| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 52.33 Billion |
| Market Size (2030) | USD 66.15 Billion |
| CAGR (2025 - 2030) | 4.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market Analysis
The Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market size is estimated at USD 52.33 billion in 2025, and is expected to reach USD 66.15 billion by 2030, at a CAGR of 4.80% during the forecast period (2025-2030).
The global fish feed market has grown significantly due to the rising demand for seafood products, particularly in regions like Asia-Pacific, Europe, and North America. The global population’s increased consumption of fish, seafood, and aquaculture products has driven the demand for high-quality fish and shrimp feed. For instance, according to the OECD, global fish consumption was 182,421 kilotons in 2022, which increased by 186,329 kilotons in 2023. Adding specialized additives to fish and shrimp feed enhances aquaculture products' nutritional value and health benefits.
The increasing global demand for fish and shrimp as a protein source has spurred growth in the fish and shrimp farming industries. Aquaculture is anticipated to be a major market driver, as it continues to expand in regions like Asia, Latin America, and Africa. China is the largest producer of farmed fish and shrimp, and as the middle class grows in countries like India and Brazil, demand for seafood products rises, consequently driving the fish feed market. In terms of production, as per USDA, China is one of the largest aquaculture shrimps (Penaeus vannamei) producers globally, producing nearly 2.1 million metric tons in 2022, up 6.1 percent from 2021.
Besides, technological advancements in aquaculture, including improvements in fish breeding, disease management, and feeding practices, have increased the need for high-quality, efficient feeds and additives. The use of precision aquaculture and automated feeding systems is making it easier to deliver the optimal type and amount of feed, boosting efficiency and output in shrimp and fish farms.
Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market Trends
Fish Segment Drives The Market Growth
The global consumption of fish and seafood has increased significantly due to population growth and rising income levels, particularly in emerging markets. Fish is preferred as a healthier protein source compared to other meats due to its low-fat content and high nutritional value, including omega-3 fatty acids, vitamins, and minerals. Asian countries, particularly China and India, have experienced substantial growth in seafood consumption. According to WorldFish statistics, per capita fish consumption increased by 81.43%, from 4.9 kg to 8.89 kg, with a 4.05% annual growth rate over the past 15 years. Among fish-consuming populations, annual per capita consumption grew by 66%, increasing the demand for farmed fish. This growth has led to a significant rise in the demand for specialized aquaculture feed.
Wild fish stocks are increasingly under pressure due to overfishing, making aquaculture the more sustainable way to meet growing seafood demand. Farmed fish (including species like tilapia, salmon, and trout) are raised using controlled feed, which ensures high yields. The growth of aquaculture thus directly translates into higher demand for fish feed and additives. Global production of farmed fish is projected to rise, with aquaculture accounting for more than 50% of total fish production, leading to greater use of specialized fish feed designed to optimize growth and health.
Advances in feed formulations have made fish farming more efficient. These improvements help optimize feed conversion ratios (FCR), reduce waste, and improve the overall growth rates of farmed fish, making aquaculture more cost-effective. The introduction of specialized feed additives such as enzymes, probiotics, and immunostimulants has enhanced the health of farmed fish and their ability to withstand diseases. Companies like Cargill and Nutreco have developed fish feed solutions that incorporate sustainable and functional additives to improve fish growth and immune response.
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Asia-Pacific Dominates the Market
The Asia Pacific region plays a dominant role in the fish feed, fish and shrimp feed, and shrimp additives markets. Asia Pacific is home to major aquaculture-producing countries like China, India, Vietnam, and Thailand. These nations have large-scale fish and shrimp farming industries that require substantial quantities of feed and additives to support their production. For instance, as per USDA, China shrimp production was 6,439 thousand metric tons in 2021, which increased by 6,848 thousand metric tons in 2022. Further, the increasing demand for seafood, driven by population growth, urbanization, and changing dietary habits, particularly in countries like China, India, and Southeast Asia, is a significant driver of the market for fish and shrimp feed.
Governments in the region have been increasingly investing in the development of sustainable aquaculture practices, which involves the use of high-quality feed and additives to improve production efficiency and reduce environmental impacts. In May 2023, the PRC (People's Republic of China) and Ecuador signed a free trade agreement, the agreement allows for preferential tariffs on over 95 percent of Ecuador’s exports to China, including numerous seafood products, such as white shrimps, fish, and fish oil. Duties on these products have been reduced to zero over time from the current 5 to 20 percent. Likewise, in 2023, China's second-largest aquatic feed producer, Tongwei Group, has invested CNY 1.2 billion (USD 164.1 million) to build a 200,000-square meter shrimp recirculating aquaculture system (RAS) in Dongying, in the eastern Shandong province.
