Feed One Plans to Launch Fishmeal-Free Eel Feed "Kamui ZERO" by Fiscal 2026, Retail Price 20%–30% Below Conventional Products

Japanese aquafeed manufacturer Feed One is advancing preparations to commercialize a compound feed for Japanese eel (Anguilla japonica) that contains no fishmeal at all. The product, marketed under the name "Kamui ZERO," is scheduled to reach the market before the end of fiscal 2026. The company expects its retail price to be 20%–30% lower than conventional feed in its catalog.

According to the Japanese seafood industry publication Nikkan Suisan Keizai Shimbun, the product is targeted for launch before the end of 2026. The report positions it as a first for the eel farming industry, while noting that its comparative performance against other commercially available compound feeds still needs to be independently verified at commercial farms.

Feed One's alternative comes at a time when international markets for the marine raw materials used in aquaculture feed are tight. Peru, the world's largest producer and exporter of fishmeal and fish oil, still faces uncertainty over the availability of anchovy (Engraulis ringens) ahead of the second fishing season of 2026.

On October 16, 2026, Nikkan Suisan Keizai Shimbun reported that the benchmark fishmeal quote on the Japanese market had surpassed 600 yen per kilogram. Market caution stems from expectations that Peruvian authorities may not approve a new quota for the country's north-central waters, a decision that depends on official biological survey reports.

Feed One has not disclosed the detailed formulation of "Kamui ZERO," the nature of the alternative protein and lipid sources used, the final retail price per kilogram, or the planned industrial production scale.

On the technical front, Feed One has already launched "ZERO" series formulations for other commercial species during 2026, including red sea bream (Pagrus major) and rainbow trout (Oncorhynchus mykiss). The company is also involved in research projects focused on insect-derived protein, including mealworm larvae (Tenebrio molitor), with the goal of strategically replacing conventional raw materials.

Koji Hashimoto, who heads Feed One's aquafeed division, appears in the report. Final confirmation of "Kamui ZERO" will depend on its performance in intensive commercial farming, and the product must balance growth performance and feed conversion ratio while replacing marine raw materials.