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Feed management practices significantly impact the production performance of tilapia (Oreochromis species) culture economically; hence, adopting appropriate feed management strategies is vital to maximize returns. The advancement in aquaculture has also allowed an advancement in the development formulated feeds to supplement or replace natural feeds. Farmers are now able to prepare their own fish feeds from locally available ingredients. Hence, feed ingredient evaluation is crucial for better development of appropriate diets for different aquaculture species as well as nutritional research. Therefore, this review used secondary data to evaluate the different strategies employed for better utilization of nutrients in feed by providing a discussion of functional feed additives used in aquafeeds such as the addition of enzymes, pre/probiotics, feeding stimulants, and use of hormones. Supplementation of diet with xynalase and phytase enzymes (P