Market Trends of China Aqua Feed Industry
This section covers the major market trends shaping the China Aqua Feed Market according to our research experts:
Growing Aquaculture Production Drives the Market
The aquaculture industry in China is very well developed and has been continuously growing. The market value of china aquaculture was recorded as USD 135 billion in 2016, rising to 140 billion in 2017. The country had 7.2 million hectares in aquaculture in 2018, of which 5.14 million was in fresh-water and 2.04 million hectares in sea-water. Chinese aquaculture is estimated to grow at 4.4% over the next 4 years, boosting the aquafeed market.
Carp Fish Feed Dominates the Market
Carp fish feed accounted for 62% of China aqua feed market value. Carp is the most popular cultured fish in China, with grass carp being the most popular species of carp. Fifty percent of the fishes cultured in China are Carp fishes. The production of carp in the country is driven by the fact that the fish has low production costs and is tolerant of most climatic and environmental factors. Carp are bony fish and Over the years, Chinese people have developed a preference for bony fish.
