Aquafeed Market Size, Share, and Growth Analysis, By Ingredient (Soybean, Fishmeal), By Species (Fish, Crustaceans), By Form, By Lifecycle, By Function, By Distribution Channel, By Region - Industry Forecast 2026-2033

Global Aquafeed Market size was valued at USD 90.37 Billion in 2024 and is poised to grow from USD 95.52 Billion in 2025 to USD 148.84 Billion by 2033, growing at a CAGR of 5.7% during the forecast period (2026-2033).

The global aquafeed market is experiencing robust growth fueled by increased seafood consumption and rising per capita incomes. Seafood offers vital nutrients without harmful carbohydrates, promoting heart health and driving consumer demand. Acknowledging these health advantages and the importance of sustainable aquaculture practices, aquafeed is crucial for expanding aquaculture industries, thereby enhancing food security. The reliance on farm-raised fish necessitates high-quality feed, particularly as wild fish stocks dwindle. Stricter environmental regulations further emphasize the need for eco-friendly and sustainable feed solutions. Innovative advancements in feed formulation are enhancing digestibility and nutrient absorption, presenting growth opportunities. Additionally, the interest in aquaculture in non-traditional regions allows aquafeed producers to diversify their markets and contribute to global food security.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Aquafeed market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Aquafeed Market Segments Analysis

Global Aquafeed Market is segmented by Ingredient, Additive, Species, Form, Lifecycle, Function, Distribution Channel and region. Based on Ingredient, the market is segmented into Soybean, Fishmeal, Corn, Fish Oil and Additives. Based on Additive, the market is segmented into Amino Acids, Vitamins and Minerals, Probiotics and Prebiotics, Enzymes, Antibiotics and Antioxidants. Based on Species, the market is segmented into Fish, Crustaceans and Mollusks. Based on Form, the market is segmented into Dry Form, Wet Form and Moist Form. Based on Lifecycle, the market is segmented into Grower Feed, Finisher Feed, Starter Feed and Brooder Feed. Based on Function, the market is segmented into Health, Digestion, Palatability and Special Nutrition. Based on Distribution Channel, the market is segmented into Direct Sales, Indirect Sales, Hypermarket/Supermarket, Wholesalers, Specialty Stores, Online and Other Retail Formats. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Aquafeed Market

The global aquafeed market is driven by the rising popularity of fish as a healthier alternative to other meats like beef and poultry, as it is low in fat and rich in essential proteins and vitamins. The increasing availability of diverse fish species in retail outlets has led to a surge in fish consumption, enhancing the demand for fish and fish products intended for direct human consumption. Furthermore, the extraction of omega-3 fatty acids from various fish species, including salmon and tuna, underscores the nutritional value of these products, contributing to the overall growth of the aquafeed industry and its market potential.

Restraints in the Global Aquafeed Market

The Global Aquafeed market faces challenges primarily due to the reliance on additives like fishmeal and fish oil, which are essential for aquafeed production. However, the growing scarcity of captured fish has led to significant price fluctuations in fishmeal, which could hinder market growth. Consequently, there is a rising trend towards plant-based additives as alternatives in aquafeed formulations. These ongoing fluctuations in raw material availability and pricing may adversely impact the stability and expansion of the aquafeed market, as fishmeal remains a fundamental component in the production process, thus highlighting the need for diversification in raw material sourcing.

Market Trends of the Global Aquafeed Market

The Global Aquafeed market is witnessing a significant trend towards rapid innovation in feed formulation, driven by advancements in precision feeding and functional additives. Precision feeding technologies enable tailored nutrient delivery that aligns with the specific requirements of various aquatic species, resulting in enhanced feed conversion rates and minimized waste. Moreover, the integration of functional additives like probiotics, enzymes, and vitamins is gaining momentum, as these compounds boost the health and growth of farmed fish and other aquatic organisms. This trend underscores the industry's commitment to improving productivity while promoting sustainable aquaculture practices and meeting increasing global seafood demand.