South Korea Commercial Fish Feed Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Extruded Feed, Pressure-Pelleted Feed, Steam-Pelleted Feed, and Others), By Ingredient (Soybean, Fishmeal, Corn, Additives, and Others), By Species (Carp, Tilapia, Catfish, Salmon, and Others), and South Korea Commercial Fish Feed Market Insights, Industry Trend, Forecasts to 2035

South Korea Commercial Fish Feed Market Size Insights Forecasts to 2035

• The South Korea Commercial Fish Feed Market size is Expected to Grow at a CAGR of around 5.3% from 2025 to 2035
• The South Korea Commercial Fish Feed Market size is expected to hold a significant Share by 2035

According to a Research Report Published by Spherical Insights & Consulting, the South Korea Commercial Fish Feed Market Size is anticipated to grow at a CAGR of 5.3% from 2025 to 2035. The market is driven by rising seafood consumption and expanding aquaculture, increasing demand for efficient and sustainable fish feed solutions.

Market Overview

South Korea commercial fish feed market is the industry that is involved in the manufacture and distribution of carefully formulated feed utilized by fish aquaculture for fish species like carp, tilapia, catfish, salmon, and others. The feeds come in extruded, steam pelleted, and pressure pelleted forms processed from ingredients such as fishmeal, soybean, corn, and other ingredients for ensuring healthy growth of the fish and effective feed conversion. The industry is experiencing consistent growth with increased consumption of seafood, rising demand for sustainable aquaculture practices, and growth of fish farming into inland and coastal areas. Government incentives and technological support are promoting the use of high-quality, environmentally friendly feed solutions tailor-made for specific species of fish. Despite persistent challenges in the shape of volatile raw material cost fluctuations and ineffective distribution, alternative protein and functional ingredient development trend is providing new opportunities for manufacturers. The market should evolve gradually up to 2035.

Report Coverage

This research report categorizes the market for the South Korea commercial fish feed market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea commercial fish feed market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea commercial fish feed market.

Driving Factors

The commercial fish feed market in South Korea is driven by growing seafood consumption and aquaculture development in inland and coastal areas. Farmers are demanding species-specific, nutritionally complete fish feed that enhances growth rates and minimizes environmental footprint. The adoption of innovative feed technology is also being fueled by official promotion of sustainable aquaculture practices. Also driving growth and innovation in the sector are increasing levels of awareness regarding feed quality and the availability of new protein sources like insect meal and plant material.

Restraining Factors

South Korea commercial fish feed market is restrained by high and volatile price of raw feed materials such as fishmeal and soybean. Poor cold chain and logistics infrastructure impacts feed supply on time, especially in rural farming regions. Environmental pressures and regulation also contribute to production challenges.

Market Segmentation

The South Korea Commercial Fish Feed Market share is classified into product type, ingredient and species.

• The extruded feed segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea commercial fish feed market is segmented by product type into extruded feed, pressure-pelleted feed, steam-pelleted feed, and others. Among these, the extruded feed segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is highly digestible, water stable, and versatile to be used for a variety of species, from high-value fish such as salmon and catfish.

• The fishmeal segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea commercial fish feed market is segmented by ingredient into soybean, fishmeal, corn, additives, and others. Among these, the fishmeal segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Despite sustainability concerns, fishmeal remains one of the largest protein sources, especially for carnivorous fish due to its high quality.

• The carp segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea commercial fish feed market is segmented by species into carp, tilapia, catfish, salmon, and others. Among these, the carp segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This species dominates market, as it is amongst the most farmed freshwater fish in South Korea inland aquaculture.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea commercial fish feed market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cargill, Inc.
• Nutreco N.V.
• Skretting
• Charoen Pokphand Foods PCL
• Ridley Corporation Limited
• BioMar Group
• Alltech Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea commercial fish feed market based on the below-mentioned segments:

South Korea Commercial Fish Feed Market, By Product Type

• Extruded Feed
• Pressure-Pelleted Feed
• Steam-Pelleted Feed
• Others

South Korea Commercial Fish Feed Market, By Ingredient

• Soybean
• Fishmeal
• Corn
• Additives
• Others

South Korea Commercial Fish Feed Market, By Species

• Carp
• Tilapia
• Catfish
• Salmon
• Others