Extracts and juices of meat, fish and aquatic invertebrates market in Asia

Earlier Report Observations

The market for extracts and juices of meat, fish and aquatic invertebrates in Asia underwent a pronounced contraction from 45 797 t in 2018 to 20 443 t in 2020. This decline aligned with the growing prevalence of aquatic animal diseases, which began to impact aquaculture production, and significant price volatility for marine-based proteins and plant extracts that affected production costs and margins.

A sustained recovery commenced in 2021, reaching a market volume of 30 617 t by 2023. This turnaround was primarily driven by the entry of new players and the expansion of production facilities, supported by government incentives and investments. Concurrent legislative changes that enhanced industry standards, alongside a consumer shift towards sustainable and traceable seafood products, bolstered demand. The market's expansion in 2023 was further aided by increased fresh catch supply from specialized licensed vessels and the emergence of new product segments such as aquatic snacks and functional feed additives.

Throughout the period, continuous innovation in feed technology, including the application of probiotics, prebiotics, enzymes, and natural extracts, improved feed efficiency and disease resistance in aquaculture. Evolving regulatory focus on labeling, traceability, and quality control consistently shaped market access and consumer trust.

Production extracts and juices of meat, fish and aquatic invertebrates in Asia

In kind, 2017-2020, t

Top producers of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

World map of production of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

Asia's production of extracts and juices of meat, fish, and aquatic invertebrates has declined for the second year in a row. In 2020, the region produced 22 313 tonnes, marking a sharp drop of 44.5% compared to 2019. Looking at the period from 2017 to 2020, production fell by 45%, which translates to an average annual decrease of 18.1%. The highest production level was recorded in 2018 at 41 294 tonnes, with the largest increase that year at 1.8%.

Annual dynamics of production in Asia in kind, 2017-2020, t

Exports extracts and juices of meat, fish and aquatic invertebrates from Asia

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Exports hit their lowest point in 2017 and peaked in 2019, with a 3.9-fold difference between these years. In 2020, Asia exported 15 454 tonnes of extracts and juices of meat, fish, and aquatic invertebrates, representing a sudden decline of 30.5% compared to 2019. The maximum export volume was recorded in 2019 at 22 229 tonnes, with the largest increase that year at 233.7%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, t

From 2017 to 2020, three main markets—the United States, Italy, and Asia, not elsewhere specified—together accounted for 7.4% of Asia's total exports in kind of extracts and juices of meat, fish, and aquatic invertebrates.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Asia in kind, 2017-2020

Exports in value, K $ US

Asia's exports of extracts and juices of meat, fish, and aquatic invertebrates in value terms have increased for the third consecutive year. In 2020, exports reached 97 926 thousand US dollars, showing a steep rise of 49.2% compared to 2019. Between 2017 and 2020, exports grew by 83.7%, equating to an average annual growth rate of 22.5%.

Annual dynamics of product's exports from Asia in value, 2017-2020, K $ US

Over the period 2017–2020, the United States and Asia, not elsewhere specified remained the key destinations for exports in value terms, together accounting for 11.1% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Asia in value, 2017-2020

Imports extracts and juices of meat, fish and aquatic invertebrates to Asia

Imports in kind, t

After a two-year decline, Asia's imports of extracts and juices of meat, fish, and aquatic invertebrates in kind have increased. In 2020, imports totaled 13 583 tonnes, indicating a strong rise of 22.1% compared to the previous year. From 2017 to 2020, imports grew by 10.7%, with a compound annual growth rate of 3.4%. The lowest import volume was recorded in 2019 at 11 126 tonnes, while the largest decline occurred in 2018 at 9.0%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, t

In the period 2017–2020, the partner landscape for imports in kind was diverse. New Zealand (6.5% of imports in kind), Australia (6.1%), and the United States (2.0%) together made up only 14.6% of total import flows, with the remaining 85.4% coming from many other countries.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Asia in kind, 2017-2020

Imports in value, K $ US

Asia imported approximately 87 292 thousand US dollars worth of extracts and juices of meat, fish, and aquatic invertebrates in 2020, showing a slight uptick of 2.3% compared to the previous year. Between 2017 and 2020, imports increased by 11.3%, equating to an average annual growth rate of 3.6%. The highest import value was recorded in 2018 at 92 018 thousand US dollars, with the largest decline in 2019 at 7.2% and the largest increase in 2018 at 17.3%.

Annual dynamics of product's imports to Asia in value, 2017-2020, K $ US

The market base for imports in value terms from 2017 to 2020 was broad. Asia, not elsewhere specified (9.7% of imports in value terms), New Zealand (9.6%), and Australia (8.2%) jointly accounted for just 27.5% of total import flows, while the remaining 72.5% was shared by numerous other countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Asia in value, 2017-2020