Reports

Asia Pacific Aquafeed Market

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 (2018-2028); 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 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.

 

Asia Pacific Aquafeed Market

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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.

 

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.

 

Asia Pacific Aquafeed Market By Ingredient

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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.

 

Asia Pacific Aquafeed Market By Region

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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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

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

Key Questions Answered in the Report

What was the market size in 2022?

The Asia Pacific aquafeed market reached a volume of 36.56 million tons in 2022.

What is the growth rate of the Asia Pacific aquafeed market?

The market is projected to grow at a CAGR of 10.7% between 2023 and 2028.

What is the forecast outlook of the Asia Pacific aquafeed market for 2023-2028?

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.

What are the major market drivers?

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.

What are the key trends of the Asia Pacific aquafeed market?

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.

What are the major countries in the Asia Pacific market, according to the EMR report?

China, Indonesia, Japan, Bangladesh, Thailand, Vietnam, India, Malaysia, and South Korea, among others, are the major countries in the Asia Pacific market.

What are the various ingredients of aquafeed considered in the market report?

Fish meal, soybean, fish oil, corn, and additives, among others, are the various ingredients considered in the market report.

What are the major ingredients used in the industry?

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

What are the major additives used in aquafeed?

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

What are the various product forms of aquafeed considered in the market report?

Pellets, extruded, powdered, and liquid are the various product forms of aquafeed considered in the market report.

What are the significant end uses of aquafeed?

Carps, shrimp, tilapia, molluscs, catfish, salmon, and lobsters, among others, are the significant end uses of aquafeed.

Who are the key market players, according to the report?

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 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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