Marine Feed Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global marine feed market. The report provides an in-depth evaluation of key market dynamics, including drivers, trends, opportunities, and challenges, offering valuable insights into the structure of the market. This research publication presents exclusive data and forecasts the growth trajectory of the global marine feed market from 2025 to 2032.

Key Insights:

Marine Feed Market Size (2025E): USD 42.10 Bn
Projected Market Value (2032F): USD 69.9 Mn
Global Market Growth Rate (CAGR 2025 to 2032): 7.5%

Marine Feed Market - Report Scope:

Marine feed is an essential component in the aquaculture industry, particularly for fish farming. The market for marine feed is crucial for ensuring the health, growth, and sustainability of farmed marine species such as salmon, shrimp, and tilapia. The market includes various types of feed, such as fish meal-based, plant-based, and other alternative protein sources, to meet the nutritional requirements of marine organisms. The market is influenced by increasing global demand for seafood, advancements in feed technology, and the rising focus on sustainability in aquaculture practices.

Market Growth Drivers:

The global marine feed market is propelled by several factors, including the growing demand for seafood due to the increasing global population and dietary shifts toward protein-rich foods. The rise in aquaculture practices, especially in emerging markets, significantly boosts the demand for marine feed. Additionally, the development of high-quality, sustainable feed alternatives such as plant-based proteins and insect meals is contributing to market growth. Technological innovations in feed formulations, including functional feeds that improve fish health and growth rates, further support market expansion. As a result, fish farming practices are becoming more efficient, which benefits both producers and consumers.

Market Restraints:

Despite positive growth prospects, the marine feed market faces challenges related to raw material sourcing and fluctuating prices, especially for fishmeal, which is a key ingredient in marine feed. Sustainability concerns regarding overfishing for fishmeal production also present significant obstacles. Furthermore, the adoption of alternative feed ingredients requires overcoming regulatory hurdles and consumer acceptance. Market players must address these challenges through innovative, sustainable sourcing and alternative feed formulations.

Market Opportunities:

The marine feed market presents substantial opportunities driven by advancements in feed formulation and the adoption of sustainable practices. The growing shift toward plant-based and insect protein sources presents an opportunity to reduce the reliance on traditional fishmeal and promote more environmentally friendly feed options. The increasing focus on improving feed efficiency, reducing waste, and enhancing fish health opens new avenues for innovation. Additionally, the expansion of the aquaculture industry in Asia Pacific, Latin America, and Africa presents significant growth opportunities for market participants.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the marine feed market globally?
Which feed types and formulations are driving adoption in different aquaculture practices?
How are technological advancements reshaping the competitive landscape of the marine feed market?
Who are the key players contributing to the marine feed market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global marine feed market?

Competitive Intelligence and Business Strategy:

Leading players in the global marine feed market, including Cargill, Inc., Nutreco N.V., and Charoen Pokphand Foods, focus on product innovation, sustainability, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced feed formulations, including functional and alternative protein feeds, catering to the evolving needs of the aquaculture industry. Collaborations with fish farms, feed producers, and sustainability-focused organizations help enhance product offerings and market penetration. Furthermore, market players are working on increasing the sustainability of their supply chains, focusing on reducing the environmental impact of their operations. The shift towards plant-based, insect-based, and algae-based proteins is becoming more prevalent, opening new avenues for companies to explore in the growing market.

Key Companies Profiled:

Cargill, Inc.
Nutreco N.V.
Charoen Pokphand Foods
DSM Nutritional Products
Alltech, Inc.
Biomar Group
Ewos Group
Skretting
Agrain
Beneo GmbH

Marine Feed Market Research Segmentation

By Species:

Fish
Crustaceans
Mollusks

By Ingredients:

Soybean Meal
Wheat and Corn
Fish Meal
Fish Oil
Krill Meal
Shrimp Meal
Squid Meal
Algae and Microalgae
Seaweed and Seagrass

By Form:

Pellets
Powder
Granules
Flakes

By Distribution Channel:

