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Report Overview
The India aquafeed market was valued at USD 1.90 Billion in 2025. The market is expected to grow at a CAGR of 8.00% during the forecast period of 2026-2035 to reach a value of USD 4.10 Billion by 2035. The rising production of aquaculture and the rising commercialization of fish and shrimp farming are providing manufacturers with a boost to enhance production infrastructure within the India aquafeed market.
Key Market Trends and Insights
- Increasing adoption of plant-based and insect-based protein alternatives is driving market expansion.
- Advanced pellet formulations, extruded feeds, and submerged feeding systems improve efficiency and nutrient utilization.
- Initiatives like Make in India and reduced import tariffs for premium seafood encourage market investments.
Market Size & Forecast
- Market Size in 2025: USD 1.90 Billion
- Projected Market Size in 2035: USD 4.10 Billion
- CAGR from 2026 to 2035: 8.00%
The rising usage of species-based nutrition and the gradual transformation in intensive aquafeed farming procedures are facilitating the growth of the Indian aquafeed sector. Manufacturers of feeds are also formulating specific diets that meet the needs of shrimp, carp, tilapia, and other cultured species to enhance feed-to-body ratios, growth rates, and resistance to diseases.
Meanwhile, farmers are moving to semi-intensive and intensive production systems that rely heavily on nutritionally balanced commercial feed to ensure that they can maintain higher stocking density. With the trend in modernization of aquaculture activities and the production of high productivity as the area of emphasis, the demand for technologically enhanced feeds is gradually increasing, thus creating India aquafeed market opportunities.
The increasing number of feed companies is building more feed facilities and upgrading feed mills to provide a regular supply of nutritionally balanced feeds depending on the aquaculture species. The production of specialty aquafeeds is being made possible through advanced manufacturing centers, which have extrusion and pelletizing technologies and serve to enhance agricultural growth, feed efficiency, and farm productivity. The developments are also enhancing supply chains as they enhance the availability of the feeds in the key aquaculture centers in India. Considering the same, in February 2023, Skretting opened a EUR 18.5 million shrimp and fish feed aquafeed plant in Mangrol, Surat, which has an annual capacity of approximately 50,000 metric tons of shrimp and fish feed to cater to the domestic and export markets. These investments are strengthening production capacities and promoting growth in the India aquafeed market.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Compound Annual Growth Rate
8%
Value in USD Billion
2026-2035
*this image is indicative*
Key Trends and Recent Developments
Strategic Acquisitions Expanding Market Footprint of Domestic Players
The competitive environment of the industry is becoming increasingly strong due to industry consolidation, whereby firms are acquiring established businesses in order to boost their production capacity and distribution channels. The acquisitions give access to feed formulations, manufacturing infrastructure, and farmer relationships, which also allow quick entry into the markets. In line with this, in August 2025, IFB Agro Industries entered into a business transfer agreement with Cargill India to buy their shrimp and freshwater fish feed business in Andhra Pradesh for a value of approximately INR 110 crore. Ranching helps in scaling domestic feed production in the aquafeed market of India.
Rising Investments in Integrated Aquaculture Ecosystems
The aquaculture investment is also on the rise, with companies establishing infrastructure in the aquafeed market, which involves integration of farming, feed production, and research. These combined chains advance feed efficiency, enhance supply chains, and are innovative in aquaculture nutrition. As an example of this trend, in February 2025, Aqua Bridge Group announced it was going to construct a large-scale aquaculture hub in Unnao, India, with an aquafeed mill, aquaculture farm, and research center. These developments are sustaining end-to-end aquaculture systems and the augmentation of sophisticated feed solutions in the India aquafeed market.
Continuous Product Innovation in Functional Aquafeeds
Innovation of products is one of the key factors that favor the growth of the Indian market with the creation of functional feeds that enhance resistance to diseases, growth rates, and feed ratios. Complex formulas with specialized nutrients and added health promoters are assisting farmers with disease issues and productivity. Aligning with this market trend, in April 2024, Skretting released Armis, a functional shrimp feed that is intended to enhance resiliency and productivity in disease-prone agricultural systems. These innovations are promoting the use of performance-oriented feed products, further accelerating the demand in the India aquafeed market.
Technology and Data-Driven Aquaculture Improving Feed Efficiency
Digital technologies have been integrated into the aquaculture operations that are improving feed management practices and productivity in the India aquafeed market. Accurate feeding systems, farm intelligence systems, and real-time monitoring systems are helping farmers optimize their feed ratios and minimize waste of feed. These kinds of technology-based strategies are promoting the use of optimally nutritionally formulated feed products. For example, in July 2025, aquaculture analytics company Shrimpl raised Pre-Series A to grow its Indian-based digital aquaculture operations to optimize shrimp farm productivity and feed efficiency.
