The aquaculture industry is evolving fast—and so is its most critical input: feed. According to MRFR’s latest report, the aquafeed market is poised for remarkable growth, climbing from USD 57.67 billion in 2024 to a projected USD 123.42 billion by 2035, with a robust CAGR of 7.16%. For stakeholders in aquaculture, feed manufacturing, and investment, this trend spells both opportunity and innovation.

One of the most exciting areas is feed formulation innovation. Aquafeed companies are experimenting with next-generation ingredients—like insect protein, plant-based meals, and microbial sources—that reduce environmental impact and improve sustainability. These novel ingredients not only provide nutritional benefits but also align with consumer demand for eco-conscious seafood.

Beyond ingredients, there’s a surge in technology-driven feed production. Precision feeding systems, machine learning, and data analytics are enabling producers to fine-tune feed for different life stages and species, reducing waste while maximizing growth. According to MRFR, the adoption of such advanced technologies is helping the aquafeed market scale with both efficiency and environmental mindfulness.

Another major innovation frontier lies in functional aquafeed. Rather than just providing basic nutrition, new feed formulas are being enriched with additives that support immunity, digestion, and stress resilience in aquatic species. This is particularly important as intensive farming practices grow: healthier, more robust species drive down mortality and increase yield.

Regional dynamics also open up strategic opportunities. MRFR points to Asia-Pacific as the fastest-growing region foraquafeed market, driven by rapidly expanding aquaculture in countries like China and India. For feed companies, this represents a massive market to customize products for local species, regulatory regimes, and sustainability priorities.

Key players in the space—Cargill, Nutreco, Skretting, BASF, Alltech, ADM, Mowi, Cermaq, Biomar, and Evonik—are already capitalising on these trends. These companies are investing heavily in R&D, leveraging partnerships with farms, and scaling up production of next-gen feeds.

Table of Contents

 

  • Executive Summary
  • Market Introduction
  • Market Dynamics
  • Market Segmentation
  • Regional Analysis
  • Competitive Landscape
  • Future Outlook
  • Conclusion
  • Appendix