Following the highly regarded annual Global Feed Survey and based on several industry requests, Alltech has completed a deeper dive into analysing the growing aquaculture feed sector and the increased finisher feed prices worldwide.
“Aquaculture is the fastest growing segment of the feed industry,” said Aidan Connolly, Alltech’s chief innovation officer and vice president of corporate accounts.
“According to the Food and Agriculture Organisation, fish consumption now exceeds beef consumption per capita, and farmed fish now exceed wild caught. The scale of the industry is leading many policymakers to question practices and methods, particularly in regard to sustainability.
“When we published our 2016 Global Feed Survey, we were presented with more questions regarding the aquaculture sector than any other species,” continued Mr Connolly.
“This was further indication that aqua generates a lot of interest. No one else has investigated the aquaculture industry in this way and we thought it was time to fulfil that need.”
In 2015, China led global aquaculture feed production with 17.3 million tonnes at an average cost per finisher diet of US$850. Vietnam and Norway followed with 2.8 and 1.789 million tonnes, respectively; however, the average finisher diets were much higher in cost, with Vietnam at US$1333 and Norway at US$1100.
The most expensive finisher diets originated from the Asia-Pacific region, with Korea at US$1800 and Japan at US$1700. Nearly 50 percent of survey responses indicated their region’s aqua finisher diets were more than US$1000 on average.
“Essentially, it comes down to imported raw materials,” explained Mr Connolly.
“What is produced locally is often in a protected marketplace regulated by government tariffs. The high feed prices in this region, in particular Japan, are reflected in other species as well, such as swine and poultry.”
Shrimp accounted for 21 percent of aqua feed production worldwide, with 82 percent coming from Asia (India at 66 percent, Thailand at 42 percent and Indonesia at 33 percent). Salmon feed production represented 11 percent of total aqua feed production, and at 52 percent, Europe was the number one player in this species sector.
Other top species in terms of feed production include:
“We found that in Brazil, a major portion of feed production was not allocated to the typical species produced by many other countries,” said Mr Connolly.
“It turns out that over 40 percent of Brazil’s feed production is allocated to a variety of local, Amazonian species, such as Pacu, Tambaqui, Tambacu and Tambatinga.”
Alltech’s overall 2016 Global Feed Survey estimated international feed tonnage is now at 995.6 million metric tons, a percent increase over last year and a 14 percent increase since Alltech first published Global Feed Survey results in 2011. The analysis of five-year trends showed growth predominantly from the pig, poultry and aqua feed sectors.
“Aquaculture is the fastest growing segment of the feed industry,” said Aidan Connolly, Alltech’s chief innovation officer and vice president of corporate accounts.
“According to the Food and Agriculture Organisation, fish consumption now exceeds beef consumption per capita, and farmed fish now exceed wild caught. The scale of the industry is leading many policymakers to question practices and methods, particularly in regard to sustainability.
“When we published our 2016 Global Feed Survey, we were presented with more questions regarding the aquaculture sector than any other species,” continued Mr Connolly.
“This was further indication that aqua generates a lot of interest. No one else has investigated the aquaculture industry in this way and we thought it was time to fulfil that need.”
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| According to the Alltech 2016 Aquaculture Feed Survey, China was the number one aqua feed producer with 17.3 million tonnes at an average cost per finisher diet of US$850 |
In 2015, China led global aquaculture feed production with 17.3 million tonnes at an average cost per finisher diet of US$850. Vietnam and Norway followed with 2.8 and 1.789 million tonnes, respectively; however, the average finisher diets were much higher in cost, with Vietnam at US$1333 and Norway at US$1100.
The most expensive finisher diets originated from the Asia-Pacific region, with Korea at US$1800 and Japan at US$1700. Nearly 50 percent of survey responses indicated their region’s aqua finisher diets were more than US$1000 on average.
“Essentially, it comes down to imported raw materials,” explained Mr Connolly.
“What is produced locally is often in a protected marketplace regulated by government tariffs. The high feed prices in this region, in particular Japan, are reflected in other species as well, such as swine and poultry.”
Shrimp accounted for 21 percent of aqua feed production worldwide, with 82 percent coming from Asia (India at 66 percent, Thailand at 42 percent and Indonesia at 33 percent). Salmon feed production represented 11 percent of total aqua feed production, and at 52 percent, Europe was the number one player in this species sector.
Other top species in terms of feed production include:
- Carp (China at 62 percent)
- Catfish (US at 40 percent, Vietnam at 36 percent and Bangladesh at 35 percent)
- Trout (Peru at 74 percent)
“We found that in Brazil, a major portion of feed production was not allocated to the typical species produced by many other countries,” said Mr Connolly.
“It turns out that over 40 percent of Brazil’s feed production is allocated to a variety of local, Amazonian species, such as Pacu, Tambaqui, Tambacu and Tambatinga.”
Alltech’s overall 2016 Global Feed Survey estimated international feed tonnage is now at 995.6 million metric tons, a percent increase over last year and a 14 percent increase since Alltech first published Global Feed Survey results in 2011. The analysis of five-year trends showed growth predominantly from the pig, poultry and aqua feed sectors.
See the complete results of the Alltech 2016 Aquaculture Feed Survey, with data and analyses HERE.
The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine GFMT
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