# Aquafeed Market worth $88.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

> MarketsandMarkets projects the global aquafeed market to reach USD 88.0 billion by 2028, up from USD 61.8 billion in 2023, at a 7.3% CAGR. The report attributes growth to rising demand for farmed fish protein and reduced reliance on wild fish stocks. It also notes soybean ingredients as the largest segment.

- Date: 2023-07-18 · published 2023-07-18T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/35390-aquafeed-market-worth-88-0-billion-by-2028-exclusive-report-by
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

Projected aquafeed demand growth supports long-term demand for soybean meal and fishmeal substitutes, but the forecast does not signal a near-term price move.

## Sources

- prnewswire.com: https://www.prnewswire.com/news-releases/aquafeed-market-worth-88-0-billion-by-2028--exclusive-report-by-marketsandmarkets-301879401.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.