Salmon Feed Market: By Salmon Type (Atlantic Salmon, Pacific Salmon), By Feed Type (Non-medicated Feed, Medicated Feed), By Ingredient Type (Corn, Soybean, Fishmeal, Fish Oil, Others), By Distribution Channel (Veterinary Pharmacies, Online Stores, Others), and Geography  

Purchase Option

$ 4400
$ 6600
$ 8900

Salmon Feed Market size was valued at USD 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.

Global Salmon Feed Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.64%

Largest Market

Europe

Fastest Growing Market

Asia Pacific
Salmon Feed Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market  and forecast.
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup's details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Salmon Feed Market Segmentation

By Salmon Type
  • Atlantic Salmon
  • Pacific Salmon
By Feed Type
  • Non-medicated Feed
  • Starter Feed
  • Grower Feed
  • Smolt Transfer
  • Others
  • Medicated Feed
  • Vitamins
  • Minerals
  • Feed Enzymes
  • Others
By Ingredient Type
  • Corn
  • Soybean
  • Fishmeal
  • Fish Oil
  • Others
Distribution channel
  • Veterinary Pharmacies
  • Online Stores
  • Others

Frequently Asked Questions

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 
  • Biomar (Denmark)
  • Cargill, Inc. (U.S.)
  • Avanti Feeds Ltd. (India)
  • Nutraid (Belgium)
  • Nutreco N. V (Netherlands)
  • Bunge Ltd. (U.S.)
  • Ridley Corporation Ltd (Australia)
  • Archer Daniels Midland Company (U.S.)
  • Alltech (U.S.)
  • Zhuhai Shihai Feed Co. Ltd (China)

Adjacent Markets