Warm Water Aquaculture Feed

Warm Water Aquaculture Feed Market Outlook

The global warm water aquaculture feed market was valued at approximately USD 13 billion in 2022 and is projected to reach USD 20 billion by 2035, growing at a CAGR of around 4.5% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing consumption of seafood, which has spurred the need for sustainable aquaculture practices and efficient feeding solutions. The rising demand for high-quality protein sources, coupled with the growing awareness of the health benefits associated with seafood consumption, has led to an increase in aquaculture production. Furthermore, advancements in feed formulations and technologies aimed at enhancing feed efficiency and nutritional value are expected to further drive the market's growth. The expansion of aquaculture operations in developing regions also plays a critical role in propelling the market forward.

Growth Factor of the Market

Several factors contribute significantly to the growth of the warm water aquaculture feed market. The increasing global population, along with rising disposable incomes, has led to a heightened demand for seafood as a source of protein. This demand has prompted fish farmers and aquaculture producers to seek out more efficient and effective feed solutions that can enhance growth rates and reduce feed conversion ratios. Another critical factor is the growing emphasis on sustainable aquaculture practices to ensure environmental responsibility and to meet the stringent regulations imposed by governments and international bodies. Innovations in feed technology, including the development of nutritionally balanced, species-specific feeds, represent a key trend that is further stimulating market growth. The shift towards using alternative proteins and more sustainable ingredient sources is also gaining traction, driven by consumer preference for responsibly sourced products. Overall, the convergence of these trends positions the aquaculture feed market for sustained expansion in the coming years.

Key Highlights of the Market

• The global warm water aquaculture feed market is projected to reach USD 20 billion by 2035.
• Pelleted feeds dominate the market due to their high digestibility and ease of use.
• The Asia Pacific region is the largest market holder, accounting for over 50% of global consumption.
• Increasing emphasis on sustainable aquaculture practices is reshaping feed formulations.
• Technological advancements in feed production are enhancing nutritional profiles and palatability.

By Product Type

Pellets:

Pellets are the most widely used product type in the warm water aquaculture feed market, primarily due to their high digestibility and nutritional efficiency. They are designed to meet the specific dietary requirements of various aquatic species and enable easy handling and storage. The production process involves compacting and extruding raw ingredients, which enhances the physical properties of the feed, making it suitable for different farming conditions. Additionally, the format allows for customization in size and density, catering to the diverse needs of fish and shrimp. The continuous innovation in pellet formulations, incorporating high-quality ingredients and additives, underpins their dominant position in the market.

Extruded Feeds:

Extruded feeds represent a growing segment within the warm water aquaculture feed market, characterized by their superior buoyancy and digestibility. The extruding process utilizes high temperature and pressure, which not only enhances nutrient availability but also destroys harmful pathogens. These feeds are particularly favorable in environments where fish are raised in cages or ponds, as they minimize feed wastage and environmental impact. Moreover, extruded feeds can be tailored for specific growth stages and species, providing optimal nutrition for farmed aquatic animals. As aquaculture practices evolve, the demand for extruded feeds is anticipated to rise due to their efficiency and effectiveness in promoting healthy growth.

Powder Feeds:

Powder feeds are essential in the early stages of fish and shrimp development, as they provide high protein content and are easily digestible. They are particularly beneficial for larvae and juvenile stages, where smaller particle sizes are necessary for efficient feeding. Powder feeds can be used in combination with other feed types to ensure a balanced diet and promote optimal growth rates. Furthermore, the formulation of powdered feeds allows for the inclusion of various nutritional supplements and ingredients to address specific dietary needs. Although this segment holds a smaller market share compared to pellets and extruded feeds, its significance in the early life stages of aquatic species is vital to the success of aquaculture operations.

