#Aquafeed Market size

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The aquafeed market is a critical component of the aquaculture industry, supporting the growth and health of farmed aquatic species. As global demand for seafood rises, the aquafeed sector has experienced rapid expansion, innovation, and transformation. In this blog, we’ll explore the current trends, challenges, and opportunities shaping the aquafeed market.

[supriyab]

The global aquafeed market is projected to reach USD 88.0 billion by 2028, at a CAGR of 7.3% over the forecast period. It is estimated to be valued USD 61.8 billion in 2023.

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Aquafeed Market

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Feed and Aquafeed Market Size, Trends, and Growth Forecast to 2025

Market Overview

The feed and aquafeed market is experiencing significant growth due to increasing demand for high-quality animal and aquatic nutrition. The livestock and aquaculture industries rely on specialized feed formulations to enhance animal health, productivity, and sustainability. The rising global demand for meat, dairy, eggs, and seafood, along with advancements in feed technology, is driving market expansion.

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Key Segments

Animal Feed (Livestock Feed)

Poultry Feed

Cattle Feed (Dairy & Beef)

Swine Feed

Pet Food

Others (Sheep, Goat, Equine)

Aquafeed (Fish & Shrimp Feed)

Fish Feed (Salmon, Tilapia, Catfish, etc.)

Shrimp Feed

Mollusk & Crustacean Feed

Market Insights

Market Growth Drivers

Rising Demand for Animal Protein: Increasing consumption of meat, dairy, and seafood is fueling demand for high-nutrition feed.

Technological Advancements in Feed Formulation: Innovation in pelletized, extruded, and medicated feeds improves animal growth rates.

Growth in the Aquaculture Industry: The shift toward sustainable seafood production is increasing demand for nutrient-rich aquafeed.

Increasing Focus on Gut Health & Immunity: Probiotics, enzymes, and functional additives in feed are gaining popularity.

Government Support for Sustainable Farming: Policies promoting alternative protein sources (e.g., insect-based feed, algae, and plant-based proteins) are shaping the market.

Market Challenges

Fluctuating Raw Material Prices: Soybean meal, fishmeal, and corn price volatility impact feed production costs.

Environmental Concerns: Overfishing for fishmeal and the carbon footprint of feed production pose sustainability challenges.

Strict Regulations on Antibiotics & Additives: Many regions are restricting antibiotic growth promoters in livestock and fish feed.

Disease Outbreaks in Aquaculture & Livestock: Disease risks such as African swine fever and white spot syndrome impact feed demand.

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Key Players in the Feed & Aquafeed Market

The market is dominated by major global and regional players focusing on high-performance feed solutions.

Top Feed Companies

Cargill, Inc. (USA) – A global leader in livestock, poultry, and aquafeed solutions.

Archer Daniels Midland (ADM) (USA) – A major producer of animal nutrition and feed ingredients.

Nutreco N.V. (Trouw Nutrition & Skretting) (Netherlands) – Specializes in livestock and fish feed.

BASF SE (Germany) – Develops feed additives and functional ingredients.

Alltech Inc. (USA) – Focuses on probiotics, enzymes, and gut health solutions.

Top Aquafeed Companies

Skretting (Nutreco Group) (Netherlands) – A leader in sustainable fish and shrimp feed.

BioMar Group (Denmark) – Specializes in aquafeed solutions with alternative protein sources.

Ridley Corporation (Australia) – A major player in aquaculture and livestock feed.

Charoen Pokphand Foods (CPF) (Thailand) – A key aquafeed and livestock feed producer in Asia.

Regional Analysis

1. North America

United States & Canada: High demand for precision livestock feed & sustainable aquafeed.

Strict FDA regulations on feed additives and antibiotics.

Strong presence of feed industry giants (Cargill, ADM).

2. Europe

Germany, Netherlands, UK, France: Emphasis on organic and antibiotic-free feed.

EU restrictions on fishmeal & soy-based feed drive demand for alternative proteins.

Sustainability and environmental policies shaping the industry.

3. Asia-Pacific

China & India: Largest livestock and aquaculture markets with growing feed demand.

Thailand & Vietnam: Strong shrimp and fish feed industries.

Australia: High adoption of high-performance aquafeed solutions.

4. Latin America

Brazil & Argentina: Leading soybean and corn producers for feed ingredients.

Growing poultry and aquaculture feed industry.

5. Middle East & Africa

South Africa & Gulf Countries: Increasing demand for quality animal feed.

Aquaculture expansion in Egypt & Saudi Arabia.

