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The Asia Pacific aquafeed market stood at a volume of 36.56 million tons in 2022. The Asia Pacific market is aided by the growth of the global market, which is projected to grow at a CAGR of nearly 10.7% in the forecast period of 2023-2028.
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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.
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.
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On the basis of end-use, the Asia Pacific aquafeed market has been segmented into:
On the basis of ingredients, the industry is categorised into:
Based on additives, the aquafeed market has been segmented into:
On the basis of product form, the industry is categorised into:
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.
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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.
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:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Ingredient, Additives, Product Form, End Use, Country |
Breakup by Ingredient | Soybean, Corn, Fish Meal, Fish Oil, Additives, Others |
Breakup by Additives | Amino Acids, Antibiotics, Vitamins, Feed Acidifiers, Others |
Breakup by Product Form | Pellets, Extruded, Powdered, Liquid |
Breakup by End Use | Carps, Shrimp, Tilapia, Molluscs, Catfish, Salmon, Lobsters, Others |
Breakup by Country | China, Indonesia, Japan, Bangladesh, Thailand, Vietnam, India, Malaysia, South Korea, Others |
Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
Companies Covered | Charoen Pokphand Foods PCL., BioMar Group, Aller Aqua Group, Ridley Corporation Limited, Cargill, Incorporated, Nutreco N.V., Others |
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Opportunities and Challenges in the Market
8 Global Aquafeed Market Overview
8.1 Key Industry Highlights
8.2 Global Aquafeed Historical Market (2018-2022)
8.3 Global Aquafeed Market Forecast (2023-2028)
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 (2018-2022)
9.3 Asia Pacific Aquafeed Market Forecast (2023-2028)
9.4 Asia Pacific Aquafeed Market by Ingredient
9.4.1 Soybean
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Corn
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Fish Meal
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Fish Oil
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2023-2028)
9.4.5 Additives
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2022)
9.4.5.3 Forecast Trend (2023-2028)
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 (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Antibiotics
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Vitamins
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Feed Acidifiers
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2022)
9.5.4.3 Forecast Trend (2023-2028)
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 (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Extruded
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Powdered
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2022)
9.6.3.3 Forecast Trend (2023-2028)
9.6.4 Liquid
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2018-2022)
9.6.4.3 Forecast Trend (2023-2028)
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 (2018-2022)
9.7.1.3 Forecast Trend (2023-2028)
9.7.2 Shrimp
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2023-2028)
9.7.3 Tilapia
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2022)
9.7.3.3 Forecast Trend (2023-2028)
9.7.4 Molluscs
9.7.4.1 Market Share
9.7.4.2 Historical Trend (2018-2022)
9.7.4.3 Forecast Trend (2023-2028)
9.7.5 Catfish
9.7.5.1 Market Share
9.7.5.2 Historical Trend (2018-2022)
9.7.5.3 Forecast Trend (2023-2028)
9.7.6 Salmon
9.7.6.1 Market Share
9.7.6.2 Historical Trend (2018-2022)
9.7.6.3 Forecast Trend (2023-2028)
9.7.7 Lobsters
9.7.7.1 Market Share
9.7.7.2 Historical Trend (2018-2022)
9.7.7.3 Forecast Trend (2023-2028)
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 (2018-2022)
10.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.5.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.6.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.7.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.8.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.9.2 Forecast Trend (2023-2028)
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 Key Indicators for Demand
11.4 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 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aquafeed Market: Key Industry Highlights, 2018 and 2028
