Fish Feed Market Size, Share, Growth Analysis, By Type(Ray-finned Fish Feed, Mackerel Feed, Ribbon Fish Feed, Cuttle Fish Feed and Other), By Ingredient(Corn, Soyabean, Fish Oil, Fish Meal and Other), By Additives(Vitamins, Antibiotics, Amino acid, Antioxidants), By Form(Pellet, Granules, Flakes, Sticks), By Feed(Starter Feed, Grower Feed, Finisher Feed, Brooder Feed), By Species(Tilapia, Salmon, Carp, Trout and Other), By End Use Application(Commercial, House Hold), By Distribution Channel(B2B, B2C (Store Based, Online Retail)), By Region - Industry Forecast 2024-2031

Global Fish Feed Market size was valued at USD 115 billion in 2022 and it is expected to grow from USD 123.86 billion in 2023 to USD 224.20 billion by 2031, at a CAGR of 7.7% during the forecast period (2024-2031).

The key factors promoting the growth of the fish feed market are increasing population, rapid urbanization, and rising income of people. The presence of high disposable income and the increase in popularity of multiple international cuisines propels the need for new dishes made of a variety of fishes, thereby augmenting the global demand for fish feed.

The consumption of fish has increased significantly in the last few years due to some of its benefits such as low carbon footprint, high per-unit yield, and unique protein content. These help to expand this market in the coming years. Manufacturers have varying composition of fish feed ingredients for different markets such as aquarium market and ornamental market which help them to broaden their consumer base.

The demand for fish feed is increased due to increasing aquaculture production. To meet this demand, this industry is constantly evolving and producing new products. The latest trends include the use of alternative protein and algae as well as the development of specialized feeds for different species.

US Fish Feed Market is poised to grow at a sustainable CAGR for the next forecast year.