Summary

The global market for AquaFeed was estimated to be worth US$ 36290 million in 2024 and is forecast to a readjusted size of US$ 57150 million by 2031 with a CAGR of 6.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on AquaFeed cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
AquaFeed refers to specially formulated feed products designed for aquatic animals such as fish, shrimp, crabs, and other farmed marine or freshwater species. These feeds are developed to meet the nutritional needs of different species at various life stages, and typically contain a balanced mix of proteins, lipids, carbohydrates, vitamins, and minerals. AquaFeed is crucial in modern aquaculture as it directly influences the growth rate, feed conversion efficiency, health, and product quality of farmed aquatic animals. It comes in various forms such as pellets, crumbles, or extruded feeds, and is tailored for different feeding behaviors and aquatic environments.
The aquafeed market is experiencing strong growth driven by the rapid expansion of global aquaculture production, which has become a vital source of animal protein to meet rising food demand. With wild fish stocks under pressure, farmed seafood—such as shrimp, salmon, tilapia, and pangasius—has become increasingly important, pushing the need for efficient and nutritionally balanced feeds. Technological innovations in feed formulation, including the use of alternative protein sources like insect meal, plant-based ingredients, and fermented feedstocks, have improved feed conversion ratios and reduced dependency on fishmeal and fish oil. In addition, growing consumer demand for sustainable and traceable seafood has encouraged investment in eco-friendly and functional aquafeeds that support health, growth, and disease resistance in farmed species.
Despite strong demand, the aquafeed market faces several persistent challenges. Raw material price volatility, especially for key ingredients like fishmeal, soybean meal, and corn, creates cost pressure and impacts profit margins for feed manufacturers. Moreover, regulatory constraints regarding feed composition, antibiotic usage, and environmental impacts are becoming more stringent across major aquaculture-producing regions. Maintaining feed quality and nutritional precision while complying with local and international standards can increase complexity and cost. Additionally, disease outbreaks in aquaculture—such as early mortality syndrome (EMS) in shrimp or sea lice in salmon—can disrupt feed demand patterns and lead to production losses. These challenges highlight the need for innovation, cost optimization, and robust supply chain strategies in the aquafeed industry.
Global key players include Nutreco, Haid Group, Tongwei Group, BioMar, Cargill, CP Group, Evergreen Feed, New Hope Group, Grobest and Yuehai Feed, etc. Global top six players hold a share about 35 percent in 2024. In terms of application, the Fish Feed is the largest market, with a share over 55%.
This report aims to provide a comprehensive presentation of the global market for AquaFeed, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of AquaFeed by region & country, by Type, and by Application.
The AquaFeed market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding AquaFeed.
Market Segmentation
By Company
Nutreco
Haid Group
Tongwei Group
BioMar
Cargill
CP Group
Evergreen Feed
New Hope Group
Grobest
Yuehai Feed
Ridley
Alpha Feed
Dibaq Aquaculture
DBN
Uni-President Vietnam
Aller Aqua
GreenFeed
Proconco
Avanti Feeds
Gold Coin
Vitapro
Tianma Tech
Nutriad International
Japfa Ltd
Alltech
Segment by Type
Mash Feed
Pellet Feed
Extruded Feed
Other
Segment by Application
Fish Feed
Shrimp Feed
Crab Feed
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of AquaFeed manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of AquaFeed in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of AquaFeed in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview
1.1 AquaFeed Product Introduction
1.2 Global AquaFeed Market Size Forecast
1.2.1 Global AquaFeed Sales Value (2020-2031)
1.2.2 Global AquaFeed Sales Volume (2020-2031)
1.2.3 Global AquaFeed Sales Price (2020-2031)
1.3 AquaFeed Market Trends & Drivers
1.3.1 AquaFeed Industry Trends
1.3.2 AquaFeed Market Drivers & Opportunity
1.3.3 AquaFeed Market Challenges
1.3.4 AquaFeed Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global AquaFeed Players Revenue Ranking (2024)
2.2 Global AquaFeed Revenue by Company (2020-2025)
2.3 Global AquaFeed Players Sales Volume Ranking (2024)
2.4 Global AquaFeed Sales Volume by Company Players (2020-2025)
2.5 Global AquaFeed Average Price by Company (2020-2025)
2.6 Key Manufacturers AquaFeed Manufacturing Base and Headquarters
2.7 Key Manufacturers AquaFeed Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of AquaFeed
2.9 AquaFeed Market Competitive Analysis
2.9.1 AquaFeed Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by AquaFeed Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in AquaFeed as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Mash Feed
3.1.2 Pellet Feed
3.1.3 Extruded Feed
3.1.4 Other
3.2 Global AquaFeed Sales Value by Type
