North America Aquafeed Market Size, Share, Trends, COVID-19 Impact And Growth Forecasts Report - Segmented By End Use, By Additives, And By Country (The U.S, Canada) - Industry Analysis From 2024 to 2029

Updated On: January, 2024
ID: 605
Pages: 145

North America Aquafeed Market Size (2024 to 2029)

North America aquafeed market is expected to be valued at USD 50.73 billion in 2024 and reach at USD 80.97 billion by 2029, growing at a CAGR of 9.80%, from 2024 to 2029.

Aquafeed delivers the required nutrition for aquatic animals. Aquafeed is generally in the form of granules or pellets. They provide nutrition in a steady and concentrated form, allowing the species to feed effectively and grow to their full capacity.

Aquatic animals are a vital source of high-quality protein and consist of several vitamins and minerals. Aquatic animals such as fish comprise of Omega-3 fatty acids, which are heart-friendly and can make enhancements in brain development and reproduction. They are an essential food source in several countries. Aquaculture has the capacity of creating large quantities for a comparatively lower cost when compared to ruminants, fowl, or swine.

North America Aquafeed Market Drivers:

The major growth drivers in the North American Aquafeed market are the increase in fish consumption, growing consumer awareness regarding the protein content in the fish food, and limited availability of marine feed resources. However, environmental regulations on wild, marine and inland fisheries have made it difficult to procure important raw materials like fish meal, fish oil for feeds. The regulatory structure of the animal feeds industry which restricts the use of certain materials such as antibiotics, and increasing costs of raw materials are the chief factors hindering the growth of this regional market.

The North America aquafeed market is segmented and sub-segmented into following categories:

North America Aquafeed Market - By End Use:

  • Fish
    • Carp
    • Salmon
    • Tilapia
    • Catfish
    • others
  • Mollusks
    • Shrimp
    • Crab
    • Others
  • Crustaceans
    • Oyster
    • Mussel
    • others

Carp fish type has been observed to have the highest market share in the fish feed market. This is due to their abundant availability and popularity as common carp fish types are tolerant to most water conditions.

North America Aquafeed Market - By Additives:

  • Vitamins
  • Minerals
  • Antioxidants
  • Amino Acids
  • Enzymes
  • Acidifiers
  • Binders

Amino acids are an essential component of aquafeed with a market share of almost 21% in the total of the aquafeed market in 2018.

North America Aquafeed Market – By Region:

  • US
  • Canada

The USA leads the market in this region and is also the major market for Aquafeed with a global share of almost 27%. This regional market is slowly growing, as massive investments are being thrust into the market, and various R&D systems and facilities have been started to enhance the market growth.


Cargill, Inc, Nutreco N.V, Alltech Inc, AllerAqua A/S, Beneo GmbH, Biomar A/S, Charoen Pokphand Foods Public Company Limited, Coppens International B.V. some of the market players dominating the global aquafeed market.

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Frequently Asked Questions

What is the current market size of the North America aquafeed market?

The North American aquafeed market is expected to be valued at USD 50.73 billion in 2024 

How is the aquafeed market in North America responding to consumer preferences for sustainable seafood?

In North America, the aquafeed market is witnessing increased demand for eco-friendly and responsibly sourced aquafeed ingredients to meet consumer preferences for sustainable seafood products.

How is the adoption of alternative protein sources influencing the aquafeed market in North America?

In North America, the adoption of alternative protein sources such as insect meal, single-cell proteins, and algae-based ingredients in aquafeed formulations is driving innovation and market growth.

How is the aquafeed market in Canada responding to changing regulations for aquaculture practices?

In Canada, the aquafeed market is witnessing increased investments in research and development of sustainable feed ingredients and formulations to comply with evolving regulations for aquaculture practices.

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