SkyQuest Technology Group has recently published a comprehensive Fish Feed Market report, offering a detailed analysis of the product landscape and industry scope while providing insights into the market outlook and future trends from 2025 to 2032. The key factors promoting the growth of the fish feed market are increasing population, rapid urbanization, and rising income of people. The presence of high disposable income and the increase in popularity of multiple international cuisines propels the need for new dishes made of a variety of fishes, thereby augmenting the demand for fish feed.
Fish Feed Market size was valued at USD 123.86 Billion in 2023 and is poised to grow from USD 133.4 Billion in 2024 to USD 241.46 Billion by 2032, growing at a CAGR of 7.7% during the forecast period (2025-2032).
The consumption of fish has increased significantly in the last few years due to some of its benefits such as low carbon footprint, high per-unit yield, and unique protein content. These help to expand this market in the coming years. Manufacturers have varying composition of fish feed ingredients for different markets such as aquarium market and ornamental market which help them to broaden their consumer base.
The demand for fish feed is increased due to increasing aquaculture production. To meet this demand, this industry is constantly evolving and producing new products. The latest trends include the use of alternative protein and algae as well as the development of specialized feeds for different species.
Get a Free Sample PDF of the Report – https://www.skyquestt.com/sample-request/fish-feed-market
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Fish Feed Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Fish Feed Market is segmented by type, ingredient, additives, form, feed, species, end use application, distribution channel and region.
Based on type, the market is segmented into ray-finned fish feed, mackerel feed, ribbon fish feed, cuttle fish feed and other.
Based on ingredient, the market is segmented into corn, soyabean, fish oil, fish meal and other.
Based on additives, the market is segmented into vitamins, antibiotics, amino acid, antioxidants, enzyme, probiotics & prebiotics and other.
Based on form, the market is segmented into pellet, granules, flakes, sticks and powder.
Based on feed, the market is segmented into starter feed, grower feed, finisher feed and brooder feed.
Based on species, the market is segmented into tilapia, salmon, carp, trout and other.
Based on end use application, the market is segmented into commercial and house hold.
Based on distribution channel, the market is segmented into B2B and B2C.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Fish Feed Market – Regional Analysis:
North America is expected to dominate the fish feed market during the forecast period owing to the presence of large fish farms for aquaculture. The United States has a significant demand for seafood as aquatic items occupy a specific position in the market. The growth of this market in this country is driven by population growth, rising income, and rapid urbanization. To meet the high demand for this product, nearly half of the raw material necessary is imported from other regions.
Asia Pacific is expected to grow at the fastest rate during the forecast period. The growth of this market is attributed to excessive consumption of fish in countries of the far East such as Korea and Japan, Bangladesh, and some parts of Eastern India. In this region, aquaculture is practiced on a large scale as fish is staple food for several countries. In China, the consumption of fish is increased due to increasing disposable incomes of people. China is the highest exporter of seafood.
Top Market Players in Fish Feed Market are:
Cargill, Incorporated (USA)
Nutreco N.V. (Netherlands)
BioMar Group (Denmark)
Archer Daniels Midland Company (ADM) (USA)
Skretting AS (Norway)
Aller Aqua Group (Denmark)
Zeigler Bros., Inc. (USA)
Biomin Holding GmbH (Austria)
Alltech Coppens (Netherlands)
Ridley Corporation Limited (Australia)
Charoen Pokphand Foods PCL (CP Foods) (Thailand)
Tongwei Co., Ltd. (China)
Guangdong Haid Group Co., Ltd. (China)
New Hope Group (China)
Avanti Feeds Limited (India)
Kumar Group (India)
Godrej Agrovet Ltd. (India)
Usha Martin Ltd. (India)
Mowi ASA (Norway)
Cermaq Group AS (Norway)
Recent Developments:
In January 2024, Sebol, a subsidiary of the ETSA Group, unveiled plans for a cutting-edge industrial unit in Coruche, Portugal, marking a significant leap in sustainability and innovation within the aquaculture sector. Fuelled by the recovery and resilience plan (PRR) and a €15.4 million investment aligned with the blue bioeconomy pact, the facility is a key component of the Pep4Fish project, focusing on large-scale production of protein hydrolysates designed for fish feed.
In January 2024, Assam’s Fisheries Minister inaugurated state-of-the-art large fish feed mill with a capacity of 2-3 tonnes per hour. Constructed under CSS scheme at a total cost of INR 199.50 lakhs, the fish feed mill is poised to meet the increasing demand for fish feed locally.
In October 2023, Thai Union-backed aquaculture technology company HydroNeo partnered with Thailand-based novel feed startup Full Circle Biotechnology. The partnership will see Full Circle provide HydroNeo with insect-based shrimp feed additive.
You may Also Like
https://issuu.com/blonde.gayal/docs/tobacco_market_to_reach_usd_1117.77_billion_by_203
https://issuu.com/hapucy/docs/aroma_chemicals_market.docx
Forward-Looking Insights
The Fish Feed Market is set to experience sustained growth, fueled by technological advancements, broader market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing health and economic progress.
About Company:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact Details:
SkyQuest Technology Group
USA (+1) 351-333-4748
Email: [email protected]
