The China shrimp feed market is expected to exhibit a growth rate (CAGR) of 8.74% during 2024-2032.
|Market Growth Rate (2024-2032)
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 volume reaching 2.07 Million Tons in 2020. 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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the China shrimp feed market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on type, ingredients and additives.
Breakup by Type:
Breakup by Ingredients:
- Soybean Meal
- Fish Meal
- Wheat Flour
- Fish Oil
Breakup by Additives:
- Vitamin and Protein
- Fatty Acid
- Feed Enzyme
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
- Competitive Structure
- Key Player Profiles
|Base Year of the Analysis
|US$ Million, Million Tons
|Type, Ingredients, Additives
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Key Questions Answered in This Report:
- How has the China shrimp feed market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the China shrimp feed market?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the ingredients?
- What is the breakup of the market based on the additives?
- What are the various stages in the value chain of the China shrimp feed industry?
- What are the key driving factors and challenges in the China shrimp feed industry?
- What is the structure of the China shrimp feed industry and who are the key players?
- What is the degree of competition in the China shrimp feed industry?
- What are the profit margins in the China shrimp feed industry?