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Salmon Feed Market: By Salmon Type, By Feed Type, By Ingredient Type, By Distribution Channel, and Geography
Salmon Feed Market size was valued at US$ 3.2 million Tons in 2022. and it is expected to reach 4.1 Million Tons by 2029, growing at a CAGR of 3.64% from 2023-2029. Salmon farming is the one of largest growing industries around the globe. Salmon feed is prepared by mixing various raw materials with additives. Salmons are generally carnivores meat eaters. Farmed salmon fed dry pellets that contain approximately 70 percent of vegetable ingredients and 30 percent of marine raw materials such as fish oil and fishmeal. The vegetable ingredients of the salmon feed are derived from the plants like corn, rapeseed, wheat, and broad beans among others. In August 17, 2015, Cargill entered into salmon feed market with purchase of EWOS from Altor and Bain Capital. Industry trends in the market are evolving, which will aid players in developing successful long-term strategies. Both established and emerging markets have implemented business growth techniques. COVID-19 is an unprecedented worldwide public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the projection period. Our continuous study is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. Salmon Feed Market research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. Salmon Feed Market research report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.
Study Period
2024-2030Base Year
2023CAGR
3.64%Largest Market
EuropeFastest Growing Market
Asia Pacific
Increase in the production of salmon production around the globe coupled with rise in awareness about the aquafeed products among the farmers drive the global salmon feed market. Moreover, rise in R&D for the development of newer salmon feed products, frequent product launches by the market players, rise in demand for the consumption of healthy salmon, increase in the international trading of salmonid species, and rise in prevalence of various diseases in salmon, for instance, in October 2017, approximately 125,000 salmon have died due to a disease outbreak at two fish farms on the Isle of Lewis due to bacterium Pasturella Skyensis infection are fuel the growth of global salmon feed market over the forecast years. However, fluctuations in raw material costs, stringent regulation for the residual limits in salmon species, low awareness about salmon diseases in underdeveloped countries, and environmental threats leads to increase in salmon mortality are hinder the growth of the market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market CAGR |
3.64% |
By Salmon Type |
|
By Feed Type |
|
By Ingredient Type |
|
Distribution channel |
|
Download Free Sample Report
The salmon feed market is projected to expand at a CAGR of 3.64% during the forecast period.
Biomar (Denmark), Cargill, Inc. (U.S.), Avanti Feeds Ltd. (India), Nutraid (Belgium), Nutreco N. V (Netherlands), Bunge Ltd. (U.S.)
Europe is the fastest-growing region for the salmon feed market
1.Executive Summary |
2.Global Salmon Feed Market Introduction |
2.1.Global Salmon Feed Market - Taxonomy |
2.2.Global Salmon Feed Market - Definitions |
2.2.1.Salmon Type |
2.2.2.Feed Type |
2.2.3.Ingredient Type |
2.2.4.Distribution channel |
2.2.5.Region |
3.Global Salmon Feed Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Salmon Feed Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Salmon Feed Market By Salmon Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Atlantic Salmon |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Pacific Salmon |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6.Global Salmon Feed Market By Feed Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Non-medicated Feed |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Starter Feed |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Grower Feed |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Smolt Transfer |
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Medicated Feed |
6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Vitamins |
6.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
6.8. Minerals |
6.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.8.3. Market Opportunity Analysis |
6.9. Feed Enzymes |
6.9.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.9.3. Market Opportunity Analysis |
6.10. Others |
6.10.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.10.3. Market Opportunity Analysis |
7.Global Salmon Feed Market By Ingredient Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. Corn |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Soybean |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Fishmeal |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Fish Oil |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Others |
