Market Overview:
Thailand aquafeed market reached a volume of 1.10 Million Tons in 2020. Thailand has the most sophisticated commercial aquafeed manufacturing industry. It has one of the world's largest shrimp and fish production industries which play a significant role in the country’s economy. Rising exports of fishery products across various countries have increased the demand of aquafeed in the country. Moreover, all the required raw materials are easily available in the country that helps in the rapid development and production of fish feed such as corn, soybean, fish meal etc. Apart from this, rising awareness among consumers about the high-protein content of seafood has encouraged the farmers to use improved aquafeed. Additionally, new technologies are being introduced in the country to improve the feed quality in order to attain higher productivity. In addition, due to drug and chemical residue problems, farmers who culture freshwater shrimp have started using more commercial feed instead of on-farm mixed feed. Looking forward, IMARC Group expects the Thailand aquafeed market to exhibit moderate growth during the forecast period (2021-2026).
Report Scope:
Market Breakup by End-User
- Fishes
- Tilapia
- Catfish
- Common Silver Barb
- Others
- Crustaceans
- Mollusks
- Others
Fish currently accounts for the largest share in the market.
Market Breakup by Ingredient
- Soybean
- Fish Meal
- Wheat Flour and Wheat Products
- Rice Products
- Corns
- Additives
- Vitamins and Minerals
- Amino Acids
- Feed enzymes
- Antioxidants
- Others
- Others
Amongst these, soybean accounts for the largest share.
Market Breakup by Product Form
- Pellets
- Extruded
- Powdered
- Liquid
Pellets represent the biggest segment, accounting for the largest market share.
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:
- Charoen Pokphand Group
- Cargill Thailand
- Thai Luxe Enterprises (Thailand) Co., Ltd.
- Thai Union Feed mill Co., Ltd.
- Lee Feed Mill Public Company Limited
- Betagro Group
- Inteqc Feed Co., Ltd.
Key Questions Answered in This Report:
- How has the Thailand aquafeed market performed so far and how will it perform in the coming years?
- What is the breakup of the Thailand aquafeed market based on the end user?
- What is the breakup of the Thailand aquafeed market based on the ingredient?
- What is the breakup of the Thailand aquafeed market based on the product forms?
- What has been the impact of COVID 19 in the Thailand aquafeed market?
- What are the various stages in the value chain of the Thailand aquafeed market?
- What are the key driving factors and challenges in Thailand aquafeed market?
- What is the structure of the Thailand aquafeed market and who are the key players?
- What is the degree of competition in the Thailand aquafeed market?
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 Thailand Aquafeed Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by End User
5.5 Market Breakup by Ingredient
5.6 Market Breakup by Product Form
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Input Suppliers
5.9.3 Feed manufacturer
5.9.4 Marketing
5.9.5 Distribution
5.9.6 Exports
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
5.11.1 Price Indicators
5.11.2 Price Structure
5.11.3 Margin Analysis
6 Market Breakup by End User
6.1 Fishes
6.1.1 Market Trends
6.1.2 Market Breakup by Fish Type
6.1.2.1 Tilapia
6.1.2.1.1 Market Trends
6.1.2.1.2 Market Forecast
6.1.2.2 Catfish
6.1.2.2.1 Market Trends
6.1.2.2.2 Market Forecast
6.1.2.3 Common Silver Barb
6.1.2.3.1 Market Trends
6.1.2.3.2 Market Forecast
6.1.2.4 Others
6.1.2.4.1 Market Trends
6.1.2.4.2 Market Forecast
6.1.3 Market Forecast
6.2 Crustaceans
6.2.1 Market Trends
6.2.2 Market Breakup by Fish Type
6.2.2.1 Shrimp
6.2.2.1.1 Market Trends
6.2.2.1.2 Market Forecast
6.2.2.2 Others
6.2.2.2.1 Market Trends
6.2.2.2.2 Market Forecast
6.2.3 Market Forecast
6.3 Mollusks
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 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 Wheat Flour and Wheat Products
