Published by maria gbaf
Posted on January 28, 2022
5 min readLast updated: January 28, 2026
The fish feed market is set for significant growth, driven by increased production capacity and demand for organic certification. Key players focus on innovation and R&D to tackle industry challenges.
Exhibiting a CAGR of ~11%, the global fish feed market is slated for impressive growth between 2020 and 2030. Fish feed manufacturers are continuously driven towards increasing their production capacity by building state of art facilities at their sites to improve the quality and efficacy of their fish feed and boost the species performance and digestibility. Though, subjected to squeezed cash flow, likely Greenfield announcements are on hold and brownfield expansion may resume by the end of next quarter.
The cultivation of newly found species and their increasing applications in the feed industry is are key factors enabling growth in the fish feed market. New aquatic life, which are richer in protein and nutrient content, are gaining popularity as substitutes for older aquatic products. The rising demand for better and effective substitutes will spur the growth in the fish feed market.
The increasing frequency of disease outbreak in the last few years is adversely affecting production of major aquaculture species, including tilapia and shrimp. To contain this and ensure uninterrupted production, businesses will extensively invest in research and development activities. Such initiatives are likely to have positive impact on the overall market.
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The rising demand for organic food will also give impetus to the market. Driven by prevailing market forces, companies are likely to focus on “organic” certification. This is a key trend to look forward to in the fish feed market.
Key Takeaways from the Fish feed Market Study
Who is winning?
A few of the companies operating in the fish feed market are Cargill, Inc., Norel SA, Koninklijke DSM N.V., Aller Aqua A/S, BioMar Group, Zeigler Bros., Inc., Archer Daniel Midland, Skretting AS, Nutreco N.V., Biomin Holding GmbH, Dibaq Diproteg SA.
These companies are primarily focusing on developing innovative fish feed products. Besides this, some of them are emphasizing on acquisitions and investment in research and development of advanced technologies to launch novel products. For instance
Market Segmentation
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Key Questions Answered in the Report
The fish feed market is estimated to be valued at USD 112 billion in 2022 and is projected to reach USD 158 billion by 2032, recording a CAGR of 8.0%, in terms of value.
According to FMI’s study, the Fish feed market grew at 7.6% CAGR between 2017 and 2021.
The rising global fish consumption and an increase in processed seafood consumption are due to rising middle-class affluence in developing countries.The limited availability of marine feed resources as there is a growing demand for fish results in the growth of fish farming driving the demand for fish feed.
India, China, Japan, the United States, Brazil are the highest consumers of Fish feed.
Asia-pacific region is a leading market share in the global Fish feed market, estimated to account for more than 50% of the overall market in 2022.
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The article discusses the growth and trends in the global fish feed market from 2020 to 2031.
Increased production capacity, demand for organic certification, and R&D investments are key drivers.
Leading companies include Cargill, Nutreco, and BioMar Group, focusing on innovation and market expansion.
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