Asia-Pacific Aquafeed Market Trends and Forecast To 2024
Asia-Pacific Aquafeed Market was worth $33.14 billion in 2019 and estimated to be growing at a CAGR of 12.50%, to reach $59.71 billion by 2024.
Aquafeeds are compounded meals arranged for aquatic animals by combining several raw materials and additives. These blends are prepared according to the specific requirements of the species and age of the animal.
Aquafeed has become vital to the aquaculture industry due to its nutritional, immune resistant, and growth encouraging properties. High-quality aquafeed is exponentially more valuable to fish, mollusks, crustaceans & other aquatic animals than farm-made feed due to their well-adjusted and need specific composition.
The growth of the Asia-Pacific Aquafeed market is mainly due to the increase in fish consumption, growing population, increase in mass production of fish, and limited availability of marine feed resources. Volatile economies and increasing costs of raw materials are the key factors obstructing the growth of the market in this region.
Market Segmentation :
The Asia-Pacific Aquafeed market is segmented based on End-Use and Additives. On the basis of End Use, the global Aquafeed 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. Crustaceans is further sub-segmented into Oyster, Mussel, and others. On the basis of Additives, the global Aquafeed market is segmented into Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders.
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. This region offers substantial opportunities for the Aquafeed market, with China and India being the most populous countries in this region contributing to the increasing demand. China dominates the market with a share of more than 60%. Other key markets in this region are Vietnam, Thailand, Japan, and Indonesia.
Major Key Players :
Some of the major companies dominating the market in this region are Cargill, Inc., Nutreco N.V., Alltech Inc., AllerAqua A/S, Beneo GmbH, Biomar A/S, Charoen Pokphand Foods Public Company Limited, and Coppens International B.V.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By End Use
5.1.1 Fish
5.1.1.1 Carp
5.1.1.2 Salmon
5.1.1.3 Tilapia
5.1.1.4 Catfish
5.1.1.5 Others
5.1.2 Mollusks
5.1.2.1 Oyster
5.1.2.2 Mussel
5.1.2.3 Others
5.1.3 Crustaceans
5.1.3.1 Shrimp
5.1.3.2 Crab
5.1.3.3 Others
5.2 By Additives
5.2.1 Vitamins
5.2.2 Minerals
5.2.3 Antioxidants
5.2.4 Amino Acids
5.2.5 Enzymes
5.2.6 Acidifiers
5.2.7 Binders
6. Geographical Analysis
6.3 Asia-Pacific
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Cargill Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Nutreco N.V.
8.3 Alltech Inc.
8.4 AllerAqua A/S
8.5 Beneo GmbH
8.6 Biomar A/S
8.7 Charoen Pokphand Foods
8.8 Coppens International B.V.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
