Asia Pacific Aquatic Feed Market

Asia Pacific Aquatic Feed Market Size (2024 to 2029)

The Asia Pacific aquatic feed market size is expected to reach USD 99.91 billion in 2024 and reach USD 161.05 billion by 2029, growing at a CAGR of 10.2% from 2024 to 2029.

A major important part of running successful commercial aquaculture is the selection of the right manufactured feeds that provide the balanced nutrition required by fish. The feed may be either granular or in the form of pellets and are essential in providing the fish with a balanced diet within their enclosures where their natural food sources may be absent.

Wheat is being used as a major ingredient in all aquatic feed due to its binding property for holding the pellets together. As for the carnivorous species of fish such as salmon, trout, and turbot, fishmeal and fish oil are the major components used to make the feed. Other key ingredients in fish feed include vegetable proteins, vitamins, minerals, and cereal grains. Trash fish is also considered as fish feed, wherein fish that is caught is fed directly to larger species that grow in aquatic pens.

The major factors affecting the Aquatic Feed market include the rising populations, the rise in income leading to increased demand for seafood, the rapid urbanization and a strong expansion of the seafood production industry aided by technological advancements making for better distribution and storage. The market is also bolstered by the rise in demand for natural health supplements, of which omega-3 fatty acids derived from certain species of fish are a major component. The soaring prices of materials needed for aquatic feed production are one of the restraints of the market, along with the fact that the industry is profitable only with large-scale production.

This research report on the Asia Pacific aquatic feed market is segmented and sub-segmented into the following categories.

Asia Pacific Aquatic Feed Market Analysis By Ingredient

• Soybean

• Corn

• Fish Meal

• Fish Oil

• Additives

• Others

Asia Pacific Aquatic Feed Market Analysis By Additive Type

• Antibiotics

• Vitamins

• Antioxidants

• Amino Acids

• Feed Enzymes

• Feed Acidifiers

• Other Additives

Asia Pacific Aquatic Feed Market Analysis By End-User

• Fish Feed

• Tilapia

• Salmon

• Carp

• Catfish Feed

Asia Pacific Aquatic Feed Market Analysis By Molluscs

• Oyster Feed

• Mussel Feed

Asia Pacific Aquatic Feed Market Analysis By Crustaceans

• Shrimp Feed

• Crab Feed

• Others

COUNTRY ANALYSIS

• India

• China

• Japan

• South Korea

• Australia

• New Zealand

• Thailand

• Malaysia

• Vietnam

• Philippines

• Indonesia

• Singapore

• Rest of APAC

The Aquatic Feed Market is dominated by Asia Pacific in 2016 with the region accounting for almost 60% of the overall market share. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. The rapid growth of the region can be attributed to the developing stature of countries such as India and China.

KEY PLAYERS IN THE ASIA PACIFIC AQUATIC FEED MARKET ANALYSIS

The Aquatic Feed market is highly competitive with a large number of players. Key market players dominating the market with their products are Cargill Inc, BioMar group, Waterbase Ltd, BASF SE, Alltech Inc, Coppen International, Evonik Industries, Archer Daniels Midland Company, Ridley Corporation, Nutreco NV, Avanti Feeds Ltd, and Ewos.