Japan Aquafeed Market to Reach 6.3 Million Tons by 2032, Stimulated by High Consumption of Seafood

April 21, 2020 | Food & Beverages

According to the latest report by IMARC Group, titled “Japan Aquafeed Market Report by End-User (Molluscs, Fishes, Crustaceans and Others), Ingredient (Soybean, Fish Meal, Wheat Flour and Wheat Products, Rice Products, Corn, Additives, and Others), Product Form (Pellets, Extruded, Powdered, Liquid) 2024-2032,” the Japan aquafeed market size reached 3.4 Million Tons in 2023. Aquafeed is commercially prepared for providing balanced nutrition to farmed fishes and other aquatic animals. It is made using plants, fish oil, fish meal, marine animals, grain products, vegetable protein and terrestrial-based live feeds. It is generally available in the form of pellets, extruded bits or granules, and is a rich source of proteins, carbohydrates, vitamins, minerals, lipids and fats, and fiber. As these nutrients help aquatic animals in growing to their full potential, aquafeed is extensively utilized by aquafarmers in Japan to improve farm yields.

Japan Aquafeed Market Trends:

Japan has the highest average lifespan for both men and women, which can be accredited to the traditional Japanese diet that includes a large portion of seafood. This, in confluence with the increasing awareness among individuals about the health benefits of consuming seafood as compared to animal meat, is strengthening the aquafeed market in the country. Apart from this, the Government of Japan is undertaking initiatives to boost aquaculture output. For instance, it recently launched a ‘Fast Fish’ campaign to support the modernization of the fishing sector and increase the production of certified sustainable seafood in the country. Some of the other factors that are projected to fuel the market growth are rising fish mass production, increasing intensive farming, and improving stock and feed densities and feed management practices. Looking forward, the market volume is projected to reach 6.3 Million Tons by 2032, expanding at a CAGR of 7.1% during the forecast period (2024-2032).

Market Summary:

  • Based on the end user, the market has been segmented into molluscs (Japanese scallop and Pacific oyster); fishes (yellowtail, red seabream, grater amberjack, bluefin tuna and others); and crustaceans and others. Amongst these, fishes exhibit a clear dominance in the market.
  • On the basis of the ingredient, the market has been segregated into soybean; fish meal; wheat flour and wheat products; rice products; corn; additives (vitamins and minerals, amino acids, feed acidifiers, antibiotics, and others); and others. At present, soybean accounts for the majority of the total market share.
  • The market has been analyzed on the basis of the product form into pellets, extruded, powdered and liquid, wherein pellets hold the largest market share.
  • The competitive landscape of the market has been examined, with some of the key players being Marubeni Nisshin Feed Co. Ltd., Nosan Corporation (Mitsubishi Corporation) and Skretting (Nutreco N.V.).

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons
Scope of the Report
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • End-User
  • Ingredient
  • Product Form
End-Users Covered Molluscs: Japanese Scallop, Pacific Oyster
Fishes: Yellowtail, Red Seabream, Grater Amberjack, Bluefin Tuna, Others
Crustaceans and Others
Ingredients Covered Soybean, Fish Meal, Wheat Flour and Wheat Products, Rice Products, Corn,
Additives: Vitamins & Minerals, Amino Acids, Feed Acidifiers, Antibiotics, Others,
 Product Forms Covered Pellets, Extruded, Powdered, Liquid
Companies Covered Marubeni Nisshin Feed Co. Ltd., Nosan Corporation (Mitsubishi Corporation) and Skretting (Nutreco N.V.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St Ste R
Sheridan, WY 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 |
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Japan Aquafeed Market to Reach 6.3 Million Tons by 2032, Stimulated by High Consumption of Seafood
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More