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Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Industry Overview
The fish Feed, Fish Feed Additives, Shrimp, Shrimp Feed, and Shrimp Feed Additives market is moderately consolidated, consisting of small to medium feed and feed additive manufacturers and a few notable players, like Cargill Incorporated, Alltech, Biomar, Biomin and Aller Aqua. Strategies such as expansions and partnerships have helped the companies hold a major market share. Further, companies are innovating products to broaden their product lines and cater to the market.
Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market Leaders
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Cargill Incorporated
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Alltech
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Biomar
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Biomin
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Aller Aqua
- *Disclaimer: Major Players sorted in no particular order
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Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market News
- October 2024: The Central Marine Fisheries Research Institute (CMFRI) has developed an eco-friendly fish feed using black soldier fly larvae meal. The insect protein-based fish feed is anticipated to reduce dependency on traditional fishmeal, which is often linked to overfishing and fluctuating prices.
- February 2023: Alltech and Finnforel acquired the Raisioaqua fish feed production facility from the Finnish company Raisio. This acquisition will complete Finnforel’s sustainable circular-economy fish-farming chain while enhancing aquaculture producers’ access to Alltech’s nutritional technologies.
Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Industry Segmentation
Aquatic feed refers to food given to aquatic animals for survival. Additives are nutritive ingredients supplemented in small quantities to improve the quality of fish or shrimp as a final product, preserve the physical and chemical quality of their diet, or maintain the quality of the aquatic environment. The Aquatic Feed and Additives Market is Segmented by Animal Type (Fish and Shrimp), Additive Type (Binders, Vitamins, Amino Acids, Antioxidants, Enzymes, Antibiotics, Minerals, and Acidifiers), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecast in terms of value (USD) and in terms of volume (Metric tons) for the above-mentioned segments.
| Feed Market by Animal Type | Fish | ||
| Shrimp | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Asia-Pacific | India | ||
| Japan | |||
| China | |||
| Rest of Asia-Pacific | |||
| South America | Brazil | ||
| Ecuador | |||
| Rest of South America | |||
| Middle East & Africa | South Africa | ||
| Rest of Middle East & Africa | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Spain | |||
| Norway | |||
| Rest of Europe | |||
| Fish Feed Additives Market by Additive Type | Binders | ||
| Vitamins | |||
| Amino Acids | |||
| Antioxidants | |||
| Enzymes | |||
| Antibiotics | |||
| Minerals | |||
| Acidifiers | |||
| Shrimp Feed Additives Market by Additive Type | Binders | ||
| Vitamins | |||
| Amino Acids | |||
| Antioxidants | |||
| Enzymes | |||
| Antibiotics | |||
| Minerals | |||
| Acidifiers | |||
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Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market Research Faqs
How big is the Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market?
The Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market size is expected to reach USD 52.33 billion in 2025 and grow at a CAGR of 4.80% to reach USD 66.15 billion by 2030.
What is the current Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market size?
In 2025, the Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market size is expected to reach USD 52.33 billion.
Who are the key players in Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market?
Cargill Incorporated, Alltech, Biomar, Biomin and Aller Aqua are the major companies operating in the Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market.
Which is the fastest growing region in Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market?
In 2025, the Asia Pacific accounts for the largest market share in Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market.
What years does this Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market cover, and what was the market size in 2024?
In 2024, the Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market size was estimated at USD 49.82 billion. The report covers the Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Fish & Shrimp, Fish Feed & Shrimp Feed And Additives Industry Report
The Aquatic Feed and Additives Market is segmented by animal type, including fish and shrimp, and by additive type, such as binders, vitamins, amino acids, antioxidants, enzymes, antibiotics, minerals, and acidifiers. The market is also analyzed by geography, covering regions like North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. This industry analysis provides insights into market size and forecast in terms of value and volume for these segments.
The global market is driven by several key factors, including the increasing demand for high-quality aquatic feed and additives. Market analysis reveals that the industry is experiencing significant growth, with market leaders playing a crucial role in shaping trends. The market forecast indicates a positive outlook, with continuous advancements and innovations in feed and additive formulations. As a result, market growth is expected to remain robust over the forecast period.
This industry report offers a comprehensive overview of the current market scenario, including market share and market size. It also delves into market trends, highlighting the evolving preferences and needs of consumers. The report example provided offers a detailed industry overview, shedding light on the various factors influencing market dynamics.
In terms of market research, this report is a valuable resource for understanding the key drivers and challenges faced by the industry. The market review includes an in-depth analysis of market segmentation, providing insights into the different categories of feed and additives. Additionally, the report includes industry statistics and industry information, offering a detailed market outlook and market predictions.
Overall, this industry research emphasizes the importance of staying informed about the latest industry trends and market data. The report pdf is available for those seeking a more detailed analysis, including industry reports and industry sales figures. The market value of aquatic feed and additives continues to rise, driven by the growing demand for sustainable and nutritious feed options. Research companies can leverage this report to gain a deeper understanding of the market and identify opportunities for growth and innovation.
