China Aqua Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Aqua Feed Market Analysis
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.
China Aqua Feed Market Trends
This section covers the major market trends shaping the China Aqua Feed Market according to our research experts:
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.
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 Industry Overview
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.
China Aqua Feed Market Leaders
Cargill, Incorporated.
Nutreco N.V.
Biomin
BioMar Group
Aller Aqua
*Disclaimer: Major Players sorted in no particular order
China Aqua Feed Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Animal Type
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5.1.1 Fish
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5.1.1.1 Carp
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5.1.1.2 Tilapia
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5.1.1.3 Salmon
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5.1.1.4 Catfish
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5.1.1.5 Other Fish Species
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5.1.2 Crustaceans
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5.1.3 Mollusks
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5.1.4 Trout
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5.1.5 Other Animal Types
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Biomin
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6.3.2 Cargill Inc.
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6.3.3 BioMar Gropu
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6.3.4 Alltech Inc.
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6.3.5 Archer Daniels Midland Co.
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6.3.6 Nutreco NV
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6.3.7 Aller Aqua
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6.3.8 Hanpel Tech Co. Ltd.
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6.3.9 BASF SE
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6.3.10 Wellhope Agri-Tech Co. Ltd.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
China Aqua Feed Industry Segmentation
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 | |||||||
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| Crustaceans | |||||||
| Mollusks | |||||||
| Trout | |||||||
| Other Animal Types |
China Aqua Feed Market Research FAQs
What is the current China Aqua Feed Market size?
The China Aqua Feed Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
Who are the key players in China Aqua Feed Market?
Cargill, Incorporated., Nutreco N.V., Biomin, BioMar Group and Aller Aqua are the major companies operating in the China Aqua Feed Market.
What years does this China Aqua Feed Market cover?
The report covers the China Aqua Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Aqua Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Aqua Feed Industry Report
Statistics for the 2024 China Aqua Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Aqua Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
