South Korea Feed + Aquafeed Market was valued at USD 20 Billion in 2022 and is projected to reach USD 28 Billion by 2030, growing at a CAGR of 3.5% from 2024 to 2030.
The South Korea Feed + Aquafeed Market is experiencing remarkable growth, driven by the increasing demand for high-quality animal feed and aquaculture products. With advancements in technology and growing concerns about sustainability, industries are increasingly looking for innovative solutions to meet the rising demand for feed in the livestock and aquaculture sectors. This growth is expected to continue as South Korea is one of the leading producers of aquaculture products in the region, particularly fish and shellfish.
The Feed + Aquafeed Market in South Korea is segmented into various types, including livestock feed, aquaculture feed, and pet food. Livestock feed remains a dominant segment, supporting poultry, swine, and cattle industries. However, the aquafeed segment has seen significant growth due to the expanding aquaculture industry. In fact, South Korea is one of the largest consumers of fish products globally, and the demand for high-quality feed for fish farming has surged. This includes a focus on sustainable and nutritious formulations to support the health and growth of fish in controlled environments.
Industries are increasingly demanding feed products that not only provide the necessary nutrients but also contribute to sustainability efforts. As the global food industry evolves, there is a heightened emphasis on reducing the environmental footprint of feed production. In response, South Korean manufacturers are adopting eco-friendly ingredients and incorporating more plant-based proteins into both livestock and aquaculture feeds. These trends are reshaping the Feed + Aquafeed Market by aligning with global sustainability goals.
Furthermore, the South Korean government has implemented policies to support the development of the Feed + Aquafeed Market, including subsidies for feed production and aquaculture technology. This has encouraged companies to innovate and improve feed formulations, ensuring better productivity and higher yields in aquaculture farms. Demand is also being driven by advancements in fish farming practices, with increased use of probiotics and additives to enhance the nutritional value of feed, optimize growth rates, and improve fish health.
As the Feed + Aquafeed Market continues to grow, industry players must focus on improving feed efficiency, addressing environmental concerns, and meeting the diverse nutritional needs of both terrestrial and aquatic animals. The ongoing shift towards more sustainable, nutritious feed products is expected to remain a key driver of the market in the coming years, ensuring that South Korea remains a global leader in animal feed production.
Get an In-Depth Research Analysis of the South Korea Feed + Aquafeed Market Size And Forecast [2025-2032]
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CP Group
Cargill
New Hope Group
Purina Animal Nutrition
Wens Food Group
BRF
Tyson Foods
East Hope Group
JA Zen-Noh
Twins Group
ForFarmers
Nutreco
Haid Group
NACF
Tongwei Group
Yuetai Group
TRS
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Feed + Aquafeed Market
Complete Feed
Supplemental Feed
Medicated Feed
Plant-based Ingredients
Animal-based Ingredients
Marine Ingredients
Other Ingredients (like probiotics, enzymes)
Pellets
Meals
Liquids
Granules
Aquaculture (Fish)
Aquaculture (Crustaceans)
Poultry
Pigs
Cattle
Online Retail
Offline Retail
Direct Sales
Distributors and Wholesalers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Feed + Aquafeed Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Feed + Aquafeed Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Feed + Aquafeed Market, By Type
6. South Korea Feed + Aquafeed Market, By Application
7. South Korea Feed + Aquafeed Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Feed + Aquafeed Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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