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The global Floating Fish Feed Market Growth Accelerated by Surging Demand for Aquaculture

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Purvaja
The global Floating Fish Feed Market Growth Accelerated by Surging Demand for Aquaculture

Floating fish feed are pellet-shaped food given to fishes which float on the water surface. They are formulated to provide balanced nutrition to farmed fishes and help boost their growth. These feeds are essential for aquaculture as they come with important nutrients required for healthy physiological functions of fishes. The floating nature of these feeds ensures accurate dosing and eliminates wastage.

The global Floating Fish Feed Market is estimated to be valued at US$ 9.95 billion in 2024 and is expected to exhibit a CAGR of 34% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The surging demand for aquaculture is one of the major factors driving the growth of the floating fish feed market. Aquaculture is the farming of aquatic animals and plants and plays a vital role in meeting the rising demand for seafood worldwide. According to the Food and Agriculture Organization, aquaculture production has increased dramatically over the past few decades and accounted for about half of all fish consumed by humans globally in 2020. As aquaculture continues to expand to address the growing protein needs, the demand for high-quality floating fish feed from aquafarmers will also rise substantially over the forecast period. The incorporation of novel ingredients and nutrients in fish feed formulations to enhance health and disease resistance of farmed fishes is another key trend positively impacting the market growth.


Segment Analysis

The global floating fish feed market is dominated by compound fish feed segment. Compound fish feed refers to nutritionally balanced feed composed from various raw materials like fishmeal, soybean meal, corn, wheat and others. Compound fish feed provides balanced nutrition required for healthy growth of fishes. It contains essential proteins, vitamins, fatty acids and minerals in right proportions. Compared to extruded feed, compound fish feed is relatively cheaper and widely consumed.

Key Takeaways

The Global Floating Fish Feed Market Share is expected to witness high growth over the forecast period. The global Floating Fish Feed Market is estimated to be valued at US$ 9.95 billion in 2024 and is expected to exhibit a CAGR of 34% over the forecast period 2023 to 2030.


Regional analysis: Asia Pacific dominates the global floating fish feed market and is expected to maintain its dominance over the forecast period. Countries like China, India, Vietnam are major fish producers globally and the increased intensity of fish farming in these countries has fueled demand for floating fish feed.

Key players: Key players operating in the floating fish feed market are Cargill, Purina Animal Nutrition LLC, Aller Aqua A/S, Alltech Inc., BENEO GmbH, Nutreco N.V., Cermaq Group AS, Norel Animal Nutrition, BioMar Group, Biostadt India Limited. These players are focusing on capacity expansions and new product launches to gain competitive advantage in the market.


The global floating fish feed market is consolidated in nature with top players accounting for a significant share. These players focus on adopting sustainability-focused strategies for long term growth.

For more insights, Read- https://www.insightprobing.com/floating-fish-feed-market-growth-demand-and-overview/

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