| Product Code: ETC6188415 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Australia`s import trend for plant-based fish feed saw a growth rate of 6.14% from 2023 to 2024, contrasting with a -26.53% CAGR for 2020-2024. This shift may be attributed to increased consumer awareness of sustainable aquaculture practices, leading to a rise in demand for environmentally friendly feed options.
The plant-based fish feed market in Australia is expanding due to rising aquaculture activities and sustainability concerns. Plant-derived proteins and oils are replacing traditional fishmeal, aiming to reduce environmental impact while maintaining feed quality. This shift supports the growth of eco-friendly seafood production.
The plant-based fish feed market is rapidly growing in Australia, fueled by expansion in aquaculture and the need for sustainable alternatives to traditional fishmeal and fish oil. Plant proteins, algae, and other plant-derived ingredients are being optimized for nutritional balance. The industry is responding to environmental regulations and consumer demand for responsibly farmed seafood.
Replacing traditional fishmeal and fish oil with plant-based alternatives in aquafeed is complicated by nutritional gaps, digestibility issues, and palatability concerns. Environmental sustainability goals push innovation, but high production costs and supply chain limitations of key plant proteins restrict widespread adoption.
As aquaculture expands in Australia, investing in plant-based fish feed formulations that reduce reliance on wild-caught fish meal is a key opportunity. Innovations in plant protein blends, amino acid fortification, and digestibility enhancements can improve sustainability and cost-effectiveness. Collaborations with fish farms and regulatory support for sustainable feed ingredients further bolster this markets potential.
Australias aquaculture policies emphasize sustainability and environmental protection, which strongly influence the plant-based fish feed market. Government regulations ensure feed ingredients are safe and minimize ecosystem disruption. Initiatives to reduce overfishing and support sustainable aquaculture encourage the use of plant-based fish feeds as an alternative to wild-caught feedstocks.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Plant-Based Fish Feed Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Plant-Based Fish Feed Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Plant-Based Fish Feed Market - Industry Life Cycle |
3.4 Australia Plant-Based Fish Feed Market - Porter's Five Forces |
3.5 Australia Plant-Based Fish Feed Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Australia Plant-Based Fish Feed Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Plant-Based Fish Feed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about sustainability and environmental concerns in the aquaculture industry. |
4.2.2 Rising demand for plant-based products due to health and ethical considerations. |
4.2.3 Government initiatives promoting the use of sustainable and eco-friendly aquafeed alternatives. |
4.3 Market Restraints |
4.3.1 High production costs associated with plant-based fish feed compared to conventional feed. |
4.3.2 Limited availability of raw materials for plant-based fish feed production. |
4.3.3 Resistance from traditional aquaculture farmers to switch from conventional feed to plant-based alternatives. |
5 Australia Plant-Based Fish Feed Market Trends |
6 Australia Plant-Based Fish Feed Market, By Types |
6.1 Australia Plant-Based Fish Feed Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Plant-Based Fish Feed Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Australia Plant-Based Fish Feed Market Revenues & Volume, By Organic Feed, 2021- 2031F |
6.1.4 Australia Plant-Based Fish Feed Market Revenues & Volume, By Conventional Feed, 2021- 2031F |
6.2 Australia Plant-Based Fish Feed Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Plant-Based Fish Feed Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.3 Australia Plant-Based Fish Feed Market Revenues & Volume, By Household, 2021- 2031F |
7 Australia Plant-Based Fish Feed Market Import-Export Trade Statistics |
7.1 Australia Plant-Based Fish Feed Market Export to Major Countries |
7.2 Australia Plant-Based Fish Feed Market Imports from Major Countries |
8 Australia Plant-Based Fish Feed Market Key Performance Indicators |
8.1 Percentage of aquaculture farms in Australia adopting plant-based fish feed. |
8.2 Growth in research and development investments in plant-based feed technology. |
8.3 Improvement in feed conversion ratios for aquaculture farms using plant-based feed. |
9 Australia Plant-Based Fish Feed Market - Opportunity Assessment |
9.1 Australia Plant-Based Fish Feed Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Australia Plant-Based Fish Feed Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Plant-Based Fish Feed Market - Competitive Landscape |
10.1 Australia Plant-Based Fish Feed Market Revenue Share, By Companies, 2024 |
10.2 Australia Plant-Based Fish Feed Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |