Market Overview:

The India aquafeed market size reached 1.4 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 2.6 Million Tons by 2027, exhibiting a growth rate (CAGR) of 10.07% during 2022-2027.

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.

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 at the country and regional level from 2022-2027. Our report has categorized the market based on 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.

Report Coverage:

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?