Global Aqua Feed Market to Reach USD 90.33 Billion by 2031, Growing at 6.86% CAGR


Posted August 31, 2026 by stevanthomas

Asia-Pacific remains the largest and fastest-growing regional market, supported by expanding aquaculture production and seafood demand.

 
Market Overview:
The global aqua feed market covers formulated feed products used across aquaculture, including fish and crustacean farming. Rising seafood consumption, expansion of intensive aquaculture and increasing focus on feed efficiency are supporting market growth. Advancements in feed nutrition are also driving demand for specialized formulations containing proteins, amino acids, probiotics and functional additives.

Key Market Drivers & Trends:
Growing aquaculture production and seafood consumption are increasing demand for nutritionally balanced feed. The market is also seeing greater adoption of functional and precision feed formulations, alongside sustainable protein sources such as plant-based proteins, insect meal, single-cell proteins and algae-based ingredients.

Market Segmentation:
The market is segmented by species, ingredient, form and feed stage. Fish represents the largest species segment, soybean is the leading ingredient, dry feed dominates by form, and grower feed represents the largest feed-stage segment.

Regional Insights:
Asia-Pacific is the largest and fastest-growing regional market, supported by its substantial aquaculture production, strong seafood consumption and established feed manufacturing infrastructure. Key markets covered include China, India, Japan, Australia and South Korea.

Competitive Landscape:
The competitive landscape includes Cargill, Guangdong Haid Group, Archer-Daniels-Midland Company, Nutreco, Godrej Agrovet, Avanti Feeds, BioMar Group, Aller Aqua and other industry participants.

Recent Developments:
Recent developments include BioMar's launch of a functional seabass feed solution in February 2026, Skretting's next-generation shrimp feed range in October 2025, and DSM-Firmenich's new feed additive plant in India in September 2025.

About Bonafide Research:
Bonafide Research is a market research and consulting firm providing market intelligence, industry analysis and competitive insights across global markets. Its research covers multiple industries and geographic markets, supporting organizations with structured data and analysis for strategic decision-making.

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Contact Email [email protected]
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Categories Agriculture , Food , Nutrition
Tags aquafeed market , aqua feed , aquaculture , fish feed , aquaculture feed
Last Updated August 31, 2026