The India aquafeed market grew at a CAGR of around 8% during 2015-2020. India represents one of the leading aquaculture markets across the globe on account of the rich biodiversity of aquatic species. Consequently, there is a high demand for aquafeed in the country to meet the growing need of aquaculture farmers and the expanding export businesses.
With increasing disposable incomes, growing health consciousness and improving cold chain facilities, seafood sales have expanded from local wet markets to organized retail channels, such as supermarkets. This represents one of the key factors fueling the growth of the aquafeed market in India. Moreover, the growing trend of natural and organic feeds has prompted manufacturers to incorporate high-quality raw materials that offer functional advantages and lower the usage of synthetic components. They are also enhancing the stability of feed pellets, reducing fine proportion, and improving pellets density and extension. Another major factor driving the industry growth is t significant shift from homemade feed to commercially available product variants. Along with enhancing the bioavailability of various nutrients, the commercial feed also helps in reducing environmental pollution and increasing profit margins. Furthermore, the Government of India is offering various subsidies for fish and shrimp farmers, which in turn is stimulating the growth of the aquafeed industry. On account of these factors, the India aquafeed market is expected to continue its moderate growth during the forecast period (2021-2026).
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India aquafeed market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, species, ingredients, additives and product form.
Breakup by Species:
- Carp Feeds
- Marine Shrimps
- Tilapias
- Catfishes
- Marine Fishes
- Salmons
- Freshwater (FW) Crustaceans
- Trouts
- Others
Breakup by Ingredients:
- Soybean
- Corn
- Fish Meal
- Fish Oil
- Additives
- Others
Breakup by Additives:
- Vitamins and Minerals
- Antioxidants
- Feed Enzymes
- Others
Breakup by Product Form:
- Pellets
- Extruded
- Powdered
- Liquid
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Questions Answered in This Report:
- How has the India aquafeed market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India aquafeed market?
- What are the key regional markets?
- What is the breakup of the market based on the species?
- What is the breakup of the market based on the ingredients?
- What is the breakup of the market based on the additives?
- What is the breakup of the market based on the product form?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the India aquafeed market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Aquafeed Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Species
6.1 Carp Feeds
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Marine Shrimps
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Tilapias
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Catfishes
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Marine Fishes
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Salmons
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Freshwater (FW) Crustaceans
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Trouts
6.8.1 Market Trends
6.8.2 Market Forecast
6.9 Others
6.9.1 Market Trends
6.9.2 Market Forecast
7 Market Breakup by Ingredients
7.1 Soybean
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Corn
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Fish Meal
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Fish Oil
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Additives
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Additives
8.1 Vitamins and Minerals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Antioxidants
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Feed Enzymes
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Product Form
9.1 Pellets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Extruded
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Powdered
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Liquid
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North India
10.1.1 Market Trends
10.1.2 Market Breakup by State
10.1.3 Market Forecast
10.2 West and Central India
10.2.1 Market Trends
10.2.2 Market Breakup by State
10.2.3 Market Forecast
10.3 South India
10.3.1 Market Trends
10.3.2 Market Breakup by State
10.3.3 Market Forecast
10.4 East India
10.4.1 Market Trends
10.4.2 Market Breakup by State
10.4.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Policy and Regulatory Landscape
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
List of Figures
Figure 1: India: Aquafeed Market: Major Drivers and Challenges
Figure 2: India: Aquafeed Market: Sales Value (in Million US$), 2015-2020
Figure 3: India: Aquafeed Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: India: Aquafeed Market: Breakup by Species (in %), 2020
Figure 5: India: Aquafeed Market: Breakup by Ingredients (in %), 2020
Figure 6: India: Aquafeed Market: Breakup by Additives (in %), 2020
Figure 7: India: Aquafeed Market: Breakup by Product Form (in %), 2020
Figure 8: India: Aquafeed Market: Breakup by Region (in %), 2020
Figure 9: India: Aquafeed (Carp Feeds) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: India: Aquafeed (Carp Feeds) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: India: Aquafeed (Marine Shrimps) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: India: Aquafeed (Marine Shrimps) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: India: Aquafeed (Tilapias) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: India: Aquafeed (Tilapias) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: India: Aquafeed (Catfishes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: India: Aquafeed (Catfishes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: India: Aquafeed (Marine Fishes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: India: Aquafeed (Marine Fishes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: India: Aquafeed (Salmons) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: India: Aquafeed (Salmons) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: India: Aquafeed (Freshwater Crustaceans) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: India: Aquafeed (Freshwater Crustaceans) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: India: Aquafeed (Trouts) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: India: Aquafeed (Trouts) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: India: Aquafeed (Other Species) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: India: Aquafeed (Other Species) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: India: Aquafeed (Soybean) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: India: Aquafeed (Soybean) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: India: Aquafeed (Corn) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: India: Aquafeed (Corn) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: India: Aquafeed (Fish Meal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: India: Aquafeed (Fish Meal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: India: Aquafeed (Fish Oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: India: Aquafeed (Fish Oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: India: Aquafeed (Additives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: India: Aquafeed (Additives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: India: Aquafeed (Other Ingredients) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: India: Aquafeed (Other Ingredients) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: India: Aquafeed (Vitamins and Minerals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: India: Aquafeed (Vitamins and Minerals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: India: Aquafeed (Antioxidants) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: India: Aquafeed (Antioxidants) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Aquafeed (Feed Enzymes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Aquafeed (Feed Enzymes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: India: Aquafeed (Other Additives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: India: Aquafeed (Other Additives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: India: Aquafeed (Pellets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: India: Aquafeed (Pellets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: India: Aquafeed (Extruded) Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: India: Aquafeed (Extruded) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: India: Aquafeed (Powdered) Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: India: Aquafeed (Powdered) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: India: Aquafeed (Liquid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: India: Aquafeed (Liquid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: North India: Aquafeed Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: North India: Aquafeed Market: Breakup by State (in %), 2020
Figure 57: North India: Aquafeed Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: West and Central India: Aquafeed Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: West and Central India: Aquafeed Market: Breakup by State (in %), 2020
Figure 60: West and Central India: Aquafeed Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: South India: Aquafeed Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: South India: Aquafeed Market: Breakup by State (in %), 2020
Figure 63: South India: Aquafeed Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: East India: Aquafeed Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: East India: Aquafeed Market: Breakup by State (in %), 2020
Figure 66: East India: Aquafeed Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: India: Aquafeed Industry: SWOT Analysis
Figure 68: India: Aquafeed Industry: Value Chain Analysis
Figure 69: India: Aquafeed Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Aquafeed Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Aquafeed Market Forecast: Breakup by Species (in Million US$), 2021-2026
Table 3: India: Aquafeed Market Forecast: Breakup by Ingredients (in Million US$), 2021-2026
Table 4: India: Aquafeed Market Forecast: Breakup by Additives (in Million US$), 2021-2026
Table 5: India: Aquafeed Market Forecast: Breakup by Product Form (in Million US$), 2021-2026
Table 6: India: Aquafeed Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: India: Aquafeed Market: Competitive Structure
Table 8: India: Aquafeed Market: Key Players