Business-to-Business
Business-to-Consumer

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33731

1. Executive Summary

1.1. Global Marine Feed Market Snapshot, 2025 - 2032
1.2. Market Opportunity Assessment, 2025 - 2032, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Type Lifecycle Analysis
2.4. Marine Feed Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Marine Feed Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019 - 2023
- 3.2.2. Current Market Size Forecast, 2025 - 2032
3.3. Global Marine Feed Market Outlook: Species
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Species, 2019 - 2023
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Species, 2025 - 2032
  - 3.3.3.1. Fish
  - 3.3.3.2. Crustaceans
  - 3.3.3.3. Mollusks
  - 3.3.3.4. Others (Squid)
3.4. Market Attractiveness Analysis: Species
3.5. Global Marine Feed Market Outlook: Ingredients
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Ingredients, 2019 - 2023
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ingredients, 2025 - 2032
  - 3.5.3.1. Soybean Meal
  - 3.5.3.2. Wheat and Corn
  - 3.5.3.3. Fish Meal
  - 3.5.3.4. Fish Oil
  - 3.5.3.5. Krill Meal
  - 3.5.3.6. Shrimp Meal
  - 3.5.3.7. Squid Meal
  - 3.5.3.8. Algae and Microalgae
  - 3.5.3.9. Seaweed and Seagrass
  - 3.5.3.10. Others (Spirulina, Yeast)
3.6. Market Attractiveness Analysis: Ingredients
3.7. Global Marine Feed Market Outlook: Form
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Form, 2019 - 2023
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2025 - 2032
  - 3.7.3.1. Pellets
  - 3.7.3.2. Powder
  - 3.7.3.3. Granules
  - 3.7.3.4. Flakes
3.8. Market Attractiveness Analysis: Form
3.9. Global Marine Feed Market Outlook: Distribution Channel
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Distribution Channel, 2019 - 2023
- 3.9.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2025 - 2032
  - 3.9.3.1. Business-to-Business
  - 3.9.3.2. Business-to-Consumer
3.10. Market Attractiveness Analysis: Distribution Channel

4. Global Marine Feed Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2019 - 2023
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2025 - 2032
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Marine Feed Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019 - 2023
- 5.3.1. By Country
- 5.3.2. By Species
- 5.3.3. By Ingredients
- 5.3.4. By Form
- 5.3.5. By Distribution Channel
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2025 - 2032
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Species, 2025 - 2032
- 5.5.1. Fish
- 5.5.2. Crustaceans
- 5.5.3. Mollusks
- 5.5.4. Others (Squid)
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ingredients, 2025 - 2032
- 5.6.1. Soybean Meal
- 5.6.2. Wheat and Corn
- 5.6.3. Fish Meal
- 5.6.4. Fish Oil
- 5.6.5. Krill Meal
- 5.6.6. Shrimp Meal
- 5.6.7. Squid Meal
- 5.6.8. Algae and Microalgae
- 5.6.9. Seaweed and Seagrass
- 5.6.10. Others (Spirulina, Yeast)
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2025 - 2032
- 5.7.1. Pellets
- 5.7.2. Powder
- 5.7.3. Granules
- 5.7.4. Flakes
5.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2025 - 2032
- 5.8.1. Business-to-Business
- 5.8.2. Business-to-Consumer
5.9. Market Attractiveness Analysis

6. Europe Marine Feed Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019 - 2023
- 6.3.1. By Country
- 6.3.2. By Species
- 6.3.3. By Ingredients
- 6.3.4. By Form
- 6.3.5. By Distribution Channel
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2025 - 2032
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Species, 2025 - 2032
- 6.5.1. Fish
- 6.5.2. Crustaceans
- 6.5.3. Mollusks
- 6.5.4. Others (Squid)
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ingredients, 2025 - 2032
- 6.6.1. Soybean Meal
- 6.6.2. Wheat and Corn
- 6.6.3. Fish Meal
- 6.6.4. Fish Oil
- 6.6.5. Krill Meal
- 6.6.6. Shrimp Meal
- 6.6.7. Squid Meal
- 6.6.8. Algae and Microalgae
- 6.6.9. Seaweed and Seagrass
- 6.6.10. Others (Spirulina, Yeast)
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2025 - 2032
- 6.7.1. Pellets
- 6.7.2. Powder
- 6.7.3. Granules
- 6.7.4. Flakes
6.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2025 - 2032
- 6.8.1. Business-to-Business
- 6.8.2. Business-to-Consumer
6.9. Market Attractiveness Analysis

7. East Asia Marine Feed Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019 - 2023
- 7.3.1. By Country
- 7.3.2. By Species
- 7.3.3. By Ingredients
- 7.3.4. By Form
- 7.3.5. By Distribution Channel
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2025 - 2032
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Species, 2025 - 2032
- 7.5.1. Fish
- 7.5.2. Crustaceans
- 7.5.3. Mollusks
- 7.5.4. Others (Squid)
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ingredients, 2025 - 2032
- 7.6.1. Soybean Meal
- 7.6.2. Wheat and Corn
- 7.6.3. Fish Meal
- 7.6.4. Fish Oil
- 7.6.5. Krill Meal
- 7.6.6. Shrimp Meal
- 7.6.7. Squid Meal
- 7.6.8. Algae and Microalgae
- 7.6.9. Seaweed and Seagrass
- 7.6.10. Others (Spirulina, Yeast)
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2025 - 2032
- 7.7.1. Pellets
- 7.7.2. Powder
- 7.7.3. Granules
- 7.7.4. Flakes
7.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2025 - 2032
- 7.8.1. Business-to-Business
- 7.8.2. Business-to-Consumer
7.9. Market Attractiveness Analysis

