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The China shrimp feed market reached a volume of 1.46 Million Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Shrimp feed is the food formulated with the key nutrients that are essential for the growth of healthy shrimps. Feed management is an important operational function in shrimp farming as adequate feed supply is required to attain the survival and the growth rates of the cultivated shrimp at desired harvesting size. Apart from providing nutritional requirements, shrimp feed also plays an important role in improving the immunity of shrimps against various diseases.
The demand of shrimp feed in China is strongly driven by increasing demand of shrimps in the country. Catalyzed by increasing incomes and rising health consciousness, Chinese consumers are undergoing a nutrition transition', whereby consumers have made a transition from a broadly carbohydrate-based diet to a diet that consists of higher levels of proteins. Apart from their high protein content, Shrimps are also a very good source of antioxidants and astaxanthin that bolsters the nervous and musculoskeletal system. Moreover, they also help in the prevention of life style diseases such as cancer and diabetes. Driven by these factors, China currently represents the world’s largest consumer of shrimps with consumption volumes reaching 1.9 Million Tons in 2018. Other major factors driving the demand of shrimp feed in China include growth of the shrimp farming industry, increasing demand for value added feeds, advancement in feed production technologies, etc.
IMARC Group’s latest report provides a deep insight into the China shrimp feed market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the China shrimp feed market in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the China shrimp feed market report, along with forecasts for growth at the country level from 2021-2026. Our report has categorized the market based on type, ingredients and additives.
|Base Year of the Analysis||2020|
|Units||US$ Million, Tons|
|Segment Coverage||Type, Ingredients, Additives|
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|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)|
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