Japan Aquafeed Market to Reach 493,246 Tons by 2025, Stimulated by High Consumption of Seafood

April 21, 2020

According to the latest report by IMARC Group, titled “Japan Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the Japan aquafeed market size reached 372,303 Tons in 2019. 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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 493,246 Tons by 2025, expanding at a CAGR of 4.8% during the forecast period (2020-2025).

Market Summary:

  • Based on the end user, the market has been segmented into mollusks (Japanese scallop and Pacific oyster); fishes (yellowtail, red seabream, grater amberjack, bluefin tuna and others); and crustaceans and others. Amongst these, mollusks 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, Feed One Holdings Co., Ltd., Itochu Corporation and Nutreco N.V.

 

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
IMARC Group
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 :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Japan Aquafeed Market to Reach 493,246 Tons by 2025, Stimulated by High Consumption of Seafood
Select Licence Type



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
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

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
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

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
KRISHAK BHARTI CO-OP LTD

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
Stax

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