Liquid Feeds:

Liquid feeds are increasingly gaining popularity in the warm water aquaculture feed market, particularly for species that require a high moisture content in their diet. These feeds are formulated to provide essential nutrients in a readily absorbable form, making them effective for promoting growth and health in aquatic animals. Their application is particularly useful in larval rearing systems where traditional feed options may not be suitable. Liquid feeds can also be used in combination with dry feeds to enhance palatability and reduce feed refusal. As aquaculture operations continue to seek innovative feeding strategies, liquid feeds are expected to see growth in adoption, especially in specialized farming scenarios.

Gel Feeds:

Gel feeds have emerged as a novel product type in the warm water aquaculture feed market, offering unique advantages such as improved nutrient retention and reduced leaching in water. These feeds are created using gelling agents that bind feed ingredients together, forming a gelatinous texture that is easily consumed by aquatic species. Gel feeds are particularly effective for fry and juvenile stages, as they can provide a controlled release of nutrients and facilitate feeding behavior. Furthermore, the versatility of gel feeds allows for the incorporation of various functional ingredients, such as probiotics and vitamins, making them an attractive option for aquaculture producers aiming to optimize health and growth. As awareness regarding innovative feed solutions increases, gel feeds are likely to gain traction in the market.

By Application

Fish Farming:

Fish farming is the predominant application in the warm water aquaculture feed market, driven by the high demand for species such as tilapia, catfish, and other freshwater fish. The nutritional requirements of these species are diverse and necessitate specialized feed formulations to ensure optimal growth and health. Fish farming operations widely use pelleted and extruded feeds due to their digestibility and growth-promoting properties. Increasing consumer preference for sustainably farmed fish products further fuels the growth of this application segment, prompting the need for efficient feeding practices that guarantee high yields and sustainable production. Consequently, innovations in fish feeds are continuously being developed to enhance the nutritional profile and sustainability of aquaculture practices.

Shrimp Farming:

Shrimp farming is a rapidly growing segment within the warm water aquaculture feed market, characterized by its significant economic contribution to the global seafood supply. Shrimp farming operations rely heavily on high-quality feed to ensure optimal growth rates and disease resistance. Specialized feeds, including extruded and pelleted options, are utilized to meet the specific dietary requirements of various shrimp species. The increasing demand for shrimp globally, particularly in markets such as North America and Europe, has led to a surge in aquaculture production. As a result, feed manufacturers are investing in research and development to formulate feeds that enhance growth performance and reduce environmental impacts, positioning shrimp farming as a critical area of growth within the aquaculture feed market.

Crab Farming:

Crab farming, while niche compared to fish and shrimp farming, is gaining momentum in the warm water aquaculture feed market. The unique dietary needs of crabs require specialized feed formulations to support their growth and reproduction. Typically, crab feeds are high in protein and include ingredients that mimic their natural diet in the wild, such as fish meal and other marine products. The increasing interest in crabs as a culinary delicacy, combined with rising consumer demand for quality seafood products, has prompted aquaculture producers to enhance their crab farming operations. Innovations in crab feed formulations that improve feed conversion ratios and overall health are essential for expanding this application segment in the future.

Other Aquatic Species:

The category of other aquatic species encompasses a diverse range of farmed organisms, including mollusks, freshwater crustaceans, and various types of fish not typically classified under the main categories. The warm water aquaculture feed market is responding to this diversity by developing specialized feeds tailored to the unique nutritional requirements of these species. This segment is gaining traction as aquaculture practices evolve to include a wider array of aquatic life, driven by consumer interest in diverse seafood offerings. Feed manufacturers are increasingly focusing on research and development to create innovative, species-specific feeds that promote growth, improve health, and address sustainability concerns, making this a dynamic area of growth within the market.

By Distribution Channel

Direct Sales:

Direct sales play an essential role in the distribution of warm water aquaculture feeds, allowing manufacturers to establish a closer connection with their end-users. This model enables feed producers to provide tailored solutions based on specific customer needs, which can enhance customer satisfaction and loyalty. Direct sales channels often include partnerships with aquaculture farms, providing technical support and guidance on feed usage and best practices for optimal results. This approach fosters long-term relationships and can lead to better feedback mechanisms, allowing manufacturers to refine and improve their product offerings based on customer experiences. As the aquaculture industry continues to evolve, the direct sales model is expected to remain a vital channel driving the market forward.

