According to the latest report by IMARC Group, titled “China Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the China aquafeed market reached a volume of around 30 Million Tons in 2020. Looking forward, IMARC Group expects the China aquafeed market to grow at a CAGR of around 8% during 2021-2026. Aquafeed refers to commercially prepared feed for aquatic animals that are widely available as granules, extruded bits, or pellets. It comprises of various raw materials and additives, such as plants, fish meal, fish oil, marine animals, grain products, terrestrial-based live feeds, vegetable protein, etc. These components are rich in minerals, carbohydrates, lipids and fats, proteins, and vitamins. Aquafeed encourages reproduction and promotes the efficient growth of aquatic animals. At present, China is serving as the leading producer, exporter and consumer of aquafeed across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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In China, the growing health consciousness and rising consumer awareness towards high-protein and nutrient-rich content of seafood are augmenting the market growth. Moreover, the increasing demand for processed, canned, and frozen seafood items based on the hectic work schedules and sedentary lifestyles of the consumers is also propelling the market. Additionally, the emergence of organic and natural ingredients-based product variants is further catalyzing the market growth. Besides this, the Chinese government is implementing various favorable policies to strengthen the aquaculture industry in order to proliferate its production share in the international market, which is anticipated to further drive the market growth over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Cargill
• Alltech China
• Liaoning Wellhope Agri-Tech Joint Stock Co.
• Tongwei Group Co.
• Aller Aqua
• Nutreco
• BioMar-Tongwei Biotech (Wuxi)
• Charoen Pokphand Group
Breakup by Species:
• Carps
• Catfish
• Tilapia
• Shrimp
• Others
Breakup by Ingredient:
• Soybean
• Fish Meal
• Corn
• Fish Oil
• Additives
• Others
Breakup by Additive:
• Vitamins and Minerals
• Amino Acids
• Antibiotics
• Feed Acidifiers
• Others
Breakup by Product Form:
• Pellets
• Extruded
• Powdered
• Liquid
Breakup by Province:
• Guangdong
• Jiangsu
• Hubei
• Hunan
• Zhejiang
• Others
Key highlights of the Report:
• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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