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Flocculants And Coagulants Market: Key Trends and Innovations Driving Industry Growth

The global fish powder market size is expected to reach USD 13.19 billion by 2030, registering a CAGR of 6.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rising use of fish meal products in poultry and swine diets. Rising aquaculture production along with the rise in the fortified food industry over the forecast period is anticipated to further fuel the growth.

Rising use of fish powder for the fortification of food is anticipated to drive the market. Moreover, demand for different fish categories such as anchovy, horse mackerel, capelin, menhaden, sand eel, and pilchard among others in functional food production is expected to drive the market. Increased aqua feed farming is anticipated to continue to drive the demand in the forthcoming years.

The production of fish meal is highly concentrated in Asia Pacific. China accounts for about 90% of the global aquafeed production. China is also the world’s largest importer of fish meal products; accounting for about 1.57 million metric tons in 2017 from 0.98 million metric tons in 2013. Growing imports along with the surge in prices has anticipated the demand for the products.

Rising demand in the aquafeed industry in India has driven the growth of the fish powder market. In India, the consumption of aquafeed was around 1 million tons in 2012, which reached to about 7 million tons in 2017. India has about 26 aquafeed mills with production capacity of about 43.4%, producing about 1.25 million tons of feed. Rise in fish farming is anticipated to further boost the product demand over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Fish Powder Market

Fish Powder Market Report Highlights

• The whole fish segment accounted for a leading revenue share of 64.1% in the global market in 2024. Whole fish is considered an important source of fish powder, which is used in various industries, including animal feed, aquaculture, and pet food.

• The swine segment accounted for a leading revenue share in the global market in 2024. The growing global demand for pork, particularly in countries with an expanding middle-income demographic, has resulted in a noticeable increase in pig farming.

• Asia Pacific accounted for a leading revenue share of 45.1% in the global fish powder industry in 2024. Growing aqua feed industry on account of the demand from functional ingredients mainly in developing countries such as India and China is expected to propel the market

• Various manufacturers are concentrating on new product launches, capacity expansions, and technological innovations to estimate existing and future demand patterns from upcoming product segments.

Fish Powder Market Segmentation

Grand View Research has segmented the global fish powder market on the basis of source, application, and region:

Fish Powder Source Outlook (Revenue, USD Million, 2018 - 2030)

• Whole Fish

• By-product

Fish Powder Application Outlook (Revenue, USD Million, 2018 - 2030)

• Swine

• Aquaculture

• Poultry

• Others

Fish Powder Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Spain

o Italy

• Asia Pacific

o China

o India

o Japan

o Australia & New Zealand

o South Korea

• Latin America

o Brazil

• MEA

o South Africa

Order a free sample PDF of the Fish Powder Market Intelligence Study, published by Grand View Research.

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The Global Fish Powder Market is projected to grow from USD 184.1 million in 2023 to an estimated USD 313.96 million by 2032, reflecting a robust compound annual growth rate (CAGR) of 6.9% from 2024 to 2032. The fish powder market has emerged as a vital segment within the global food and feed industry, driven by growing consumer demand for protein-rich diets, sustainable agriculture, and high-quality animal feed. Fish powder, made by processing whole fish or fish byproducts, serves as a rich source of essential nutrients, including proteins, vitamins, and omega-3 fatty acids. Its applications span multiple sectors, including aquaculture, poultry, livestock, pet food, and even human consumption. This article explores the key trends, drivers, challenges, and future prospects shaping the fish powder market.

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Market Overview

Fish powder is produced by drying and grinding fish or fish byproducts into a fine, powdery form. It is primarily used as an ingredient in animal feed due to its high protein content, essential amino acids, and omega-3 fatty acids, which are crucial for the growth and health of livestock and aquatic animals. In human nutrition, fish powder is increasingly incorporated into ready-to-eat foods, dietary supplements, and fortified products, addressing malnutrition and protein deficiency issues, particularly in developing regions.

Key Market Drivers

Growing Aquaculture Industry The aquaculture sector, which accounts for over half of the global fish production, is a major consumer of fish powder. Fish meal, derived from fish powder, enhances the nutritional value of aquafeed, boosting the growth rate and overall health of aquatic species. As the demand for seafood rises, the aquaculture industry’s reliance on fish powder is expected to intensify.

Rising Demand for Animal Feed The livestock and poultry sectors are significant end-users of fish powder, leveraging its rich nutrient profile to improve the quality and yield of meat and eggs. Fish powder's inclusion in animal feed has proven to increase feed conversion ratios, making it a preferred choice among farmers.

Focus on Human Nutrition Increasing health awareness among consumers has fueled the demand for fish powder in human food products. Its high protein content and nutritional benefits make it an excellent ingredient for addressing malnutrition, particularly in developing countries. Fortified foods and protein supplements containing fish powder are gaining popularity among health-conscious individuals.