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.Global Salmon Feed Market By Distribution channel, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. Veterinary Pharmacies |
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Online Stores |
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Others |
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
9.Global Salmon Feed Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Salmon Feed Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Salmon Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Atlantic Salmon |
10.1.2.Pacific Salmon |
10.2. Feed Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Non-medicated Feed |
10.2.2.Starter Feed |
10.2.3.Grower Feed |
10.2.4.Smolt Transfer |
10.2.5.Others |
10.2.6.Medicated Feed |
10.2.7.Vitamins |
10.2.8.Minerals |
10.2.9.Feed Enzymes |
10.2.10.Others |
10.3. Ingredient Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Corn |
10.3.2.Soybean |
10.3.3.Fishmeal |
10.3.4.Fish Oil |
10.3.5.Others |
10.4. Distribution channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Veterinary Pharmacies |
10.4.2.Online Stores |
10.4.3.Others |
10.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Salmon Feed Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Salmon Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Atlantic Salmon |
11.1.2.Pacific Salmon |
11.2. Feed Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Non-medicated Feed |
11.2.2.Starter Feed |
11.2.3.Grower Feed |
11.2.4.Smolt Transfer |
11.2.5.Others |
11.2.6.Medicated Feed |
11.2.7.Vitamins |
11.2.8.Minerals |
11.2.9.Feed Enzymes |
11.2.10.Others |
11.3. Ingredient Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Corn |
11.3.2.Soybean |
11.3.3.Fishmeal |
11.3.4.Fish Oil |
11.3.5.Others |
11.4. Distribution channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Veterinary Pharmacies |
11.4.2.Online Stores |
11.4.3.Others |
11.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
11.5.6.Rest of EU |
11.5.7. |
12.Asia Pacific (APAC) Salmon Feed Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Salmon Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Atlantic Salmon |
12.1.2.Pacific Salmon |
12.2. Feed Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Non-medicated Feed |
12.2.2.Starter Feed |
12.2.3.Grower Feed |
12.2.4.Smolt Transfer |
12.2.5.Others |
12.2.6.Medicated Feed |
12.2.7.Vitamins |
12.2.8.Minerals |
12.2.9.Feed Enzymes |
12.2.10.Others |
12.3. Ingredient Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Corn |
12.3.2.Soybean |
12.3.3.Fishmeal |
12.3.4.Fish Oil |
12.3.5.Others |
12.4. Distribution channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Veterinary Pharmacies |
12.4.2.Online Stores |
12.4.3.Others |
12.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Salmon Feed Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
13.1. Salmon Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Atlantic Salmon |
13.1.2.Pacific Salmon |
13.2. Feed Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Non-medicated Feed |
13.2.2.Starter Feed |
13.2.3.Grower Feed |
13.2.4.Smolt Transfer |
13.2.5.Others |
13.2.6.Medicated Feed |
13.2.7.Vitamins |
13.2.8.Minerals |
13.2.9.Feed Enzymes |
13.2.10.Others |
13.3. Ingredient Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Corn |
13.3.2.Soybean |
13.3.3.Fishmeal |
13.3.4.Fish Oil |
13.3.5.Others |
13.4. Distribution channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Veterinary Pharmacies |
13.4.2.Online Stores |
13.4.3.Others |
13.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Salmon Feed Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
14.1. Salmon Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Atlantic Salmon |
14.1.2.Pacific Salmon |
14.2. Feed Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Non-medicated Feed |
14.2.2.Starter Feed |
14.2.3.Grower Feed |
14.2.4.Smolt Transfer |
14.2.5.Others |
14.2.6.Medicated Feed |
14.2.7.Vitamins |
14.2.8.Minerals |
14.2.9.Feed Enzymes |
14.2.10.Others |
14.3. Ingredient Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Corn |
14.3.2.Soybean |
14.3.3.Fishmeal |
14.3.4.Fish Oil |
14.3.5.Others |
14.4. Distribution channel Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Veterinary Pharmacies |
14.4.2.Online Stores |
14.4.3.Others |
14.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Biomar (Denmark) |
15.2.2.Cargill, Inc. (U.S.) |
15.2.3.Avanti Feeds Ltd. (India) |
15.2.4.Nutraid (Belgium) |
15.2.5.Nutreco N. V (Netherlands) |
15.2.6.Bunge Ltd. (U.S.) |
15.2.7.Ridley Corporation Ltd (Australia) |
15.2.8.Archer Daniels Midland Company (U.S.) |
15.2.9.Alltech (U.S.) |
15.2.10.Zhuhai Shihai Feed Co. Ltd (China) |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players