China Aqua Feed Market Size (2024 - 2029)

The China aquafeed market is experiencing growth driven by the expansion of aquaculture and mariculture, particularly following regulatory changes like the annual coastal fishing ban. This has led to an increased demand for aquafeed, despite previous declines in production due to stringent government regulations on food safety and feeding practices. The market size is expected to continue expanding as aquaculture remains a rapidly growing segment within the Chinese feed industry.

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Market Size of China Aqua Feed Industry

Market Snapshot
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.80 %
Market Concentration High

Major Players

China Aqua Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Aqua Feed Market Analysis

The China aqua feed market is estimated to register a CAGR of 3.8% during the forecast period (2020 - 2025). Aquaculture is one of the fastest growing segment in the Chinese feed industry. In the year 2018, due to the annual coastal fishing ban in China, there has been an expansion in aquaculture and mariculture, leading to growth in aqua 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 regulations on food safety and feeding practices.

China Aqua Feed Industry Segmentation

China is one of the largest producers of aqua feed in the world. The report presents a detailed analysis of the aqua feed market in China. The market is segmented by animal type into fish, crustaceans, mollusks, trout, and other animal types and by fish species into carp, tilapia, salmon, catfish, and other fish species,

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. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    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. 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

China Aqua Feed Market Size FAQs

The China Aqua Feed Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)

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

China Aqua Feed Market Report Snapshots

China Aquafeed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)