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Asia Pacific Aquafeed Market: By Ingredient: Soybean, Corn, Fish Meal, Fish Oil, Additives, Others; By Additives; By Product Form; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Asia Pacific Aquafeed Market Outlook

The Asia Pacific aquafeed market stood at a volume of 30 million tons in 2019. The industry is being supported by the growing global aquafeed market, which stood at a volume of around 55 million tons in 2019 and is further expected to grow at a CAGR of 10.4% during 2020-2025 to attain 99.6 million tons by 2025.

The Asia Pacific aquafeed market is supported by the presence of a large population and growing consumption of seafood. The region currently holds the highest share in the global aquaculture production. Seafood is one of the most popular food items and plays a significant role in the dietary habits in several countries such as China, Thailand, Vietnam, Indonesia, Malaysia, South Korea, and Japan.

The carps segment represents the most popular end-user in the global aquafeed market. Further pellets account for a significant industry share globally owing to its ease of use.

 

Properties and Applications

Aquafeed refers to the compounded meals that are prepared to feed different marine species by mixing various raw materials and additives. Such blends are formulated and supplied in compliance with the species' particular requirements and age. Aquafeed plays a vital role in giving the aquatic species normal growth and health. It also helps reduce the effects of stress, enhancing disease tolerance power, and improve immunity.

On the basis of end-use, the Asia Pacific aquafeed market has been segmented into:

  • Carps
  • Shrimp
  • Tilapia
  • Molluscs
  • Catfish
  • Salmon
  • Lobsters
  • Others

On the basis of ingredients, the industry is categorised into:

  • Soybean
  • Fish Meal
  • Corn
  • Fish Oil
  • Additives
  • Others

Based on additives, the aquafeed market has been segmented into:

  • Amino Acids
  • Antibiotics
  • Vitamins
  • Feed Acidifiers
  • Others

On the basis of product form, the industry is categorised into:

  • Pellets
  • Extruded
  • Powdered
  • Liquid

The report also covers the regional aquafeed markets in the Asia Pacific, which include China, Indonesia, Japan, Bangladesh, Thailand, Vietnam, India, Malaysia, and South Korea, among others.

 

Market Analysis

The growing population and rising health concern among consumers in the Asia Pacific are driving the demand for aquafeed. The growing consumption of seafood is supporting the growth of the Asia Pacific aquafeed market. The growing consumer knowledge regarding the benefits of these additives, coupled with the outbreak of various diseases, is generating the need for additives in poultry, aqua, and other animal-based products, which in turn, is boosting the product demand worldwide. Thus, the demand for seafood in the region is catalysed by both domestic consumption and exports, which is aiding the growth of aquafeed industry in the Asia Pacific.

Within the Asia Pacific, the growing consumer inclination towards protein-rich diet, along with factors like rising disposable incomes and changing lifestyle patterns, is leading to increased demand for seafood. The various government programmes to enhance the supply of certified sustainable seafood will further drive the demand for aquafeed in the region. Moreover, key market players are increasingly investing in R&D activities to deliver improved products, which is expected to accelerate the demand for aquafeed. The market players are also focusing on improving their product lines, which is expected to aid the Asia Pacific aquafeed market over the forecast period.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the Asia Pacific aquafeed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Charoen Pokphand Foods PCL.
  • BioMar Group
  • Aller Aqua Group
  • Ridley Corporation Limited
  • Cargill, Incorporated
  • Nutreco N.V.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Aquafeed Market Snapshot
    6.1    Global 
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Aquafeed Market Overview

