Fish Feed Market By Type (Medicated Feed, Non-medicated Feed, Organic Feed, Conventional Feed, Functional Feed), By Additive (Vitamins & Minerals, Probiotics & Prebiotics, Enzymes, Antioxidants, Pigments, Flavor Enhancers, Binders & Preservatives), By Form (Pellets, Granules, Powder, Flakes, Extruded Feed, Others), By Fish Species (Tilapia, Salmon, Carp, Catfish, Trout, Sea Bass, Others), By Distribution Channel (Online Retail, Aquaculture Supply Stores, Pet Stores, Agricultural Cooperatives, Veterinary Clinics, Distributors & Dealers), By End User (Commercial Aquaculture, Ornamental Fish Keeping, Research & Educational Institutions, Aquaponics), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles and Market Forecast, 2025 – 2035

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Industry Outlook

The Fish Feed Market accounted for USD 136.12 Billion in 2024 and USD 142.05 Billion in 2025 and is expected to reach USD 217.67 Billion by 2035, growing at a CAGR of around 4.36% between 2025 and 2035. Fish feed is specially designed food offered to fish in aquaculture or fish farming so they grow well, reach maturity, and give maximum results. A pet’s food is made using fishmeal, grains, and sometimes plant proteins, alongside vitamins and minerals, to provide the right nutrition for a variety of animals. Interest in seafood is growing, along with more fish farming and a desire for better, more sustainable feeding of fish, which is boosting the fish feed market. The feed industry is becoming increasingly varied due to regular formulation changes and stronger attention to environment-friendly and cheaper solutions. Aquaculture manufacturers are searching for different materials to cut their environmental footprint and back sustainable fish farming.

Industry Experts Opinion

“We are now entering an era of precision nutrition, in which, besides cost criteria, we try to integrate broader concepts of production performance and sustainability criteria. Examples will be given, showing that a judicious use of strategic raw materials like fishmeal, marine hydrolysates and fish oil, based on their unit nutrient cost, is an effective approach to enhance the overall performance of fish, enhance their robustness and improve sustainability.”

• Dr. Jorge Dias – Co-founder and Co-CEO, SPAROS LDA

Report Scope:

Market Dynamics

Increasing global demand for seafood is pushing the growth of aquaculture and fish feed usage.

Seafood is being consumed in larger amounts globally, so the fish feed market is growing largely because fish is widely seen as a protein people want to include in their diet. Declining fish in the oceans and a limit on capture fisheries have made aquaculture the main way to provide seafood for people. As a result, the number of fish farms has increased in countries that are developed and developing countries. Farms starting up and those already there increasing their capacity require high-quality and balanced fish feed more than before. The right feed for fish supports their growth, health, and how much food they turn into muscle, which is why it’s so important for aquaculture farming.

Because tilapia, salmon, and catfish are currently favoured by most consumers, demand for ready-made feed has climbed. Farmers are increasingly turning to scientifically designed feeds that contain everything each animal species requires, which supports predictable results and matches what the market expects. There is a trend in the sector towards feeding livestock with materials that are environmentally friendly and won’t break the bank, as people are paying more attention to these concerns. For this reason, feed makers are moving away from fishmeal by using sustainable and affordable plant-based substitutes. The success of aquaculture in providing seafood around the world means the fish feed industry will be crucial in helping to drive progress and increase spending on feed production and distribution.

New technologies in feed formulation are making fish feed more efficient and environmentally friendly.

Changes in feed technology greatly improve how efficiently and sustainably fish feed is made, which helps the fish feed market grow. New ways in feed production are helping manufacturers make better and healthier formulas that address what each fish species needs to eat. Microencapsulation and extrusion help preserve nutrients in feed, reduce waste, and save fish farmers money. They increase milling efficiency, promote healthier and faster growth of fish, and decrease the negative effects of aquaculture on nearby waters by lowering uneaten feed waste and nutrient pollution. Automated feeders that use sensors are now being applied along with feed technology to improve when and how much feed animals get.

Adding probiotics and beneficial ingredients is now a common part of fish feed, improving their health and reducing the amount of antibiotics they need. Areas that cultivate green and efficient feeds are per the global sustainability plan and also approved by regulators. With more pressure on the aquaculture industry regarding its impact on the environment, people are asking for innovative, clean, and efficient feed products. Thanks to these technological leaps, sustainable fish farming is possible, and feed companies can expand their business by meeting updated industry needs and customer wishes.

