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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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