    8.1    Key Industry Highlights
    8.2    Global Aquafeed Historical Market (2015-2019) 
    8.3    Global Aquafeed Market Forecast (2020-2025)
    8.4    Global Aquafeed Market by Ingredient
    8.5    Global Aquafeed Market by Additives
    8.6    Global Aquafeed Market by Product Form
    8.7    Global Aquafeed Market by End Use 
    8.8    Global Aquafeed Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Asia Pacific Aquafeed Market Analysis
    9.1    Key Industry Highlights
    9.2    Asia Pacific Aquafeed Historical Market (2015-2019) 
    9.3    Asia Pacific Aquafeed Market Forecast (2020-2025)
    9.4    Asia Pacific Aquafeed Market by Ingredient
        9.4.1    Soybean
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Corn
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
        9.4.3    Fish Meal
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2015-2019)
            9.4.3.3    Forecast Trend (2020-2025)
        9.4.4    Fish Oil
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2015-2019)
            9.4.4.3    Forecast Trend (2020-2025)
        9.4.5    Additives
            9.4.5.1    Market Share
            9.4.5.2    Historical Trend (2015-2019)
            9.4.5.3    Forecast Trend (2020-2025)
        9.4.6    Others
    9.5    Asia Pacific Aquafeed Market by Additives
        9.5.1    Amino Acids
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Antibiotics
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
        9.5.3    Vitamins
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2015-2019)
            9.5.3.3    Forecast Trend (2020-2025)
        9.5.4    Feed Acidifiers
            9.5.4.1    Market Share
            9.5.4.2    Historical Trend (2015-2019)
            9.5.4.3    Forecast Trend (2020-2025)
        9.5.5    Others
    9.6    Asia Pacific Aquafeed Market by Product Form
        9.6.1    Pellets
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2015-2019)
            9.6.1.3    Forecast Trend (2020-2025)
        9.6.2    Extruded
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2015-2019)
            9.6.2.3    Forecast Trend (2020-2025)
        9.6.3    Powdered
            9.6.3.1    Market Share
            9.6.3.2    Historical Trend (2015-2019)
            9.6.3.3    Forecast Trend (2020-2025)
        9.6.4    Liquid
            9.6.4.1    Market Share
            9.6.4.2    Historical Trend (2015-2019)
            9.6.4.3    Forecast Trend (2020-2025)
    9.7    Asia Pacific Aquafeed Market by End Use
        9.7.1    Carps
            9.7.1.1    Market Share
            9.7.1.2    Historical Trend (2015-2019)
            9.7.1.3    Forecast Trend (2020-2025)
        9.7.2    Shrimp
            9.7.2.1    Market Share
            9.7.2.2    Historical Trend (2015-2019)
            9.7.2.3    Forecast Trend (2020-2025)
        9.7.3    Tilapia
            9.7.3.1    Market Share
            9.7.3.2    Historical Trend (2015-2019)
            9.7.3.3    Forecast Trend (2020-2025)
        9.7.4    Molluscs
            9.7.4.1    Market Share
            9.7.4.2    Historical Trend (2015-2019)
            9.7.4.3    Forecast Trend (2020-2025)
        9.7.5    Catfish
            9.7.5.1    Market Share
            9.7.5.2    Historical Trend (2015-2019)
            9.7.5.3    Forecast Trend (2020-2025)
        9.7.6    Salmon
            9.7.6.1    Market Share
            9.7.6.2    Historical Trend (2015-2019)
            9.7.6.3    Forecast Trend (2020-2025)
        9.7.7    Lobsters
            9.7.7.1    Market Share
            9.7.7.2    Historical Trend (2015-2019)
            9.7.7.3    Forecast Trend (2020-2025)
        9.7.8    Others
    9.8    Asia Pacific Aquafeed Market by Country
        9.8.1    Market Share