3.2.1 Global AquaFeed Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global AquaFeed Sales Value, by Type (2020-2031)
3.2.3 Global AquaFeed Sales Value, by Type (%) (2020-2031)
3.3 Global AquaFeed Sales Volume by Type
3.3.1 Global AquaFeed Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global AquaFeed Sales Volume, by Type (2020-2031)
3.3.3 Global AquaFeed Sales Volume, by Type (%) (2020-2031)
3.4 Global AquaFeed Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Fish Feed
4.1.2 Shrimp Feed
4.1.3 Crab Feed
4.1.4 Other
4.2 Global AquaFeed Sales Value by Application
4.2.1 Global AquaFeed Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global AquaFeed Sales Value, by Application (2020-2031)
4.2.3 Global AquaFeed Sales Value, by Application (%) (2020-2031)
4.3 Global AquaFeed Sales Volume by Application
4.3.1 Global AquaFeed Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global AquaFeed Sales Volume, by Application (2020-2031)
4.3.3 Global AquaFeed Sales Volume, by Application (%) (2020-2031)
4.4 Global AquaFeed Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global AquaFeed Sales Value by Region
5.1.1 Global AquaFeed Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global AquaFeed Sales Value by Region (2020-2025)
5.1.3 Global AquaFeed Sales Value by Region (2026-2031)
5.1.4 Global AquaFeed Sales Value by Region (%), (2020-2031)
5.2 Global AquaFeed Sales Volume by Region
5.2.1 Global AquaFeed Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global AquaFeed Sales Volume by Region (2020-2025)
5.2.3 Global AquaFeed Sales Volume by Region (2026-2031)
5.2.4 Global AquaFeed Sales Volume by Region (%), (2020-2031)
5.3 Global AquaFeed Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America AquaFeed Sales Value, 2020-2031
5.4.2 North America AquaFeed Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe AquaFeed Sales Value, 2020-2031
5.5.2 Europe AquaFeed Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific AquaFeed Sales Value, 2020-2031
5.6.2 Asia Pacific AquaFeed Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America AquaFeed Sales Value, 2020-2031
5.7.2 South America AquaFeed Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa AquaFeed Sales Value, 2020-2031
5.8.2 Middle East & Africa AquaFeed Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions AquaFeed Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions AquaFeed Sales Value and Sales Volume
6.2.1 Key Countries/Regions AquaFeed Sales Value, 2020-2031
6.2.2 Key Countries/Regions AquaFeed Sales Volume, 2020-2031
6.3 United States
6.3.1 United States AquaFeed Sales Value, 2020-2031
6.3.2 United States AquaFeed Sales Value by Type (%), 2024 VS 2031
6.3.3 United States AquaFeed Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe AquaFeed Sales Value, 2020-2031
6.4.2 Europe AquaFeed Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe AquaFeed Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China AquaFeed Sales Value, 2020-2031
6.5.2 China AquaFeed Sales Value by Type (%), 2024 VS 2031
6.5.3 China AquaFeed Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan AquaFeed Sales Value, 2020-2031
6.6.2 Japan AquaFeed Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan AquaFeed Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea AquaFeed Sales Value, 2020-2031
6.7.2 South Korea AquaFeed Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea AquaFeed Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia AquaFeed Sales Value, 2020-2031
6.8.2 Southeast Asia AquaFeed Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia AquaFeed Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India AquaFeed Sales Value, 2020-2031
6.9.2 India AquaFeed Sales Value by Type (%), 2024 VS 2031
6.9.3 India AquaFeed Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Nutreco
7.1.1 Nutreco Company Information
7.1.2 Nutreco Introduction and Business Overview
7.1.3 Nutreco AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Nutreco AquaFeed Product Offerings
7.1.5 Nutreco Recent Development
7.2 Haid Group
7.2.1 Haid Group Company Information
7.2.2 Haid Group Introduction and Business Overview
7.2.3 Haid Group AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Haid Group AquaFeed Product Offerings
7.2.5 Haid Group Recent Development
7.3 Tongwei Group
7.3.1 Tongwei Group Company Information
7.3.2 Tongwei Group Introduction and Business Overview
7.3.3 Tongwei Group AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Tongwei Group AquaFeed Product Offerings
7.3.5 Tongwei Group Recent Development
7.4 BioMar
7.4.1 BioMar Company Information
7.4.2 BioMar Introduction and Business Overview
7.4.3 BioMar AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 BioMar AquaFeed Product Offerings
7.4.5 BioMar Recent Development
7.5 Cargill
7.5.1 Cargill Company Information
7.5.2 Cargill Introduction and Business Overview
7.5.3 Cargill AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Cargill AquaFeed Product Offerings
7.5.5 Cargill Recent Development
7.6 CP Group
7.6.1 CP Group Company Information
7.6.2 CP Group Introduction and Business Overview
7.6.3 CP Group AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 CP Group AquaFeed Product Offerings
