China Aqua Feed Market
Aquaculture is the fastest growing segment in the feed industry. In the year 2018, due to the annual coastal fishing ban in China, there has been an expansion in aquaculture and mariculture, further leading to growth in fish feed demand.
Despite an increase in the global production of aquaculture feed, China reported a decline of around 5% in the production of aquaculture feed in the year 2017 and 2016, primarily due to government controls and regulations on food safety and feeding practices. However, China remained the top feed-producing country in the world with 16.4 million metric tons in 2016.
Growing Aquaculture Industry
China is the leading producer, consumer, and exporter of aquafeed in the world, particularly leading the global production of fish feed. However, production is yet to catch up with the increasing demand. China consumes 37% of the global aqua-protein production, almost seven times that of the consumption of entire North America. Over the past decade, China’s seafood consumption has increased by over 50% and the consumption stood at 62 million metric ton in 2017.
Stricter Government Regulations
Strict government regulations have been imposed on the aquaculture industry in China for providing sustainability in its fish production and for preserving natural fishing reserves. The Chinese government has made it mandatory for exporters of aqua feed to obtain import registration license to import products into the country. The move is a result of the government’s desire to improve its supervision and quarantine process for imported feed additives. Under the Ministry of Agriculture’s regulations, the following feed ingredients and additives are subject to import registration licensing: pre-mixture, concentrate, compound, supplementary feed, single feed ingredients, and feed additives. Labeling and traceability of aquaculture feed have also been made mandatory in China. The rule is part of an increasing awareness among regulators in China on traceability and quality in aquaculture feed inputs. The regulations also restrict the use of multiple species in fishmeal and oil production.
Carp Feed Dominating the Feed Type Segment
Carp species have constituted the major part of production in the Chinese market. Carp is the most popular cultured fish in China, with grass carp being the most popular species of carp. Around 60% of China’s aqua feed production is for carp. In 2016, the carp feed segment of the Chinese aqua feed market was valued at USD 325.21 million. The production of carp in the country is driven by the fact that the fish has low production costs and is tolerant to most climatic and environmental factors. Carp are bony fish and Chinese people have over the years, developed a preference for bony fish.
Key Developments in the China Aqua Feed Market
October 2017 - Aller Aqua opened a new mill in Qingdao, China, having a production capacity of 45,000 tons of feed for the aquaculture industry.
February 2017 - BioMar-Tongwei joint venture opened up a new extruded feed line and warehouse at their Haiwei plant in Southern China.
November 2016 – BioMar-Tongwei acquired 100% shares of Chinese fish feed company, Haiwei.
Major Players of China Aqua Feed Market
The major players include – Cargill Inc., Bio Mar, Aller Aqua, Biomin GmbH, Coppens International, and Nutriad, among others.
China Aqua Feed Market report Summary
China Aqua Feed Market
Largest Market Share by Feed Type
Carp Feed - 61%
Cargill Inc., Bio Mar, Aller Aqua, Biomin GmbH, Coppens International, and Nutriad among other
China Aqua Feed Market Offers latest trends, growth prospects, industry competitiveness, major player active in the market and forecast to 2023.
Reasons to Purchase China Aqua Feed Market Report
- Identify the dominating and the fastest growing regions in the China aqua feed market and their growth trends during the forecast period
- The report outlines production, consumption, import and export analysis, and price trend for the market
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1.1 Market Definition
1.2 Executive Summary
2. Research Scope and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3. Market Dynamics
3.1 China Aqua Feed Market Drivers
3.1.1 Rise in Fish Consumption
3.1.2 Growing Aquaculture Industry
3.1.3 Increase in Export of Seafood
3.1.4 Increase in Demand for Processed Fish
3.2 China Aqua Feed Market Restraints
3.2.1 Government Regulations
3.2.2 Increase in Labor Costs
4. Industry Analysis
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Consumers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitute Products and Services
4.1.5 Degree of Competition
5. Market Segmentation and Analysis
5.1 China Aqua Feed Market By Feed Type
5.1.1 Fish Feed
126.96.36.199 Carp Feed
188.8.131.52 Salmon Feed
184.108.40.206 Tilapia Feed
220.127.116.11 Catfish Feed
5.1.2 Mollusks Feed
5.1.3 Crustaceans Feed
5.1.4 Other Aqua Feed
6. China Aqua Feed Market Competitive Landscape
6.1 Mergers,Acquisitions, Joint Ventures, and Collaborations
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
7. China Aqua Feed Market Company Profiles
7.1 Bio Mar
7.2 Aller Aqua
7.3 Cargill Inc.
7.4 Altech Inc.
7.5 Archer Daniels Midland Co.
7.7 Biomin GmbH
7.8 Hanpel Tech Co. Ltd.
7.9 BASF SE
7.10 Nutreco NV
7.11 Wellhope Agri-Tech Co. Ltd.
8. Future of the China Aqua Feed Market