At 8.1% CAGR, South & Central America Aquafeed Market is Projected to be WWorth US$ 11,903.28 Million by 2031 says Business Market Insights

According to Business Market Insights’ research, the South & Central America aquafeed market was valued at US$ 6,916.13 million in 2024 and is expected to reach US$ 11,903.28 million by 2031, registering a CAGR of 8.1% from 2024 to 2031. Technological advancements in feed production and growing aquaculture industry and increasing shift toward high-quality feed are among the critical factors attributed to drive the South & Central America aquafeed market.

Technological advancements in feed production are shaping the future of the aquafeed industry by enhancing efficiency, sustainability, and customization. Innovations such as precision nutrition and advanced formulation techniques allow manufacturers to create feeds tailored to the specific dietary requirements of different aquatic species. This ensures optimal growth rates, better feed conversion ratios, and improved immunity in farmed species, addressing the growing demand for high-quality seafood. Technologies such as microencapsulation and nanotechnology enable the efficient delivery of essential nutrients, vitamins, and minerals, reducing nutrient loss and enhancing feed stability under varying aquaculture conditions.

The integration of alternative protein sources, such as insect meal, algae, and single-cell proteins, has also been made feasible through advancements in processing and formulation technologies. These sustainable ingredients reduce dependency on fishmeal and fish oil, addressing environmental concerns and raw material cost fluctuations. Additionally, smart feeding systems powered by data analytics, machine learning, and the Internet of Things (IoT) are revolutionizing feed management. These systems monitor fish behavior, water quality, and environmental parameters in real-time to optimize feeding schedules and reduce wastage. Furthermore, advancements in enzyme technology and probiotics are improving nutrient digestibility and gut health, enhancing overall feed performance.

On the contrary, the high cost of raw materials hampers the growth of South & Central America aquafeed market.

Based on ingredient type, the South & Central America aquafeed market is segmented into soybean, corn, fishmeal and fish oil, and others. The other segment held 45.5% market share in 2024, amassing US$ 3,143.59 million. It is projected to garner US$ 5,234.72 million by 2031 to register 7.6% CAGR during 2024–2031.

By species, the South & Central America aquafeed market is segmented into fish, crustaceans, mollusks, and others. The fish segment held 65.0% share of South & Central America aquafeed market in 2024, amassing US$ 4,498.57 million. It is projected to garner US$ 7,573.83 million by 2031 to expand at 7.7% CAGR from 2024 to 2031.

In terms of lifecycle, the South & Central America aquafeed market is categorized into starter feed, grower feed, finisher feed, and brooder feed. The starter feed segment held 32.4% share of South & Central America aquafeed market in 2024, amassing US$ 2,237.57 million. It is projected to garner US$ 4,000.47 million by 2031 to expand at 8.7% CAGR from 2024 to 2031.

Based on country, the South & Central America aquafeed market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 73.3% share of South & Central America aquafeed market in 2024. It was assessed at US$ 5,067.54 million in 2024 and is likely to hit US$ 8,603.69 million by 2031, registering a CAGR of 7.9% 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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