Europe Aqua Feed Market Size (2024 - 2029)

The European aqua feed market is poised for steady growth, driven by increased fish farming and enhanced aquaculture strategies supported by the European Commission. Despite its smaller scale compared to regions like Asia-Pacific and North America, the market's expansion is fueled by rising seafood consumption and stringent regulations. The demand for high-protein feed materials, including fishmeal and plant-based proteins, is expected to rise as aquaculture production increases, contributing to the market's growth trajectory.

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Market Size of Europe Aqua Feed Industry

Europe Aqua Feed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration High

Major Players

Europe Aqua Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Aqua Feed Market Analysis

The European aqua feed market is anticipated to register a CAGR of 5.0% during the forecast period.

  • The European aquafeed market is quite small compared to other regions such as Asia-Pacific and North America. It has the potential for steady growth in the near future due to stringent regulations and hikes in raw materials prices. The growth of the European aquafeed market is majorly driven by an increase in fish farming and the introduction of new species, programs, and strategies for boosting aquaculture by the European Commission and the increased consumption of seafood due to the rising awareness about their health benefits.
  • The total aquaculture production in Europe was 17.4 million metric tons in 2022 which increased by 1.4% from 2019. The increase in production leads to increased demand for feed, thereby driving the market.
  • Aquaculture species require high protein content in feed materials, such as fishmeal, for quality produce. Sustainable aquaculture practices are effective due to plant-based protein content, such as Pangasius djambal and Pangasianodon hypophthalmus, and soybean meal, which are expected to boost the demand for feed in the market.

Europe Aqua Feed Industry Segmentation

Aquafeed is a mixture of raw materials, additives, and other supplements, sourced from natural or synthetic sources and fed to farmed fish in the form of pellets, granules, and powders. Aquafeed is primarily sourced from cereals, fishmeal, supplements, and other ingredients. 

The Europe aquafeed market is segmented by type (fish feed, crustaceans feed, mollusks feed, and other aquafeed), ingredients (cereals, fishmeal, supplements, and other ingredients), and geography (Germany, France, Italy, Spain, United Kingdom, Norway, Rest of Europe). 

The report offers the market size and forecasts in terms of value in USD million for all the above segments.

Type
Fish Feed
Carp
Salmon
Tilapia
Catfish
Other Fish Species
Crustaceans Feed
Shrimp
Other Crustacean
Mollusks Feed
Other Aquafeed
By Ingredient
Cereals
Fishmeal
Supplements
Other Ingredients
By Country
Germany
France
Italy
Spain
United Kingdom
Norway
Rest of Europe
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Europe Aqua Feed Market Size Summary

The European aquafeed market is poised for steady growth, driven by increasing fish farming activities and supportive initiatives from the European Commission to boost aquaculture. Despite being smaller in scale compared to regions like Asia-Pacific and North America, the market benefits from rising seafood consumption due to heightened awareness of its health benefits. The demand for aquafeed is further propelled by the need for high-protein feed materials, such as fishmeal and plant-based proteins, to support sustainable aquaculture practices. The region's focus on species like Pangasius and soybean meal is expected to enhance feed demand, aligning with the growing production of aquaculture species.

Fish dominate the European aquaculture sector, with countries like Spain, France, Italy, and Greece leading in production volumes. The region's fish feed industry is characterized by ongoing research into alternative protein sources, such as fish trimmings and insects, to meet the rising feed demand. Major players in the market, including Alltech, Nutreco N.V, and Cargill Inc., are actively engaging in strategies like new product launches and partnerships to strengthen their market presence. The consolidation of the market is evident as these companies continue to expand their operations and innovate to cater to the increasing demand for aquafeed in Europe.

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Europe Aqua Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Fish Feed

        1. 2.1.1.1 Carp

        2. 2.1.1.2 Salmon

        3. 2.1.1.3 Tilapia

        4. 2.1.1.4 Catfish

        5. 2.1.1.5 Other Fish Species

      2. 2.1.2 Crustaceans Feed

        1. 2.1.2.1 Shrimp

        2. 2.1.2.2 Other Crustacean

      3. 2.1.3 Mollusks Feed

      4. 2.1.4 Other Aquafeed

    2. 2.2 By Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Fishmeal

      3. 2.2.3 Supplements

      4. 2.2.4 Other Ingredients

    3. 2.3 By Country

      1. 2.3.1 Germany

      2. 2.3.2 France

      3. 2.3.3 Italy

      4. 2.3.4 Spain

      5. 2.3.5 United Kingdom

      6. 2.3.6 Norway

      7. 2.3.7 Rest of Europe

Europe Aqua Feed Market Size FAQs

The Europe Aqua Feed Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

Alltech, BioMar Group, Cargill, Inc., Nutreco N.V. and Inve Aquaculture are the major companies operating in the Europe Aqua Feed Market.

Europe Aqua Feed Market Report Snapshots

Europe Aqua Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)