2. Global Aquafeed Historical Market: Breakup by Ingredient (Million Tons), 2018-2022
3. Global Aquafeed Market Forecast: Breakup by Ingredient (Million Tons), 2023-2028
4. Global Aquafeed Historical Market: Breakup by Additives (Million Tons), 2018-2022
5. Global Aquafeed Market Forecast: Breakup by Additives (Million Tons), 2023-2028
6. Global Aquafeed Historical Market: Breakup by Product Form (Million Tons), 2018-2022
7. Global Aquafeed Market Forecast: Breakup by Product Form (Million Tons), 2023-2028
8. Global Aquafeed Historical Market: Breakup by End Use (Million Tons), 2018-2022
9. Global Aquafeed Market Forecast: Breakup by End Use (Million Tons), 2023-2028
10. Global Aquafeed Historical Market: Breakup by Region (Million Tons), 2018-2022
11. Global Aquafeed Market Forecast: Breakup by Region (Million Tons), 2023-2028
12. Asia Pacific Aquafeed Market: Key Industry Highlights, 2018 and 2028
13. Asia Pacific Aquafeed Historical Market: Breakup by Ingredient (Million Tons), 2018-2022
14. Asia Pacific Aquafeed Market Forecast: Breakup by Ingredient (Million Tons), 2023-2028
15. Asia Pacific Aquafeed Historical Market: Breakup by Additives (Million Tons), 2018-2022
16. Asia Pacific Aquafeed Market Forecast: Breakup by Additives (Million Tons), 2023-2028
17. Asia Pacific Aquafeed Historical Market: Breakup by Product Form (Million Tons), 2018-2022
18. Asia Pacific Aquafeed Market Forecast: Breakup by Product Form (Million Tons), 2023-2028
19. Asia Pacific Aquafeed Historical Market: Breakup by End Use (Million Tons), 2018-2022
20. Asia Pacific Aquafeed Market Forecast: Breakup by End Use (Million Tons), 2023-2028
21. Asia Pacific Aquafeed Historical Market: Breakup by Region (Million Tons), 2018-2022
22. Asia Pacific Aquafeed Market Forecast: Breakup by Region (Million Tons), 2023-2028
23. North America Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2022
24. North America Aquafeed Market Forecast: Breakup by Country (Million Tons), 2023-2028
25. Europe Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2022
26. Europe Aquafeed Market Forecast: Breakup by Country (Million Tons), 2023-2028
27. Asia Pacific Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2022
28. Asia Pacific Aquafeed Market Forecast: Breakup by Country (Million Tons), 2023-2028
29. Latin America Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2022
30. Latin America Aquafeed Market Forecast: Breakup by Country (Million Tons), 2023-2028
31. Middle East and Africa Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2022
32. Middle East and Africa Aquafeed Market Forecast: Breakup by Country (Million Tons), 2023-2028
33. Asia Pacific Aquafeed Market Structure
The Asia Pacific aquafeed market reached a volume of 36.56 million tons in 2022.
The market is projected to grow at a CAGR of 10.7% between 2023 and 2028.
The market is assessed to witness a healthy growth in the forecast period of 2023-2028 to reach about 67.03 million tons by 2028.
The major drivers of the market include rising disposable incomes, increasing population, rising health concerns among consumers, growing consumption of seafood, and the surging consumer inclination towards protein-rich diets.
The key trends guiding the market are the introduction of favourable government initiatives aimed at improving the supply of sustainable seafood, the growing awareness regarding the benefits of seafood, and the increasing research activities by key players to develop aquafeed with improved nutrition and flavour profile.
China, Indonesia, Japan, Bangladesh, Thailand, Vietnam, India, Malaysia, and South Korea, among others, are the major countries in the Asia Pacific market.
Fish meal, soybean, fish oil, corn, and additives, among others, are the various ingredients considered in the market report.
The major ingredients in the industry are soybean, fish meal, corn, fish oil, and additives, among others.
The major additives used in the market are amino acids, antibiotics, vitamins, and feed acidifiers, among others.
Pellets, extruded, powdered, and liquid are the various product forms of aquafeed considered in the market report.
Carps, shrimp, tilapia, molluscs, catfish, salmon, and lobsters, among others, are the significant end uses of aquafeed.
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.
The Asia Pacific aquafeed market attained a volume of 36.56 million tons in 2022, 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 2023-2028.
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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