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Asia Pacific Aquafeed Market Share, Analysis, Forecast: By Ingredient: Soybean, Corn, Fish Meal, Fish Oil, Additives, Others; By Additives: Amino Acids, Antibiotics, Vitamins, Feed Acidifiers, Others; By Product Form: Pellets, Extruded, Powdered, Liquid; By End Use: Carps, Others; Regional Analysis; Competitive Landscape; 2024-2032

Asia Pacific Aquafeed Market Outlook

The Asia Pacific aquafeed market stood at a volume of 40.47 million tons in 2023. 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 2024-2032.

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	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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 Region
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 Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
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 (2018-2023)
   8.3   Global Aquafeed Market Forecast (2024-2032)
   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   North America
        8.8.2   Europe
        8.8.3   Asia Pacific
       8.8.4   Latin America
        8.8.5   Middle East and Africa
9   Asia Pacific Aquafeed Market Analysis
   9.1   Key Industry Highlights
   9.2   Asia Pacific Aquafeed Historical Market (2018-2023)
   9.3   Asia Pacific Aquafeed Market Forecast (2024-2032)
   9.4   Asia Pacific Aquafeed Market by Ingredient
       9.4.1   Soybean
           9.4.1.1 Historical Trend (2018-2023)
           9.4.1.2 Forecast Trend (2024-2032)
       9.4.2   Corn
           9.4.2.1 Historical Trend (2018-2023)
           9.4.2.2 Forecast Trend (2024-2032)
       9.4.3   Fish Meal
           9.4.3.1 Historical Trend (2018-2023)
           9.4.3.2 Forecast Trend (2024-2032)
       9.4.4   Fish Oil
           9.4.4.1 Historical Trend (2018-2023)
           9.4.4.2 Forecast Trend (2024-2032)
       9.4.5   Additives
           9.4.5.1 Historical Trend (2018-2023)
           9.4.5.2 Forecast Trend (2024-2032)
       9.4.6   Others
   9.5   Asia Pacific Aquafeed Market by Additives
       9.5.1   Amino Acids
           9.5.1.1 Historical Trend (2018-2023)
           9.5.1.2 Forecast Trend (2024-2032)
       9.5.2   Antibiotics
           9.5.2.1 Historical Trend (2018-2023)
           9.5.2.2 Forecast Trend (2024-2032)
       9.5.3   Vitamins
           9.5.3.1 Historical Trend (2018-2023)
           9.5.3.2 Forecast Trend (2024-2032)
       9.5.4   Feed Acidifiers
           9.5.4.1 Historical Trend (2018-2023)
           9.5.4.2 Forecast Trend (2024-2032)
       9.5.5   Others
   9.6   Asia Pacific Aquafeed Market by Product Form
       9.6.1   Pellets
           9.6.1.1 Historical Trend (2018-2023)
           9.6.1.2 Forecast Trend (2024-2032)
       9.6.2   Extruded
           9.6.2.1 Historical Trend (2018-2023)
           9.6.2.2 Forecast Trend (2024-2032)
       9.6.3   Powdered
           9.6.3.1 Historical Trend (2018-2023)
           9.6.3.2 Forecast Trend (2024-2032)
       9.6.4   Liquid
           9.6.4.1 Historical Trend (2018-2023)
           9.6.4.2 Forecast Trend (2024-2032)
   9.7   Asia Pacific Aquafeed Market by End Use
       9.7.1   Carps
           9.7.1.1 Historical Trend (2018-2023)
           9.7.1.2 Forecast Trend (2024-2032)
       9.7.2   Shrimp
           9.7.2.1 Historical Trend (2018-2023)
           9.7.2.2 Forecast Trend (2024-2032)
       9.7.3   Tilapia
           9.7.3.1 Historical Trend (2018-2023)
           9.7.3.2 Forecast Trend (2024-2032)
       9.7.4   Molluscs
           9.7.4.1 Historical Trend (2018-2023)
           9.7.4.2 Forecast Trend (2024-2032)
       9.7.5   Catfish
           9.7.5.1 Historical Trend (2018-2023)
           9.7.5.2 Forecast Trend (2024-2032)
       9.7.6   Salmon
           9.7.6.1 Historical Trend (2018-2023)
           9.7.6.2 Forecast Trend (2024-2032)
       9.7.7   Lobsters
           9.7.7.1 Historical Trend (2018-2023)
           9.7.7.2 Forecast Trend (2024-2032)
       9.7.8   Others
   9.8   Asia Pacific Aquafeed Market by Country
       9.8.1   China
       9.8.2   Indonesia
       9.8.3   Japan
        9.8.4   Bangladesh
       9.8.5   Thailand
       9.8.6   Vietnam
        9.8.7   India
        9.8.8   Malaysia
       9.8.9   South Korea
       9.8.10   Others
10   Regional Analysis
   10.1   China
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       10.5.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       10.6.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       10.7.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       10.8.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       10.9.2   Forecast Trend (2024-2032)
       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 Company Profiles
       13.2.1   Charoen Pokphand Foods PCL.
           13.2.1.1   Company Overview
