The Japan aquafeed market size reached 3.4 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 6.3 Million Tons by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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3.4 Million Tons |
Market Forecast in 2032
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6.3 Million Tons |
Market Growth Rate 2024-2032 | 7.1% |
Aquafeed refers to the food specifically prepared for aquatic animals to fulfill their nutritional requirements. Japan is one of the largest mollusk producers which requires an enormous quantity of high-quality aquafeed and thus serving as a major growth driver of the aquafeed industry in the country.
The increasing seafood consumption in Japan coupled with the rising consumer awareness about the seafood health benefits, is escalating the demand for aquafeed in the region. In fact, the government's ongoing attempts to boost aquaculture output are further accelerating the aquafeed industry. For instance, Japan government launched a ‘Fast Fish’ campaign to encourage further modernization of country’s fishing sector and increase the production of certified sustainable seafood. In addition to this, modern feed management techniques in Japan are also becoming responsible for high consumption of feed in the various farming sectors. Moreover, an increase in fish mass production, rising intensive farming, advancements in the stocking and feeding densities, feeding management practices are some of the other factors that have proliferated the market growth in the country.
IMARC Group provides an analysis of the key trends in each segment of the Japan aquafeed market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on end-user, ingredient and product form.
Breakup by End-User:
Fishes currently represent the leading segment, holding the largest share.
Breakup by Ingredient:
Soybean currently dominates the market, holding majority of the market share.
Breakup by Product Form:
Amongst these, pellets account for the largest market share.
The report has also examined the competitive landscape of the Japan aquafeed market. Some of the major players include:
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million Tons |
Scope of the Report
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Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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End-Users Covered |
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Ingredients Covered |
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Product Forms Covered | Pellets, Extruded, Powdered, Liquid |
Companies Covered | Marubeni Nisshin Feed Co. Ltd., Nosan Corporation (Mitsubishi Corporation) and Skretting (Nutreco N.V.) |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |