Asia Pacific Aqua Feed Market - Growth, Trends and Forecasts (2019 - 2024)

Asia Pacific Aquafeed Market is segmented by fish type into shrimp, yellow catfish, snakehead, seabass, Pomfret, flounder, herring and eel, and by geography into China, Vietnam, Japan, India, and Indonesia.

Market Snapshot

Market Snapshot 1
Study Period:

2015-2024

Base Year:

2018

Key Players:

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Market Overview

The Asia-Pacific Aquafeed Market is projected to grow at a CAGR of 15.5% during the forecast period (2019-2024). Increased consumption of fish is the major driver behind the growth of the Asia-Pacific Aquafeed market. The growth in the aquaculture industry, the changing demographics in Asia-Pacific and South America and the rising demand for processed fish are the other factors that are augmenting the growth of the market studied.

Scope of the Report

The aquafeed concentrates, fish oil, and fish meal; vegetable sources, like corn, maize, etc.; cassava roots, silkworm remains, along with manufactured sinking and low-quality feed pellets have been defined as aqua feed. The market under study includes backyard farming and commercial aquaculture farms. The companies in the Asian aqua feed market operate in the B2C and B2B formats. The market sizing has been done at the consumer level. Several competitor profiles are analyzed to understand all the aspects of the market and make accurate decisions in terms of market sizing and/or forecasting. The report provides an in-depth analysis of various parameters of the Asian aqua feed market.

Fish Type
Shrimp
Yellow Catfish
Snakehead
Seabass
Pomfret
Flounder
Herring
Eel
Geography
Asia Pacific
China
Vietnam
Japan
India
Indonesia

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Key Market Trends

The Shrimp Market in India

According to the National Fisheries Development Board, India ranked second after China, accounting for 6.3% share of the global aquaculture production. The biodiversity of fish in the Indian subcontinent and high demand for Indian shrimp in the global market has driven the aquaculture production in the country. The shrimp farming in India is fully dependent on the formulated feeds. With the rise in shrimp farming, due to the increased exports and international demand for Indian shrimp, the demand for shrimp feed in the country is increasing. Around 80% of the market is controlled by the major players, like Avanti Feeds, CP Group, etc.

Market Trends 1

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China dominates the market

China dominates the aquaculture industry in the world, with its massive production and consumption of low trophic-level carp species and its rapidly rising output and exports of tilapia. With the development of aquaculture in the country, the Chinese feed industry has faced some challenges, such as low popularity of formulated feed among small-scale farmers and high demand for trash fish as feed input, water pollution, use of trash fish provision of accurate nutrition and feeding, antibiotic residues, and fish meal and fish oil issues, among others. In order to address the aforementioned issues in the feed industry, the Chinese government released some policy changes related to aquaculture in its 13th Five-year plan. The government has been actively working to control feed quality, with investments in research programs to support nutrition and feed studies and issued a series of standards to control quality with respect to nutrition and safety and to support the modern feed industry.

Market Trends 2

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Competitive Landscape

The Asia-Pacific aquafeed market is highly fragmented, with a large number of local and international players accounting for about 50% of the share. These major players are investing in new products and improvisation of products, expansions, and acquisitions for business expansions. Another major area of investment is the focus on R&D, in order to launch new products at cheaper prices.

Major Players

  1. Biomar A/S
  2. Alltech Coppens BV
  3. Aller Aqua A/S
  4. Cargill Incorporated
  5. Chareon Popkhand Foods PCL

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Fish Type

      1. 5.1.1 Shrimp

      2. 5.1.2 Yellow Catfish

      3. 5.1.3 Snakehead

      4. 5.1.4 Seabass

      5. 5.1.5 Pomfret

      6. 5.1.6 Flounder

      7. 5.1.7 Herring

      8. 5.1.8 Eel

    2. 5.2 Geography

      1. 5.2.1 Asia Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 Vietnam

        3. 5.2.1.3 Japan

        4. 5.2.1.4 India

        5. 5.2.1.5 Indonesia

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Biomar A/S

      2. 6.3.2 Coppens International Bv

      3. 6.3.3 Aller Aqua A/S

      4. 6.3.4 Cargill Incorporated

      5. 6.3.5 Chareon Popkhand Foods PCL

      6. 6.3.6 Wen’s Group

      7. 6.3.7 Zheng DA International Group

      8. 6.3.8 Beneo – Animal Nutrition

      9. 6.3.9 Ewos Group

      10. 6.3.10 Geelen Counterflow

      11. 6.3.11 Nutriad International NV

      12. 6.3.12 Norel Animal Nutrition

      13. 6.3.13 Ridley Corporation

      14. 6.3.14 Hanpel Tech Co. Ltd.

      15. 6.3.15 New Hope Group

      16. 6.3.16 Nutreco NV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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