China aquafeed market reached a production volume of 17.3 Million Tons in 2018. 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 2018, 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. Looking forward, IMARC Group expects the market to reach a volume of 20.6 Million Tons by 2024, exhibiting a CAGR of 2.8% during 2019-2024.
Report Scope
Market Breakup by Species
- Carps
- Catfish
- Tilapia
- Shrimp
- Others
Carps currently dominate the aquafeed market in China, holding the largest share.
Market Breakup by Ingredient
- Soybean
- Fish Meal
- Corn
- Fish Oil
- Additives
- Others
Amongst all the ingredient types, soybean currently dominates the China aquafeed market.
Market Breakup by Additive
- Vitamins and Minerals
- Amino Acids
- Antibiotics
- Feed Acidifiers
- Others
Vitamins and minerals currently represent the most popular type of additives.
Market Breakup by Product Form
- Pellets
- Extruded
- Powdered
- Liquid
Among all the product forms, pellets currently represent the largest type accounting for majority of the market share.
Market Breakup by Province
- Guangdong
- Jiangsu
- Hubei
- Hunan
- Zhejiang
- Others
Province-wise, Guangdong currently represents the largest market.
Competitive Landscape:
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.
Key Questions Answered in This Report:
- How has the China aquafeed market performed so far and how will it perform in the coming years?
- What is the breakup of the China aquafeed market based on the species?
- What is the breakup of the China aquafeed market based on the ingredient?
- What is the breakup of the China aquafeed market based on the additive?
- What is the breakup of the China aquafeed market based on the product form?
- What is the breakup of the China aquafeed market based on the province?
- What are the various stages in the value chain of the China aquafeed industry?
- What are the key driving factors and challenges in China aquafeed industry?
- What is the structure of the China aquafeed industry and who are the key players?
- What is the degree of competition in the China aquafeed industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 China Aquafeed Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Species
5.4 Market Breakup by Ingredient
5.5 Market Breakup by Additive
5.6 Market Breakup by Product Form
5.7 Market Breakup by Province
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Overview
5.10.2 Input Suppliers
5.10.3 Feed Manufacturers
5.10.4 Marketing
5.10.5 Distribution
5.10.6 Export
5.10.7 End-Use
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Rivalry
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Price Analysis
5.12.1 Key Price Indicators
5.12.2 Price Structure
5.12.3 Margin Analysis
6 Market Breakup by Species
6.1 Carps
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Catfish
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Tilapia
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Shrimp
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.1 Market Forecast
7 Market Breakup by Ingredient
7.1 Soybean
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Fish Meal
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Corn
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Fish Oil
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Additives
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Additive
8.1 Vitamins and Minerals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Amino Acids
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Antibiotics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Feed Acidifiers
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Product Form
9.1 Pellets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Extruded
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Powdered
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Liquid
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Province
10.1 Guangdong
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Jiangsu
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Hubei
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Hunan
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Zhejiang
10.5.1 Market Trends
10.5.2 Market Forecast
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Cargill
11.3.2 Alltech China
11.3.3 Liaoning Wellhope Agri-Tech Joint Stock Co.
11.3.4 Tongwei Group Co.
11.3.5 Aller Aqua
11.3.6 Nutreco
11.3.7 BioMar-Tongwei Biotech (Wuxi)
11.3.8 Charoen Pokphand Group
List of Figures
Figure 1: China: Aquafeed Market: Major Drivers and Challenges
Figure 2: China: Aquafeed Market: Production Volume (in Million Tons), 2013-2018
Figure 3: China: Aquafeed Market: Value Trends (in Billion US$), 2013-2018
Figure 4: China: Aquafeed Market: Breakup by Species (in %), 2018
Figure 5: China: Aquafeed Market: Breakup by Ingredient (in %), 2018
Figure 6: China: Aquafeed Market: Breakup by Additive (in %), 2018
Figure 7: China: Aquafeed Market: Breakup by Product Form (in %), 2018
Figure 8: China: Aquafeed Market: Breakup by Province (in %), 2018
Figure 9: China: Aquafeed Market Forecast: Production Volume (in Million Tons), 2019-2024
Figure 10: China: Aquafeed Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 11: China: Aquafeed Market Industry: SWOT Analysis
Figure 12: China: Aquafeed Market Industry: Value Chain Analysis
Figure 13: China: Aquafeed Market Industry: Porter’s Five Forces Analysis
Figure 14: China: Aquafeed (Carps) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 15: China: Aquafeed (Carps) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 16: China: Aquafeed (Catfish) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 17: China: Aquafeed (Catfish) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 18: China: Aquafeed (Tilapia) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 19: China: Aquafeed (Tilapia) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 20: China: Aquafeed (Shrimp) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 21: China: Aquafeed (Shrimp) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 22: China: Aquafeed (Other Species) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 23: China: Aquafeed (Other Species) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 24: China: Aquafeed (Soybean) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 25: China: Aquafeed (Soybean) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 26: China: Aquafeed (Fish Meal) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 27: China: Aquafeed (Fish Meal) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 28: China: Aquafeed (Corn) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 29: China: Aquafeed (Corn) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 30: China: Aquafeed (Fish Oil) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 31: China: Aquafeed (Fish Oil) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 32: China: Aquafeed (Additives) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 33: China: Aquafeed (Additives) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 34: China: Aquafeed (Other Ingredients) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 35: China: Aquafeed (Other Ingredients) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 36: China: Aquafeed (Vitamins and Minerals) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 37: China: Aquafeed (Vitamins and Minerals) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 38: China: Aquafeed (Amino Acids) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 39: China: Aquafeed (Amino Acids) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 40: China: Aquafeed (Antibiotics) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 41: China: Aquafeed (Antibiotics) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 42: China: Aquafeed (Feed Acidifiers) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 43: China: Aquafeed (Feed Acidifiers) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 44: China: Aquafeed (Other Additives) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 45: China: Aquafeed (Other Additives) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 46: China: Aquafeed (Pellets) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 47: China: Aquafeed (Pellets) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 48: China: Aquafeed (Extruded) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 49: China: Aquafeed (Extruded) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 50: China: Aquafeed (Powdered) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 51: China: Aquafeed (Powdered) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 52: China: Aquafeed (Liquid) Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 53: China: Aquafeed (Liquid) Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 54: Guangdong: Aquafeed Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 55: Guangdong: Aquafeed Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 56: Jiangsu: Aquafeed Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 57: Jiangsu: Aquafeed Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 58: Hubei: Aquafeed Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 59: Hubei: Aquafeed Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 60: Hunan: Aquafeed Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 61: Hunan: Aquafeed Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
Figure 62: Zhejiang: Aquafeed Market: Production Volume (in ‘000 Tons), 2013 & 2018
Figure 63: Zhejiang: Aquafeed Market Forecast: Production Volume (in ‘000 Tons), 2019-2024
List of Tables
Table 1: China: Aquafeed Market: Key Industry Highlights, 2018 and 2024
Table 2: China: Aquafeed Market Forecast: Breakup by Species (in ‘000 Tons), 2019-2024
Table 3: China: Aquafeed Market Forecast: Breakup by Ingredient (in ‘000 Tons), 2019-2024
Table 4: China: Aquafeed Market Forecast: Breakup by Additive (in ‘000 Tons), 2019-2024
Table 5: China: Aquafeed Market Forecast: Breakup by Product Form (in ‘000 Tons), 2019-2024
Table 6: China: Aquafeed Market Forecast: Breakup by Province (in ‘000 Tons), 2019-2024
Table 7: China: Aquafeed Market Structure
Table 8: China: Aquafeed Market: Key Players