# Increasing Seafood Consumption to Drive the Growth of Aquafeed

> A Markets and Markets press release projects the aquafeed market to grow from USD 50.6 billion in 2020 to USD 71.6 billion by 2025, at a 7.2% CAGR. It attributes growth to rising seafood consumption and notes that fishmeal replacers such as poultry by-products, single-cell proteins and oilseeds are increasingly used. The release is a market forecast with no new supply or price event.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/51217-increasing-seafood-consumption-to-drive-the-growth-of-aquafeed
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Forecast growth in aquafeed supports long-run demand for fishmeal and its substitutes, but the release has no immediate price impact.

## Sources

- openpr.com: https://www.openpr.com/news/2138289/increasing-seafood-consumption-to-drive-the-growth-of-aquafeed

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