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Indian Shrimp Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Outlook 2022-2027

The Indian shrimp feed market reached a value of US$ 1.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2027, exhibiting a CAGR of 19.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Shrimp feed is formulated using soybean meal, cereal flour, fish and squid meal, lecithin, and yeast that help meet the nutritional requirements of farmed shrimp. It is fortified with the required levels of essential amino acids, vitamins, minerals, fatty acids, carbohydrates, and nutrients. It helps improve shrimp production and profits and minimizes the environmental pollution from shrimp farming. At present, several product manufacturers are focusing on introducing premium shrimp feed with enhanced water stability, nutrition density, and palatability. 

 

 
 

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Indian Shrimp Feed Market Trends:

The rising prevalence of obesity, eye problems, cardiovascular diseases, and skin cancer is catalyzing the demand for shrimp in India. This, along with the rising consumption of seafood due to the increasing awareness among individuals about the health benefits associated with seafood consumption, is contributing to the market growth. In addition, the easy availability of healthy and disease-free shrimp represents one of the key factors driving the demand for shrimp feed in the country. Apart from this, India is one of the biggest exporters of fresh and frozen shrimp products worldwide due to the easy availability of land and labor and comparatively lower shrimp farming cost. The inflating disposable income levels and rising expenditure capacity of individuals are also strengthening the market growth. This, in confluence with the increasing utilization of shrimp in the food and beverage (F&B) industry, is creating a positive outlook for the market. Additionally, the rising popularity of regional and international cuisines, coupled with the emerging trend of food vlogging, is driving the demand for shrimp products in the country. Furthermore, the Government of India (GoI) is introducing numerous initiatives to promote organic shrimp farming practices due to increasing environmental concerns, which is offering lucrative growth opportunities to market players operating in the country. Moreover, several manufacturers are introducing shrimp feed formulated without artificial ingredients. They are also focusing on strategic collaborations with international players to launch innovative product variants in different packaging solutions. The expansion of online and offline distribution channels selling a wide range of shrimp feeds is expected to propel the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian shrimp feed market, along with forecasts at the country and state level from 2022-2027. Our report has categorized the market based on type, ingredient, and additives.

Breakup by Type:

 

 
 

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  • Starter Grade
  • Grower Grade
  • Finisher Grade
     

The grower grade currently dominates the market as it finds extensive applications in formulating shrimp feed to improve shrimp production and increase profits.

Breakup by Ingredient:

  • Fish Meal
  • Fish Oil
  • Wheat Flour
  • Soybean
  • Others
     

Wheat flour is the main ingredient used in preparing shrimp feed as it is a good source of carbohydrates and the gluten content of the flour acts as a natural binder in aquatic feed.

Breakup by Additives:

  • Vitamin and Protein
  • Fatty Acid
  • Antibiotics
  • Antioxidant
  • Feed Enzyme and Others
     

Vitamin and protein exhibit a clear dominance in the market as they help improve the quality of feed and enhance the feed intake, stability, and better shrimp growth.

Regional Insights:

  • Andhra Pradesh
  • West Bengal
  • Tamil Nadu and Pondicherry
  • Gujarat
  • Odisha
  • Maharashtra
  • Others
     

Andhra Pradesh enjoys the leading position in the market as it is the largest producer and exporter of shrimp in the country.

Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players.

This report provides a deep insight into the Indian shrimp feed market covering all its essential aspects. This ranges from a 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion, Tons
Segment Coverage Type, Ingredient, Additives, State
States Covered  Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, Maharashtra, Others
Customization Scope 10% Free Customization
              Report Price and Purchase Option       Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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)

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    Indian Shrimp Feed Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Production Capacity Trends
        5.2.2    Volume Trends
        5.2.3    Value Trends
    5.3    Impact of COVID-19
    5.4    Price Analysis
        5.4.1    Key Price Indicators
        5.4.2    Price Structure
        5.4.3    Price Trends
    5.5    Market Breakup by Type
    5.6    Market Breakup by Ingredient
    5.7    Market Breakup by Additives
    5.8    Market Breakup by Region
    5.9    Import and Export
    5.10    Market Forecast
    5.11   SWOT Analysis
        5.11.1    Strengths
        5.11.2    Weaknesses
        5.11.3    Opportunities
        5.11.4    Threats
    5.12    Value Chain Analysis
        5.12.1    Overview
        5.12.2    Input Suppliers
        5.12.3    Shrimp Feed Manufacturers
        5.12.4    Marketing
        5.12.5    Distribution
        5.12.6    Exports
        5.12.7    End-Use
    5.13    Porters Five Forces Analysis
        5.13.1    Overview
        5.13.2    Bargaining Power of Buyers
        5.13.3    Bargaining Power of Suppliers
        5.13.4    Degree of Rivalry
        5.13.5    Threat of New Entrants
        5.13.6    Threat of Substitutes
6   India Shrimp Feed Market: Breakup by Type
    6.1    Starter Grade
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Grower Grade
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Finisher Grade
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   India Shrimp Feed Market: Breakup by Ingredient
    7.1    Fish Meal
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fish Oil
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Wheat Flour
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Soybean
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   India Shrimp Feed Market: Breakup by Additives
    8.1    Vitamin and Protein
        8.1.1 Market Trends       
        8.1.2 Market Forecast
    8.2    Fatty Acid
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Antibiotics
        8.3.1 Market Trends       
        8.3.2 Market Forecast
    8.4    Antioxidant
        8.4.1 Market Trends
        8.4.2 Market Forecast
   8.5    Feed Enzyme and Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   India Shrimp Feed Market: Performance of Key Regions
    9.1    Andhra Pradesh
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    West Bengal
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Tamil Nadu and Pondicherry
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Gujarat
        9.4.1 Market Trends
       9.4.2 Market Forecast
    9.5    Odisha
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Maharashtra
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10  Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players

