Market Overview:
The Thailand aquafeed market size reached 4,09,700 Tons in 2023. Looking forward, IMARC Group expects the market to reach 7,77,700 Tons by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
4,09,700 Tons |
Market Forecast in 2032
|
7,77,700 Tons |
Market Growth Rate (2024-2032) |
7.1% |
Thailand has the most sophisticated commercial aquafeed manufacturing industry. It has one of the world's largest shrimp and fish production industries which play a significant role in the country’s economy. Rising exports of fishery products across various countries have increased the demand of aquafeed in the country. Moreover, all the required raw materials are easily available in the country that helps in the rapid development and production of fish feed such as corn, soybean, fish meal etc. Apart from this, rising awareness among consumers about the high-protein content of seafood has encouraged the farmers to use improved aquafeed. Additionally, new technologies are being introduced in the country to improve the feed quality in order to attain higher productivity. In addition, due to drug and chemical residue problems, farmers who culture freshwater shrimp have started using more commercial feed instead of on-farm mixed feed.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Thailand aquafeed market report, along with forecasts at the period 2024-2032. Our report has categorized the market based on end user, ingredient and product form.
Breakup by End User:
- Fishes
- Tilapia
- Catfish
- Common Silver Barb
- Others
- Crustaceans
- Mollusks
- Others
Fish currently accounts for the largest share in the market.
Breakup by Ingredient:
- Soybean
- Fish Meal
- Wheat Flour and Wheat Products
- Rice Products
- Corns
- Additives
- Vitamins and Minerals
- Amino Acids
- Feed enzymes
- Antioxidants
- Others
- Others
Amongst these, soybean accounts for the largest share.
Breakup by Product Form:
- Pellets
- Extruded
- Powdered
- Liquid
Pellets represent the biggest segment, accounting for the largest market share.
Competitive Landscape:
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry:
- Charoen Pokphand Group
- Cargill Thailand
- Thai Luxe Enterprises (Thailand) Co., Ltd.
- Thai Union Feed mill Co., Ltd.
- Lee Feed Mill Public Company Limited
- Betagro Group
- Inteqc Feed Co., Ltd.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
000 Tons |
Segment Coverage |
End User, Ingredient, Product Form |
Companies Covered |
Charoen Pokphand Group, Cargill Thailand, Thai Luxe Enterprises (Thailand) Co., Ltd. , Thai Union Feed mill Co., Ltd., Lee Feed Mill Public Company Limited, Betagro Group and Inteqc Feed Co., Ltd. |
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) |
Key Questions Answered in This Report:
- How has the Thailand aquafeed market performed so far and how will it perform in the coming years?
- What is the breakup of the Thailand aquafeed market based on the end user?
- What is the breakup of the Thailand aquafeed market based on the ingredient?
- What is the breakup of the Thailand aquafeed market based on the product form?
- What has been the impact of COVID-19 in the Thailand aquafeed market?
- What are the various stages in the value chain of the Thailand aquafeed market?
- What are the key driving factors and challenges in the Thailand aquafeed market?
- What is the structure of the Thailand aquafeed market and who are the key players?
- What is the degree of competition in the Thailand aquafeed market?