PUBLISHER: IMARC | PRODUCT CODE: 1521127
PUBLISHER: IMARC | PRODUCT CODE: 1521127
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.
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.
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.
Fishes
Tilapia
Catfish
Common Silver Barb
Others
Crustaceans
Shrimp
Others
Mollusks
Others
Fish currently accounts for the largest share in the market.
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.
Pellets
Extruded
Powdered
Liquid
Pellets represent the biggest segment, accounting for the largest market share.
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.