Philippines Aquafeed Market Size, Share, Trends and Forecast by Species, Ingredients, Additives, and Product Form, 2026-2034

Philippines Aquafeed Market Summary:

The Philippines aquafeed market size reached USD 3,919.30 Million in 2025. The market is projected to reach USD 7,257.04 Million by 2034, growing at a CAGR of 7.08% during 2026-2034. The market is driven by government initiatives to reduce feed costs through local production and infrastructure development, the advancement of cost-effective alternative feed ingredients utilizing by-products and locally-sourced materials, and strategic national planning frameworks promoting sustainability and competitiveness. Feed costs constitute 70 percent of aquaculture expenses, making cost reduction initiatives critical for sector growth. The expansion of aquaculture production, particularly in major species like tilapia, milkfish, and shrimp, alongside government support for feed mill construction and research into alternative ingredients, is fueling the Philippines aquafeed market share.

Key Takeaways:

• The Philippines aquafeed market was valued at USD 3,919.30 Million in 2025.
• It is projected to reach USD 7,257.04 Million by 2034, growing at a CAGR of 7.08% during 2026-2034.
• Government infrastructure investment in aquafeed production facilities is accelerating market growth, with the Philippine Senate approving construction of a government-funded aquafeed mill in Capiz in June 2025, designed to produce 30 metric tons daily and benefit over 1,300 fish farmers.
• Segmentation highlights:
  • Species: Carps, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater Crustaceans, Trout, Others
  • Ingredients: Soybean, Corn, Fish Meal, Fish Oil, Additives, Others
  • Additives: Vitamins and Minerals, Antioxidants, Feed Enzymes, Others
  • Product Form: Pellets, Extruded, Powdered, Liquid
• Regional Insights: The report covers major zones within the Philippines: Luzon, Visayas, and Mindanao.

Philippines Aquafeed Market Outlook (2026-2034):

The Philippines aquafeed market is positioned for substantial expansion driven by government initiatives aimed at reducing the burden of feed costs, which constitute up to 70 percent of total aquaculture production expenses. Strategic investments in local feed mill infrastructure and research into alternative protein sources from agricultural by-products will enhance feed affordability and accessibility. The National Aquaculture Development and Management Plan 2025-2030 provides a comprehensive framework for sector modernization, emphasizing sustainability and competitiveness. Additionally, the projected growth of Philippine aquaculture output to 965,000 metric tons by 2032, alongside continued expansion in high-value species cultivation, will sustain robust demand for quality aquafeed throughout the forecast period.

Impact of AI:

Artificial intelligence adoption in the Philippine aquafeed and aquaculture sectors remains in early developmental stages, with infrastructure limitations and awareness gaps presenting significant barriers. However, emerging AI applications demonstrate potential for transforming feed management practices. AI-powered systems are being developed for precision feeding, disease detection through behavioral monitoring, and optimization of feed conversion ratios. Projects such as Fish-I illustrate AI's capability in monitoring aquatic populations and environmental conditions efficiently. As digital infrastructure improves and the Department of Science and Technology continues investing over PHP 2.6 billion in AI projects, the technology is expected to play an increasingly important role in enhancing feed efficiency and aquaculture productivity.

Market Dynamics:

Key Market Trends & Growth Drivers:

Government Infrastructure Investment and Policy Support for Feed Production

The Philippine government is actively implementing initiatives to lower aquafeed production costs and strengthen the competitiveness of the aquaculture sector. Recognizing that feed expenses constitute a significant portion of production costs, government intervention focuses on infrastructure development and policy support to ease financial pressures on fish farmers. Key measures include the establishment of government-funded feed mills that utilize locally sourced raw materials, enhancing both cost efficiency and supply chain reliability. These facilities are strategically placed in major aquaculture regions to reduce transportation expenses and ensure steady feed availability. A notable example is the aquafeed mill approved in June 2025 in Barangay Bahit, Panay, Capiz, which will produce 30 metric tons of fish feed daily, covering roughly 30 percent of the province’s feed requirements. By sourcing raw materials locally, the facility is set to benefit over 1,300 fish farmers in Capiz, the country’s top milkfish-producing province, which contributes nearly half of the Western Visayas region’s aquaculture output. This project is among the largest government-funded feed mill initiatives under the Department of Agriculture-Bureau of Fisheries and Aquatic Resources, with operations planned for eventual transition to local government management, reflecting a long-term strategy for sustainable aquaculture development. This infrastructure investment model demonstrates government commitment to supporting small-scale and medium-scale fish farmers through improved feed accessibility and affordability, directly contributing to the Philippines aquafeed market growth.