Industry Partnerships and Awareness Initiatives Supporting Market Expansion
Collaborations between aquafeed companies and industry organizations are encouraging knowledge sharing and supporting the sustainable development of aquaculture in India. Such partnerships usually involve training of farmers, campaigns about the benefits of aquaculture nutrition, and industry involvement activities. For example, in May 2025, Skretting India joined the initiative of Right to Protein to organize the Shrimp-a-thon awareness campaign in Bhimavaram, where farmers and industry experts were invited to popularize shrimp as a sustainable source of protein and use it to support the development of aquaculture.
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India Aquafeed Industry Segmentation
The EMR’s report titled “India Aquafeed Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Ingredient
- Soybean
- Fish Meal
- Corn
- Fish Oil
- Additives
- Others
Key Insight: The choice of ingredients is vital in the formulation of feeds in the Indian aquafeed sector in both nutritional quality and economic efficiency. Soybean is a common source of plant protein, and fish meal helps maintain a high-protein diet among shrimps and carnivorous fish. Corn is usually used as an energy component, but fish oil is a source of fatty acids necessary for the growth and health of fish. Additives help to increase the performance and digestibility of the feed, and some of them contain alternative plant proteins. Several corporations like Avanti Feeds and Growel Feeds are starting to use more sustainable ingredients to enhance feed efficiency and decrease the use of marine resources.
Market Breakup by Additives
- Antioxidants
- Vitamins and Minerals
- Feed Enzymes
- Others
Key Insight: The additives are becoming even more significant in enhancing feed performance and the health of aquatic animals in the India aquafeed market. To preserve the stability of the feed and inhibit nutrient loss, antioxidants are applied, and vitamins and minerals enhance the immunity and growth of farmed organisms. Feed enzymes enhance nutrient digestibility and minimize wastage of feed, which increases feed conversion efficiency. Probiotics and other functional ingredients are the other additives becoming popular in disease prevention. Firms like DSM-Firmenich and Alltech are entering into new additive options for improving the productivity and sustainability of aquaculture feeds.
Market Breakup by Product Form
- Pellets
- Extruded
- Powdered
- Liquid
Key Insight: The India aquafeed market scope comprises various forms, as it affects feed efficiency and suitability to the various aquaculture systems. The use of pellets has remained stable owing to its low cost and easy management, whereas extruded feeds are gaining popularity because of their high-water stability and digestibility. Powdered feed is typically employed in hatcheries for the initial growth of fish and shrimp, and liquid feed sustains special-purpose applications of nutrition. Skretting is one such firm that is investing in new and modern extrusion technologies that result in better feed performance and optimized retention of nutrients in diets used in aquaculture.
Market Breakup by Species
- Carps
- Shrimp
- Marine Fishes
- Tilapia
- Catfish
- Salmon
- Freshwater (FW) Crustaceans
- Trouts
- Others
Key Insight: The India aquafeed market is highly differentiated with respect to demand in different species segments. Carp are the dominant aquaculture, as they are cultured at a large scale in fresh water, whereas shrimp farming is the primary feed due to good export markets. High-protein diets are a necessity for marine fishes, though tilapia farming is increasingly growing due to its rapid growth and versatility. Specialized feed formulations are needed for catfish, salmon, freshwater crustaceans, trout, and others. Some companies like CP Aquaculture are coming up with species-specific nutrition solutions to aid better productivity in the various aquaculture systems.
Market Breakup by Region
- North
- West and Central
- South
- East
Key Insight: The India aquafeed market landscape is largely affected by regional production of aquaculture in terms of the feed consumption pattern across the various regions. South India is the major producer of aquaculture because it is a major shrimp farming zone, whereas East India is a major freshwater fish producer. In the West and Central regions, there is a slow but steady growth, powered by the increasing commercial aquaculture activities. Meanwhile, North India is emerging as a growing aquaculture hub, with fish farming projects steadily increasing across the region. Godrej Agrovet and other companies are also reinforcing distribution strategies through farmer outreach programs in these areas to increase the adoption of aquafeed.
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India Aquafeed Market Share
By ingredient, soybean-based feed drive market growth due to rising sustainability certifications
The demand for sustainable plant-based proteins is increasing, which is improving the soybean-based feeds’ share in the India aquafeed market since producers are moving towards using responsibly sourced ingredients to ensure that they satisfy global aquaculture. Soybean meal is a good protein source and is cost-effective in fish and shrimp food preparations. Companies are also investing in traceable sourcing systems to increase credibility throughout the aquaculture value chains. Indicatively, in February 2026, Bunge got the Aquaculture Stewardship Council to approve its PRO-S sustainable sourcing certification program, a move that would affect the broader use of certified soybean-based ingredients in the production of aquafeeds.
