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Shrimp Feed Market Share

Report ID: GMI8130
Published Date: Feb 2024
Report Format: PDF

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Shrimp Feed Market Share

Shrimp Feed Market Revenue Share, By Company, (2023)

The competitive landscape of the shrimp feed industry, featuring major players such as Charoen Pokphand Foods Public Company Limited (CP Foods), Avanti Feeds Ltd., Nutreco N.V., BioMar Group, Cargill Incorporated Reflects a moderately concentrated market with notable initiatives driving competition. While these companies contribute significantly to the industry's dynamics, there is still a degree of fragmentation with diverse product offerings and market shares. Competitive approaches among these key players encompass a mix of pricing strategies, distribution network strength, and continuous product innovation. Pricing remains a crucial aspect, with companies strategically positioning their Shrimp Feed products to attract a broad customer base. Distribution channels play a vital role, particularly for global players like Cargill Incorporated, Pokphand Foods Public Company Limited., leveraging extensive networks to ensure widespread availability of their products.

Shrimp Feed Market Companies

Major players operating in the shrimp feed industry include:

Charoen Pokphand Foods Public Company Limited (CP Foods)
Avanti Feeds Ltd.
Nutreco N.V.
BioMar Group
Cargill, Incorporated
Thai Union Group PCL
Rangen, Inc.
Alltech
Biomin Holding GmbH

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for shrimp feed reached a valuation of USD 4.4 billion in 2023 and is expected to register over 5.2% CAGR from 2024-2032 owing to the expanding global demand for shrimp products and the increasing adoption of intensive shrimp farming practices.

Shrimp feed industry from the fish meal-based feeds segment reached USD 1.7 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their rich protein content.

North America industry size for shrimp feed recorded USD 0.92 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the strong commitment to sustainable and responsible practices, aligning with the broader consumer demand for ethically sourced seafood.

Charoen Pokphand Foods Public Company Limited (CP Foods), Avanti Feeds Ltd., Nutreco N.V., BioMar Group, Cargill, Incorporated, Thai Union Group PCL, Rangen, Inc., Alltech, and Biomin Holding GmbH are some of the major shrimp feed companies worldwide.