Published by mark itwired
Posted on September 24, 2021
4 min readLast updated: February 2, 2026
The fish feed market is growing at a CAGR of 11% from 2020 to 2030, driven by aquaculture sector expansion and demand for organic products.
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.
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.
“The demand for commercially produced feed, water treatment products, feed additives, fertilizers, and vaccines will increase in the coming years. Recently genetics and animal health products have become more sophisticated. This will aid in the development of feed of desired effect,” said an FMI analyst.
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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
Future Market Insights, in its new offering, provides an unbiased analysis of the global fish feed market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the fish feed market based product type (plant based, fish & fish by products, microorganism), form (pellet, granules, flakes, sticks, and powder), end use application (commercial and household), distribution channel (b2b and b2c) across seven major regions.
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The post Fish Feed Market is driven by Expansion of Operations in Aquaculture Sector and Fisheries, says FMI first appeared on Market Research Blog.
The article discusses the growth of the fish feed market driven by aquaculture sector expansion and fisheries operations.
The fish feed market is expected to grow at a CAGR of 11% between 2020 and 2030.
Key trends include the demand for organic certification and increased R&D investment for innovative fish feed solutions.
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