Indirect Sales:

Indirect sales channels encompass a range of distribution methods, including wholesalers, retailers, and online platforms that cater to the warm water aquaculture feed market. This model offers broad accessibility to a diverse customer base, allowing smaller aquaculture operations to obtain high-quality feeds without the need for direct contracts with manufacturers. The growth of e-commerce has also significantly impacted indirect sales, providing farmers with convenient access to various feed options from the comfort of their operations. Additionally, indirect sales can facilitate competitive pricing and promotional offers, making it an attractive choice for aquaculture producers seeking cost-effective solutions. As the market expands, indirect sales are likely to remain a critical component of the distribution landscape.

By Ingredient Type

Fish Meal:

Fish meal is a primary ingredient in warm water aquaculture feeds, recognized for its high protein content and essential amino acids that promote optimal growth and health in aquatic species. Derived from ground fish, this ingredient provides a nutrient-rich source of energy and is widely used in pelleted and extruded feeds for fish and shrimp farming. The demand for fish meal is closely tied to the growth of aquaculture production, as it enhances feed formulations and contributes to improved feed conversion ratios. However, sustainability concerns over fish meal sourcing are prompting manufacturers to explore alternative protein sources, which may impact its market share in the long run.

Soybean Meal:

Soybean meal has emerged as a significant alternative protein source in warm water aquaculture feeds, valued for its high protein content and amino acid profile. This ingredient is increasingly being incorporated into feeds as sustainability initiatives drive the search for plant-based alternatives to traditional marine ingredients. Soybean meal not only supports growth in various aquatic species but also contributes to overall feed costs, as it is generally more affordable than fish meal. Its widespread adoption reflects the industry's shift towards more sustainable practices, ensuring a reliable supply of protein while addressing environmental concerns associated with overfishing.

Corn Gluten Meal:

Corn gluten meal is another valuable ingredient utilized in the formulation of warm water aquaculture feeds, particularly as a complementary protein source. This ingredient is derived from corn and is recognized for its high protein content, making it suitable for various species in aquaculture. The use of corn gluten meal is growing due to its availability and cost-effectiveness, as well as its ability to enhance feed formulations while reducing reliance on fish meal. Additionally, corn gluten meal contains carotenoids that can improve the pigmentation of certain fish species, appealing to both producers and consumers who prefer vibrant coloration in farmed seafood.

Wheat Germ:

Wheat germ is increasingly being incorporated into warm water aquaculture feeds, valued for its rich nutritional profile, including vitamins, minerals, and healthy fats. This ingredient serves as a natural supplement that can enhance the overall health and vitality of aquatic species, promoting growth and disease resistance. Wheat germ is particularly useful in formulations aimed at juvenile stages, where nutritional requirements are critical for successful development. The rising interest in health and wellness is driving the demand for feeds that incorporate whole food ingredients like wheat germ, marking its growing importance in the aquaculture feed market.

Others:

The "Others" category encompasses a variety of alternative ingredients utilized in warm water aquaculture feeds, such as insect meal, algae, and various by-products. These ingredients are gaining recognition as sustainable sources of protein and nutrients that can supplement traditional feed formulations. The use of alternative ingredients reflects the industry's commitment to finding environmentally friendly solutions to meet the growing demand for aquaculture products. In particular, the exploration of insect meal as a protein source has gained traction, given its high nutritional value and lower environmental footprint. As research and innovation progress, the market for alternative ingredient sources is expected to expand, providing aquaculture producers with diverse feeding options.

By Region

The warm water aquaculture feed market exhibits significant regional variations, with Asia Pacific being the largest market, accounting for over 50% of global consumption. Countries such as China, India, and Vietnam are major players in aquaculture production, contributing significantly to the demand for specialized feed solutions. The region's rapid urbanization and increasing seafood consumption are key drivers of market growth, with a projected CAGR of around 5% from 2025 to 2035. Moreover, the increasing focus on sustainable aquaculture practices and advancements in feed technology are anticipated to further bolster the region's market share in the coming years.

