Asia Pacific Aquafeed Market to Reach 94.0 Million Tons by 2033, Impelled by Increasing Consumption of Seafood

February 26, 2025 | Food & Beverages

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According to the latest report by IMARC Group, titled "Asia Pacific Aquafeed Market Report by End User (Carps, Shrimp, Tilapia, Mollusks, Catfish, Salmon, Lobsters, and Others), Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, and Others), Additives (Amino Acids, Antibiotics, Vitamins, Feed Acidifiers, and Others), Product Forms (Pellets, Extruded, Powdered, Liquid), and Country 2025-2033," the Asia Pacific aquafeed market size reached 51.6 Million Tons in 2024. Aquafeed refers to the feed given to aquatic farmed animals, which is composed of proteins, carbohydrates, fats, and micronutrients. It is considered essential for the growth and development of aquatic animals as it helps in mitigating the effects of stress, decreasing susceptibility to disease, and improving immunity levels. At present, key market players operating in the Asia Pacific region are introducing more sustainable and environment-friendly aquafeed formulations and focusing on improving the efficiency and profitability of the feed.

Asia Pacific Aquafeed Market Trends:

At present, changing dietary patterns, rising awareness about the benefits of consuming seafood, and the increasing number of pescatarians are among the key factors positively influencing the market in the Asia Pacific region. In addition, the incorporation of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), for improved packaging, feed safety compliance monitoring, transparent supply chain management, and effective cleaning, coupled with the advancement in methods for measuring the quality of aquafeeds throughout the manufacturing process, are strengthening the market growth in the region. Apart from this, the easy availability of seafood through online and offline distribution channels, coupled with secured payment gateways is creating a favorable market outlook. Furthermore, the growing awareness about the environmental impacts of aquaculture is resulting in increasing demand for aquafeed made from sustainable and natural ingredients, which is stimulating the market growth. Looking forward, the market volume is projected to reach 94.0 Million Tons by 2033, expanding at a CAGR of 6.55% during 2025-2033.

Market Summary:

On the basis of the ingredient, the market has been segmented into soybean, fish meal, corn, fish oil, additives, and others. At present, soybean holds the largest share of the market.
Based on the additives, the market has been segregated into amino acids, antibiotics, vitamins, feed acidifiers, and others. Vitamins represent the most commonly used additives in the aquafeed.
On the basis of the product form, the market has been classified into pellets, extruded, powdered, and liquid. Pellets currently account for the biggest market share.
Based on the end user, the market has been divided into carps, shrimp, tilapia, mollusks, catfish, salmon, lobsters, and others. At present, carps exhibit a clear dominance in the market.
Region-wise, the market has been segmented into China, Indonesia, Japan, Bangladesh, Thailand, Vietnam, India, Malaysia, South Korean and others. Amongst these, China enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Charoen Pokphand Group, BioMar, Aller Aqua, Tongwei Group Co., Ltd., Cargill Inc., Ridley Corp. Ltd., Alltech Coppens B.V., and Nutreco N.V., etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million Tons, Million USD
End User Covered	Carps, Shrimp, Tilapia, Mollusks, Catfish, Salmon, Lobsters, Others
Ingredient Covered	Soybean, Fish Meal, Corn, Fish Oil, Additives, Others
Additives Covered	Amino Acids, Antibiotics, Vitamins, Feed Acidifiers, Others
Product Forms Covered	Pellets, Extruded, Powdered, Liquid
Countries Covered	China, Indonesia, Japan, Bangladesh, Thailand, Vietnam, India, Malaysia, South Korea, Others
Companies Covered	Charoen Pokphand Group, BioMar, Aller Aqua, Tongwei Co. Ltd, Cargill, Ridley Corporation, Alltech Coppens B.V., and Nutreco N.V
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Asia Pacific Aquafeed Market to Reach 94.0 Million Tons by 2033, Impelled by Increasing Consumption of Seafood

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