7.6.5 CP Group Recent Development
7.7 Evergreen Feed
7.7.1 Evergreen Feed Company Information
7.7.2 Evergreen Feed Introduction and Business Overview
7.7.3 Evergreen Feed AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Evergreen Feed AquaFeed Product Offerings
7.7.5 Evergreen Feed Recent Development
7.8 New Hope Group
7.8.1 New Hope Group Company Information
7.8.2 New Hope Group Introduction and Business Overview
7.8.3 New Hope Group AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 New Hope Group AquaFeed Product Offerings
7.8.5 New Hope Group Recent Development
7.9 Grobest
7.9.1 Grobest Company Information
7.9.2 Grobest Introduction and Business Overview
7.9.3 Grobest AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Grobest AquaFeed Product Offerings
7.9.5 Grobest Recent Development
7.10 Yuehai Feed
7.10.1 Yuehai Feed Company Information
7.10.2 Yuehai Feed Introduction and Business Overview
7.10.3 Yuehai Feed AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Yuehai Feed AquaFeed Product Offerings
7.10.5 Yuehai Feed Recent Development
7.11 Ridley
7.11.1 Ridley Company Information
7.11.2 Ridley Introduction and Business Overview
7.11.3 Ridley AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Ridley AquaFeed Product Offerings
7.11.5 Ridley Recent Development
7.12 Alpha Feed
7.12.1 Alpha Feed Company Information
7.12.2 Alpha Feed Introduction and Business Overview
7.12.3 Alpha Feed AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Alpha Feed AquaFeed Product Offerings
7.12.5 Alpha Feed Recent Development
7.13 Dibaq Aquaculture
7.13.1 Dibaq Aquaculture Company Information
7.13.2 Dibaq Aquaculture Introduction and Business Overview
7.13.3 Dibaq Aquaculture AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Dibaq Aquaculture AquaFeed Product Offerings
7.13.5 Dibaq Aquaculture Recent Development
7.14 DBN
7.14.1 DBN Company Information
7.14.2 DBN Introduction and Business Overview
7.14.3 DBN AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 DBN AquaFeed Product Offerings
7.14.5 DBN Recent Development
7.15 Uni-President Vietnam
7.15.1 Uni-President Vietnam Company Information
7.15.2 Uni-President Vietnam Introduction and Business Overview
7.15.3 Uni-President Vietnam AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Uni-President Vietnam AquaFeed Product Offerings
7.15.5 Uni-President Vietnam Recent Development
7.16 Aller Aqua
7.16.1 Aller Aqua Company Information
7.16.2 Aller Aqua Introduction and Business Overview
7.16.3 Aller Aqua AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Aller Aqua AquaFeed Product Offerings
7.16.5 Aller Aqua Recent Development
7.17 GreenFeed
7.17.1 GreenFeed Company Information
7.17.2 GreenFeed Introduction and Business Overview
7.17.3 GreenFeed AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 GreenFeed AquaFeed Product Offerings
7.17.5 GreenFeed Recent Development
7.18 Proconco
7.18.1 Proconco Company Information
7.18.2 Proconco Introduction and Business Overview
7.18.3 Proconco AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Proconco AquaFeed Product Offerings
7.18.5 Proconco Recent Development
7.19 Avanti Feeds
7.19.1 Avanti Feeds Company Information
7.19.2 Avanti Feeds Introduction and Business Overview
7.19.3 Avanti Feeds AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Avanti Feeds AquaFeed Product Offerings
7.19.5 Avanti Feeds Recent Development
7.20 Gold Coin
7.20.1 Gold Coin Company Information
7.20.2 Gold Coin Introduction and Business Overview
7.20.3 Gold Coin AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Gold Coin AquaFeed Product Offerings
7.20.5 Gold Coin Recent Development
7.21 Vitapro
7.21.1 Vitapro Company Information
7.21.2 Vitapro Introduction and Business Overview
7.21.3 Vitapro AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Vitapro AquaFeed Product Offerings
7.21.5 Vitapro Recent Development
7.22 Tianma Tech
7.22.1 Tianma Tech Company Information
7.22.2 Tianma Tech Introduction and Business Overview
7.22.3 Tianma Tech AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.22.4 Tianma Tech AquaFeed Product Offerings
7.22.5 Tianma Tech Recent Development
7.23 Nutriad International
7.23.1 Nutriad International Company Information
7.23.2 Nutriad International Introduction and Business Overview
7.23.3 Nutriad International AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.23.4 Nutriad International AquaFeed Product Offerings
7.23.5 Nutriad International Recent Development
7.24 Japfa Ltd
7.24.1 Japfa Ltd Company Information
7.24.2 Japfa Ltd Introduction and Business Overview
7.24.3 Japfa Ltd AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.24.4 Japfa Ltd AquaFeed Product Offerings
7.24.5 Japfa Ltd Recent Development
7.25 Alltech
7.25.1 Alltech Company Information
7.25.2 Alltech Introduction and Business Overview
7.25.3 Alltech AquaFeed Sales, Revenue, Price and Gross Margin (2020-2025)
7.25.4 Alltech AquaFeed Product Offerings
7.25.5 Alltech Recent Development
8 Industry Chain Analysis
8.1 AquaFeed Industrial Chain
8.2 AquaFeed Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 AquaFeed Sales Model
8.5.2 Sales Channel
8.5.3 AquaFeed Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer