Overview
Global Aquaculture Fertilizer Market reached US$ 26.1 million in 2022 and is expected to reach US$ 53.5 million by 2030, growing with a CAGR of 9.4% during the forecast period 2023-2030.
The growing global population’s demand for protein-rich diets has resulted in increased production in the aquaculture industry. According to the FAO estimate, global fish production would rise by 24 million MT, or 14%, to reach 202 million MT by 2030. Fertilizers are essential for boosting productivity in aquaculture farms, which play a key role in meeting this demand.
Rising environmental awareness is fueling a demand for eco-friendly aquaculture practices. This involves the adoption of organic and natural fertilizers to mitigate the environmental repercussions of aquaculture operations. Hence, sustainable aquaculture practices act as a key trend for aquaculture fertilizer market growth.
Urea holds the largest market share in the aquaculture fertilizer industry, because of its cost-effectiveness, high nitrogen content, and versatility in promoting aquatic plant growth. Asia-Pacific is among the growing regions in the global aquaculture fertilizer market because of its extensive aquaculture industry, and robust demand for seafood. According to Invest India, in FY 2022–23, India exported 1.73 MMT of fisheries and fishery products worth $8.09 Bn.
Dynamics
Growing Demand for Seafood
As the world’s population grows, so does the demand for seafood as a source of protein and nutrition. Aquaculture is a crucial contributor to meeting this demand. The growth of fishery and other aquacultural activities can drive the growth of the aquatic herbicides market. According to OECD-FAO Agricultural Outlook 2022-2031, global fish food consumption is estimated to reach 183 Mt in 2031 which is 15% more compared to the base period (2019-2021). fertilizers play a vital role in enhancing the productivity of aquaculture systems.
Aquaculture fertilizers improve aquatic environments in fish ponds, tanks, or cages, stimulating the growth of vital phytoplankton and zooplankton. These microorganisms provide essential nutrition for farmed fish and shellfish, guaranteeing a reliable and nutritious food source. This ensures increased yields in aquaculture operations and drives the aquatic fertilizer market growth.
Government Support
Governments often offer financial incentives, subsidies, or grants to encourage the adoption of sustainable aquaculture practices, which often include the responsible use of fertilizers. For instance, according to the United Nations Conference on Trade and Development (UNCTAD) report, through funding from the United States Agency for International Development, the Food and Agriculture Organisation of the United Nations (FAO) has delivered 36,000 tonnes of Triple Super Phosphate fertilizer to the Ministry of Agriculture for immediate distribution to all farmers throughout Sri Lanka.
Many governments and international organizations promote responsible aquaculture practices through regulations and incentives. Governments often provide training and extension services to aquaculture farmers to educate them on best practices, including the proper use of fertilizers. These measures encourage farmers to adopt aquaculture fertilizers. This, in turn, attracts new players to the market, fostering its global expansion.
Fluctuating Fertilizer Prices
The cost of raw materials used in aquaculture fertilizers can vary significantly. For example, The cost of raw materials in aquaculture fertilizers, like urea and phosphates, can fluctuate due to factors such as supply and demand, weather-related production issues, geopolitical influences affecting raw material availability, and currency exchange rate changes. These price fluctuations pose challenges for aquaculture farmers
Fluctuating fertilizer prices can make it challenging for aquaculture farmers to budget and plan their operations effectively. Sudden spikes in fertilizer prices can significantly increase production costs, which can eat into profit margins and make it difficult for farmers to maintain stable and predictable operations.

Segment Analysis
The global aquaculture fertilizer market is segmented based on source, distribution channel, application and region.
The High Nitrogen Content of Urea
Urea contains a high nitrogen content, typically around 46%. Nitrogen is vital for aquatic plants and algae, which form the base for the aquatic food chain. Urea, when added to aquaculture ponds, supplies essential nitrogen, stimulating the growth of primary producers like phytoplankton. These producers, in turn, become food for fish and shrimp, supporting the entire aquatic ecosystem.
Urea is widely available in various regions, making it easily accessible to aquaculture farmers. For instance, according to the International Fertilizer Association, in 2020 the total consumption of urea fertilizer in the world amounted to 54,516 thousand tonnes. Urea releases nitrogen quickly into the water, which can help the growth of phytoplankton and algae. This rapid release is beneficial in aquaculture systems where a rapid increase in food availability is desired.
Geographical Penetration
Asia-Pacific’s Growing Aquaculture Industry
The Asia-Pacific is home to some of the world’s largest and most advanced aquaculture industries, with significant contributions to global aquaculture production coming from countries like China, India, Vietnam, Indonesia, and Thailand. For instance, according to the World Bank, the aquaculture production in China was 72,805,297 metric tons. The sheer scale and diversity of aquaculture operations in this region drive significant demand for aquatic fertilizers.
Moreover, in Asia-Pacific, there is an increasing popularity of seafood due to its nutrients. According to the Indian Council of Agricultural Research, fish consumption per capita in India is estimated to be 5–6 kilograms per year. Aquaculture fertilizers play a crucial role by supplying essential nutrients like nitrogen and phosphorus. These fertilizers promote the growth of phytoplankton and algae, which serve as the foundation of the aquatic food chain. Hence, the rising demand for seafood consumption is driving the market growth of aquaculture fertilizer in that region.

Competitive Landscape
The major global players include Biostadt India Limited, BioLogic, Bare Ground Solutions, Americas Seed & Belting, The Water Garden LLC, Backwoods Premium Wildlife Products, Affiliates, Neptune’s Harvest, Espoma, FoxFarm Soil & Fertilizer Co.

COVID-19 Impact Analysis
COVID Impact
The pandemic disrupted supply chains globally, affecting the production and distribution of aquaculture fertilizers. Delays in the transportation of raw materials and finished products impacted availability and caused price fluctuations. Lockdowns and restrictions led to labor shortages in many aquaculture operations. This affected the application of fertilizers and other farm management activities, potentially reducing productivity.
Consumer behavior changed during the pandemic. While there was increased demand for seafood in some regions as people cooked more at home, the closure of restaurants and disruptions in the food service industry affected the overall demand for aquaculture products, which, in turn, impacted the need for fertilizers.
Russia- Ukraine War Impact
Both Russia and Ukraine are two major fertilizer-producing nations. The conflict can disrupt the production and transportation of all fertilizers including aquaculture fertilizer, leading to potential shortages and price fluctuations in the aquaculture fertilizer market globally
According to data from the industry association Fertilizers Europe, Russia, and Belarus provide as much as 60% of the EU’s fertilizer supply. Any disruption in the supply of fertilizer ingredients from the region can affect global fertilizer prices. If prices rise significantly, it could lead to higher production costs for aquaculture farmers, potentially impacting their profitability.
By Source
? Urea
? Triple Superphosphate
? Single Superphosphate
? Di-ammonium Phosphate
? Potassium Chloride
? Others
By Distribution Channel


    • E-Commerce
    • Supermarket/Hypermarket
    • Specialty Stores
    • Others


By Application


  • • Seawater Aquaculture
    • Onshore Aquaculture


By Region


  • • North America


o U.S.
o Canada
o Mexico


  • • Europe


o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe


  • • South America


o Brazil
o Argentina
o Rest of South America


  • • Asia-Pacific


o China
o India
o Japan
o Australia
o Rest of Asia-Pacific


  • • Middle East and Africa


Key Developments


  • • In April 2022, Agrimin entered into a legally binding offtake agreement with Gavilon Fertiliser, LLC, for the supply of 50,000 tpy of sulfate of potash (SOP) produced by the Mackay Potash Project for sale and distribution in the US.
    • In March 2021, Sinochem Fertilizer, a subsidiary of Sinofert, declared an agreement with Agrimin, for the delivery of 150 000 tpy of sulfate of potash (SOP) produced from the Mackay potash project for sale and distribution in China.
    • In January 2020, Sinochem, a subsidiary of Sinofert declared its merger with ChemChina, a significant chemical producer. The merger is expected to make the company to be the country’s largest agrochemical company.


Why Purchase the Report?


  • • To visualize the global aquaculture fertilizer market segmentation based on source, distribution channel, application and region, as well as understand key commercial assets and players.
    • Identify commercial opportunities by analyzing trends and co-development.
    • Excel data sheet with numerous data points of aquaculture fertilizer market-level with all segments.
    • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
    • Product mapping available as Excel consisting of key products of all the major players.


The global aquaculture fertilizer market report would provide approximately 61 tables, 61 figures and 180 Pages.
Target Audience 2023


  • • Manufacturers/ Buyers
    • Industry Investors/Investment Bankers
    • Research Professionals
    • Emerging Companies