Aquafeed Market Demand, Outlook, Growth, Driving Players and Industry Analysis Report 2026

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Aquafeed or also known as commercial fish feed is an important part of commercial agriculture that provides balanced nutrition needed by farmed fish. The feeds, which is available in the form of granules or pellets, provides nutrition in concentrated or stable form that helps the fish to grow efficiently to their full potential. Aquaculture is an increasingly important means of food production that encompasses farming of aquatic species. Ingredients from marine and land animals and plants are used as aquafeed ingredients. Aquafeed is essential for aquaculture sector owing to various benefits associated to it such as nutrition and immune resistant.

Market Dynamics- Drivers

Growing aquaculture industry worldwide is expected to drive growth of the global aquafeed market over the forecast period. For instance, according to Food and Agriculture Organization of the United Nations (FAO), the global aquaculture production reached 106 million ton in 2015.

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Furthermore, proactive government initiatives to support aquaculture sector is expected to fuel the global aquafeed market growth over the forecast period. For instance, in New Zealand, the government supports sustainable aquaculture growth and is committed to help industry achieve goal of US$ 1 Bn in annual sales by 2025.

Market Dynamics- Restraints

However, there are stringent policies to manage aquaculture, which in turn, is expected to restrain growth of the global aquafeed market over the forecast period. For instance, according to South Australia Aquaculture Act (amended in 2003 and 2005), South Australian Ministry of Agriculture Food and Fisheries acquires power to grant aquaculture licenses only to companies adhering to rules and regulations laid by the ministry.1

Market Trends

On the basis of species type, fish segment is expected to witness significant growth in the global aquafeed market over the forecast period. This is owing to a large consumption of fishes. According to British Columbia Ministry of Agriculture, the fish consumption in Japan was 2,512 thousand ton and is continuously growing whereas the consumption of crustaceans was 472 thousand ton in 2017.

Moreover, high cost and difficulty in the preparation of crustaceans and mollusks, lowers its demand as compared to fish, which in turn drives growth of fish segment in the market.

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Regional Insights

Among regions, North America holds the dominant position in the global aquafeed market. This is owing to high presence of key players operating in the region. The manufacturers are engaged in various business strategies to enhance their aquaculture division, which in turn results in expansion of aquaculture industry, fueling growth of aquafeed market. For instance, in April 2018, Kemin Industries, the nutritional ingredient company in the U.S., launched new aquaculture division, which will help aqua farms, aquafeed companies, and fish meal producers to achieve growth.

Furthermore, Asia Pacific is expected to be the fastest growing region in the global aquafeed market over the forecast period, owing to increasing aquaculture production. According to the U.S. Food and Agriculture Organization, the aquaculture production in China was 45,468,960 metric tons in 2014. According to Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), in 2014-15, the gross value of aquaculture production and Australian fisheries was increased by 12% to US$ 1.99 billion.

Business Strategy

Key players in the region are involved in various growth strategies such as business expansion and mergers and acquisitions, in order to gain competitive edge in the market. For instance, in December 2017, Neovia acquired Epicore, the manufacturer of aquafeed and probiotics to develop its aquaculture business and to offer sustainable and natural solutions for livestock farming.

In January 2018, Cargill Inc., opened its first fish feed mill in India, tripling capacity of fish feed for farmers. This new facility marks the introduction of aqua nutrition fish feed products marketed under EWOS brand to India.

Key Players

Some of the leading players operating in the global aquafeed market include Archer-Daniels-Midland Company, Land O’Lakes, Inc., Nutreco N.V., Cargill, Incorporated, De Heus Animal Nutrition BV, Biomin Holding GmbH, Alltech Inc., Sonac Burgum B.V., Zeigler Bros., Inc. (ZBI), BENEO GmbH, Koninklijke DSM N.V., and Nutriad International NV.

Key Developments:-

In 2015, Cargill Incorporated acquired EWOS, which deals in the salmon nutrition. The acquisition was aimed to develop sustainable nutrition solution and research in the field of aquafeed solution.

In June, 2016, Alltech Inc. acquired Coppens International, an aquatic feed solution company based in Netherlands. Acquisition aimed to expand business of Alltech Inc. in aquafeed market.

In October, 2018, Cargill launched plant based fish oil alternatives which provides omega 3 fatty acids for aquafeed namely Latitude. The product is made from Canola oilseeds and includes eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA) and docosapentaenoic acid (DPA). Furthermore, it reduces dependency on marine ingredients, including forage fish, and provides assurance against environmental degradation and overfishing of our oceans.

In August 2019, Cargill Incorporated entered into agreement with White Dogs Lab to expand its offerings of sustainable alternatives to fishmeal in aqua feed. White Dogs Lab to produce ProTyton which is a single-cell protein produced by fermentation with corn feedstock.

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Global Aquafeed Market Taxonomy

On the basis of form type, the global Aquafeed market is segmented into:

– Extruded

– Pellet

– Liquid

– Powder

On the basis of ingredient type, the global Aquafeed market is segmented into:

– Fishes

– Crustaceans

– Mollusks

On the basis of species type, the global Aquafeed market is segmented into:

– Fish Meal

– Corn Gluten Meal

– Soybean Meal

– Wheat Meal

– Fish Oil

– Additives

On the basis of distribution channel, the global Aquafeed market is segmented into:

– Direct

– Indirect

Based on the region, the global artificial turf market is segmented into:

– North America

– Europe

– Asia Pacific

– Latin America

– Middle East

– Africa

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