India Aquafeed Market Report 2022 | Demand, Share, Trends and Forecast 2027

According to the latest report by IMARC Group, "India Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", 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.

Aquafeed is prepared from a mix of fish and plant-based raw materials and it provides essential nutrients, including proteins, oils, vitamins, and minerals, and conserves finite marine resources. It assists in alleviating the effects of stress, reducing susceptibility to disease, and strengthening immunity. Consequently, the demand for aquafeed is rising across India.

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Market Trends

The increasing farming of aquatic animals represents one of the major factors strengthening the market growth in India. In addition, the Government of India (GoI) is undertaking several initiatives to promote sustainable fish farming methods and enhance aquafeed productivity, which is contributing to the market growth. Apart from this, aquatic farmers are adopting advanced equipment to analyze fish behavior and monitor the water. Furthermore, the growing consumption of seafood on account of the increasing awareness among individuals about its health benefits, along with the rising prevalence of chronic diseases, is creating a positive outlook for the market in the country.

Competitive Landscape:

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

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

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