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Thailand Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 115 pages | ID: T2183D34B873EN
IMARC Group

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Market Overview:

The Thailand aquafeed market size reached 378,700 Tons in 2022. Looking forward, IMARC Group expects the market to reach 607,600 Tons by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

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 2023-2028. 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
Shrimp
Others
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.

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 forms?
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?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 THAILAND AQUAFEED MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by End User
5.5Market Breakup by Ingredient
5.6Market Breakup by Product Form
5.7Market Forecast
5.8SWOT Analysis
  5.8.1Overview
  5.8.2Strengths
  5.8.3Weaknesses
  5.8.4Opportunities
  5.8.5Threats
5.9Value Chain Analysis
  5.9.1Overview
  5.9.2Input Suppliers
  5.9.3Feed manufacturer
  5.9.4Marketing
  5.9.5Distribution
  5.9.6Exports
  5.9.7End-Use
5.10Porters Five Forces Analysis
  5.10.1Overview
  5.10.2Bargaining Power of Buyers
  5.10.3Bargaining Power of Suppliers
  5.10.4Degree of Competition
  5.10.5Threat of New Entrants
  5.10.6Threat of Substitutes
5.11Price Analysis
  5.11.1Price Indicators
  5.11.2Price Structure
  5.11.3Margin Analysis

6 MARKET BREAKUP BY END USER

6.1Fishes
  6.1.1Market Trends
  6.1.2Market Breakup by Fish Type
    6.1.2.1Tilapia
      6.1.2.1.1 Market Trends
      6.1.2.1.2 Market Forecast
    6.1.2.2Catfish
      6.1.2.2.1 Market Trends
      6.1.2.2.2 Market Forecast
    6.1.2.3Common Silver Barb
      6.1.2.3.1 Market Trends
      6.1.2.3.2 Market Forecast
    6.1.2.4Others
      6.1.2.4.1 Market Trends
      6.1.2.4.2 Market Forecast
  6.1.3Market Forecast
6.2Crustaceans
  6.2.1Market Trends
  6.2.2Market Breakup by Type
    6.2.2.1Shrimp
      6.2.2.1.1 Market Trends
      6.2.2.1.2 Market Forecast
    6.2.2.2Others
      6.2.2.2.1 Market Trends
      6.2.2.2.2 Market Forecast
  6.2.3Market Forecast
6.3Mollusks
  6.3.1Market Trends
  6.3.2Market Forecast
6.4Others
  6.4.1Market Trends
  6.4.2Market Forecast

7 MARKET BREAKUP BY INGREDIENT

7.1Soybean
  7.1.1Market Trends
  7.1.2Market Forecast
7.2Fish Meal
  7.2.1Market Trends
  7.2.2Market Forecast
7.3Wheat Flour and Wheat Products
  7.3.1Market Trends
  7.3.2Market Forecast
7.4Rice Products
  7.4.1Market Trends
  7.4.2Market Forecast
7.5Corns
  7.5.1Market Trends
  7.5.2Market Forecast
7.6Additives
  7.6.1Market Trends
  7.6.2Market Breakup Type
    7.6.2.1Vitamins and Minerals
      7.6.2.1.1 Market Trends
      7.6.2.1.2 Market Forecast
    7.6.2.2Amino Acids
      7.6.2.2.1 Market Trends
      7.6.2.2.2 Market Forecast
    7.6.2.3Feed Enzymes
      7.6.2.3.1 Market Trends
      7.6.2.3.2 Market Forecast
    7.6.2.4Antioxidants
      7.6.2.4.1 Market Trends
      7.6.2.4.2 Market Forecast
    7.6.2.5Others
      7.6.2.5.1 Market Trends
      7.6.2.5.2 Market Forecast
  7.6.3Market Forecast
7.7Others
  7.7.1Market Trends
  7.7.2Market Forecast

8 MARKET BREAKUP BY PRODUCT FORM

8.1Pellets
  8.1.1Market Trends
  8.1.2Market Forecast
8.2Extruded
  8.2.1Market Trends
  8.2.2Market Forecast
8.3Powdered
  8.3.1Market Trends
  8.3.2Market Forecast
8.4Liquid
  8.4.1Market Trends
  8.4.2Market Forecast

9 COMPETITIVE LANDSCAPE

9.1Market Structure
9.2Key Players
9.3Profiles of Key Players
  9.3.1Charoen Pokphand Group
  9.3.2Cargill Thailand
  9.3.3Thai Luxe Enterprises (Thailand) Co., Ltd.
  9.3.4Thai Union Feed mill Co., Ltd.
  9.3.5Lee Feed Mill Public Company Limited
  9.3.6Betagro Group
  9.3.7Inteqc Feed Co., Ltd.

