Global Aquafeed Market Set for Significant Growth by 2034
New York, Saturday, 6 December 2025.
The aquafeed market is expected to grow significantly due to rising seafood consumption, aquaculture technology advancements, and demand for high-protein diets, reaching $95.4 billion by 2034.
Rising Global Demand and Technological Advances
The aquafeed market is anticipated to expand significantly, driven by several key factors. Notably, a rise in global seafood consumption has been observed, largely attributed to increasing consumer awareness regarding the health benefits of seafood as a high-protein diet option [1]. Technological advancements in aquaculture, such as improved feed formulations, have enhanced the nutritional profiles and feed conversion ratios, thereby supporting better fish growth and health [1].
Market Projections and Economic Implications
The global aquafeed market was valued at $62.4 billion in 2023 and is projected to reach $95.4 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2034 [1]. This growth trajectory emphasizes the strategic importance for stakeholders, including manufacturers and retailers, to adapt to changing market dynamics. The demand for aquafeed is expected to rise in tandem with the growth of aquaculture practices, which include both freshwater and marine farming, further driving the market expansion [1].
Regulatory and Environmental Considerations
In the United States, the National Marine Fisheries Service has implemented stringent regulatory frameworks to ensure sustainable fishing practices [1]. This has resulted in the prohibition of antibiotics as growth promoters in aquafeed, leading to an increased demand for natural alternatives such as essential oils [1]. Additionally, global regulatory shifts emphasize sustainability and environmental protection, compelling manufacturers to innovate with eco-friendly ingredients and production methods [2].
Regional Market Dynamics
Asia-Pacific is currently the most dominant region in the aquafeed market, driven by its high aquaculture production and fish consumption rates, along with supportive government policies and subsidies [1]. In contrast, North America is characterized by innovation and strong consumer purchasing power, while Europe focuses heavily on sustainability and regulatory compliance affecting product design [2].