In North America, the warm water aquaculture feed market is steadily growing, driven by increasing consumer awareness of the health benefits of seafood and the rising popularity of aquaculture practices. The U.S. and Canada are leading players in this market, with initiatives to promote sustainable farming practices and enhance feed efficiency being at the forefront. The market in North America is expected to see a CAGR of approximately 3.8% during the forecast period, propelled by innovations in feed formulations and growing demand for high-quality seafood products. Meanwhile, Europe also presents opportunities for growth, driven by the increasing focus on environmental sustainability and the demand for responsibly sourced seafood.

Opportunities

The warm water aquaculture feed market is poised for numerous opportunities, particularly in the development of sustainable feed formulations that meet the rising consumer demand for environmentally responsible products. As consumers become increasingly conscious of the origins of their food, aquaculture producers are recognizing the necessity of improving their sustainability practices. This shift towards sustainable sourcing of ingredients, coupled with advancements in feed technology, presents a lucrative opportunity for manufacturers to innovate and create higher-value products. The incorporation of alternative protein sources, such as insect meal or plant-based proteins, into feed formulations could not only address sustainability concerns but also enhance the nutritional profile of aquaculture feeds, ensuring they meet the dietary requirements of various aquatic species.

Furthermore, the expansion of aquaculture operations in emerging economies offers significant growth potential for the warm water aquaculture feed market. Countries across Asia Pacific, Latin America, and Africa are witnessing increased investments in aquaculture, driven by the rising demand for seafood. Governments are implementing supportive policies and initiatives aimed at encouraging sustainable aquaculture practices, which, in turn, will drive the demand for high-quality feeds. The integration of technology in aquaculture—such as precision feeding systems and data analytics—also opens up new avenues for feed manufacturers to optimize performance and offer tailored feeding solutions, enhancing growth opportunities in the market.

Threats

Despite its growth potential, the warm water aquaculture feed market faces certain threats that could hinder its progress. One of the primary threats is the fluctuation in raw material costs, particularly for key ingredients like fish meal and soybean meal. These fluctuations can arise from various factors, including supply chain disruptions, climate change, and changing agricultural practices, which ultimately impact the production costs of aquaculture feeds. Additionally, competition among feed manufacturers is intensifying, leading to price wars that may compromise product quality and innovation. As the market becomes more competitive, ensuring consistent quality while managing costs will be a crucial challenge for manufacturers.

Another significant threat to the warm water aquaculture feed market is the increasing regulatory scrutiny regarding sustainability and environmental impact. As awareness of environmental issues grows, governments and international organizations are implementing stricter regulations on aquaculture practices and feed formulations. Manufacturers may face challenges in meeting these regulatory requirements while maintaining profitability. Furthermore, the potential for diseases and health issues in farmed aquatic species poses a substantial risk to the aquaculture industry, which can impact feed consumption and overall production levels. Addressing these challenges while continuing to innovate and adapt to market conditions will be critical for the long-term success of the aquaculture feed market.

Competitor Outlook

• Cargill, Incorporated
• Nutreco N.V.
• Alltech, Inc.
• Skretting (a Nutreco subsidiary)
• Archer Daniels Midland Company (ADM)
• BASF SE
• Ridley Corporation Limited
• Charoen Pokphand Foods PCL
• Ziegler Bros, Inc.
• De Heus Animal Nutrition
• Avanti Feeds Ltd.
• Biomin Holding GmbH
• BioMar Group
• Hoffman Animal Nutrition
• Adisseo

The competitive landscape of the warm water aquaculture feed market is characterized by a mixture of global and regional players, each vying for a share of this rapidly expanding market. Companies like Cargill, Incorporated and Nutreco N.V. are leading the charge with their extensive product portfolios and innovation capabilities. These industry giants focus on research and development to create specialized feeds tailored to the dietary needs of various aquatic species, thus enhancing their market position. Moreover, the emphasis on sustainability and responsible sourcing is prompting these companies to invest in alternative ingredient sources and sustainable production practices, ensuring they remain competitive in an evolving market landscape.

