favorable weather conditions and the removal of size restrictions. Latin America stands as the worlds second largest aqua feed producer, generating approximately 5.6 million tons in 2021. These regional trends highlight the global expansion of the AquaFeed market, presenting opportunities for investment and development in sustainable and innovative feed solutions.
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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
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 AquaFeed Market
Floating Feed
Sinking Feed
Extruded Feed
Pelleted Feed
Other Forms (e.g., mash, crumble)
Fishmeal
Fish Oil
Vegetable Proteins
Cereals and Grains
Additives (e.g., vitamins, minerals)
Aquaculture Farms
Fish Breeding Centers
Research Institutes
Commercial Aquariums
Others (e.g., hobbyists)
Finfish
Crustaceans
Mollusks
Shellfish
Other Aquatic Species
Grow-Out Feeds
Starter Feeds
Broodstock Feeds
Specialty Feeds (e.g., for health, production)
Research & Development Feeds
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 AquaFeed 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 AquaFeed Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global AquaFeed Market, By Type
6. Global AquaFeed Market, By Application
7. Global AquaFeed Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global AquaFeed Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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