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The Thailand aquafeed market reached a volume of 1.10 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.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Thailand aquafeed market, along with forecasts at the period 2021-2026. Our report has categorized the market based on end user, ingredient and product form.
Breakup by End User
Fish currently accounts for the largest share in the market.
Breakup by Ingredient
Amongst these, soybean accounts for the largest share.
Breakup by Product Form
Pellets represent the biggest segment, accounting for the largest market share.
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry:
|Base Year of the Analysis||2020|
|Segment Coverage||End User, Ingredient, Product Form, Region|
|Companies Covered||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 and Inteqc Feed Co., Ltd.|
|Customization Scope||10% Free Customization|
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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)|
Key Questions Answered in This Report:
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