The global aquafeed market size was valued at US$ 73.5 Bn in 2025 and is projected to reach US$ 136.8 Bn by 2036, expanding at a CAGR of 5.7% from 2026 to 2036. The market growth is primarily driven by the rapid expansion of intensive aquaculture practices and the rising global demand for shrimp and other high-value aquatic species. As seafood consumption continues to grow due to increasing population and shifting dietary preferences toward protein-rich foods, aquafeed has emerged as a critical component in ensuring sustainable and efficient aquaculture production.

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Market Overview

The aquafeed market plays a pivotal role in supporting the global aquaculture industry, which has become one of the fastest-growing food production sectors worldwide. Aquafeed includes specially formulated feed products designed to meet the nutritional requirements of various aquatic species such as fish, crustaceans, and mollusks. With the intensification of aquaculture practices, there is a growing need for nutritionally balanced and high-performance feed solutions that enhance growth rates, improve feed conversion ratios, and ensure disease resistance. Additionally, increasing awareness about sustainable aquaculture practices is encouraging the adoption of eco-friendly feed ingredients, including plant-based proteins and alternative raw materials, reducing reliance on traditional fishmeal and fish oil.

Market Size and Growth

The aquafeed market is poised for steady growth, expanding from US$ 73.5 Bn in 2025 to US$ 136.8 Bn by 2036 at a CAGR of 5.7%. This growth trajectory is supported by rising seafood demand, particularly in emerging economies, where urbanization and income growth are driving dietary changes. The increasing popularity of shrimp farming and high-value fish species such as salmon and tilapia is further fueling demand for specialized aquafeed products. Moreover, advancements in feed formulation technologies, including precision nutrition and functional additives, are enhancing feed efficiency and supporting market expansion. Investments in aquaculture infrastructure and technological innovation are also contributing to the sustained growth of the market.

Market Segmentation

The aquafeed market can be segmented based on ingredient type, species, and form. By ingredient type, the market includes fishmeal, fish oil, soybean meal, corn, additives, and alternative protein sources, with plant-based ingredients gaining traction due to sustainability concerns. In terms of species, the market is categorized into fish, shrimp, mollusks, and others, with shrimp and fish segments dominating due to their high commercial value. Based on form, aquafeed is available as pellets, extruded feed, and powdered feed, with extruded feed gaining popularity for its superior water stability and digestibility. Increasing demand for customized feed solutions tailored to specific species and growth stages is shaping segmentation trends.

Regional Analysis

Regionally, Asia-Pacific dominates the global aquafeed market, accounting for the largest share due to the presence of major aquaculture-producing countries such as China, India, Vietnam, and Indonesia. The region benefits from favorable climatic conditions, abundant water resources, and strong government support for aquaculture development. North America and Europe also represent significant markets, driven by advanced aquaculture technologies, high consumption of seafood, and increasing focus on sustainable practices. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, offering growth opportunities due to expanding aquaculture activities and rising investments in the sector.

Competitive Landscape

The global aquafeed market is highly competitive, with several key players focusing on innovation, sustainability, and strategic expansion to strengthen their market positions. Leading companies operating in the market include Aller Aqua A/S, Alltech, Inc., Archer Daniels Midland (ADM), BioMar Group A/S, Cargill, Incorporated, Charoen Pokphand Foods PCL, Godrej and Boyce Mfg. Co. Ltd., Grand Fish Feed, Grobest Group, Growel Feeds Pvt. Ltd., Guangdong HAID Group Co., Ltd., Nutreco N.V. / Skretting, Purina Animal Nutrition LLC, Ridley Corporation Ltd., and The Waterbase Ltd. These companies are investing in research and development to create high-quality, sustainable feed products and are expanding their global footprint through partnerships, acquisitions, and capacity expansions.

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