China Aquafeed Market 2023-2028: Consumption Rate, Size, Share, Outlook, Growth Rate, Top Companies, & Report

According to the latest report by IMARC Group, titled "China Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the China aquafeed market size reached 15.7 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 24.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.

Aquafeed is a compound meal prepared for aquatic animals, such as carp, salmon, mollusks, tilapia, shrimps, trout, catfish, and crustaceans, by mixing numerous raw materials and additives. It is produced in pressure-pelleted feed and extruded bits forms, in which pressure-pelleted feed sinks into the water, and extruded bits float on the surface of the water. It is prepared by using distinct ingredients, including corn, soybean, pulses, additives, and fish oil, which provides nutrition to several water species. It enables them to perform their normal physiological functions, such as maintaining a highly effective natural immune system, reproduction, and growth. The demand for aquafeed is rising across China as it has a finite shelf life and special handling requirements.

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.

Request Free Sample Report: https://www.imarcgroup.com/china-aquafeed-market/requestsample

The rising seafood consumption among the masses is driving the market in China. This can be attributed to the escalating demand for animal by-products, including shrimp, squid, and fish meals. Moroever, the growing consumer awareness and the increasing concerns for cross-contamination and sea foodborne diseases, such as vibrio, salmonella, and listeria, are further contributing to the market. Moreover, numerous major companies are heavily investing in developing natural and organic feed products creating a positive market outlook. Other factors, such as growing investments by several key players in research and development (R&D) activities and increasing government support to promote aquaculture, are also influencing the market across China.

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/china-aquafeed-market

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

Key Market Segmentation:

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 (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.