Development of Cost-Effective Alternative Feed Ingredients

National Aquaculture Development Planning and Sustainability Initiatives

Key Market Challenges:

High Feed Costs and Dependency on Imported Ingredients

Aquafeed represents the largest operational expense for Philippine fish farmers, significantly influencing farm profitability and industry growth. Small-scale operators are particularly affected, as high feed costs strain limited financial resources. Imported protein sources, including fish meal and soybean meal, are major cost drivers, and their prices are highly sensitive to global market fluctuations. Supply chain disruptions, such as temporary import restrictions and logistical challenges, further increase costs. The Philippines’ archipelagic geography compounds the problem, as feed manufacturing facilities are concentrated in major urban centers, making inter-island transport expensive and complex. Improper storage during transit can also reduce feed quality and nutrient content, placing additional pressure on farmers. These factors create an environment where feed affordability directly affects operational viability, and smallholders often struggle to achieve economies of scale or bargaining power in feed procurement. As aquaculture operations expand and farmers seek to maintain production levels, managing feed costs remains a critical challenge, shaping both short-term decisions and long-term growth strategies. Efficient, locally adapted, and cost-effective feed solutions are therefore essential to support the sustainability of Philippine aquaculture.

Climate Change Impacts and Natural Disasters

The Philippines’ location in the typhoon belt exposes its aquaculture sector to frequent and increasingly severe natural disasters, causing substantial production losses and infrastructure damage. Typhoons, heavy rainfall, and storm surges can destroy fish cages, ponds, and pens, killing cultured stocks and forcing farmers to restart production cycles. These events reduce feed consumption as fish populations decline and water quality deteriorates. Rising water temperatures and extreme weather also create favorable conditions for disease outbreaks, which further lower fish appetite and feed efficiency. Past disasters, such as Super Typhoon Haiyan, highlighted the devastating impacts of converting natural ecosystems, such as mangroves, into aquaculture areas. Climate projections suggest that extreme events will become more frequent and intense, increasing operational uncertainty for farmers and affecting feed demand stability. Environmental stressors like algal blooms and salinity changes from dry spells and typhoons exacerbate mortality risks, making feed planning and stock management increasingly challenging. As a result, climate change and natural disasters remain critical factors influencing aquafeed utilization, farm resilience, and the long-term sustainability of the Philippine aquaculture sector.

Environmental Degradation and Water Quality Issues

Unsustainable aquaculture practices in the Philippines have caused significant environmental degradation, threatening sector viability and affecting feed efficiency. Coastal ecosystems, including mangroves and seagrass meadows, have been converted into fish ponds, resulting in habitat loss, biodiversity decline, and reduced natural coastal protection. Overstocking and overfeeding generate excessive organic waste, depleting dissolved oxygen levels and producing harmful by-products such as ammonia and hydrogen sulfide, which create lethal conditions for farmed fish. Recurring fish kills, as observed in lake cage aquaculture systems and coastal areas, reflect the combined effects of poor water circulation, eutrophication, and environmental stressors like harmful algal blooms. Reduced water quality decreases fish appetite and growth, undermining feed conversion efficiency. Contamination risks, including mycotoxins in plant-based feed ingredients, further threaten fish health, impairing growth, immune function, and cellular integrity. These environmental challenges create a negative feedback loop: poor water quality diminishes feed utilization, increases waste accumulation, and accelerates ecosystem degradation. Effective management of stocking densities, feeding practices, water quality, and feed safety is essential to maintain aquaculture productivity and safeguard both fish health and long-term environmental sustainability.

Philippines Aquafeed Market Report Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Philippines aquafeed market, along with forecasts at the country and regional levels for 2026-2034. The market has been categorized based on species, ingredients, additives, and product form.

Analysis by Species:

• Carps
• Marine Shrimps
• Tilapias
• Catfishes
• Marine Fishes
• Salmons
• Freshwater Crustaceans
• Trout
• Others

The report has provided a detailed breakup and analysis of the market based on the species. This includes carps, marine shrimps, tilapias, catfishes, marine fishes, salmons, freshwater crustaceans, trout, and others.

