Asia-Pacific Shrimp Feed Market - 2025-2033

Asia-Pacific shrimp feed market reached US$ 4,672.78 million in 2024 and is expected to reach US$ 7,374.29 million by 2032, growing with a CAGR of 5.9% during the forecast period 2025-2032.

The Asia-Pacific shrimp feed market is experiencing robust growth, driven by increasing demand for seafood, especially shrimp, due to rising health awareness and protein consumption. Countries like China, India, Vietnam, Thailand, and Indonesia are leading shrimp producers, boosting feed demand. Technological advancements in feed formulation, including probiotics and functional ingredients, are enhancing shrimp health and growth.

Moreover, global expansion by companies through new production facilities in the Asia-Pacific region is driving the region's significant share in the Asia-Pacific shrimp feed market. For instance, in March 2024, De Heus, the Dutch animal feed giant, opened a new shrimp feed mill in Vietnam's Vinh Long province. The 29,300-square-meter facility boasts an annual capacity of 50,000 metric tons and features five production lines dedicated solely to shrimp feed products. This type of expansion helps the ever-increasing shrimp farming industry in the region, where aquaculture is experiencing rapid growth and meets the rising demand for resources in the booming sector.

Shrimp Feed Market Trend

Sustainability and eco-friendly feeds present a significant opportunity for the Asia-Pacific shrimp feed market as environmental concerns become a key focus in aquaculture. With increasing consumer demand for responsibly sourced and environmentally friendly products, shrimp feed manufacturers are under pressure to develop feeds that minimize their ecological footprint.

For instance, at the Asian-Pacific Aquaculture 2024 event, Regal Springs Indonesia showcased its commitment to sustainable and innovative practices in aquaculture. The company emphasized its efforts in sustainable tilapia farming and collaboration with academic institutions to promote sustainable aquaculture practices.

Dynamics

Rising Demand for Seafood and Protein-Rich Diets

The rising demand for seafood, particularly shrimp, and protein-rich diets is a major catalyst driving the Asia-Pacific shrimp feed market. With increasing health awareness and a shift toward lean protein sources, consumers across the region are turning to seafood for its nutritional benefits, including high-quality protein, omega-3 fatty acids, and essential micronutrients. Urbanization and rising disposable incomes are further accelerating this dietary shift, particularly in emerging economies like India, Vietnam, and Indonesia.

According to the FAO, global consumption of aquatic animal foods reached 162.5 million tonnes in 2021, with per capita intake rising to 20.7 kg in 2022. Asia led this growth, consuming 116.1 million tonnes with a significantly higher per capita rate of 24.7 kg. Aquatic foods are vital for nutrition, supplying over 20% of animal protein intake for 3.2 billion people. As demand for shrimp surges in both domestic and international markets, aquaculture production is scaling up rapidly to meet consumption needs. This expansion directly translates into higher demand for specialized, high-performance shrimp feed.

High Cost and Supply Chain Variability of Cholesterol

The high cost and supply chain variability of cholesterol present significant challenges for the shrimp feed market. Cholesterol is essential for shrimp growth, immune function, and overall health, but its sourcing complexities lead to price fluctuations and inconsistent availability. This creates barriers for feed producers, particularly in cost-sensitive markets.

Supply chain disruptions also contribute to cholesterol’s variability. Factors such as overfishing regulations, climate change, and geopolitical instability can affect fishmeal availability, leading to inconsistent cholesterol supply. This forces feed manufacturers to seek alternatives, which may not provide the same nutritional benefits for shrimp.

High cholesterol costs and supply issues can limit shrimp feed manufacturers' ability to develop cost-effective, high-performance feeds. Smaller producers, in particular, may struggle to absorb rising costs or secure stable supply contracts. This can impact overall industry competitiveness and profitability.

Segment Analysis

The Asia-Pacific shrimp feed market is segmented based on type, shrimp, form, ingredient, additives, functionality, and country.

Pellets Hold a Significant Share in the Asia-Pacific Shrimp Feed Market Due to Enhanced Water Stability and Improved Feed Conversion

Pellets hold a significant share in the market as the most widely used form, preferred for their stability in water, ease of storage, and efficient nutrient delivery. They are widely used across both small- and large-scale shrimp farms because of their easy storage, handling, and consistent quality, making them the preferred choice among shrimp farmers. Companies are investing in advanced machinery and formulations, like micro-pellet systems, to meet the specific nutritional and behavioral needs of shrimp across different growth stages.