8. South Asia & Oceania Marine Feed Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019 - 2023
- 8.3.1. By Country
- 8.3.2. By Species
- 8.3.3. By Ingredients
- 8.3.4. By Form
- 8.3.5. By Distribution Channel
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2025 - 2032
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Species, 2025 - 2032
- 8.5.1. Fish
- 8.5.2. Crustaceans
- 8.5.3. Mollusks
- 8.5.4. Others (Squid)
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ingredients, 2025 - 2032
- 8.6.1. Soybean Meal
- 8.6.2. Wheat and Corn
- 8.6.3. Fish Meal
- 8.6.4. Fish Oil
- 8.6.5. Krill Meal
- 8.6.6. Shrimp Meal
- 8.6.7. Squid Meal
- 8.6.8. Algae and Microalgae
- 8.6.9. Seaweed and Seagrass
- 8.6.10. Others (Spirulina, Yeast)
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2025 - 2032
- 8.7.1. Pellets
- 8.7.2. Powder
- 8.7.3. Granules
- 8.7.4. Flakes
8.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2025 - 2032
- 8.8.1. Business-to-Business
- 8.8.2. Business-to-Consumer
8.9. Market Attractiveness Analysis

9. Latin America Marine Feed Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019 - 2023
- 9.3.1. By Country
- 9.3.2. By Species
- 9.3.3. By Ingredients
- 9.3.4. By Form
- 9.3.5. By Distribution Channel
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2025 - 2032
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Species, 2025 - 2032
- 9.5.1. Fish
- 9.5.2. Crustaceans
- 9.5.3. Mollusks
- 9.5.4. Others (Squid)
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ingredients, 2025 - 2032
- 9.6.1. Soybean Meal
- 9.6.2. Wheat and Corn
- 9.6.3. Fish Meal
- 9.6.4. Fish Oil
- 9.6.5. Krill Meal
- 9.6.6. Shrimp Meal
- 9.6.7. Squid Meal
- 9.6.8. Algae and Microalgae
- 9.6.9. Seaweed and Seagrass
- 9.6.10. Others (Spirulina, Yeast)
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2025 - 2032
- 9.7.1. Pellets
- 9.7.2. Powder
- 9.7.3. Granules
- 9.7.4. Flakes
9.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2025 - 2032
- 9.8.1. Business-to-Business
- 9.8.2. Business-to-Consumer
9.9. Market Attractiveness Analysis

10. Middle East & Africa Marine Feed Market Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019 - 2023
- 10.3.1. By Country
- 10.3.2. By Species
- 10.3.3. By Ingredients
- 10.3.4. By Form
- 10.3.5. By Distribution Channel
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2025 - 2032
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Species, 2025 - 2032
- 10.5.1. Fish
- 10.5.2. Crustaceans
- 10.5.3. Mollusks
- 10.5.4. Others (Squid)
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ingredients, 2025 - 2032
- 10.6.1. Soybean Meal
- 10.6.2. Wheat and Corn
- 10.6.3. Fish Meal
- 10.6.4. Fish Oil
- 10.6.5. Krill Meal
- 10.6.6. Shrimp Meal
- 10.6.7. Squid Meal
- 10.6.8. Algae and Microalgae
- 10.6.9. Seaweed and Seagrass
- 10.6.10. Others (Spirulina, Yeast)
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2025 - 2032
- 10.7.1. Pellets
- 10.7.2. Powder
- 10.7.3. Granules
- 10.7.4. Flakes
10.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2025 - 2032
- 10.8.1. Business-to-Business
- 10.8.2. Business-to-Consumer
10.9. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2024
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Induction Hobs
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Cargill, Inc.
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Zeigler Bros., Inc.
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Archer Daniels Midland
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Alltech Inc
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Skretting AS
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Aller Aqua A/S
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Sonac B.V.
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. BioMar Group
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Nutreco N.V.
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Biomin Holding GmbH
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Ridley Corp.Ltd
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations

Marine Feed Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032