The fish oil ingredient segment is expected to remain a key contributor to the India aquafeed market value, particularly for carnivorous species that require essential omega-3 fatty acids for optimal growth and health. Moreover, firms are increasingly devising alternative means that would help lower their reliance on conventional marine resources. Moreover, feed manufacturers are also using oils derived from algae and other sustainable lipid feed sources to add nutritional value. The innovations in this area are seen in the sustainable shrimp feed technologies that incorporate alternative products like algal oil that will retain the omega-3 but enhance the environmental sustainability of the aquaculture nutrition.
By additives, vitamins and minerals gain traction for supporting immunity-focused feed innovations
The rising interest in aquatic animal health is increasing the need for vitamin and mineral additives in the Indian aquafeed sector because these micronutrients increase immunity, metabolism, and total growth performance in fish and shrimp farming systems. Fortified premixes are becoming a common practice among manufacturers to overcome disease outbreaks and nutritional deficiencies in intensive aquaculture. Prominent players, including Cargill, provide customized micronutrient solutions in their Aqua Nutrition portfolio of premixes of Vitamin Nutrition, while other companies like DSM-Firmenich provide OVN Optimum Vitamin Nutrition premixes to enhance balanced mineral and vitamin supplementation in aquatic animals to improve their health and productivity.
The use of feed enzyme additives is growing throughout the Indian aquafeed industry as manufacturers consider how to increase the feed conversion ratios and get the maximum out of the nutrient content. Enzymes assist in the digestion of complex feed resources like plant proteins and carbohydrates, enabling aquatic life to digest nutrients better and decreasing the amount of feed wasted. First movers are launching new high-technology enzyme technologies to use in aquaculture feeds. For example, Novozymes offers RONOZYME enzyme solutions, which are available to improve nutrient digestibility in the feed formulations, and BASF offers Natuphos phytase enzyme solutions to improve phosphorus availability and sustainable aquaculture production.
By product form, powered aquafeed witnesses high demand driven by growing use of nutrient-dense powdered ingredients
The powdered form is picking up pace within the India aquafeed market dynamics because finely processed ingredients allow enhancing the uniformity of nutrients, digestibility, and blending in feed compositions. Premixes, protein concentrates, and insect meal are increasingly used in powder form to improve the feed efficiency and health of aquatic animals. Firms are also trying to invest in new sources of proteins in order to reinforce this segment. For instance, in September 2025, Menterra Ventures invested in insect protein company UltraNutri to expand production of black soldier fly-based products, typically turned into powdered products that can be used in shrimp feed.
The pellet segment is experiencing growth in the India aquafeed market, with feed manufacturers coming up with enduring pellet formulations that enhance the nutrient preservation and feed efficiency in the contemporary aquaculture setups. Pellet feeds are found to be homogenous, simple to manage, and less wasteful of food feeds, thereby being popular in commercial fish farming. Businesses are also seeking to invest in improved technologies to improve the pellet stability in water and promote sustained growth performance. An example is POWER H2O, a submerged feeding system aquafeed released by BioMar in August 2025, which is a specialized pellet with greater durability and lower nutrient loss in water.
By species, shrimp feed segment shows robust growth supported by sustainable feed product launches
The shrimp market is one of the key contributors to the India aquafeed market revenue growth, which is mainly because of export-oriented shrimp cultivation and growing intensive practices in the aquaculture industry. Manufacturers of feeds are working on specialized shrimp diets that enhance the survival rates, immunity, and feed ratio of the feed. In January 2026, FAI launched the Shrimp Hub platform to help producers, processors, and retailers improve shrimp welfare standards and performance across supply chains.
The India aquafeed market is focused on the salmon segment due to the growing disposable incomes and the shift in dieting habits in urban regions. Consumers in the urban areas are demanding imported fish of good quality, and this is boosting the demand in the salmon supply chains and aquaculture feed. This tendency is also being facilitated by trade liberalization, which enhances the accessibility of international producers to the market. For example, in February 2026, Salmon Scotland emphasized that Scottish salmon could be dramatically fattened up by removing import tariffs under the United Kingdom-India trade agreement, which enhances the country's premium seafood market.
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India Aquafeed Market Regional Analysis
By region, South India dominates the market through sustainable aquafeed additives
South India is also becoming a major growth region within the Indian aquafeed sector, with high aquaculture production levels and the increasing adoption of advanced feed technologies in key states such as Andhra Pradesh and Tamil Nadu. The intensive shrimp and fish farming practices in the region are also driving feed producers to come up with novel and sustainable nutritional options that enhance the feed efficiency and liveliness of aquatic animals. Innovation in feed ingredients is also getting regulatory support. For example, in September 2025, the insect-based protein and fat products of Loopworm were approved by the Coastal Aquaculture Authority to be used as aquaculture feed additives in India.
