The Asia Pacific aquafeed market size reached 48.3 Million Tons in 2023. Looking forward, the market is projected to reach 89.6 Million Tons by 2032, exhibiting a growth rate (CAGR) of 7.11% during 2023-2032.
Aquafeeds refers to the compounded meals which are arranged to feed various aquatic animals by combining various raw materials and additives. These blends are prepared and provided according to the specific requisite of the species and their age. Aquafeed plays a key role in providing normal growth and health of the aquatic organisms. It also helps in mitigating the effects of stress, decreasing the susceptibility to disease, and improving the immunity.
Asia pacific currently accounts for the highest share in the global aquaculture production. Demand of seafood in the Asia Pacific region is catalyzed by both domestic consumption and exports. Seafood plays a key role in the dietary habits in several Asian countries such as China, Thailand, Vietnam, Indonesia, Malaysia, South Korea, Japan, etc. Catalyzed by rising incomes and Increasing health consciousness, dietary habits in the region are witnessing a transition from a high carbohydrate-based diet to one that is rich in proteins. This has encouraged many consumers to opt for protein sources such as meat and seafood. Apart from domestic consumption, several Asian countries such as China, Vietnam, India, etc.
also represent major exporters of seafood such as fish and shrimps. Moreover, increasing population, rising disposable incomes and rising aquaculture production has also increased the demand of aquafeed market in the region. In addition, various government initiatives to increase production of certified sustainable seafood is further accelerating the requirement of aquafeed in the regions.
Breakup by End User:
This report provides a deep insight into the Asia Pacific aquafeed market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Asia Pacific aquafeed market in any manner.
2. What is the expected growth rate of the Asia Pacific aquafeed market during 2024-2032?
3. What are the key factors driving the Asia Pacific aquafeed market?
4. What has been the impact of COVID-19 on the Asia Pacific aquafeed market?
5. What is the breakup of the Asia Pacific aquafeed market based on the end user?
6. What is the breakup of the Asia Pacific aquafeed market based on the ingredient?
7. What is the breakup of the Asia Pacific aquafeed market based on the additives?
8. What is the breakup of the Asia Pacific aquafeed market based on the product forms?
9. What are the key regions in the Asia Pacific aquafeed market?
10. Who are the key players/companies in the Asia Pacific aquafeed market?
Aquafeeds refers to the compounded meals which are arranged to feed various aquatic animals by combining various raw materials and additives. These blends are prepared and provided according to the specific requisite of the species and their age. Aquafeed plays a key role in providing normal growth and health of the aquatic organisms. It also helps in mitigating the effects of stress, decreasing the susceptibility to disease, and improving the immunity.
Asia pacific currently accounts for the highest share in the global aquaculture production. Demand of seafood in the Asia Pacific region is catalyzed by both domestic consumption and exports. Seafood plays a key role in the dietary habits in several Asian countries such as China, Thailand, Vietnam, Indonesia, Malaysia, South Korea, Japan, etc. Catalyzed by rising incomes and Increasing health consciousness, dietary habits in the region are witnessing a transition from a high carbohydrate-based diet to one that is rich in proteins. This has encouraged many consumers to opt for protein sources such as meat and seafood. Apart from domestic consumption, several Asian countries such as China, Vietnam, India, etc.
also represent major exporters of seafood such as fish and shrimps. Moreover, increasing population, rising disposable incomes and rising aquaculture production has also increased the demand of aquafeed market in the region. In addition, various government initiatives to increase production of certified sustainable seafood is further accelerating the requirement of aquafeed in the regions.
Key Market Segmentation:
This report provides an analysis of the key trends in each sub-segment of the Asia Pacific aquafeed market report, along with forecasts at the regional and country level from 2024-2032. The report has categorized the market based on end user, ingredient, additives, and product forms.Breakup by End User:
- Carps
- Shrimp
- Tilapia
- Mollusks
- Catfish
- Salmon
- Lobsters
- Others
Breakup by Ingredient:
- Soybean
- Fish Meal
- Corn
- Fish Oil
- Additives
- Others
Breakup by Additives:
- Amino Acids
- Antibiotics
- Vitamins
- Feed Acidifiers
- Others
Breakup by Product Forms:
- Pellets
- Extruded
- Powdered
- Liquid
Breakup by Country:
- China
- Indonesia
- Japan
- Bangladesh
- Thailand
- Vietnam
- India
- Malaysia
- South Korea
- Others
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Charoen Pokphand Group, BioMar, Aller Aqua, Tongwei Co. Ltd, Cargill, Ridley Corporation, Alltech Coppens B.V., Nutreco N.V, etc.This report provides a deep insight into the Asia Pacific aquafeed market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Asia Pacific aquafeed market in any manner.
Key Questions Answered in This Report
1. What was the size of the Asia Pacific aquafeed market in 2023?2. What is the expected growth rate of the Asia Pacific aquafeed market during 2024-2032?
3. What are the key factors driving the Asia Pacific aquafeed market?
4. What has been the impact of COVID-19 on the Asia Pacific aquafeed market?
5. What is the breakup of the Asia Pacific aquafeed market based on the end user?
6. What is the breakup of the Asia Pacific aquafeed market based on the ingredient?
7. What is the breakup of the Asia Pacific aquafeed market based on the additives?
8. What is the breakup of the Asia Pacific aquafeed market based on the product forms?
9. What are the key regions in the Asia Pacific aquafeed market?
10. Who are the key players/companies in the Asia Pacific aquafeed market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Asia-Pacific Aquafeed Market
6 Market Breakup by Ingredient
7 Market Breakup by Additives
8 Market Breakup by Product Form
9 Market Breakup by End User
10 Market Breakup by Region
11 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Charoen Pokphand Group
- BioMar
- Aller Aqua
- Tongwei Co. Ltd
- Cargill
- Ridley Corporation
- Alltech Coppens B.V.
- Nutreco N.V
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 48.3 Billion |
| Forecasted Market Value ( USD | $ 89.6 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 8 |
