The Thailand aquafeed market size reached 4,09,700 Tons in 2023. Looking forward, the publisher expects the market to reach 7,77,700 Tons by 2032, exhibiting a growth rate (CAGR) of 7.4% during 2023-2032.
Thailand has the most sophisticated commercial aquafeed manufacturing industry. It has one of the world's largest shrimp and fish production industries which play a significant role in the country’s economy. Rising exports of fishery products across various countries have increased the demand of aquafeed in the country. Moreover, all the required raw materials are easily available in the country that helps in the rapid development and production of fish feed such as corn, soybean, fish meal etc. Apart from this, rising awareness among consumers about the high-protein content of seafood has encouraged the farmers to use improved aquafeed. Additionally, new technologies are being introduced in the country to improve the feed quality in order to attain higher productivity. In addition, due to drug and chemical residue problems, farmers who culture freshwater shrimp have started using more commercial feed instead of on-farm mixed feed.
Tilapia
Catfish
Common Silver Barb
Others
Crustaceans
Shrimp
Others
Mollusks
Others
Fish currently accounts for the largest share in the market.
Fish Meal
Wheat Flour and Wheat Products
Rice Products
Corns
Additives
Vitamins and Minerals
Amino Acids
Feed enzymes
Antioxidants
Others
Others
Amongst these, soybean accounts for the largest share.
Extruded
Powdered
Liquid
Pellets represent the biggest segment, accounting for the largest market share.
Cargill Thailand
Thai Luxe Enterprises (Thailand) Co., Ltd.
Thai Union Feed mill Co., Ltd.
Lee Feed Mill Public Company Limited
Betagro Group
Inteqc Feed Co., Ltd.
What is the breakup of the Thailand aquafeed market based on the end user?
What is the breakup of the Thailand aquafeed market based on the ingredient?
What is the breakup of the Thailand aquafeed market based on the product form?
What has been the impact of COVID-19 in the Thailand aquafeed market?
What are the various stages in the value chain of the Thailand aquafeed market?
What are the key driving factors and challenges in the Thailand aquafeed market?
What is the structure of the Thailand aquafeed market and who are the key players?
What is the degree of competition in the Thailand aquafeed market?
Thailand has the most sophisticated commercial aquafeed manufacturing industry. It has one of the world's largest shrimp and fish production industries which play a significant role in the country’s economy. Rising exports of fishery products across various countries have increased the demand of aquafeed in the country. Moreover, all the required raw materials are easily available in the country that helps in the rapid development and production of fish feed such as corn, soybean, fish meal etc. Apart from this, rising awareness among consumers about the high-protein content of seafood has encouraged the farmers to use improved aquafeed. Additionally, new technologies are being introduced in the country to improve the feed quality in order to attain higher productivity. In addition, due to drug and chemical residue problems, farmers who culture freshwater shrimp have started using more commercial feed instead of on-farm mixed feed.
Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the Thailand aquafeed market report, along with forecasts at the period 2024-2032. Our report has categorized the market based on end user, ingredient and product form.Breakup by End User:
FishesTilapia
Catfish
Common Silver Barb
Others
Crustaceans
Shrimp
Others
Mollusks
Others
Fish currently accounts for the largest share in the market.
Breakup by Ingredient:
SoybeanFish Meal
Wheat Flour and Wheat Products
Rice Products
Corns
Additives
Vitamins and Minerals
Amino Acids
Feed enzymes
Antioxidants
Others
Others
Amongst these, soybean accounts for the largest share.
Breakup by Product Form:
PelletsExtruded
Powdered
Liquid
Pellets represent the biggest segment, accounting for the largest market share.
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:
Charoen Pokphand GroupCargill Thailand
Thai Luxe Enterprises (Thailand) Co., Ltd.
Thai Union Feed mill Co., Ltd.
Lee Feed Mill Public Company Limited
Betagro Group
Inteqc Feed Co., Ltd.
Key Questions Answered in This Report:
How has the Thailand aquafeed market performed so far and how will it perform in the coming years?What is the breakup of the Thailand aquafeed market based on the end user?
What is the breakup of the Thailand aquafeed market based on the ingredient?
What is the breakup of the Thailand aquafeed market based on the product form?
What has been the impact of COVID-19 in the Thailand aquafeed market?
What are the various stages in the value chain of the Thailand aquafeed market?
What are the key driving factors and challenges in the Thailand aquafeed market?
What is the structure of the Thailand aquafeed market and who are the key players?
What is the degree of competition in the Thailand aquafeed market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Thailand Aquafeed Market
6 Market Breakup by End User
7 Market Breakup by Ingredient
8 Market Breakup by Product Form
9 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Charoen Pokphand Group
- Cargill Thailand
- Thai Luxe Enterprises (Thailand) Co. Ltd
- Thai Union Feed mill Co. Ltd
- Lee Feed Mill Public Company Limited
- Betagro Group
- Inteqc Feed Co. Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value in 2023 | 409700 Tons |
| Forecasted Market Value by 2032 | 777700 Tons |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Thailand |
| No. of Companies Mentioned | 7 |