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Rice Products
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Corns
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Additives
7.6.1 Market Trends
7.6.2 Market Breakup Type
7.6.2.1 Vitamins and Minerals
7.6.2.1.1 Market Trends
7.6.2.1.2 Market Forecast
7.6.2.2 Amino Acids
7.6.2.2.1 Market Trends
7.6.2.2.2 Market Forecast
7.6.2.3 Feed Enzymes
7.6.2.3.1 Market Trends
7.6.2.3.2 Market Forecast
7.6.2.4 Antioxidants
7.6.2.4.1 Market Trends
7.6.2.4.2 Market Forecast
7.6.2.5 Others
7.6.2.5.1 Market Trends
7.6.2.5.2 Market Forecast
7.6.3 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Product Form
8.1 Pellets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Extruded
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Powdered
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Liquid
8.4.1 Market Trends
8.4.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Key Players
9.3 Profiles of Key Players
9.3.1 Charoen Pokphand Group
9.3.2 Cargill Thailand
9.3.3 Thai Luxe Enterprises (Thailand) Co., Ltd.
9.3.4 Thai Union Feed mill Co., Ltd.
9.3.5 Lee Feed Mill Public Company Limited
9.3.6 Betagro Group
9.3.7 Inteqc Feed Co., Ltd.
List of Figures
Figure 1: Thailand: Aquafeed Market: Major Drivers and Challenges
Figure 2: Thailand: Aquafeed Market: Consumption Volume (in Million Tons), 2015-2020
Figure 3: Thailand: Aquafeed Market: Breakup by End User (in %), 2020
Figure 4: Thailand: Aquafeed Market: Breakup by Ingredient (in %), 2020
Figure 5: Thailand: Aquafeed Market: Breakup by Product Form (in %), 2020
Figure 6: Thailand: Aquafeed Market Forecast: Consumption Volume (in Million Tons), 2021-2026
Figure 7: Thailand: Aquafeed Market Industry: SWOT Analysis
Figure 8: Thailand: Aquafeed Market Industry: Value Chain Analysis
Figure 9: Thailand: Aquafeed Market Industry: Porter’s Five Forces Analysis
Figure 10: Thailand: Aquafeed (Fishes) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 11: Thailand: Aquafeed (Tilapia) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 12: Thailand: Aquafeed (Tilapia) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 13: Thailand: Aquafeed (Catfish) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 14: Thailand: Aquafeed (Catfish) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 15: Thailand: Aquafeed (Common Silver Barb) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 16: Thailand: Aquafeed (Common Silver Barb) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 17: Thailand: Aquafeed (Other Fish Types) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 18: Thailand: Aquafeed (Other Fish Types) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 19: Thailand: Aquafeed (Fishes) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 20: Thailand: Aquafeed (Crustaceans) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 21: Thailand: Aquafeed (Shrimp) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 22: Thailand: Aquafeed (Shrimp) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 23: Thailand: Aquafeed (Other Types) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 24: Thailand: Aquafeed (Other Types) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 25: Thailand: Aquafeed (Crustaceans) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 26: Thailand: Aquafeed (Mollusks) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 27: Thailand: Aquafeed (Mollusks) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 28: Thailand: Aquafeed (Other End-Users) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 29: Thailand: Aquafeed (Other End-Users) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 30: Thailand: Aquafeed (Soybean) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 31: Thailand: Aquafeed (Soybean) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 32: Thailand: Aquafeed (Fish Meal) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 33: Thailand: Aquafeed (Fish Meal) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 34: Thailand: Aquafeed (Wheat Flour and Wheat Products) Market: Consumption Volume (‘000 Tons), 2015 & 2020
Figure 35: Thailand: Aquafeed (Wheat Flour and Wheat Products) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 36: Thailand: Aquafeed (Rice Products) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 37: Thailand: Aquafeed (Rice Products) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 38: Thailand: Aquafeed (Corns) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 39: Thailand: Aquafeed (Corns) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 40: Thailand: Aquafeed (Additives) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 41: Thailand: Aquafeed (Additives) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 42: Thailand: Aquafeed (Vitamins and Minerals) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 43: Thailand: Aquafeed (Vitamins and Minerals) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 44: Thailand: Aquafeed (Amino Acids) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 45: Thailand: Aquafeed (Amino Acids) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 46: Thailand: Aquafeed (Feed Enzymes) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 47: Thailand: Aquafeed (Feed Enzymes) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 48: Thailand: Aquafeed (Antioxidants) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 49: Thailand: Aquafeed (Antioxidants) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 50: Thailand: Aquafeed (Other Additives) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 51: Thailand: Aquafeed (Other Additives) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 52: Thailand: Aquafeed (Other Ingredients) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 53: Thailand: Aquafeed (Other Ingredients) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 54: Thailand: Aquafeed (Pellets) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 55: Thailand: Aquafeed (Pellets) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 56: Thailand: Aquafeed (Extruded) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 57: Thailand: Aquafeed (Extruded) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 58: Thailand: Aquafeed (Powdered) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 59: Thailand: Aquafeed (Powdered) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
Figure 60: Thailand: Aquafeed (Liquid) Market: Consumption Volume (in ‘000 Tons), 2015 & 2020
Figure 61: Thailand: Aquafeed (Liquid) Market Forecast: Consumption Volume (in ‘000 Tons), 2021-2026
List of Tables
Table 1: Thailand: Aquafeed Market: Key Industry Highlights, 2020 and 2026
Table 2: Thailand: Aquafeed Market Forecast: Breakup by End User (in ‘000 Tons), 2021-2026
Table 3: Thailand: Aquafeed Market Forecast: Breakup by Ingredient (in ‘000 Tons), 2021-2026
Table 4: Thailand: Aquafeed Market Forecast: Breakup by Product Form (in ‘000 Tons), 2021-2026
Table 5: Thailand: Aquafeed Market Structure
Table 6: Thailand: Aquafeed Market: Key Players