China Aqua Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

China aqua feed market is segmented by animal type into fish, crustaceans, mollusks, trout, and other animal types. This report presents an in-depth analysis of the aqua feed market in China along with future opportunities.

Market Snapshot

Market Snapshot
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 3.8 %

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Market Overview

The China aqua feed market is estimated to register a CAGR of 3.8% during the forecast period (2020 - 2025). Aquaculture is one of the fastest growing segment in the Chinese feed industry. In the year 2018, due to the annual coastal fishing ban in China, there has been an expansion in aquaculture and mariculture, leading to growth in aqua feed demand. Despite an increase in the global production of aquaculture feed, China reported a decline of around 5% in the production of aquaculture feed in the year 2017 and 2016, primarily due to government regulations on food safety and feeding practices.

Scope of the report

China is one of the largest producers of aqua feed in the world. The report presents a detailed analysis of the aqua feed market in China. The market is segmented by animal type into fish, crustaceans, mollusks, trout, and other animal types and by fish species into carp, tilapia, salmon, catfish, and other fish species,

Animal Type
Fish
Carp
Tilapia
Salmon
Catfish
Other Fish Species
Crustaceans
Mollusks
Trout
Other Animal Types

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Key Market Trends

Growing Aquaculture Production Drives the Market

The aquaculture industry in China is very well developed and has been continuously growing. The market value of china aquaculture was recorded as USD 135 billion in 2016, rising to 140 billion in 2017. The country had 7.2 million hectares in aquaculture in 2018, of which 5.14 million was in fresh-water and 2.04 million hectares in sea-water. Chinese aquaculture is estimated to grow at 4.4% over the next 4 years, boosting the aquafeed market.

China Aqua Feed Market: Aquaculture Production Value, China, 2015 - 2017

Carp Fish Feed Dominates the Market

Carp fish feed accounted for 62% of China aqua feed market value. Carp is the most popular cultured fish in China, with grass carp being the most popular species of carp. Fifty percent of the fishes cultured in China are Carp fishes. The production of carp in the country is driven by the fact that the fish has low production costs and is tolerant of most climatic and environmental factors. Carp are bony fish and Over the years, Chinese people have developed a preference for bony fish.

China Aqua feed Market: Revenue Share in %, By Type, China, 2018

Competitive Landscape

The china aquafeed market is consolidated with few players holding a major share of the market. Nutreco, Cargill, Biomar Group, Alltech, and Aller Aqua group are some of the major players who are operating in this region. New product launches, partnerships, and expansions are some of the major strategies adopted by these players to strengthen their position in the market.

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 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Animal Type

      1. 5.1.1 Fish

        1. 5.1.1.1 Carp

        2. 5.1.1.2 Tilapia

        3. 5.1.1.3 Salmon

        4. 5.1.1.4 Catfish

        5. 5.1.1.5 Other Fish Species

      2. 5.1.2 Crustaceans

      3. 5.1.3 Mollusks

      4. 5.1.4 Trout

      5. 5.1.5 Other Animal Types

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Biomin

      2. 6.3.2 Cargill Inc.

      3. 6.3.3 BioMar Gropu

      4. 6.3.4 Alltech Inc.

      5. 6.3.5 Archer Daniels Midland Co.

      6. 6.3.6 Nutreco NV

      7. 6.3.7 Aller Aqua

      8. 6.3.8 Hanpel Tech Co. Ltd.

      9. 6.3.9 BASF SE

      10. 6.3.10 Wellhope Agri-Tech Co. Ltd.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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Frequently Asked Questions

The China Aqua Feed Market market is studied from 2016 - 2026.

The China Aqua Feed Market is growing at a CAGR of 3.8% over the next 5 years.

Cargill, Incorporated., Nutreco N.V., Biomin, BioMar Group, Aller Aqua are the major companies operating in China Aqua Feed Market.

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