Fish Feed - Global Strategic Business Report

The global market for Fish Feed was estimated at US$110.9 Billion in 2024 and is projected to reach US$164.7 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Fish Feed market.

Global Fish Feed Market - Key Trends & Drivers Summarized

How Is the Fish Feed Industry Evolving with Innovation in Aquaculture?

The fish feed market is undergoing transformative shifts in response to the rapid intensification of aquaculture and the increasing pressure to meet sustainability benchmarks. Traditionally reliant on fishmeal and fish oil derived from wild-caught fish, the industry is transitioning toward alternative protein sources such as insect meal, microbial protein, algae-based ingredients, and plant-derived substitutes. This change is not only cost-motivated but also driven by environmental and regulatory imperatives. Start-ups and established feed manufacturers alike are leveraging biotechnological tools to enhance digestibility, optimize feed conversion ratios, and reduce the ecological footprint of aquafeeds.

Additionally, the growing popularity of carnivorous species such as salmon, trout, and seabass, which demand protein-rich feed, has prompted the formulation of specialized feed types catering to species-specific nutritional profiles. Feed customization is becoming a competitive differentiator, with companies deploying advanced R&D capabilities to deliver feeds tailored for different growth stages, water temperatures, and farming environments. This trend is especially prevalent in regions witnessing a surge in intensive aquaculture, where productivity and disease management are of critical concern.

What Role Does Precision Nutrition Play in Shaping Feed Formulations?

Precision nutrition is reshaping fish feed production, aiming to deliver targeted health benefits and enhance production efficiency. Formulators are employing data analytics, metabolomics, and gut microbiome profiling to develop feeds that optimize metabolic performance, immune response, and nutrient absorption. Functional ingredients such as probiotics, prebiotics, phytogenics, and immunostimulants are increasingly incorporated into feed blends to reduce dependency on antibiotics and chemical treatments, which aligns with global sustainability goals and food safety regulations.

Another growing aspect of precision nutrition is the move toward personalized aquafeed solutions that account for site-specific and breed-specific requirements. This is supported by the integration of aquaculture management software and digital feed monitoring systems, which enable real-time assessment of feed utilization and fish health parameters. Such innovations help minimize feed wastage and water contamination, thereby lowering operating costs and enhancing sustainability credentials. Feed manufacturers are also focusing on pellet durability and water stability to reduce nutrient leaching and preserve feed integrity under variable farming conditions.

Which End-Use Developments Are Driving Demand Diversification?

Aquaculture diversification is driving the need for a broader array of fish feed products across different market segments. While marine species continue to be the dominant consumers of high-performance feed, freshwater species such as tilapia, catfish, and carp are gaining prominence due to their adaptability to varied farming systems. This shift is particularly noticeable in Asia-Pacific and parts of Latin America, where the push for low-cost, protein-rich diets is creating a robust demand for floating and sinking feed variants tailored to regional species.

Integrated aquaculture models such as fish-rice farming and aquaponics are also creating demand for feed products with minimal environmental discharge and enhanced nutrient retention. In parallel, ornamental fish feed is emerging as a niche but high-value segment, necessitating aesthetically appealing and nutritionally balanced micro-pellets. Additionally, recirculating aquaculture systems (RAS), which require highly controlled environments, are influencing feed specifications to reduce ammonia emissions and maximize nutrient uptake under low-flow conditions. Such end-use developments are reshaping feed manufacturing priorities, encouraging innovation in feed delivery technologies such as auto-feeders and programmable dispersal systems.

What Are the Concrete Factors Fueling the Growth of the Fish Feed Market?

The growth in the fish feed market is driven by several factors rooted in aquaculture intensification, technological advancements, and species diversification. A significant driver is the rising global consumption of fish protein, which is pushing aquafarms to scale up production, thereby increasing feed demand. Parallelly, the shift toward sustainable and traceable feed ingredients such as algal oils and insect meals is gaining traction as feed formulators respond to ecological concerns and regulatory scrutiny.

Furthermore, the adoption of smart aquaculture technologies, including IoT-based feeding systems, AI-powered farm monitoring, and automated feeding algorithms, is transforming how feed is administered, improving efficiency and reducing loss. Regulatory bans on antibiotics and medicated feed in several countries have accelerated the adoption of health-oriented functional feeds. Additionally, the proliferation of aquaculture clusters and public-private investments in feed manufacturing infrastructure particularly in emerging markets are creating favorable conditions for supply chain expansion. The rising emphasis on feed quality, traceability, and performance metrics will continue to steer market momentum, making fish feed a pivotal component of the evolving blue economy.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Plant Based segment, which is expected to reach US$97.9 Billion by 2030 with a CAGR of a 7.5%. The Fish & Fish Products segment is also set to grow at 5.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $30.2 Billion in 2024, and China, forecasted to grow at an impressive 10.8% CAGR to reach $34.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Fish Feed Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Fish Feed Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Fish Feed Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ADM (Archer Daniels Midland), Alltech Inc., Aller Aqua Group, Avanti Feeds Limited, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 34 companies featured in this Fish Feed market report include:

• ADM (Archer Daniels Midland)
• Alltech Inc.
• Aller Aqua Group
• Avanti Feeds Limited
• BioMar Group
• Bio-Oregon
• BRF S.A.
• Cargill Incorporated
• Cermaq Group AS
• Charoen Pokphand Foods PCL
• Coppens International BV
• De Heus Animal Nutrition
• EWOS (part of Cargill)
• ForFarmers N.V.
• Guangdong Haid Group Co., Ltd.
• Hanpel Tech Co. Ltd
• Japfa Ltd
• Kemin Industries Inc.
• Land O’Lakes
• Maruha Nichiro Corporation

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.