Asia Pacific Aqua Feed Market- Size, Outlook, Trends and Forecast (2024

Asia Pacific Aqua Feed Market- Size, Outlook, Trends and Forecast (2024 - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

The Asia Pacific is one of the leading consumers of Aqua Feed, and Aqua Feed additives and Over half of food fish we eat is from aquaculture, still a far cry from our other staples and meats that are overwhelming of a farmed origin. Aquaculture is expected to meet the increasing demand for food fish in the future. Global aquaculture is predominated in the Asia-Pacific region, accounting for over 90 percent of the total production, Aqua feed is essential for aquaculture sector due to its growth-promoting properties, immune resistant and nutritional benefits The Asia Pacific Aqua Feed additives market is driven by various factors such as growth in aquaculture industry, increased consumption of fish and seafood, flexibility in use of secondary raw materials, and increasing income of expanding middle class in developing nations. The main obstacles to the growth of the Asia Pacific Aqua Feed additives market are the rising cost of raw materials and strict regulatory structure. Another reason is the high cost of complex Aqua Feed.

Asia Pacific Aqua Feed Market size and growth:

In this report, the Asia-Pacific Aqua Feed market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. The Asia Pacific Aqua Feed Market report defines and segments the aquafeed market in the Asia Pacific with analysis and forecast of revenue. The Asia-Pacific region contributes to over 90% of the global aquafeed production. Seafood forms the backbone of the East Asian cuisine, mainly the Japanese, Philippines and Korean cuisines. Hence, the domestic market for aquafeed is also the largest. The Aquafeed market in the Asia-Pacific has been accounted for US$XX Million and is expected to grow to US$XX Million by 2022, at a CAGR of XX% during the forecast period. Growth had been increased enormously because of the support by the government. Seafood is the preferred meat type in the Asia-Pacific countries such as China, Indonesia, and

Asia Pacific Aqua Feed Market- Size, Outlook, Trends and Forecast (2024 - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the Philippines. The expanding middle-class population in developing nations and their increasing income are expected to maintain this growth of the aquaculture industry in the long term. A variety of fish, prawns, lobsters, and crabs are abundantly available in these countries and form an integral part of the diet as they are a vital source of high-quality protein and contain many vitamins and minerals. Fish contain omega-3 fatty acids, which are heart-friendly and helps in brain development and reproduction.

Asia Pacific Aqua Feed Market Share:

The Asia Pacific Aqua Feed market is segmented based on End-Use and Additives. By End Use, the global Aqua Feed market is segmented into Fish, Mollusks, and Crustaceans. Fish is further sub-segmented into Carp, Salmon, Tilapia, Catfish, and others. Mollusks is further sub-segmented into Shrimp, Crab, and others

By Additives, the global Aqua Feed market is segmented into Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders. Amino acids are an essential component of Aqua Feed with a market share of almost 21% in the total of Aqua Feed market in 2018.

By the end user, the market is bifurcated into fishes and crustaceans. Regarding function, health, digestibility, portability, and specialised nutrition are considered the critical segments of this market. Concerning Additives Market, Antibiotics in aquaculture market size is poised to exceed USD 280 million by 2024. It mainly depends on fish farming practices, government norms and regulations. Usage of antibiotics mainly enhance productivity, prevent disease, and also maximise efficiency. This plays a Strong key role in spending for drug resistance product in fish, prawns, and shrimps along with stringent screening programs to restrict product usage may fuel product demand.

By ingredients, Fish meal and fish oil are the key ingredients used for the production process of aquaculture feed. Approximately, 35% of the total fish meal production is mainly obtained from fish by-products. The rise in fish meal production will expand aquaculture production due to improved efficiency. Peru is the largest producer of fish meal and accounts for over 15%

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Asia Pacific Aqua Feed Market- Size, Outlook, Trends and Forecast (2024 - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

of the overall fishmeal production. Which helps to fill all ingredients that need to be required.

Regarding geography, The Asia Pacific market has been segmented into Germany, U.K, France, Spain, and Italy. It has about a market share of 24% and is just trailing behind Asia-Pacific region. It is one of the top consumers of aqua feed and aqua feed additives and has strengthened exponentially in the last few years, and a comparable trend is anticipated to continue in the next ten years. The Asia Pacific is expected to witness significant market share due to rising income levels of middle-class people, growing fish consumption due to high protein diets are some of the factors favouring towards the growth of Aquafeed in the Asia Pacific region.

Asia Pacific Aqua Feed Market Trends:

February 2018, U.S. consumers want protein raised with the same natural health supplements humans use Cargill survey indicates the popularity of natural supplements to aid digestive health, fishes well being.

April 2017, new oxygen technology hits the trend in fish and molluscs end-use segments dominated the aquafeed market and resulting in that fish feed was consumed by craps and salmon collectively in 2017.

Asia Pacific Aqua Feed Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and the Asia Pacific diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Zheng DA International Group
Charoen Pokphand
Beneo Animal Nutrition

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