            9.8.1.1    China
            9.8.1.2    Indonesia
            9.8.1.3    Japan
            9.8.1.4    Bangladesh
            9.8.1.5    Thailand
            9.8.1.6    Vietnam
            9.8.1.7    India
            9.8.1.8    Malaysia
            9.8.1.9    South Korea
            9.8.1.10    Others
10    Regional Analysis
    10.1    China
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
        10.1.3    Breakup by Ingredient
        10.1.4    Breakup by Additives
        10.1.5    Breakup by Product Forms
        10.1.6    Breakup by End Use
    10.2    Indonesia
        10.2.1    Historical Trend (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
        10.2.3    Breakup by Ingredient
        10.2.4    Breakup by Additives
        10.2.5    Breakup by Product Forms
        10.2.6    Breakup by End Use
    10.3    Japan
        10.3.1    Historical Trend (2015-2019)
        10.3.2    Forecast Trend (2020-2025)
        10.3.3    Breakup by Ingredient
        10.3.4    Breakup by Additives
        10.3.5    Breakup by Product Forms
        10.3.6    Breakup by End Use
    10.4    Bangladesh
        10.4.1    Historical Trend (2015-2019)
        10.4.2    Forecast Trend (2020-2025)
        10.4.3    Breakup by Ingredient
        10.4.4    Breakup by Additives
        10.4.5    Breakup by Product Forms
        10.4.6    Breakup by End Use
    10.5    Thailand
        10.5.1    Historical Trend (2015-2019)
        10.5.2    Forecast Trend (2020-2025) 
        10.5.3    Breakup by Ingredient
        10.5.4    Breakup by Additives
        10.5.5    Breakup by Product Forms
        10.5.6    Breakup by End Use
    10.6    Vietnam
        10.6.1    Historical Trend (2015-2019)
        10.6.2    Forecast Trend (2020-2025)
        10.6.3    Breakup by Ingredient
        10.6.4    Breakup by Additives
        10.6.5    Breakup by Product Forms
        10.6.6    Breakup by End Use
    10.7    India
        10.7.1    Historical Trend (2015-2019)
        10.7.2    Forecast Trend (2020-2025)
        10.7.3    Breakup by Ingredient
        10.7.4    Breakup by Additives
        10.7.5    Breakup by Product Forms
        10.7.6    Breakup by End Use
    10.8    Malaysia
        10.8.1    Historical Trend (2015-2019)
        10.8.2    Forecast Trend (2020-2025)
        10.8.3    Breakup by Ingredient
        10.8.4    Breakup by Additives
        10.8.5    Breakup by Product Forms
        10.8.6    Breakup by End Use
    10.9    South Korea
        10.9.1    Historical Trend (2015-2019)
        10.9.2    Forecast Trend (2020-2025)
        10.9.3    Breakup by Ingredient
        10.9.4    Breakup by Additives
        10.9.5    Breakup by Product Forms
        10.9.6    Breakup by End Use
    10.10    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players’ Market Share
    13.3    Company Profiles
        13.3.1    Charoen Pokphand Foods PCL.
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Certifications
        13.3.2    BioMar Group
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Certifications
        13.3.3    Aller Aqua Group
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Certifications
        13.3.4    Ridley Corporation Limited
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Certifications
        13.3.5    Cargill, Incorporated
            13.3.5.1    Company Overview
            13.3.5.2    Product Portfolio
            13.3.5.3    Demographic Reach and Achievements
            13.3.5.4    Certifications
        13.3.6    Nutreco N.V.
            13.3.6.1    Company Overview
            13.3.6.2    Product Portfolio
            13.3.6.3    Demographic Reach and Achievements
            13.3.6.4    Certifications
        13.3.7    Others
14    Industry Events and Developments