           13.2.1.2   Product Portfolio
           13.2.1.3   Demographic Reach and Achievements
           13.2.1.4   Certifications
       13.2.2   BioMar Group
           13.2.2.1   Company Overview
           13.2.2.2   Product Portfolio
           13.2.2.3   Demographic Reach and Achievements
           13.2.2.4   Certifications
       13.2.3   Aller Aqua Group
           13.2.3.1   Company Overview
           13.2.3.2   Product Portfolio
           13.2.3.3   Demographic Reach and Achievements
           13.2.3.4   Certifications
       13.2.4   Ridley Corporation Limited
           13.2.4.1   Company Overview
           13.2.4.2   Product Portfolio
           13.2.4.3   Demographic Reach and Achievements
           13.2.4.4   Certifications
       13.2.5   Cargill, Incorporated
           13.2.5.1   Company Overview
           13.2.5.2   Product Portfolio
           13.2.5.3   Demographic Reach and Achievements
           13.2.5.4   Certifications
       13.2.6   Nutreco N.V.
           13.2.6.1   Company Overview
           13.2.6.2   Product Portfolio
           13.2.6.3   Demographic Reach and Achievements
           13.2.6.4   Certifications
       13.2.7   Others
14   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Aquafeed Market: Key Industry Highlights, 2018 and 2032
2.   Global Aquafeed Historical Market: Breakup by Ingredient (Million Tons), 2018-2023
3.   Global Aquafeed Market Forecast: Breakup by Ingredient (Million Tons), 2024-2032
4.   Global Aquafeed Historical Market: Breakup by Additives (Million Tons), 2018-2023
5.   Global Aquafeed Market Forecast: Breakup by Additives (Million Tons), 2024-2032
6.   Global Aquafeed Historical Market: Breakup by Product Form (Million Tons), 2018-2023
7.   Global Aquafeed Market Forecast: Breakup by Product Form (Million Tons), 2024-2032
8.   Global Aquafeed Historical Market: Breakup by End Use (Million Tons), 2018-2023
9.   Global Aquafeed Market Forecast: Breakup by End Use (Million Tons), 2024-2032
10.   Global Aquafeed Historical Market: Breakup by Region (Million Tons), 2018-2023
11.   Global Aquafeed Market Forecast: Breakup by Region (Million Tons), 2024-2032
12.   Asia Pacific Aquafeed Market: Key Industry Highlights, 2018 and 2032
13.   Asia Pacific Aquafeed Historical Market: Breakup by Ingredient (Million Tons), 2018-2023
14.   Asia Pacific Aquafeed Market Forecast: Breakup by Ingredient (Million Tons), 2024-2032
15.   Asia Pacific Aquafeed Historical Market: Breakup by Additives (Million Tons), 2018-2023
16.   Asia Pacific Aquafeed Market Forecast: Breakup by Additives (Million Tons), 2024-2032
17.   Asia Pacific Aquafeed Historical Market: Breakup by Product Form (Million Tons), 2018-2023
18.   Asia Pacific Aquafeed Market Forecast: Breakup by Product Form (Million Tons), 2024-2032
19.   Asia Pacific Aquafeed Historical Market: Breakup by End Use (Million Tons), 2018-2023
20.   Asia Pacific Aquafeed Market Forecast: Breakup by End Use (Million Tons), 2024-2032
21.   Asia Pacific Aquafeed Historical Market: Breakup by Region (Million Tons), 2018-2023
22.   Asia Pacific Aquafeed Market Forecast: Breakup by Region (Million Tons), 2024-2032
23.   North America Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2023
24.   North America Aquafeed Market Forecast: Breakup by Country (Million Tons), 2024-2032
25.   Europe Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2023
26.   Europe Aquafeed Market Forecast: Breakup by Country (Million Tons), 2024-2032
27.   Asia Pacific Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2023
28.   Asia Pacific Aquafeed Market Forecast: Breakup by Country (Million Tons), 2024-2032
29.   Latin America Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2023
30.   Latin America Aquafeed Market Forecast: Breakup by Country (Million Tons), 2024-2032
31.   Middle East and Africa Aquafeed Historical Market: Breakup by Country (Million Tons), 2018-2023
32.   Middle East and Africa Aquafeed Market Forecast: Breakup by Country (Million Tons), 2024-2032
33.   Asia Pacific Aquafeed Market Structure

Key Questions Answered in the Report

What was the market size in 2023?

The Asia Pacific aquafeed market reached a volume of 40.47 million tons in 2023.

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

The market is projected to grow at a CAGR of 10.7% between 2024 and 2032.

What is the forecast outlook of the Asia Pacific aquafeed market for 2024-2032?

The market is assessed to witness a healthy growth in the forecast period of 2024-2032 to reach about 100.66 million tons by 2032.

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 40.47 million tons in 2023, 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 2024-2032.

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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