LIST OF TABLES

Table 1: Thailand: Aquafeed Market: Key Industry Highlights, 2022 and 2028
Table 2: Thailand: Aquafeed Market Forecast: Breakup by End User (in ‘000 Tons), 2023-2028
Table 3: Thailand: Aquafeed Market Forecast: Breakup by Ingredient (in ‘000 Tons), 2023-2028
Table 4: Thailand: Aquafeed Market Forecast: Breakup by Product Form (in ‘000 Tons), 2023-2028
Table 5: Thailand: Aquafeed Market Structure
Table 6: Thailand: Aquafeed Market: Key Players

LIST OF FIGURES

Figure 1: Thailand: Aquafeed Market: Major Drivers and Challenges
Figure 2: Thailand: Aquafeed Market: Consumption Volume (in ‘000 Tons), 2017-2022
Figure 3: Thailand: Aquafeed Market: Breakup by End User (in %), 2022
Figure 4: Thailand: Aquafeed Market: Breakup by Ingredient (in %), 2022
Figure 5: Thailand: Aquafeed Market: Breakup by Product Form (in %), 2022
Figure 6: Thailand: Aquafeed Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 7: Thailand: Aquafeed Industry: SWOT Analysis
Figure 8: Thailand: Aquafeed Industry: Value Chain Analysis
Figure 9: Thailand: Aquafeed Industry: Porter’s Five Forces Analysis
Figure 10: Thailand: Aquafeed (Fishes) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 11: Thailand: Aquafeed (Tilapia) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 12: Thailand: Aquafeed (Tilapia) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 13: Thailand: Aquafeed (Catfish) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 14: Thailand: Aquafeed (Catfish) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 15: Thailand: Aquafeed (Common Silver Barb) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 16: Thailand: Aquafeed (Common Silver Barb) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 17: Thailand: Aquafeed (Other Fish Types) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 18: Thailand: Aquafeed (Other Fish Types) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 19: Thailand: Aquafeed (Fishes) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 20: Thailand: Aquafeed (Crustaceans) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 21: Thailand: Aquafeed (Shrimp) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 22: Thailand: Aquafeed (Shrimp) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 23: Thailand: Aquafeed (Other Types) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 24: Thailand: Aquafeed (Other Types) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 25: Thailand: Aquafeed (Crustaceans) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 26: Thailand: Aquafeed (Mollusks) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 27: Thailand: Aquafeed (Mollusks) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 28: Thailand: Aquafeed (Other End-Users) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 29: Thailand: Aquafeed (Other End-Users) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 30: Thailand: Aquafeed (Soybean) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 31: Thailand: Aquafeed (Soybean) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 32: Thailand: Aquafeed (Fish Meal) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 33: Thailand: Aquafeed (Fish Meal) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 34: Thailand: Aquafeed (Wheat Flour and Wheat Products) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 35: Thailand: Aquafeed (Wheat Flour and Wheat Products) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 36: Thailand: Aquafeed (Rice Products) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 37: Thailand: Aquafeed (Rice Products) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 38: Thailand: Aquafeed (Corns) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 39: Thailand: Aquafeed (Corns) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 40: Thailand: Aquafeed (Additives) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 41: Thailand: Aquafeed (Additives) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 42: Thailand: Aquafeed (Vitamins and Minerals) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 43: Thailand: Aquafeed (Vitamins and Minerals) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 44: Thailand: Aquafeed (Amino Acids) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 45: Thailand: Aquafeed (Amino Acids) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 46: Thailand: Aquafeed (Feed Enzymes) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 47: Thailand: Aquafeed (Feed Enzymes) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 48: Thailand: Aquafeed (Antioxidants) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 49: Thailand: Aquafeed (Antioxidants) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 50: Thailand: Aquafeed (Other Additives) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 51: Thailand: Aquafeed (Other Additives) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 52: Thailand: Aquafeed (Other Ingredients) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 53: Thailand: Aquafeed (Other Ingredients) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 54: Thailand: Aquafeed (Pellets) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 55: Thailand: Aquafeed (Pellets) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 56: Thailand: Aquafeed (Extruded) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 57: Thailand: Aquafeed (Extruded) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 58: Thailand: Aquafeed (Powdered) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 59: Thailand: Aquafeed (Powdered) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028
Figure 60: Thailand: Aquafeed (Liquid) Market: Consumption Volume (in ‘000 Tons), 2017 & 2022
Figure 61: Thailand: Aquafeed (Liquid) Market Forecast: Consumption Volume (in ‘000 Tons), 2023-2028


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