Sustainability and Byproduct Utilization The growing emphasis on sustainability has encouraged the use of fish byproducts in fish powder production. This approach minimizes waste and supports circular economy practices, making the industry more environmentally friendly.

Challenges in the Fish Powder Market

Despite its promising growth, the fish powder market faces several challenges:

Supply Chain Constraints: Seasonal fish availability and overfishing concerns can lead to raw material shortages, impacting production volumes.

Cost Volatility: Price fluctuations in raw materials and energy-intensive processing methods often lead to increased production costs.

Environmental Concerns: Unsustainable fishing practices and their impact on marine ecosystems pose significant challenges for the industry. Stricter regulations on fishing quotas and environmental sustainability add complexity to operations.

Competition from Alternatives: Plant-based protein sources, such as soybean and algae, are gaining traction as cost-effective and sustainable alternatives, posing competition to fish powder.

Future Trends and Opportunities

The future of the fish powder market lies in innovation and sustainability. Companies are investing in advanced fish processing technologies to enhance efficiency and product quality. Efforts to source raw materials sustainably and develop alternative ingredients for fish powder production are gaining momentum. Moreover, the exploration of novel applications, such as biofertilizers and cosmetics, presents exciting opportunities for diversification.

Key players

Polfish and Oceana Group

Aksha Fish Meal and Oil

Austevoll Seafood ASA (Laco AS)

Omega Protein Corporation

FMC Corporation

Croda International Plc.

Oceana Group Limited

GC Rieber Oil

Rongcheng Hisheng Feed

Zhejiang FengYu Halobios

Segments

Based on Fish Species Type:

Anchovy

Sand Eel

Horse Mackerel

Sardine

Pilchard

Hilsa

Others

Based on Product Type:

Fish Protein Powder

Fish Meal Powder

Based on Application:

Animal Feed Industry

Swine

Poultry

Aquaculture

Others

Food Industry

Cosmetics and Personal Care

Other Applications

Based on Distribution Channel:

Business to Business (B2B)

Business to consumer (B2C)

Based on Region:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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[savibangar]

Fish Oil Market to Reach $4.51 Billion by 2031| Size, Share, Forecast, & Trends Analysis 

Meticulous Research®, a leading global market research firm, has released its latest report titled Fish Oil Market—Global Opportunity Analysis and Industry Forecast (2024-2031). The study forecasts that the global fish oil market will reach $4.51 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

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Key drivers of the fish oil market include the rising global incidence of cardiovascular diseases (CVDs), growing awareness around pet and livestock nutrition, increased demand for healthier diets, evolving consumer preferences, and the expansion of the aquaculture industry. However, unsustainable fishing practices by some fish oil producers, as well as the growing availability of alternative omega-3 sources, may pose challenges to market growth.

Furthermore, the increasing recognition of the health benefits of omega-3 fatty acids, along with their growing use in aquaculture and animal feed, presents significant opportunities for market expansion. Environmental concerns and the issue of overfishing remain critical challenges impacting the sector.

The market is also witnessing trends such as a growing focus on health and wellness, along with advancements in fish oil extraction and processing technologies.

Key Players:

The fish oil market is characterized by a moderately competitive scenario due to the presence of many large and small-sized global, regional, and local players. The key players operating in the fish oil market are Omega Protein Corporation (U.S.), TripleNine Group A/S (Denmark), FF Skagen A/S (Denmark), Pelagia AS (Norway), BASF SE (Germany), KD Pharma Group SA (Switzerland), Croda International Plc (U.K.), Colpex International S.A.C (Peru), OLVEA Group (France), SARMA FISH S.A.R.L (Morocco), Pesquera Diamante S.A. (Peru), Blueline Foods (India) Pvt. Ltd. (India), and GC Rieber VivoMega AS (Norway).

The fish oil market is segmented based on grade, process, product, and application. The report also evaluates industry competitors and analyzes the fish oil market at the regional and country levels.

The market is segmented by grade, process, product, and application. The report also provides a detailed analysis of regional and country-level market dynamics.

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Market Segmentation:

By Grade: The feed-grade fish oil segment is expected to capture the largest market share in 2024. This segment is driven by the growing demand for omega-3 rich fish oil in aquaculture, particularly for species like salmon, trout, and carp. Feed-grade fish oil also benefits livestock, particularly in poultry and swine farming, and is increasingly used in pet food for its positive effects on coat health, joint function, and cognitive development.

