China Aquafeed Market Size, Share, Price Trends, Demand, and Research Report
China Aquafeed Market Report by Species (Carps, Catfish, Tilapia, Shrimp, and Others), Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, and Others), Additive (Vitamins and Minerals, Amino Acids, Antibiotics, Feed Acidifiers, and Others), Product Form (Pellets, Extruded, Powdered, Liquid), and Province 2024-2032
The China aquafeed market size reached 16.9 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 30.6 Million Tons by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2024-2032.
Market Size in 2023
16.9 Million Tons
Market Forecast in 2032
30.6 Million Tons
Market Growth Rate 2024-2032
The feeds are compounded meals available in various forms which provide nutrition in a stable and concentrated form, enabling the aquatic animals to grow efficiently and to their full potential. These blends are prepared and provided to the aquatic animals according to the specific requisite of the species and their age. Aquafeed plays a major role in providing normal growth and health of the aquatic animals.
China is currently the leading producer, consumer and exporter of aquafeed globally, more specifically, a leading producer of fish feed as well. The country has also dominated in the global aquaculture production for almost two decades. In 2019, coastal fishing ban in China led to a rise in the aquaculture and marine culture, which further increased the growth of the fish feed demand, thereby increasing the need to produce high quality and more formulated feeds in the country. Moreover, factors such as increasing seafood consumption in China coupled with the rising consumer awareness about the seafood quality are further escalating the demand for aquafeed in the region. In addition to this, the Chinese government is also taking various initiatives to strengthen the aquaculture industry in order to increase its production share in the international market. Currently, there is a huge demand of fish feed in the country. At times, country’s production of fishmeal is not enough for domestic use. It needs to be re-imported and cannot be exported to other countries, thereby rising the market of aquafeed in the country itself.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the China aquafeed market report, along with forecasts at the country and province level from 2024-2032. Our report has categorized the market based on species, ingredient, additive and product form.
Breakup by Species:
Carps currently dominate the aquafeed market in China, holding the largest share.
Breakup by Ingredient:
Amongst all the ingredient types, soybean currently dominates the China aquafeed market.
Breakup by Additive:
Vitamins and Minerals
Vitamins and minerals currently represent the most popular type of additives.
Breakup by Product Form:
Among all the product forms, pellets currently represent the largest type accounting for majority of the market share.
Breakup by Province:
Province-wise, Guangdong currently represents the largest market.
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry. Some of the key players include Cargill, Alltech China, Liaoning Wellhope Agri-Tech Joint Stock Co., Tongwei Group Co., Aller Aqua, Nutreco, BioMar-Tongwei Biotech (Wuxi), Charoen Pokphand Group, etc.
Base Year of the Analysis
Million Tons, US$ Billion
Species, Ingredient, Additive, Product Form, Province
Cargill, Alltech China, Liaoning Wellhope Agri-Tech Joint Stock Co., Tongwei Group Co., Aller Aqua, Nutreco, BioMar-Tongwei Biotech (Wuxi), Charoen Pokphand Group
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Key Questions Answered in This Report
The China aquafeed market reached a volume of 16.9 Million Tons in 2023.
We expect the China aquafeed market to exhibit a CAGR of 6.6% during 2024-2032.
The expanding demand for seafood, coupled with the growing popularity of innovative aquafeed
variants with species-specific requirements, is primarily driving the China aquafeed market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across the nation resulting in temporary disruption in supply chain for aquafeed.
Based on the species, the China aquafeed market has been divided into Carps, Catfish, Tilapia,
Shrimp, and others. Currently, Carps exhibit a clear dominance in the market.
Based on the ingredient, the China aquafeed market can be categorized into soybean, fish meal,
corn, fish oil, additives, and others. Among these, soybean currently holds the majority of the total
Based on the additive, the China aquafeed market has been segmented into vitamins and minerals,
amino acids, antibiotics, feed acidifiers, and others. Currently, vitamins and minerals represent the
largest market share.
Based on the product form, the China aquafeed market can be bifurcated into pellets, extruded,
powdered, and liquid. Among these, pellets accounts for the majority of the total market share.
On a regional level, the market has been classified into Guangdong, Jiangsu, Hubei, Hunan, Zhejiang,
and Others, where Guangdong currently dominates the market.
Some of the major players in the China aquafeed market include Cargill, Alltech China, Liaoning Wellhope Agri-Tech Joint Stock Co., Tongwei Group Co., Aller Aqua, Nutreco, BioMar-Tongwei Biotech (Wuxi), Charoen Pokphand Group, etc.
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