The high and unstable cost of raw materials like fishmeal and fish oil affects profitability.

The high and constantly fluctuating prices of fishmeal and fish oil prevent the fish feed market from growing. Farmers may make sure that their fish feed is nutrient-rich and healthy by employing these items. Fishmeal and fish oil are primarily provided by wild fish populations, making their supply dependent on factors such as too much fishing, changing weather, and changes in the environment.

Price changes caused by unpredictable supply make it even harder for feed manufacturers to keep their production costs the same. Unpredictable prices of raw materials cause factories to earn less, while the cost of fish feed goes up. This pressure also affects pricing, since companies need to stay under their rivals’ prices in certain markets. Volatile feed prices harm small and medium fish farming operators because they have very little financial leeway. Cheaper feed may be the only option for these farmers, but it can make the fish less healthy and reduce both their productivity and the total number of fish they produce.

Changeable prices over time add difficulties for both those who raise food and those who farm fish. While algae, insect meal, and plant-based products are being investigated as protein sources, they are still not common in the field because of cost and availability issues, as well as government rules. Relying on unchanging ingredients will prevent the livestock feed industry from growing and maintaining its stability until alternatives become real options. To handle this challenge, the industry must find sustainable ways to source, use a range of raw materials, and rely on new technology to secure profitability.

Growing interest in insect-based and plant-based proteins offers sustainable alternatives for fish feed.

More people interested in insect-based and plant-based proteins means that the Fish Feed Market can offer sustainable and cost-effective choices instead of fishmeal and fish oil. Proteins from black soldier fly larvae are a great source of amino acids and use fewer resources than most traditional sources. Because they are made from organic materials, insects take up less space, water, and energy than the animals used in traditional meals.

Research and development efforts are growing to explore using soy, pea, and algae to substitute for or include with marine ingredients. These options reduce stress on wild fish and help make aquaculture more sustainable so that it keeps up with the world's sustainability goals. Depending on alternative proteins addresses the usual issues of shifting prices and unstable supply of fishmeal and fish oil. New technology is helping to improve how insects and plants are used in feed, making sure they perform better than or as well as the standard ingredients. Because of this, companies can try fresh approaches, create new things, and make their brand different from others in a competitive market.

Using sustainable feed increases the interest of both green consumers and investors, which motivates aquaculture firms to make the change. Both government authorities and regulatory committees are promoting startups by providing them with guidance and the means to continue their work in the field. As their use increases, such alternatives are expected to alter fish feed manufacturing, making less use of limited marine sources and ensuring the industry’s long-term success and sustainability.

Developing species-specific fish feeds can improve growth rates and feed efficiency.

Species-specific fish feeds help the Fish Feed Market gain an advantage by giving each fish the specific nutrition it requires. Fish that are fed species-specific food are given a formulation based on how their digestion works, how quickly they grow, and their nutrient needs, which differ from general fish feed. Using this approach, fish can grow better and faster by feeding them less food. If feed efficiency increases, not only are expenses for fish farmers reduced, but the aquaculture industry also generates less waste. As more types of aquacultures are practiced, the need for advanced food will increase, encouraging businesses to make innovations. It would also benefit manufacturers, allowing them to produce more unique feeds for select lines and bring variety to the industry.

Making changes to fish feed can reduce health problems, strengthen their immunity, and improve taste or texture, earning fish more money in the market. Local aquaculture can develop well when feeds are formulated to suit the types of local species and their habitats. New technology in feeds, such as improved nutrition and ingredient selection, supports making these products. Since consumers want better fish feed and the industry moves toward sustainability, offering species-specific feeds gives companies that invest in research a profitable opportunity. Because of this innovation, more fish can be raised at the same time, while reducing the negative effects fish farming has on nature, which supports the industry’s future.

Segment Analysis

Based on Type, the Fish Feed Market is segmented into Medicated Feed, Non-medicated Feed, Organic Feed, Conventional Feed, and Functional Feed. The main reason why Non-medicated Feed is the leader among these is that it is commonly used in the commercial farming of aquatic organisms. Fish farmers like this segment because it gives the essential nutrients needed for fish growth without relying on antibiotics, which matches the rise in people aiming for healthier and safer seafood. Conventional Feed holds a large portion because it is both affordable and easy to obtain. However, people are paying more attention to Organic and Functional Feeds, inspiring companies to create new and improved products.

