At 7.4% CAGR, Europe Aquafeed Market is Projected to be WWorth US$ 12,429.33 Million by 2031 says Business Market Insights

According to Business Market Insights’ research, the Europe aquafeed market was valued at US$ 7,535.49 million in 2024 and is expected to reach US$ 12,429.33 million by 2031, registering a CAGR of 7.4% from 2024 to 2031. Rising demand for functional and medicated feed and growing aquaculture industry are among the critical factors attributed to drive the Europe aquafeed market.

The rising incidence of disease outbreaks in aquaculture systems has highlighted the critical need for effective nutritional solutions, driving the demand for functional and medicated feeds. Functional feeds, enriched with probiotics, prebiotics, and immune-boosting additives, play a vital role in enhancing the health and resilience of farmed aquatic species. These feeds improve gut health, optimize nutrient absorption, and strengthen the immune system, reducing the risk of diseases and mortality in aquaculture operations.

In addition to functional feeds, medicated feeds designed to target specific diseases present a significant growth opportunity in the global aquafeed market. These feeds are formulated with therapeutic agents to treat or prevent diseases caused by bacterial, fungal, or parasitic infections, which are prevalent in intensive farming systems. With disease outbreaks posing a significant threat to aquaculture productivity and profitability, the adoption of such feeds has become increasingly essential.

On the contrary, high cost of raw materials hampers the growth of Europe aquafeed market.

Based on ingredient type, the Europe aquafeed market is segmented into soybean, corn, fishmeal and fish oil, and others. The other segment held 41.0% market share in 2024, amassing US$ 3,086.62 million. It is projected to garner US$ 4,912.18 million by 2031 to register 6.9% CAGR during 2024–2031.

By species, the Europe aquafeed market is segmented into fish, crustaceans, mollusks, and others. The fish segment held 62.3% share of Europe aquafeed market in 2024, amassing US$ 5,805.61 million. It is projected to garner US$ 9,496.45 million by 2031 to expand at 7.3% CAGR from 2024 to 2031.

In terms of lifecycle, the Europe aquafeed market is categorized into starter feed, grower feed, finisher feed, and brooder feed. The starter feed segment held 34.7% share of Europe aquafeed market in 2024, amassing US$ 2,616.41 million. It is projected to garner US$ 4,479.51 million by 2031 to expand at 8.0% CAGR from 2024 to 2031.

Based on country, the Europe aquafeed market is categorized into Germany, France, Italy, Spain, the UK, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 71.6% share of Europe aquafeed market in 2024. It was assessed at US$ 5,394.26 million in 2024 and is likely to hit US$ 8,700.53 million by 2031, registering a CAGR of 7.1% during 2024 to 2031.

Key players operating in the aquafeed market are Cargill, Incorporated; World Feeds Limited; Kemin Industries Inc; Archer-Daniels-Midland Co; Alltech Inc; BioMar Group AS; Purina Animal Nutrition LLC; Godrej Agrovet Ltd; Aller Aqua AS; Raanan Fish Feed West Africa Limited; Arabian Agricultural Services Company; Bern Aqua NV; Avanti Feeds Limited; Skretting; Ridley Corporation Limited; Growel Feeds Pvt Ltd; Quality Feeds Limited; Grand Fish Feed; Dibaq Diproteg SA; and Marubeni Nisshin Feed Co Ltd., among others.

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