Fish Feed Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, Segmented By Product, By Form, By Distribution Channel, By Region, Competition, 2020-2030F

Description

The Global Fish Feed Market, valued at USD 107.46 Billion in 2024, is projected to experience a CAGR of 9.07% to reach USD 180.92 Billion by 2030. Fish feed constitutes a specialized nutritional formulation designed to meet the dietary requirements of farmed aquatic animals, ensuring optimal growth, health, and efficient feed conversion. The market's expansion is primarily driven by the escalating global demand for seafood, fueled by population growth and increasing per capita consumption worldwide.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 107.46 Billion
Market Size 2030	USD 180.92 Billion
CAGR 2025-2030	9.07%
Fastest Growing Segment	Fish & Fish Products
Largest Market	Asia Pacific

Key Market Drivers

The global fish feed market is primarily propelled by expanding global aquaculture production and rising worldwide seafood consumption. Aquaculture now serves as the foremost source of aquatic animal protein, crucial for meeting global food needs. According to the FAO's "The State of World Fisheries and Aquaculture 2024" report, global aquaculture production reached an unprecedented 130.9 million tonnes in 2022, surpassing capture fisheries for the first time. This significant growth in farmed aquatic animals directly fuels demand for specialized aquafeed, essential for optimizing growth and feed conversion efficiency. Concurrently, increasing global seafood consumption reinforces the need for expanded production.

Key Market Challenges

The volatility of raw material prices presents a notable challenge hampering the growth of the Global Fish Feed Market. The market relies heavily on marine-derived ingredients like fishmeal and fish oil, whose supply is susceptible to environmental factors and unpredictable fishing yields. According to the International Fishmeal and Fish Oil Organization (IFFO), global fishmeal production experienced a 23% decrease in 2023 compared to 2022, largely attributed to the El Nino phenomenon affecting key producing regions. This reduction in available raw materials directly impacts the stability and cost-effectiveness of feed production.

Key Market Trends

The integration of sustainable alternative proteins and lipids into aquafeed formulations represents a critical trend. This shift is driven by the increasing need to reduce reliance on marine-derived ingredients, which face supply constraints and environmental concerns. According to Alltech's 2025 Agri-Food Outlook, global aquafeed production experienced a slight decline of 1.1% in 2024, reaching 52.966 million metric tons, continuing a downward trend from the previous year. This decline underscores the urgency for robust, sustainable alternatives. In May 2024, Goterra partnered with Skretting Australia to validate the incorporation of Australian insect protein into aquaculture feeds, highlighting industry efforts to develop novel, environmentally sound ingredients. The long-term market growth depends on the successful scaling and cost-effectiveness of these innovative protein and lipid sources.

Key Market Players

Cargill Inc.
Zeigler Bros., Inc.
Archer Daniels Midlands Company
Altech Inc
Skretting AS
Aller Aqua A/S
Sonac B.V.
BioMar Group
Nutreco N.V.
Biomin Holding GmbH

Report Scope:

In this report, the Global Fish Feed Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Fish Feed Market, By Product:

Plant Based
Fish & Fish Products
Microorganism

Fish Feed Market, By Form:

Pellet
Granules
Flakes
Sticks
Powder

Fish Feed Market, By Distribution Channel:

Retail Stores
Store Based
Online Retail

Fish Feed Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Fish Feed Market.

Available Customizations:

Global Fish Feed Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Fish Feed Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Product (Plant Based, Fish & Fish Products, Microorganism)
- 5.2.2. By Form (Pellet, Granules, Flakes, Sticks, Powder)
- 5.2.3. By Distribution Channel (Retail Stores, Store Based, Online Retail)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
5.3. Market Map

6. North America Fish Feed Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Form
- 6.2.3. By Distribution Channel
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Fish Feed Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Product
    - 6.3.1.2.2. By Form
    - 6.3.1.2.3. By Distribution Channel
- 6.3.2. Canada Fish Feed Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Product
    - 6.3.2.2.2. By Form
    - 6.3.2.2.3. By Distribution Channel
- 6.3.3. Mexico Fish Feed Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Product
    - 6.3.3.2.2. By Form
    - 6.3.3.2.3. By Distribution Channel

7. Europe Fish Feed Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Form
- 7.2.3. By Distribution Channel
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Fish Feed Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Product
    - 7.3.1.2.2. By Form
    - 7.3.1.2.3. By Distribution Channel
- 7.3.2. France Fish Feed Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Product
    - 7.3.2.2.2. By Form
    - 7.3.2.2.3. By Distribution Channel
- 7.3.3. United Kingdom Fish Feed Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Product
    - 7.3.3.2.2. By Form
    - 7.3.3.2.3. By Distribution Channel
- 7.3.4. Italy Fish Feed Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Product
    - 7.3.4.2.2. By Form
    - 7.3.4.2.3. By Distribution Channel
- 7.3.5. Spain Fish Feed Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Product
    - 7.3.5.2.2. By Form
    - 7.3.5.2.3. By Distribution Channel

8. Asia Pacific Fish Feed Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Form
- 8.2.3. By Distribution Channel
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Fish Feed Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Product
    - 8.3.1.2.2. By Form
    - 8.3.1.2.3. By Distribution Channel
- 8.3.2. India Fish Feed Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Product
    - 8.3.2.2.2. By Form
    - 8.3.2.2.3. By Distribution Channel
- 8.3.3. Japan Fish Feed Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Product
    - 8.3.3.2.2. By Form
    - 8.3.3.2.3. By Distribution Channel
- 8.3.4. South Korea Fish Feed Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Product
    - 8.3.4.2.2. By Form
    - 8.3.4.2.3. By Distribution Channel
- 8.3.5. Australia Fish Feed Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Product
    - 8.3.5.2.2. By Form
    - 8.3.5.2.3. By Distribution Channel

9. Middle East & Africa Fish Feed Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Form
- 9.2.3. By Distribution Channel
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Fish Feed Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Product
    - 9.3.1.2.2. By Form
    - 9.3.1.2.3. By Distribution Channel
- 9.3.2. UAE Fish Feed Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Product
    - 9.3.2.2.2. By Form
    - 9.3.2.2.3. By Distribution Channel
- 9.3.3. South Africa Fish Feed Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Product
    - 9.3.3.2.2. By Form
    - 9.3.3.2.3. By Distribution Channel

10. South America Fish Feed Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Form
- 10.2.3. By Distribution Channel
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Fish Feed Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Product
    - 10.3.1.2.2. By Form
    - 10.3.1.2.3. By Distribution Channel
- 10.3.2. Colombia Fish Feed Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Product
    - 10.3.2.2.2. By Form
    - 10.3.2.2.3. By Distribution Channel
- 10.3.3. Argentina Fish Feed Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Product
    - 10.3.3.2.2. By Form
    - 10.3.3.2.3. By Distribution Channel

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Fish Feed Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Cargill Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Zeigler Bros., Inc.
15.3. Archer Daniels Midlands Company
15.4. Altech Inc
15.5. Skretting AS
15.6. Aller Aqua A/S
15.7. Sonac B.V.
15.8. BioMar Group
15.9. Nutreco N.V.
15.10. Biomin Holding GmbH