 

List of Figures and Tables

1.    Global Aquafeed Market: Key Industry Highlights, 2015 and 2025
2.    Global Aquafeed Historical Market: Breakup by Ingredient (Million Tons), 2015-2019
3.    Global Aquafeed Market Forecast: Breakup by Ingredient (Million Tons), 2020-2025
4.    Global Aquafeed Historical Market: Breakup by Additives (Million Tons), 2015-2019
5.    Global Aquafeed Market Forecast: Breakup by Additives (Million Tons), 2020-2025
6.    Global Aquafeed Historical Market: Breakup by Product Form (Million Tons), 2015-2019
7.    Global Aquafeed Market Forecast: Breakup by Product Form (Million Tons), 2020-2025
8.    Global Aquafeed Historical Market: Breakup by End Use (Million Tons), 2015-2019
9.    Global Aquafeed Market Forecast: Breakup by End Use (Million Tons), 2020-2025
10.    Global Aquafeed Historical Market: Breakup by Region (Million Tons), 2015-2019
11.    Global Aquafeed Market Forecast: Breakup by Region (Million Tons), 2020-2025
12.    Asia Pacific Aquafeed Market: Key Industry Highlights, 2015 and 2025
13.    Asia Pacific Aquafeed Historical Market: Breakup by Ingredient (Million Tons), 2015-2019
14.    Asia Pacific Aquafeed Market Forecast: Breakup by Ingredient (Million Tons), 2020-2025
15.    Asia Pacific Aquafeed Historical Market: Breakup by Additives (Million Tons), 2015-2019
16.    Asia Pacific Aquafeed Market Forecast: Breakup by Additives (Million Tons), 2020-2025
17.    Asia Pacific Aquafeed Historical Market: Breakup by Product Form (Million Tons), 2015-2019
18.    Asia Pacific Aquafeed Market Forecast: Breakup by Product Form (Million Tons), 2020-2025
19.    Asia Pacific Aquafeed Historical Market: Breakup by End Use (Million Tons), 2015-2019
20.    Asia Pacific Aquafeed Market Forecast: Breakup by End Use (Million Tons), 2020-2025
21.    Asia Pacific Aquafeed Historical Market: Breakup by Region (Million Tons), 2015-2019
22.    Asia Pacific Aquafeed Market Forecast: Breakup by Region (Million Tons), 2020-2025
23.    North America Aquafeed Historical Market: Breakup by Country (Million Tons), 2015-2019
24.    North America Aquafeed Market Forecast: Breakup by Country (Million Tons), 2020-2025
25.    Europe Aquafeed Historical Market: Breakup by Country (Million Tons), 2015-2019
26.    Europe Aquafeed Market Forecast: Breakup by Country (Million Tons), 2020-2025
27.    Asia Pacific Aquafeed Historical Market: Breakup by Country (Million Tons), 2015-2019
28.    Asia Pacific Aquafeed Market Forecast: Breakup by Country (Million Tons), 2020-2025
29.    Latin America Aquafeed Historical Market: Breakup by Country (Million Tons), 2015-2019
30.    Latin America Aquafeed Market Forecast: Breakup by Country (Million Tons), 2020-2025
31.    Middle East and Africa Aquafeed Historical Market: Breakup by Country (Million Tons), 2015-2019
32.    Middle East and Africa Aquafeed Market Forecast: Breakup by Country (Million Tons), 2020-2025
33.    Asia Pacific Aquafeed Market Structure

Key Questions Answered in the Report

The Asia Pacific aquafeed market reached a volume of 30 million tons in 2019.

The Asia Pacific market is aided by the growth of the global market, which is projected to grow at a CAGR of nearly 10.4% in the forecast period of 2020-2025.

The market is estimated to reach a volume of about 96.8 million tons by 2025.

The major drivers of the industry include rising disposable incomes, increasing population, rising health concern among consumers, growing consumption of seafood, increasing domestic consumption and exports, and the growing consumer inclination towards protein-rich diet.

Several government programmes to improve the supply of certified sustainable seafood is expected to be a key trend guiding the growth of the industry.

China, Indonesia, Japan, Bangladesh, Thailand, Vietnam, India, Malaysia, and South Korea, among others, are the leading regions in the market.

The product finds its major end-uses in the industry in the areas of carps, shrimp, tilapia, molluscs, catfish, salmon, and lobsters, among others.

The major ingredients in the industry are soybean, fish meal, corn, fish oil, and additives, among others.

The major additives in the industry are amino acids, antibiotics, vitamins, and feed acidifiers, among others.

The dominant product forms include pellets, extruded, powdered, and liquid.

The leading players in the market are Charoen Pokphand Foods PCL., BioMar Group, Aller Aqua Group, Ridley Corporation Limited, Cargill, Incorporated, and Nutreco N.V., among others.

Analyst Review

The Asia Pacific aquafeed market attained a volume of 30 million tons in 2019, driven by the rising health concern among consumers. Aided by the increasing consumer inclination towards a protein-rich diet, the industry is expected to witness a further growth in the forecast period of 2020-2025.

EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its end-uses, the Asia Pacific market for aquafeed can be segmented into carps, shrimp, tilapia, molluscs, catfish, salmon, and lobsters, among others. By ingredients, the industry can be divided into soybean, fish meal, corn, fish oil, and additives, among others. On the basis of additives, the industry can be segmented into amino acids, antibiotics, vitamins, and feed acidifiers, among others. The product forms include pellets, extruded, powdered, and liquid. The major regional markets for aquafeed are China, Indonesia, Japan, Bangladesh, Thailand, Vietnam, India, Malaysia, and South Korea, among others. The key players in the above industry include Charoen Pokphand Foods PCL., BioMar Group, Aller Aqua Group, Ridley Corporation Limited, Cargill, Incorporated, and Nutreco N.V., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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