Who are the key players in China Aqua Feed Market?

Cargill, Incorporated., Nutreco N.V., Biomin, BioMar Group and Aller Aqua are the major companies operating in the China Aqua Feed Market. Read More

What years does this China Aqua Feed Market cover, and what was the market size in 2023?

In 2023, the China Aqua Feed Market size was estimated at USD 15.22 billion. The report covers the China Aqua Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Aqua Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

China Aqua Feed Market Size

Market Size of China Aqua Feed Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 15.90 Billion
Market Size (2029)	USD 18.70 Billion
CAGR (2024 - 2029)	4.30 %
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

China Aqua Feed Market Analysis

The China Aqua Feed Market size is estimated at USD 15.90 billion in 2024, and is expected to reach USD 18.70 billion by 2029, at a CAGR of 4.30% during the forecast period (2024-2029).

In the long term, seafood is anticipated to play a major role in the dietary habits of various Asian countries including China. With the increasing incomes and rising health consciousness, the dietary habits of people in the region are witnessing a transition from a high carbohydrate-based diet to one that is rich in protein, which is catalyzing the growth of the market in the Country. The increase in China’s demand for aquafeed is leading to the rise in aquaculture production in the country. According to World Bank statistics, aquaculture production has increased from 85,948,134 metric tons in 2021 to 88,567,716 metric tons in 2022.
In addition, government initiatives are actively working towards establishing a self-sufficient aquaculture system. For instance, in 2021, the Chinese government rolled out the "Tidal Flat Plan for Aquaculture Waters." This ambitious plan aims to designate approximately 350 million acres for aquaculture breeding by 2030. Such a vast area, now licensed for aquaculture, is likely to drive up the demand for mother feed during the forecast period.
Besides, there is a growing demand for aquafeeds from different ingredients, including plant and animal proteins. Moreover, the 2021 Chinese government promoted “compound feeds” made from plant and animal ingredients. This initiative is mainly focused on stopping aquaculture feed from being made only from young or low-value fish, which reduces the damage to the ocean food chain and enhances ecosystem stability.

China Aqua Feed Industry Segmentation

Aqua feed is a mixture of raw materials and other supplements sourced from natural or synthetic sources and fed to farmed fish. The aqua feed market is segmented by animal type including fish, crustaceans, mollusks, trout, and other animal types. The report offers market size and forecasts in value (USD) and volume (Metric Tons) for all the above segments.

Animal Type

Fish
	Carp
	Tilapia
	Salmon
	Catfish
	Other Fish Species

Crustaceans

Mollusks

Trout

Other Animal Types

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China Aqua Feed Market Size Summary

The China aquafeed market is experiencing steady growth, driven by the expanding aquaculture sector, which is a rapidly growing segment within the Chinese feed industry. The market has been influenced by regulatory measures such as the annual coastal fishing ban, which has spurred the growth of aquaculture and mariculture, thereby increasing the demand for aquafeed. Despite a global increase in aquaculture feed production, China faced a decline in production in previous years due to stringent government regulations focused on food safety and feeding practices. However, the well-developed aquaculture industry in China continues to expand, with significant areas dedicated to both freshwater and seawater cultivation, contributing to the overall growth of the aquafeed market.

Carp fish feed dominates the China aquafeed market, reflecting the popularity of carp, particularly grass carp, in Chinese aquaculture. Carp's low production costs and adaptability to various environmental conditions have made it a preferred choice among Chinese fish farmers, with a significant portion of the country's aquaculture production dedicated to this species. The market is characterized by a consolidated structure, with major players like Nutreco, Cargill, Biomar Group, Alltech, and Aller Aqua group holding substantial market shares. These companies are actively engaging in strategies such as new product launches, partnerships, and expansions to enhance their market presence and capitalize on the growth opportunities within the region.

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China Aqua Feed Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Growing Fish Consumption
  2. 1.2.2 Rising Export-oriented Aquaculture
  3. 1.2.3 Increasing Investments and Subsides in the Aquafeed Sector
3. 1.3 Market Restraints
  1. 1.3.1 Accelerating Global Prices of Raw Materials
  2. 1.3.2 Lack of Awareness about Modern Feeding Methods
4. 1.4 Porter's Five Force Analysis
  1. 1.4.1 Threat of New Entrants
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Bargaining Power of Suppliers
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Animal Type
  1. 2.1.1 Fish
    1. 2.1.1.1 Carp
    2. 2.1.1.2 Tilapia
    3. 2.1.1.3 Salmon
    4. 2.1.1.4 Catfish
    5. 2.1.1.5 Other Fish Species
  2. 2.1.2 Crustaceans
  3. 2.1.3 Mollusks
  4. 2.1.4 Trout
  5. 2.1.5 Other Animal Types