The North India aquafeed market demonstrate rapid growth, as companies are focusing on increasing the manufacturing infrastructure in accordance with the growing demand for freshwater aquaculture. The growing number of fish farming activities in states like Uttar Pradesh and others is prompting the use of modern feed mills and better feed technologies. These plants assist in the enhancement of feed in the aquaculture systems in the region and aid in productivity. For example, in April 2023, Maharashtra Feeds announced the opening of a new floating fish feed plant in Lucknow that will have a production capacity of 35,000 metric tons/year, improving the aquafeed availability in the northern markets.
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Competitive Landscape
Major India aquafeed market players are working on increasing manufacturing capacities, enhancing distribution channels, and enhancing feed formulations, as it boosts the aquaculture industry. Players in the market are investing in modern feed mills that have modern technologies of extrusion in order to manufacture the nutritionally balanced feed used in the shrimp and fish species. These undertakings contribute to maintaining a stable feed supply, improving output, and promoting large-scale aquaculture farming in the key regions of coastal and inland aquaculture.
Moreover, the India aquafeed companies are placing more focus on research and development to launch functional and species-specific feed formulations that enhance growth rates and immunity to diseases. Firms are also entering into strategic alliances with aquaculture farmers and participating in farmer training initiatives with the view to advancing effective feed management habits. These initiatives will help the companies to build relationships with farmers and promote productivity and sustainable development of the market.
Cargill, Incorporated
Cargill, Incorporated is a global food and agriculture company established in 1865, with headquarters in Minnetonka, Minnesota, United States. The company provides a wide portfolio of animal nutrition and aquafeed solutions, supporting sustainable aquaculture through advanced feed formulations and nutrition expertise.
Growel Feeds Pvt. Ltd.
Growel Feeds Pvt. Ltd. is an India-based aquafeed manufacturer established in 1994, with headquarters in Vijayawada, Andhra Pradesh. The company specializes in high-performance shrimp and fish feeds, supplying nutrition solutions to aquaculture farmers across major aquaculture regions in the country.
Kwality Feeds Ltd.
Kwality Feeds Ltd. is an Indian aquafeed and poultry feed producer established in 1983, with headquarters in Namakkal, Tamil Nadu. The company focuses on developing nutritionally balanced feed products to enhance productivity and efficiency in the aquaculture and livestock sectors.
Godrej Agrovet Limited
Godrej Agrovet Limited is an agribusiness company established in 1991, with headquarters in Mumbai, Maharashtra, India. Through its animal nutrition division, the company offers aquafeed and livestock nutrition products designed to support sustainable farming and improved farm productivity.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include IB Group, among others.
Key Highlights of the India Aquafeed Market Report
- Historical performance analysis with accurate market forecasts through 2035.
- Information on new product development and nutritional improvement in the aquafeed formulations that enhance growth performance and feed efficiency.
- Intensive competitor profiling of the major domestic and foreign producers of aquafeed that trade in the India aquafeed market.
- In-depth regional examinations regarding new aquaculture centers and nutritional requirements patterns in key states of aquaculture creation.
Why Choose Expert Market Research?
- Relied on market data supported by extensive primary research on the industry stakeholders and intensive secondary research.
- Operational and tactical data and strategic intelligence that allow organizations to make sound business and investment choices.
- Factor-wise and product-level analysis that gives an overview of the growth prospects in the India aquafeed market.
Call to Action
Explore the latest trends shaping the India aquafeed market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Download a free sample report or contact our team for customized consultation on India aquafeed market trends 2026.
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Key Questions Answered in the Report
In 2025, the India aquafeed market reached an approximate value of USD 1.90 Billion.
The market is projected to grow at a CAGR of 8.00% between 2026 and 2035.
Key strategies driving the market include include product innovation in functional feeds, expansion of aquafeed manufacturing facilities, adoption of sustainable ingredients such as insect protein, and partnerships with aquaculture farmers to improve feed efficiency and productivity.
The thriving aquaculture sector and the increase in domestic consumption as well as the export of fishes are the key industry trends propelling the market's growth.
The major regions in the industry are North, West and Central, South, and East.
The ingredients include soybean, fish meal, corn, fish oil, and additives, among others.
On the basis of additives, the industry is segmented into antioxidants, vitamins and minerals, and feed enzymes, among others.
By product form, the market can be categorised into pellets, extruded, powdered, and liquid.
The significant species in the aquafeed market include carps, shrimp, marine fishes, tilapia, catfish, salmon, freshwater (FW) crustaceans, and trouts, among others.
The key players in the market include Cargill, Incorporated, Growel Feeds Pvt. Ltd., Kwality Feeds Ltd., Godrej Agrovet Limited, and IB Group, among others.
The major challenges include fluctuating prices of raw materials, dependence on fishmeal and soybean imports, feed quality inconsistencies, disease outbreaks in aquaculture farms, and logistical constraints affecting feed distribution.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Ingredient |
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| Breakup by Additives |
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| Breakup by Product Form |
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| Breakup by Species |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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