Aquafeed Market Report for 2025: Analysis of Ingredients, Forms, End-User Species, and Applications

ResearchAndMarkets.com recently added a report on the Aquafeed market, highlighting important aspects such as ingredients, forms, end-user species, and applications. This report emphasizes the sustainable nature of current Aquafeed supplements, which incorporate alternative ingredients and functional supplements. These features not only enhance animal health but also reduce the ecological impact of aquaculture, making them an essential component of fish farming.

The global Aquafeed market size was estimated at US$67.8 billion in 2024 and is projected to reach around US$96 billion by 2030, with a compound annual growth rate (CAGR) of 6%. One of the key factors driving the increasing demand for Aquafeed is the rising consumption of seafood globally. Factors such as growing population, urbanization, and heightened awareness about the health benefits of seafood consumption contribute to the growth of the Aquafeed market.

Projections suggest that by 2030, per capita consumption of fish will exceed 20 kilograms, further stimulating demand for aquaculture and Aquafeed. Data from the Food & Agricultural Organization indicates that in 2022, aquaculture production reached 131 million metric tons, with fish production accounting for over 50% of the share. Notably, this growth is particularly prominent in the Asia-Pacific region, with countries like China, India, and Vietnam leading the way in aquaculture production.

Asia-Pacific stands as the largest global market for Aquafeed, capturing approximately 48.7% of the market share in 2024 and is expected to grow at a significant rate of 7.2% from 2024 to 2030. Economic, demographic, environmental, and policy factors contribute to the dominance of the Asia-Pacific region in the Aquafeed market. China, India, Indonesia, Thailand, and Vietnam are key players in aquaculture production in the region, driving the demand for Aquafeed to support various species like carp, tilapia, shrimp, and catfish.

The region’s extensive aquaculture production requires specialized aquafeed formulations tailored to different aquatic species. For instance, China leads in carp and tilapia production, while Vietnam excels in shrimp production. Increased awareness of the health benefits of seafood consumption, such as omega-3 content and low fat, has led to a surge in consumption. China, with an annual per capita fish consumption of 40 kg, is among the highest globally, further boosting aquaculture expansion and Aquafeed demand.

This comprehensive report on the Aquafeed market provides insights into various aspects such as ingredients, forms, end-user species, applications, and functions from 2021 to 2030, with projections in terms of value in US$. Additionally, the report includes profiles of major companies operating in this sector, along with updates on corporate and industrial developments to offer a holistic overview of the market trends.