Analysis by Ingredients:

• Soybean
• Corn
• Fish Meal
• Fish Oil
• Additives
• Others

A detailed breakup and analysis of the market based on the ingredients have also been provided in the report. This includes soybean, corn, fish meal, fish oil, additives, and others.

Analysis by Additives:

• Vitamins and Minerals
• Antioxidants
• Feed Enzymes
• Others

The report has also provided a comprehensive analysis of the market based on additives. This includes vitamins and minerals, antioxidants, feed enzymes, and others.

Analysis by Product Form:

• Pellets
• Extruded
• Powdered
• Liquid

A detailed breakup and analysis of the market based on the product form have also been provided in the report. This includes pellets, extruded, powdered, and liquid.

Analysis by Region:

• Luzon
• Visayas
• Mindanao

The report has also provided a comprehensive analysis of all the major regional markets, which include Luzon, Visayas, and Mindanao.

Competitive Landscape:

The Philippines aquafeed market is moderately competitive, characterized by the presence of established multinational feed manufacturers and domestic producers serving diverse aquaculture segments. Major international companies including Archer Daniels Midland, Cargill, and Alltech maintain operations in the country, leveraging global expertise in feed formulation, ingredient sourcing, and quality control systems. These multinational players compete on technical innovation, product consistency, and comprehensive nutritional solutions across multiple species. Domestic manufacturers such as Santeh Feeds Corporation provide locally-adapted formulations with competitive pricing structures and responsive distribution networks tailored to Philippine aquaculture practices. The competitive landscape is evolving with government initiatives establishing public sector feed mills that introduce additional capacity while maintaining focus on affordability for smallholder farmers. Competition centers on feed conversion ratios, ingredient quality, pricing, technical support services, and supply reliability. The market also features regional feed cooperatives and smaller-scale producers serving localized markets with customized formulations. Strategic partnerships between feed manufacturers, research institutions, and government agencies are increasingly common, facilitating technology transfer and development of cost-effective alternative ingredients. The entry of government-backed feed facilities introduces a hybrid competitive dynamic that prioritizes public benefit alongside commercial viability.

Philippines Aquafeed Industry Latest Developments:

• June 2025: The Philippine Senate approved the construction of a government-funded aquafeed mill in Barangay Bahit, Panay, Capiz, designed to produce 30 metric tons of fish feed daily. The facility will source local raw materials to reduce feed costs, which account for 70 percent of aquaculture expenses, benefiting over 1,300 fish farmers. Capiz ranks first nationally in milkfish production and leads aquaculture output in Western Visayas. The project represents one of the largest aquaculture feed mill plants funded by the national government under the Department of Agriculture-Bureau of Fisheries and Aquatic Resources.
• May 2025: The Food and Agriculture Organization and the Bangsamoro Autonomous Region in Muslim Mindanao launched a Japan-funded USD 4.7 million project to strengthen sustainable fisheries and aquaculture in Mindanao. Building on previous peacebuilding efforts, the initiative aims to support 4,000 small-scale fishers and farmers, promote food security, and empower women and youth internally displaced persons through improved aquaculture practices and infrastructure.
• February 2025: The Department of Agriculture-Philippine Rural Development Project Caraga, in collaboration with DA-Bureau of Fisheries and Aquatic Resources Caraga, launched the "Production of Bangus and Tilapia (Fry to Grow-out) Using Locally Formulated Feeds" Convergence Project. The initiative evaluates the efficiency of locally formulated feeds compared to commercial alternatives by assessing feed conversion ratio, return on investment, and overall fish quality from fry to grow-out stages to determine viability for widespread adoption across the aquaculture sector.

Philippines Aquafeed Market Report Coverage:

Key Questions Answered in This Report:

• How has the Philippines aquafeed market performed so far and how will it perform in the coming years?
• What is the breakup of the Philippines aquafeed market on the basis of species?
• What is the breakup of the Philippines aquafeed market on the basis of ingredients?
• What is the breakup of the Philippines aquafeed market on the basis of additives?
• What is the breakup of the Philippines aquafeed market on the basis of product form?
• What is the breakup of the Philippines aquafeed market on the basis of region?
• What are the various stages in the value chain of the Philippines aquafeed market?
• What are the key driving factors and challenges in the Philippines aquafeed market?
• What is the structure of the Philippines aquafeed market and who are the key players?
• What is the degree of competition in the Philippines aquafeed market?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Philippines aquafeed market from 2020-2034.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Philippines aquafeed market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Philippines aquafeed industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.