List of Figures
 
Figure 1: India: Shrimp Feed Market: Major Drivers and Challenges
Figure 2: India: Shrimp Feed Market: Production Capacity Trends (in Tons), 2016-2021
Figure 3: India: Shrimp Feed Market: Capacity Utilization (in %), 2016-2021
Figure 4: India: Shrimp Feed Market: Consumption Volume (in Tons), 2016-2021
Figure 5: India: Shrimp Feed Market: Production Volume (in Tons), 2016-2021
Figure 6: India: Shrimp Feed Market: Consumption Value (in Billion US$), 2016-2021
Figure 7: India: Shrimp Feed Market: Production Value (in Billion US$), 2016-2021
Figure 8: India: Shrimp Feed Market: Average Prices (in US$/Kg), 2016-2021
Figure 9: India: Shrimp Feed Market: Breakup by Type (in %), 2021
Figure 10: India: Shrimp Feed Market: Breakup by Ingredient (in %), 2021
Figure 11: India: Shrimp Feed Market: Breakup by Additives (in %), 2021
Figure 12: India: Shrimp Feed Market: Breakup by Region (in %), 2021
Figure 13: India: Shrimp Feed Market: Export Volume (in Tons), 2015 - 2020
Figure 14: India: Shrimp Feed Market: Import Volume (in Tons), 2015 - 2020
Figure 15: India: Shrimp Feed Market Forecast: Production Capacity Trends (in Tons), 2022-2027
Figure 16: India: Shrimp Feed Market Forecast: Capacity Utilization (in %), 2022-2027
Figure 17: India: Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 18: India: Shrimp Feed Market Forecast: Consumption Value (in Billion US$), 2022-2027
Figure 19: India: Shrimp Feed Market Forecast: Production Volume (in Tons), 2022-2027
Figure 20: India: Shrimp Feed Market Forecast: Production Value (in Billion US$), 2022-2027
Figure 21: India: Shrimp Feed Industry: SWOT Analysis
Figure 22: India: Shrimp Feed Industry: Value Chain Analysis
Figure 23: India: Shrimp Feed Industry: Porter’s Five Forces Analysis
Figure 24: India: Starter Type Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 25: India: Starter Type Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 26: India: Grower Type Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 27: India: Grower Type Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 28: India: Finisher Type Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 29: India: Finisher Type Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 30: India: Fish Meal Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 31: India: Fish Meal Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 32: India: Fish Oil Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 33: India: Fish Oil Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 34: India: Wheat Flour Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 35: India: Wheat Flour Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 36: India: Soybean Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 37: India: Soybean Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 38: India: Other Ingredient Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 39: India: Other Ingredient Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 40: India: Vitamin and Protein Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 41: India: Vitamin and Protein Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 42: India: Fatty Acid Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 43: India: Fatty Acid Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 44: India: Antibiotics Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 45: India: Antibiotics Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 46: India: Antioxidant Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 47: India: Antioxidant Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 48: India: Feed Enzyme and Other Additive Based Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 49: India: Feed Enzyme and Other Additive Based Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 50: Andhra Pradesh: Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 51: Andhra Pradesh: Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 52: West Bengal: Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 53: West Bengal: Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 54: Tamil Nadu and Pondicherry: Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 55: Tamil Nadu and Pondicherry: Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 56: Gujarat: Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 57: Gujarat: Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 58: Odisha: Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 59: Odisha: Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 60: Maharashtra: Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 61: Maharashtra: Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 62: Others: Shrimp Feed Market: Consumption Volume (in Tons), 2016 & 2021
Figure 63: Others: Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2022-2027
Figure 64: India: Shrimp Feed Market: Breakup by Key Players (in %), 2021

List of Tables

Table 1: India: Shrimp Feed Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Shrimp Feed Market Forecast: Breakup by Type (in Tons), 2022-2027
Table 3: India: Shrimp Feed Market Forecast: Breakup by Ingredient (in Tons), 2022-2027
Table 4: India: Shrimp Feed Market Forecast: Breakup by Additives (in Tons), 2022-2027
Table 5: India: Shrimp Feed Market Forecast: Breakup by Region (in Tons), 2022-2027
Table 6: India: Shrimp Feed Market: Competitive Landscape
Table 7: India: Shrimp Feed Market: Key Players


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Key Questions Answered in This Report

The Indian shrimp feed market was valued at US$ 1.2 Billion in 2021.

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 grower 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, wheat flour 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 exhibits a clear dominance in the market.

On a regional level, the market has been classified into Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, Maharashtra, and others, where Andhra Pradesh currently dominates the Indian shrimp feed market.

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