By Process: The crude fish oil segment is projected to hold the largest market share in 2024. Crude fish oil, rich in omega-3 fatty acids such as EPA and DHA, is essential for heart health, brain function, and overall wellness. Its versatile applications in dietary supplements, functional foods, and animal feed contribute to its dominance in the market.

By Product: In 2024, the anchovy oil segment is expected to lead the market. Anchovy-based fish oil is recognized for its high DHA content, making it ideal for use in aquafeed and dietary supplements. Additionally, the anchovy fishery’s sustainability ensures a reliable, high-quality supply of fish oil.

By Application: The aqua feed segment is anticipated to account for the largest market share in 2024. Fish oil is a crucial component in the nutrition of farmed fish, supporting healthy growth, immune function, and optimal feed conversion. As global seafood demand increases, particularly for omega-3-rich fish like salmon, the use of fish oil in aqua feed continues to rise.

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Geographic Insights:

This report analyzes the fish oil market across major regions, including North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Poland, Netherlands, Belgium, Norway, and others), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Singapore, and others), Latin America (Brazil, Mexico, Argentina, and others), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, and others).

In 2024, Europe is expected to lead the fish oil market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. Europe’s strong market position is driven by growing consumer awareness of health benefits, an increasing focus on cardiovascular health, advanced fish oil processing technologies, and a commitment to sustainable fishing practices. Additionally, the robust aquaculture industry in Europe, along with the rising use of fish oil in the cosmetic sector for its anti-inflammatory and anti-aging properties, further fuels market growth.

The increasing demand for high-quality, omega-3-rich fish products, along with advancements in sustainable sourcing and processing, positions Europe as a key market leader in the global fish oil industry.Top of Form

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[ravinderimarc]

The global aquafeed market size reached USD 183.0 Billion in 2024. IMARC Group expects the market to reach USD 376.0 Billion by 2033, exhibiting a growth rate (CAGR) of 7.46% during 2025-2033. The rising global seafood demand, significant advancements in sustainable aquaculture practices, innovations in feed formulations, government support for aquaculture development, and increasing investments in research for production efficiency are some of the major factors driving the growth of the market.

[ananya5400]

The global aquafeed market is on a trajectory of significant expansion, with an estimated value projected to reach USD 84.2 billion by 2029 from the 2024 valuation of USD 59.0 billion, displaying a promising Compound Annual Growth Rate (CAGR) of 7.4%. Demand for seafood and innovation in aquaculture technologies are driving the growth of the aquafeed market. 

[rohit0024]

Aquafeed Market Worth $102.3 Billion By 2030 | CAGR: 4.4%

September 2024 | Report Format: Electronic (PDF) Aquafeed Market Growth & Trends The global aquafeed market size is expected to reach USD 102.3 billion by 2030, registering a CAGR of 4.4% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the rising consumption of aquafeed by species like carp, catfish, salmon, and shrimps, among others…

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Fish Oil Market Size, Trends, and Growth Forecast to 2025

The Fish Oil Market is experiencing significant growth, driven by increasing awareness of the health benefits associated with omega-3 fatty acids, which are abundant in fish oil. These benefits include improved cardiovascular health, enhanced brain function, and reduced inflammation.

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Market Overview:

Market Size and Growth: The global fish oil market was valued at approximately USD 3.08 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2030.

Key Market Drivers:

Health Benefits of Omega-3 Fatty Acids: The growing recognition of the health advantages of omega-3 fatty acids is a primary factor propelling market growth. Fish oil, rich in these fatty acids, is known for its anti-inflammatory properties and its role in supporting heart and brain health.

Rising Demand for Dietary Supplements: There is an increasing consumer preference for dietary supplements, particularly those containing omega-3 fatty acids, to support overall wellness and manage chronic health conditions.

Expansion of the Aquaculture Industry: The growing aquaculture industry utilizes fish oil as a key ingredient in aquafeed, enhancing the nutritional quality of farmed fish and contributing to market growth.

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Regional Insights:

North America: The United States is projected to hold 77.4% of the North American market share in 2024, driven by the increasing demand for dietary supplements and the growing awareness of the health benefits of omega-3 fatty acids.

Asia-Pacific: This region holds a significant market share, valued at USD 1.16 billion in 2021, and is expected to reach USD 1.81 billion by 2030, growing at a CAGR of 5%. The market is driven by the expanding aquaculture industry in countries like China, Japan, and India, where fish oil is used as aquafeed.

Challenges:

Sustainability Concerns: Overfishing and environmental concerns pose challenges to the sustainable supply of fish oil, potentially affecting production costs and availability.

Regulatory Issues: Regulatory restrictions on the permitted levels of contaminants in fish oil products can impact production processes and market dynamics.

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