For instance, in January 2021, FAMSUN, a China-based company, launched a state-of-the-art shrimp feed pelleting line in response to growing micro-pellet demand. The new line, featuring the MYTZ1200X conditioner, SZLH650×175X pellet mill, SWDB24×24B stabilizer, and SLNF22×22A cooler, is designed to enhance pellet quality and production efficiency, tailored to shrimp feeding behavior. As one of China’s largest micro-pellet production lines, it has boosted output from 3–4 t/h to 5–6 t/h for 1.0 mm pellets since May 2020.

Country Penetration

China’s Dominance in the Shrimp Feed Market Driven by Production, Growth, and Innovation

China holds a significant share of the Asia-Pacific shrimp feed market due to its dominant role in shrimp farming. The region’s favorable climate and extensive coastal areas provide ideal conditions for large-scale shrimp production. With rising demand for high-quality shrimp and increasing awareness about sustainable farming practices, the need for specialized shrimp feed is growing.

According to the USDA, China is the world's largest producer of aquaculture shrimp, specifically Penaeus vannamei, with production reaching nearly 2 million metric tonnes (MMT) in 2021, an increase from 1.9 MMT in 2020. This growth reflects China's leading role in the global shrimp aquaculture industry. With the increasing adoption of aquaculture practices in the region, the need for specialized shrimp feeds that promote growth, health, and disease resistance has escalated.

Regulatory Analysis

The Asia-Pacific shrimp feed market is shaped by a variety of regulatory measures aimed at ensuring sustainable practices and food safety. Governments in countries like India and Indonesia have introduced programs to support shrimp farming, while environmental regulations are in place to prevent damage to ecosystems, such as mangrove forests. Countries like India and Indonesia have launched programs such as the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and set ambitious production targets to boost shrimp farming.

China’s General Administration of Customs (GACC) requires that all seafood importers, including shrimp, be registered and listed on its approved importers list. As of June 15, 2019, importers must obtain third-party certification of compliance with Chinese safety and regulatory standards. Processors exporting to China must be approved establishments under the NOAA Seafood Inspection Program.

Organizations like the Network of Aquaculture Centres in Asia-Pacific (NACA) facilitate collaboration among member countries to harmonize standards and share best practices. Countries such as Singapore and Thailand have established rigorous inspection systems, including random sampling and microbiological testing, to maintain product safety.

Competitive Landscape

The major players in the market include BASF SE, Charoen Pokphand Foods PCL, BioMar Group, Cargill, Inc., Grobest, dsm-firmenich, Alltech Inc., Inve Aquaculture, Ridley Corporation, Skretting, and others.

Key Developments
• In June 2023, Charoen Pokphand Foods (CPF), a Thailand-based company, introduced Turbo Rocket and Turbo Kong. These premium seed-stage feeds are designed to enhance early-stage shrimp growth and survival rates, catering to the critical initial phase of shrimp farming.

Why Choose DataM?
• Data-Driven Insights: Dive into detailed analyses with granular insights such as pricing, market shares and value chain evaluations, enriched by interviews with industry leaders and disruptors.
• Post-Purchase Support and Expert Analyst Consultations: As a valued client, gain direct access to our expert analysts for personalized advice and strategic guidance, tailored to your specific needs and challenges.
• White Papers and Case Studies: Benefit quarterly from our in-depth studies related to your purchased titles, tailored to refine your operational and marketing strategies for maximum impact.
• Annual Updates on Purchased Reports: As an existing customer, enjoy the privilege of annual updates to your reports, ensuring you stay abreast of the latest market insights and technological advancements. Terms and conditions apply.
• Specialized Focus on Emerging Markets: DataM differentiates itself by delivering in-depth, specialized insights specifically for emerging markets, rather than offering generalized geographic overviews. This approach equips our clients with a nuanced understanding and actionable intelligence that are essential for navigating and succeeding in high-growth regions.
• Value of DataM Reports: Our reports offer specialized insights tailored to the latest trends and specific business inquiries. This personalized approach provides a deeper, strategic perspective, ensuring you receive the precise information necessary to make informed decisions. These insights complement and go beyond what is typically available in generic databases.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies