Salmon Feed Industry Forecast to Achieve a Value of USD 13.1 Billion by 2034, Maintaining a 5.7% Annual Growth Rate
In the realm of aquaculture, the Salmon Feed Market is witnessing significant advancements, with innovations in technology and sustainable practices driving growth and improvement in fish health and feed efficiency.
One of the key developments is the integration of precision feeding systems and artificial intelligence, which are enhancing feed efficiency and contributing to healthier fish. This technology allows for a more personalized approach to feeding, ensuring salmon receive the optimal nutrients for growth and wellbeing.
Novel sources of Omega-3, an essential fatty acid for salmon, are also being explored. Skretting, a leading player in the industry, is testing marine byproducts as potential new sources for Omega-3. This could potentially reduce reliance on fishmeal, a traditional source of Omega-3, and contribute to more sustainable practices.
Indirect sales account for the majority of the market share, with a significant 69.2% share by distribution channel. However, the search results do not provide information about the company that introduced a high-quality salmon feed in 2025, optimized for salmon growth, health, and environmental protection.
Efforts to create eco-friendly formulations are also on the rise. Aller Aqua, a prominent player, has introduced a high-performance feed optimized for salmon health and growth efficiency, with a focus on meeting EU aquaculture regulations.
Cargill, another major player, has introduced the Delta series feeds, which improve fish immunity and feed conversion ratios (FCR). To bolster this initiative, Cargill has also acquired Diamond V, a provider of immune-supporting feed additives for aquaculture.
Functional feeds for disease resistance are another area of focus. Nutreco's MabCent research center is dedicated to developing functional feeds that enhance disease resistance in salmon.
The global Salmon Feed Market is projected to grow from USD 7.5 billion in 2024 to approximately USD 13.1 billion by 2034, reflecting a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2025 to 2034.
Sustainability is a key concern in the industry, and there is an increasing emphasis on incorporating alternative proteins such as insect meal, microalgae, and plant-based ingredients into salmon diets. Companies like EWOS, now part of Cargill Aqua Nutrition, are investing in these alternatives to enhance sustainability.
BioMar, another key player, has launched Blue Impact, a low-carbon-footprint feed range that reduces CO2 emissions by up to 30%. The company has also partnered with AKVA group to integrate smart feeding technologies.
The industry is also seeing advancements in alternative proteins. Cargill, for instance, is advancing alternative proteins, including yeast and algae-based salmon feeds, to improve sustainability.
In terms of geographical distribution, North America is estimated as the largest market for Salmon Feed, with a share of 37.6% of the market. Among additives, vitamins accounted for the largest market share of 36.2% in the Salmon Feed Market.
In 2024, compound feed accounted for the largest market share of 62.1% in the Salmon Feed Market. Fishmeal, a traditional source of Omega-3, accounted for the majority of the market share at 38.2% among ingredients in the Salmon Feed Market.
In conclusion, the Salmon Feed Market is witnessing significant advancements, with a focus on sustainability, improved feed efficiency, and fish health. The integration of technology, alternative proteins, and eco-friendly practices is shaping the future of the industry.
