The China aquafeed market size reached 16.9 Million Tons in 2023. The market is projected to reach 30.6 Million Tons by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2023-2032.
The feeds are compounded meals available in various forms which provide nutrition in a stable and concentrated form, enabling the aquatic animals to grow efficiently and to their full potential. These blends are prepared and provided to the aquatic animals according to the specific requisite of the species and their age. Aquafeed plays a major role in providing normal growth and health of the aquatic animals.
China is currently the leading producer, consumer and exporter of aquafeed globally, more specifically, a leading producer of fish feed as well. The country has also dominated in the global aquaculture production for almost two decades. In 2019, coastal fishing ban in China led to a rise in the aquaculture and marine culture, which further increased the growth of the fish feed demand, thereby increasing the need to produce high quality and more formulated feeds in the country. Moreover, factors such as increasing seafood consumption in China coupled with the rising consumer awareness about the seafood quality are further escalating the demand for aquafeed in the region. In addition to this, the Chinese government is also taking various initiatives to strengthen the aquaculture industry in order to increase its production share in the international market. Currently, there is a huge demand of fish feed in the country. At times, country’s production of fishmeal is not enough for domestic use. It needs to be re-imported and cannot be exported to other countries, thereby rising the market of aquafeed in the country itself.
2. What is the expected growth rate of the China aquafeed market during 2024-2032?
3. What are the key factors driving the China aquafeed market?
4. What has been the impact of COVID-19 on the China aquafeed market?
5. What is the breakup of the China aquafeed market based on the species?
6. What is the breakup of the China aquafeed market based on the ingredient?
7. What is the breakup of the China aquafeed market based on the additive?
8. What is the breakup of the China aquafeed market based on the product form?
9. What are the key regions in the China aquafeed market?
10. Who are the key players/companies in the China aquafeed market?
The feeds are compounded meals available in various forms which provide nutrition in a stable and concentrated form, enabling the aquatic animals to grow efficiently and to their full potential. These blends are prepared and provided to the aquatic animals according to the specific requisite of the species and their age. Aquafeed plays a major role in providing normal growth and health of the aquatic animals.
China is currently the leading producer, consumer and exporter of aquafeed globally, more specifically, a leading producer of fish feed as well. The country has also dominated in the global aquaculture production for almost two decades. In 2019, coastal fishing ban in China led to a rise in the aquaculture and marine culture, which further increased the growth of the fish feed demand, thereby increasing the need to produce high quality and more formulated feeds in the country. Moreover, factors such as increasing seafood consumption in China coupled with the rising consumer awareness about the seafood quality are further escalating the demand for aquafeed in the region. In addition to this, the Chinese government is also taking various initiatives to strengthen the aquaculture industry in order to increase its production share in the international market. Currently, there is a huge demand of fish feed in the country. At times, country’s production of fishmeal is not enough for domestic use. It needs to be re-imported and cannot be exported to other countries, thereby rising the market of aquafeed in the country itself.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the China aquafeed market report, along with forecasts at the country and province level from 2023-2032. The report has categorized the market based on species, ingredient, additive and product form.Breakup by Species:
- Carps
- Catfish
- Tilapia
- Shrimp
- Others
Breakup by Ingredient:
- Soybean
- Fish Meal
- Corn
- Fish Oil
- Additives
- Others
Breakup by Additive:
- Vitamins and Minerals
- Amino Acids
- Antibiotics
- Feed Acidifiers
- Others
Breakup by Product Form:
- Pellets
- Extruded
- Powdered
- Liquid
Breakup by Province:
- Guangdong
- Jiangsu
- Hubei
- Hunan
- Zhejiang
- Others
Competitive Landscape
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry. Some of the key players include Cargill, Alltech China, Liaoning Wellhope Agri-Tech Joint Stock Co., Tongwei Group Co., Aller Aqua, Nutreco, BioMar-Tongwei Biotech (Wuxi), Charoen Pokphand Group, etc.Key Questions Answered in This Report
1. What was the size of the China aquafeed market in 2023?2. What is the expected growth rate of the China aquafeed market during 2024-2032?
3. What are the key factors driving the China aquafeed market?
4. What has been the impact of COVID-19 on the China aquafeed market?
5. What is the breakup of the China aquafeed market based on the species?
6. What is the breakup of the China aquafeed market based on the ingredient?
7. What is the breakup of the China aquafeed market based on the additive?
8. What is the breakup of the China aquafeed market based on the product form?
9. What are the key regions in the China aquafeed market?
10. Who are the key players/companies in the China aquafeed market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 China Aquafeed Market
6 Market Breakup by Species
7 Market Breakup by Ingredient
8 Market Breakup by Additive
9 Market Breakup by Product Form
10 Market Breakup by Province
11 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Cargill
- Alltech China
- Liaoning Wellhope Agri-Tech Joint Stock Co.
- Tongwei Group Co.
- Aller Aqua
- Nutreco
- BioMar-Tongwei Biotech (Wuxi)
- Charoen Pokphand Group
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value in 2023 | 16.9 Million Tons |
| Forecasted Market Value by 2032 | 30.6 Million Tons |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | China |
| No. of Companies Mentioned | 8 |
