Asia Pacific Aquafeed Market Report and Forecast 2025-2034

The Asia Pacific aquafeed market size reached a volume of 40.47 Million Tons in 2024 . The market is expected to grow at a CAGR of 10.70% in the forecast period of 2025-2034, to reach a volume of around 111.84 Million Tons by 2034 .

The Asia Pacific aquafeed market is supported by the presence of a large population and growing consumption of seafood. The region currently holds the highest share in the global aquaculture production. Seafood is one of the most popular food items and plays a significant role in the dietary habits in several countries such as China, Thailand, Vietnam, Indonesia, Malaysia, South Korea, and Japan.

The carps segment represents the most popular end-user in the global aquafeed market. Further pellets account for a significant industry share globally owing to its ease of use.

Market Segmentation

Aquafeed refers to the compounded meals that are prepared to feed different marine species by mixing various raw materials and additives. Such blends are formulated and supplied in compliance with the species' particular requirements and age. Aquafeed plays a vital role in giving the aquatic species normal growth and health. It also helps reduce the effects of stress, enhancing disease tolerance power, and improve immunity.

On the basis of end-use, the Asia Pacific aquafeed market has been segmented into:

• Carps
• Shrimp
• Tilapia
• Molluscs
• Catfish
• Salmon
• Lobsters
• Others

On the basis of ingredients, the industry is categorised into:

• Soybean
• Fish Meal
• Corn
• Fish Oil
• Additives
• Others

Based on additives, the aquafeed market has been segmented into:

• Amino Acids
• Antibiotics
• Vitamins
• Feed Acidifiers
• Others

On the basis of product form, the industry is categorised into:

• Pellets
• Extruded
• Powdered
• Liquid

On the basis of region, the industry is categorised into:

• China
• Indonesia
• Japan
• Bangladesh
• Thailand
• Vietnam
• India
• Malaysia
• South Korea
• Others

Market Analysis

The growing population and rising health concern among consumers in the Asia Pacific are driving the demand for aquafeed. The growing consumption of seafood is supporting the growth of the Asia Pacific aquafeed market. The growing consumer knowledge regarding the benefits of these additives, coupled with the outbreak of various diseases, is generating the need for additives in poultry, aqua, and other animal-based products, which in turn, is boosting the product demand worldwide. Thus, the demand for seafood in the region is catalysed by both domestic consumption and exports, which is aiding the growth of aquafeed industry in the Asia Pacific.

Within the Asia Pacific, the growing consumer inclination towards protein-rich diet, along with factors like rising disposable incomes and changing lifestyle patterns, is leading to increased demand for seafood. The various government programmes to enhance the supply of certified sustainable seafood will further drive the demand for aquafeed in the region. Moreover, key market players are increasingly investing in R&D activities to deliver improved products, which is expected to accelerate the demand for aquafeed. The market players are also focusing on improving their product lines, which is expected to aid the Asia Pacific aquafeed market over the forecast period.

Competitive Landscape

The report gives a detailed analysis of the following key players in the Asia Pacific aquafeed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Charoen Pokphand Foods PCL.
• BioMar Group
• Aller Aqua Group
• Ridley Corporation Limited
• Cargill, Incorporated
• Nutreco N.V.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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