Latin America Fish Feed Market

Latin America Fish Feed Market Size (2024 to 2029)

The Latin American fish feed market size is expected to reach USD 22.18 billion in 2024 and reach USD 35.16 billion by 2029, growing at a CAGR of 9.65% from 2024 to 2029.

Fish Feed is an important part of modern commercial aquaculture, providing the balanced nutrition needed by farmed fish. The feeds, in the form of pellets or granules, provide the nutrition in a concentrated and a stable form, enabling the fish to feed efficiently and grow at their full potential.

Traditionally two of the most important ingredients have been fish oil and fishmeal. The development of dry pelleted fish feeds to date has two main themes. One theme is improving digestibility and refining the balance of nutrients so as to match the needs of the different species of fish more precisely at different periods of development. The other type is to improve the sustainability of the ingredients used. This is being attained mainly by identifying additional sustainable sources of ingredients, in particular, to reduce the need for fish oil and fishmeal. Improving the efficiency of feeding also assists sustainability.

The driving factors of the Latin America fish feed market are population growth, rising income, and rapid urbanization, which is facilitated by the strong expansion of fish production and more efficient distribution channels. The yield which is obtained from the wild catch cannot be increased sustainably, therefore, in the opinion of observers such as the food and agriculture organization of the United Nations, aquaculture must fill the gap.

SEGMENT ANALYSIS

Latin America Fish Feed Market Analysis By Ingredient Type

• Corn
• Soyabean
• Fish oil
• Fishmeal
• Additives
• Other Ingredients

Latin America Fish Feed Market Analysis By Additives Type

• Vitamins
• Antibiotics
• Amino Acids
• Antioxidants
• Feed Acidifiers
• Feed Enzymes
• Other Additives

Latin America Fish Feed Market Analysis By End-user

• Fish

• Salmon feed
• Carp feed
• Tilapia feed
• Catfish feed

• Molluscs

• Oyster feed
• Mussel feed

• Crustaceans

• Carb feed
• Shirmp feed

• Others

COUNTRY ANALYSIS

• Brazil
• Argentina
• Chile
• Mexico
• Rest of Latin America

Factors such as rising disposable incomes and rapid urbanization are expected to propel the market growth during the forecast period.

KEY PLAYERS IN THE LATIN AMERICA FISH FEED MARKET

Some of the major players in the market are Ridley Corporation Limited, Archer Daniels Midland Company, Nutreco N.V, Cargill, Avanti Feeds Limited, Purina Animal Nutrition, Biostadt India Limited, Alltech, Nutriad, and Biomar, among others.