Based on Additive, the Fish Feed Market is divided into Vitamins & Minerals, Probiotics & Prebiotics, Enzymes, Antioxidants, Pigments, Flavor Enhancers, Binders & Preservatives. Most of the Vitamins & Minerals category focuses on supporting fish health, proper growth, and their immune system. Adding these additives means the nutrition is balanced and helps to stop productivity problems from nutritional imbalances. Many people are choosing probiotics and prebiotics because they help both gut health and feed efficiency, making them ideal for sustainable aquaculture. More and more, Enzymes and Antioxidants are being included in pet foods to help improve digestion and reduce oxidative stress in fish, therefore reflecting the segment’s increasing diversity.

Regional Analysis

The North American Fish Feed Market is driven by a well-established aquaculture industry focused on producing high-quality seafood to meet increasing consumer demand. With good technology and strong laws helping feed production, the region is safe and focused on sustainability. Firms put a lot of effort into researching and developing both personalized pet meals and eco-friendly products. Increased attention to sustainable aquaculture and the environment is prompting firms to discover new protein sources and make fish farming less harmful to nature. In addition, people wanting organic and ethically produced fish are driving the demand for more expensive fish feeds. North America’s market is further improved by both its leading brands and well-established supply chain.

The Asia Pacific Fish Feed Market is expanding rapidly due to the surge in aquaculture activities driven by the rising demand for seafood across countries like China, India, Vietnam, and Indonesia. Because of the region’s pleasant climate and rich water supply, fish farming is very successful, supporting the rapid growth of the sector. Putting more money into upgrading aquaculture facilities and choosing newer, improved feed technologies is helping the market to develop. Concerns about the environment and wanting to use alternatives to fishmeal are leading to more action in the Asia Pacific in the search for sustainable feed. Improving food security and growing aquaculture with government efforts are encouraging investment in the fish feed industry. All in all, this region has much potential for growth thanks to a growing population, urban environments, and changing food habits.

Competitive Landscape

The market for fish feed includes a mix of world-sized companies and local players trying to supply the booming aquaculture industry. The market is dominated by Cargill, ADM, and Skretting, which offer a large variety of products, perform good research, and reach consumers from many locations around the world. Innovation, sustainability, and the creation of environmentally safe feed ideas for specific species allow these brands to stay ahead of the competition. Further, local and small manufacturers earn their customers by addressing specific markets and providing inexpensive services helpful for local aquaculture.

Many companies seek to grow market share and expand their products using strategic partnerships, mergers, and acquisitions. Dedication to bringing in new protein sources and using advanced technologies in feed formulations means there is more competition, which leads to increased feed efficiency, nutritious results, and sustainability. The Fish Feed Market is very competitive, with firms working hard to be innovative and sustainable as new demands are introduced in global aquaculture.

Fish Feed Market, Company Shares Analysis, 2024

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Recent Developments:

• In January 2024, the Fisheries Minister for Assam inaugurated a new feed mill that can produce between 2 and 3 tonnes of fish feed every hour. Built according to CSS guidelines for a total cost of INR 199.50 lakhs, the fish feed mill will help supply more fish feed locally.

Report Coverage:

By Type

• Medicated Feed
• Non-medicated Feed
• Organic Feed
• Conventional Feed
• Functional Feed

By Additive

• Vitamins & Minerals
• Probiotics & Prebiotics
• Enzymes
• Antioxidants
• Pigments
• Flavor Enhancers
• Binders & Preservatives

By Form

• Pellets
• Granules
• Powder
• Flakes
• Extruded Feed
• Others

By Fish Species

• Tilapia
• Salmon
• Carp
• Catfish
• Trout
• Sea Bass
• Others

By Distribution Channel

• Online Retail
• Aquaculture Supply Stores
• Pet Stores
• Agricultural Cooperatives
• Veterinary Clinics
• Distributors & Dealers

By End User

• Commercial Aquaculture
• Ornamental Fish Keeping
• Research & Educational Institutions
• Aquaponics

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of the Middle East & Africa

List of Companies:

• Campbell Soup Company
• Unilever PLC
• The Kraft Heinz Company
• Nissin Foods Holdings Co., Ltd.
• Ajinomoto Co., Inc.
• Conagra Brands, Inc.
• Hain Celestial Group, Inc.
• General Mills, Inc.
• B&G Foods, Inc.
• Maruchan, Inc.
• Baxters Food Group Limited
• Premier Foods plc
• Toyo Suisan Kaisha, Ltd.
• Indofood Sukses Makmur Tbk

Frequently Asked Questions (FAQs)