Furthermore, regional players such as Charoen Pokphand Foods PCL and Avanti Feeds Ltd. are making significant strides in the warm water aquaculture feed market, capitalizing on their local expertise and understanding of customer needs. These companies are often more agile, allowing them to adapt their product offerings to meet regional preferences and regulatory requirements. Additionally, partnerships and collaborations between feed manufacturers and aquaculture producers are becoming increasingly common, focusing on developing customized feeding solutions that enhance growth performance and address sustainability concerns. As the market continues to evolve, the competitive landscape is expected to become more dynamic, with both global and regional players leveraging their strengths to capture growth opportunities.

Among the prominent companies in the warm water aquaculture feed market, Alltech, Inc. stands out with its innovative approach to nutrition and health for aquaculture species. The company has established a reputation for developing high-quality, specialized feeds that promote optimal growth and improve feed efficiency. Alltech's investment in research and development has resulted in the introduction of novel ingredients and formulations that align with the industry's shift towards sustainability. Another key player, BioMar Group, is recognized for its focus on sustainability and the development of high-performance feeds. The company's commitment to responsible sourcing and reducing environmental impact is driving its growth, resonating with increasingly eco-conscious consumers. Overall, the competitive landscape reflects a blend of innovation, sustainability, and responsiveness to changing market dynamics.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Adisseo
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 BASF SE
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 BioMar Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Nutreco N.V.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Alltech, Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Avanti Feeds Ltd.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Ziegler Bros, Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Biomin Holding GmbH
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Cargill, Incorporated
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 De Heus Animal Nutrition
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Hoffman Animal Nutrition
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Charoen Pokphand Foods PCL
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Ridley Corporation Limited
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Skretting (a Nutreco subsidiary)
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Archer Daniels Midland Company (ADM)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Warm Water Aquaculture Feed Market, By Application
    • 6.1.1 Fish Farming
    • 6.1.2 Shrimp Farming
    • 6.1.3 Crab Farming
    • 6.1.4 Other Aquatic Species
  • 6.2 Warm Water Aquaculture Feed Market, By Product Type
    • 6.2.1 Pellets
    • 6.2.2 Extruded Feeds
    • 6.2.3 Powder Feeds
    • 6.2.4 Liquid Feeds
    • 6.2.5 Gel Feeds
  • 6.3 Warm Water Aquaculture Feed Market, By Ingredient Type
    • 6.3.1 Fish Meal
    • 6.3.2 Soybean Meal
    • 6.3.3 Corn Gluten Meal
    • 6.3.4 Wheat Germ
    • 6.3.5 Others
  • 6.4 Warm Water Aquaculture Feed Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Warm Water Aquaculture Feed Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Warm Water Aquaculture Feed market is categorized based on

By Product Type

• Pellets
• Extruded Feeds
• Powder Feeds
• Liquid Feeds
• Gel Feeds

By Application

• Fish Farming
• Shrimp Farming
• Crab Farming
• Other Aquatic Species

By Distribution Channel

• Direct Sales
• Indirect Sales

By Ingredient Type

• Fish Meal
• Soybean Meal
• Corn Gluten Meal
• Wheat Germ
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Cargill, Incorporated
• Nutreco N.V.
• Alltech, Inc.
• Skretting (a Nutreco subsidiary)
• Archer Daniels Midland Company (ADM)
• BASF SE
• Ridley Corporation Limited
• Charoen Pokphand Foods PCL
• Ziegler Bros, Inc.
• De Heus Animal Nutrition
• Avanti Feeds Ltd.
• Biomin Holding GmbH
• BioMar Group
• Hoffman Animal Nutrition
• Adisseo