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Aquafeed Market will grow at a CAGR of 5.37% to be valued at US$82.18 billion in 2030 from US$63.28 billion in 2025.
With the growing human population, the need for increased food production stands as a foremost concern for sustaining future food demands. To reduce the gap between food demand and supply, attention is turning to the sea for solutions. According to the World Bank, aquaculture is expected to become the primary source of seafood by 2030, driven by demand from the global middle class and limitations of wild capture fisheries.
Market Trends:
The rapidly growing aquaculture industry is anticipated to drive substantial growth in the aquafeed market. The rise in global seafood trade, fueled by globalization and higher consumer purchasing power, further supports this expansion. However, market growth faces challenges due to the volatile prices of essential raw materials like fish oil and fish meal, prompting the need for affordable alternatives.
Within the additives segment, amino acids are forecasted to witness strong growth during the forecast period, driven by rising consumer demand for nutrient-rich aquatic products. As the fundamental components of protein, amino acids are vital for enhancing production, growth, and overall health in aquatic species. Similarly, feed acidifiers are expected to see significant growth in the coming years, owing to their ease of use and high effectiveness.
Geographically, the Asia Pacific region accounted for the largest market share in 2024 and is projected to remain the dominant player throughout the forecast period. This growth is largely attributed to the region's thriving aquaculture sector, supported by low-cost labor and abundant natural resources. Increasing seafood consumption and trade, particularly in China, are further driving this trend. Meanwhile, the European aquafeed market is also expanding significantly, driven by rising seafood consumption in major economies.
Some of the major players covered in this report include Cargill, Inc., Archer Daniels Midland Company (ADM), Nutreco N.V., BioMar Group, Alltech, Inc., Ridley Corporation Limited, Skretting (a Nutreco company), Charoen Pokphand Foods PCL (CPF), and Purina Animal Nutrition (Land O'Lakes), among others.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
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Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030