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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.
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.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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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
For more information about this report visit: https://www.imarcgroup.com/india-aquafeed-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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