A new market study, titled “Discover Global Asia-Pacific Aqua Feed Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Asia-Pacific Aqua Feed Market
Asia-Pacific contributes to around 90% of the global aquaculture production. The major producing nations are China, India, Vietnam, Philippines, Japan, etc. China is the major producer of aqua feed and contributes up to 62.3% to the global aquafeed production. Developing countries have an edge overdeveloped country in small and medium scale production which generates mass aquaculture products. Significant technological advancements, plans, and policies are added to the industry for bulk production and increased the number of countries adopting changes in the sector making it into a technologically advanced industry.
The aquafeed production and distribution depend upon the demand for aquaculture. Though feed is the major requirement for the growth of aquaculture, around 30% of total farmed food fish production is practiced without aquafeed. The production of non-fed species has declined gradually due to the changing practices in emerging economies and improved availability of complex aquafeed. In the aquafeed industry, the use of feed additives like enzymes, probiotics etc., for several nutritional and therapeutic benefits has also propelled the markets globally.
The business prospects of aquafeed in Asia-Pacific region are strong and optimistic. China is one of the major countries in world aquaculture system and a leading producer of aquafeed. The major challenge faced by the aquafeed industry is the huge demand of ingredients for its production. The search is on for alternative sources of raw materials. The aquafeed market in Vietnam is well developed. On the other hand, Indonesia has ambitious plans to grow in the industry. Thailand also has a well-established aquaculture industry, with around 160 registered aquafeed manufacturers. Along with established players, the aquafeed are also produced by small-scale feed manufacturers across the region.
China Aquaculture Production, in USD millions, 2001-2014
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Key Players of Global Asia-Pacific Aqua Feed Market =>
The report profiles the following companies, which includes Beneo – Animal Nutrition, Wen’s Group, Biomar A/S, Coppens International Bv, Norel Animal Nutrition, Nutriad International NV, Ewos Group, Hanpel Tech Co. Ltd., Aller Aqua A/S., and Ewos Group.
Asia Pacific Aqua Feed Market
China is the largest aquaculture market and is also a major producer of aquafeed accounting for 45% – 50% of the world’s production annually. The aquafeed industry in China is driven by the expanding aquaculture and increased demand for seafood. The major challenge to the aquafeed industry is the shortage of protein resources. Most of the fish meal, soybean meal and fish oil used in aquafeed is imported. The huge demand-supply gap for aquafeed has led to the degradation of the quality of feeds and the improper usage of additives and overdosing of trace elements. Extensive research is being conducted to develop alternative cheap protein sources, with focus on plant proteins such as soybean meal, peanut meal, cottonseed meal, corn gluten meal, the replacement for antibiotics and chemicals in the feed with safer material and innovative, environmentally safe feeds. The goal of aquafeed industry is to increase nutrient utilization and minimize pollution.
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
The Asia-Pacific Aqua Feed market is segmented based on species types such as Fish, Crustaceans, Mollusks, and Others. By Ingredients type, the market is segmented into Cereals, Oilseed Meals, Supplements, Molasses, Oil, and Others. Based on Additives, the market is segmented into Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, and Others. Geographically, the Asia-Pacific Aqua Feed market is segmented into China, India, Japan, Australia, and Rest of Asia-Pacific.
Why purchase the report?
Visualize the composition of the Asia-Pacific Aqua Feed market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
Identify commercial opportunities in Asia-Pacific Aqua Feed by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Asia-Pacific Aqua Feed market – level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the key Asia-Pacific Aqua Feed products of all major market players.
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