Top 8 Aquafeed Companies in India

The India aquafeed market reached a volume of 1.8 Million Tons in 2023. As per the analysis by IMARC Group, the top companies in the India aquafeed market are focusing on branding and marketing strategies. Moreover, the increasing demand for seafood, including fish and shrimp, is driving the market growth. In line with this, the rising awareness about the health benefits of seafood, as it is a healthy source of high-quality protein, omega-3 fatty acids, and other essential nutrients, is favoring the market growth. Apart from this, manufacturers are focusing on the use of high-quality aquafeed as an important aspect of sustainable aquaculture, as it helps in reducing feed conversion rates, minimizing nutrient waste, and ensuring the efficient use of resources, which is providing an impetus to the market growth. Various technological advancements, such as the adoption of automated feeding systems, smart feeding devices, and real-time monitoring tools that are used to optimize feed delivery based on the nutritional requirements, growth rates, and behavior of aquatic animals, are propelling the market growth. In addition, these technologies help reduce overfeeding, minimize feed waste, and improve feed conversion efficiency, leading to more sustainable and efficient aquaculture operations. Furthermore, the growing demand for aquafeed that meets stringent food safety standards and provides traceability throughout the supply chain is creating a positive outlook for the market. Besides this, key players are incorporating high-quality raw materials that offer functional advantages and lower the usage of synthetic components owing to the growing trend of natural and organic feeds, which in turn is providing a considerable boost to the market. Other factors, increasing focus on food safety, rising expenditure capacities of consumers, growing health consciousness, and improving cold chain facilities, are anticipated to drive the market growth. Looking forward, IMARC Group expects the market volume to reach 3.7 Million Tons by 2032, growing at a CAGR of 8.6% during the forecast period (2024-2032).

Learn about opportunities, challenges, and trends in the Indian Aquafeed market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in Indian Aquafeed Industry:

The India aquafeed market has several major players including Alltech, Avanti Feeds Limited, Cargill Incorporated, Godrej Agrovet Limited (Godrej Industries Limited), Growel Feeds Pvt. Ltd., IB Group, Skretting (Nutreco N.V.) and UNO Feeds. More information about these companies has been provided below.

1. Alltech

Alltech is a global animal health and nutrition company specializing in providing innovative solutions for the animal feed industry, including products that enhance animal health, performance, and environmental sustainability. The company’s product portfolio includes a wide range of animal feed supplements, additives, premixes, yeast-based products, enzymes, and probiotics. These products are designed to optimize animal health and performance, improve feed efficiency, and reduce the use of antibiotics in animal agriculture.

2. Avanti Feeds Limited

Avanti Feeds Limited is a leading aquaculture company based in India that is engaged in the production of scientifically formulated and nutritionally balanced shrimp feed. The company strongly focuses on innovation and technology and has invested in advancements to improve its products and services. The research and development (R&D) activities are focused on developing new products and technologies to improve the efficiency and sustainability of shrimp farming, as well as for enhancing the quality and safety of its products.

3. Cargill Incorporated

Cargill Incorporated is an American multinational corporation engaged in producing, processing, and distributing food, agricultural, financial, and industrial products, and services. It operates in several business segments, including animal nutrition and protein, agricultural supply chains, food and beverage ingredients, and industrial and financial services. The company's animal nutrition and protein segment produces feed and nutrition products for livestock, poultry, and pets and also produces meat and poultry products for food service and retail customers.

4. Godrej Agrovet Limited (Godrej Industries Limited)

Godrej Agrovet Limited is an Indian conglomerate company that produces and distributes agricultural inputs, animal feeds, and processed food products. The company is a subsidiary of Godrej Industries Limited, which is one of India's leading conglomerates, with interests in a wide range of sectors, including consumer goods, real estate, and industrial engineering. Godrej Agrovet operates in several business segments, including animal feed, crop protection, oil palm, dairy, poultry, and processed foods. The animal feed segment of the company produces a range of animal feed products for poultry, cattle, aquaculture, and specialty animal breeds. Moreover, Godrej Agrovet Limited is committed to producing high-quality, safe, and sustainable animal feed products.

5. Growel Feeds Pvt. Ltd.

Growel Feeds Pvt. Ltd. is a leading Indian company engaged in the production and distribution of animal feed products. The company aims to produce high-quality, safe, and sustainable animal feed products and has established several initiatives to promote responsible animal husbandry practices and reduce the environmental impact of animal farming. Growel Feeds Pvt. Ltd.'s product portfolio includes a wide range of animal feed products, including broiler feed, layer feed, cattle feed, and aqua feed. The company's feed products are formulated using the latest research and development techniques to ensure that they meet nutritional requirements.

6. IB Group

IB Group is an agri-business company in India with a diversified portfolio that includes animal feed, poultry farming, and food processing. The company’s animal feed business is focused on producing high-quality, nutritionally balanced feed products for a range of animal species, including poultry, dairy cattle, swine, and aquaculture. IB Group is equipped with the latest technology and equipment to ensure the highest quality and safety standards. The company’s feed products are formulated using the latest research and development techniques and are designed to meet the specific nutritional requirements of different animal species.

7. Skretting (Nutreco N.V.)

Skretting is a manufacturer and supplier of aquaculture feeds with a strong focus on sustainability, innovation, and customer satisfaction. It focuses on producing and supplying a wide range of feed products for different species of fish and shrimp, including salmon, trout, tilapia, catfish, and shrimp. Skretting's feed products are formulated using the latest research and development techniques and are designed to meet the specific nutritional requirements of different fish and shrimp species at different stages of their life cycle.

8. UNO Feeds

UNO Feeds is a producer of high-quality animal feed that produces a wide range of feed products for different animal species, including poultry, swine, cattle, and aquaculture. Its aquaculture feed products are tailored to meet the specific nutritional requirements of different fish and shrimp species. The company's operations are focused on providing high-quality and sustainable feed solutions to animal farmers. Besides this, UNO Feeds research and development (R&D) facilities are equipped with the latest technology and equipment.

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