Japan Aquafeed Market Report

Market Overview:

The Japan aquafeed market size reached 3.4 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 6.3 Million Tons by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.

Aquafeed refers to the food specifically prepared for aquatic animals to fulfill their nutritional requirements. Japan is one of the largest mollusk producers which requires an enormous quantity of high-quality aquafeed and thus serving as a major growth driver of the aquafeed industry in the country.

The increasing seafood consumption in Japan coupled with the rising consumer awareness about the seafood health benefits, is escalating the demand for aquafeed in the region. In fact, the government's ongoing attempts to boost aquaculture output are further accelerating the aquafeed industry. For instance, Japan government launched a ‘Fast Fish’ campaign to encourage further modernization of country’s fishing sector and increase the production of certified sustainable seafood. In addition to this, modern feed management techniques in Japan are also becoming responsible for high consumption of feed in the various farming sectors. Moreover, an increase in fish mass production, rising intensive farming, advancements in the stocking and feeding densities, feeding management practices are some of the other factors that have proliferated the market growth in the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Japan aquafeed market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on end-user, ingredient and product form.

Breakup by End-User:

• Molluscs
  • Japanese Scallop
  • Pacific Oyster
• Fishes
  • Yellowtail
  • Red Seabream
  • Grater Amberjack
  • Bluefin Tuna
  • Others
• Crustaceans and Others

Fishes currently represent the leading segment, holding the largest share.

Breakup by Ingredient:

• Soybean
• Fish Meal
• Wheat Flour and Wheat Products
• Rice Products
• Corn
• Additives
  • Vitamins & Minerals
  • Amino Acids
  • Feed Acidifiers
  • Antibiotics
  • Others
• Others

Soybean currently dominates the market, holding majority of the market share.

Breakup by Product Form:

• Pellets
• Extruded
• Powdered
• Liquid

Amongst these, pellets account for the largest market share.

Competitive Landscape:

The report has also examined the competitive landscape of the Japan aquafeed market. Some of the major players include:

• Marubeni Nisshin Feed Co. Ltd.
• Nosan Corporation (Mitsubishi Corporation)
• Skretting (Nutreco N.V.)

Report Coverage:

Key Questions Answered in This Report:

• How has the Japan aquafeed market performed so far and how will it perform in the coming years?
• What is the breakup of the Japan aquafeed market based on the end-user?
• What is the breakup of the Japan aquafeed market based on the ingredient?
• What is the breakup of the Japan aquafeed market based on the product form?
• What are the various stages in the value chain of the Japan aquafeed market?
• What are the key driving factors and challenges in Japan aquafeed market?
• What is the structure of the Japan aquafeed market and who are the key players?
• What is the degree of competition in the Japan aquafeed market?