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The Indian shrimp feed market reached a value of US$ 1.05 Billion in 2020. Looking forward, the market is expected to exhibit strong growth during 2021-2026. Shrimp feed is produced in order to meet the nutritional requirements of farmed shrimps. It helps in maintaining the required levels of essential amino acids, vitamins, minerals, fatty acids and other important nutrients. Some of the common ingredients used in shrimp feed include fish and squid meal, lecithin, fish oil, cereal flour and other essential and propriety additives. The use of good quality feed helps in improving the shrimp production, profits, and minimising the environmental pollution generated from shrimp farming.
One of the primary factors catalysing the growth of the Indian shrimp feed market is the massive marine wealth in India that sustains the development of the aquaculture industry. In addition, the market is also influenced by the commercialisation of vannamei shrimp, supported by a sustained demand from both the developed and developing countries. The production and export of vannamei has overtaken native species of shrimps like black tiger which were farmed dominantly till 2003. This acts as another factor facilitating the demand for shrimp feed. Moreover, the availability of improved product varieties and a shift towards the usage of commercially produced shrimp feed have further contributed towards the growth of this market
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian shrimp feed market report, along with forecasts for growth at the regional and state level from 2021-2026. Our report has categorized the market based on region, type, ingredient and additives.
Breakup by Type:
Based on type, the market has been segmented as starter grade, grower grade and finisher grade. Currently, starter grade dominates the market, holding the largest share in the Indian shrimp feed market.
Breakup by Ingredient:
On the basis of ingredient, fishmeal represents the largest segment, followed by fish oil, wheat flour, soybean meal and others.
Breakup by Additives:
Based on additives, the market is segregated as vitamin and protein, fatty acid, antibiotics, antioxidants and feed enzyme. Amongst these, vitamins and proteins exhibit a clear dominance in the market.
Region-wise, the market has been segmented into Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Orissa, and Maharashtra. Amongst these, Andhra Pradesh is the leading market, accounting for majority of the market share.
This report provides a deep insight into the Indian shrimp feed market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian shrimp feed industry in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Ingredient, Additives, Region|
|Region Covered||Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Orissa, and Maharashtra|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 1999
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Corporate License: US$ 2999
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The Indian shrimp feed market was valued at US$ 1.05 Billion in 2020.
The expanding aquaculture sector, along with the rising consumption of protein-rich food products, represent some of the factors driving the Indian shrimp feed market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in the nation resulting in temporary halt in numerous aquaculture practices, thereby negatively impacting the demand for shrimp feed.
Based on the type, the Indian shrimp feed market can be divided into starter grade, grower grade, and finisher grade, where starter grade currently accounts for the highest market share.
Based on the ingredient, the Indian shrimp feed market has been segmented into fish meal, fish oil, wheat flour, soybean, and others. Among these, fish meal currently holds the largest share.
Based on the additives, the Indian shrimp feed market can be bifurcated into vitamin and protein, fatty acid, antibiotics, antioxidant, feed enzyme and others. Currently, vitamin and protein exhibit a clear dominance in the market.
On a regional level, the market has been classified into Andhra Pradesh, West Bengal, Tamil Nadu & Pondicherry, Gujarat, Orissa, Maharashtra, and others, where Andhra Pradesh currently dominates the Indian shrimp feed market.
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