As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

India Aquafeed Market: By Ingredient: Soybean, Fish Meal, Corn, Fish Oil, Additives, Others; By Additives: Antioxidants, Vitamins and Minerals, Feed Enzymes, Others; By Product Form; By Species; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

India Aquafeed Market Outlook

The India aquafeed market stood at a value of around USD 1.4 billion in 2020. The market is expected to grow at a CAGR of 8% in the forecast period of 2021-2026.

 

India Aquafeed Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Increase in Carp Production to Aid the India Aquafeed Industry

Based on species, carps account for a significant share in the industry and are likely to witness a significant growth in the forecast period. This can be attributed to the growth of the freshwater aquaculture segment in the country, which significantly contributes to the total annual aquaculture production. The favourable government initiatives to increase the productivity of aquaculture are aiding the segment growth. For instance, the fish farmers in Orissa have been able to double their production owing to the ongoing carp intensification programme, supported by WorldFish and the state government. Moreover, the growing popularity of carp spawn feed, carp fry feed, carp grow-out feed, and carp brood feed is expected to further aid the segment growth in the forecast period.

 

Rising Demand for Aquafeed Ingredients to Bolster the Aquafeed Industry Growth in India

On the basis of ingredient, the fish oil segment is anticipated to account for a considerable share in the market. This can be attributed to the increasing demand for the product in the shrimp feed industry formulations. India is one of the leading global shrimp producers. The increasing consumption of seafood is likely to aid the market growth in the forecast period. Meanwhile, the fishmeal segment is estimated to grow significantly in the forecast period, owing to the production of high-quality fishmeal for small-scale aquaculture. Furthermore, it is a low-temperature meal, which is produced by steam drying, which makes it highly digestible. Also, it facilitates rapid growth, therefore, it is also suitable for salmon farming.

The demand for aquafeed is likely to witness a significant growth in states like Andhra Pradesh and West Bengal owing to the flourishing aquaculture industry. The rising fish farming in West Bengal is likely to generate a healthy demand for aquafeed in the forecast period.

 

Aquafeed: Industry Definition and Segmentation

Aquafeed is a part of aquaculture and as the name suggests, it can be used as a feed for aquatic organisms. Aquafeed usually contains essential vitamins and minerals, which helps to meet the dietary requirements of various aquatic creatures, further enhancing their health and boosting production.

 

India Aquafeed Market By Ingredient

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Based on ingredient, the market is divided into:

  • Soybean
  • Fish Meal
  • Corn 
  • Fish Oil
  • Additives
  • Others

On the basis of additives, the industry is segmented into:

  • Antioxidants
  • Vitamins and Minerals
  • Feed Enzymes
  • Others

By product form, the market can be categorised into:

  • Pellets
  • Extruded
  • Powdered
  • Liquid

The significant species in the aquafeed market include:

  • Carps
  • Shrimp
  • Marine Fishes
  • Tilapia
  • Catfish
  • Salmon
  • Freshwater (FW) Crustaceans
  • Trouts
  • Others

The regional markets for the product in India include North, West and Central, South, and East.

 

India Aquafeed Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Thriving Aquaculture Industry in India and the Varied Nutritional Demand for Different Species to Boost the India Aquafeed Industry Growth

The aquafeed market in India is being driven by the thriving aquaculture sector in the country. The aquaculture industry in the region can flourish only if all the aquatic animals are well fed with proper nutrition. The vitamins and minerals present in aquafeeds are essential for the growth of aquatic animals. Over the forecast period, the increase in domestic consumption as well as the export of fishes is expected to aid the market growth. Also, different species require different types of animal feed, which depend on their body structure, temperature, and weight of the organism. Therefore, the increasing demand for aquafeed to boost fish production is expected to provide a further impetus to the market in the forecast period.

 

Key Industry Players in the India Aquafeed Market

The report gives a detailed analysis of the following key players in the India aquafeed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Cargill, Incorporated
  • Growel Feeds Pvt. Ltd.
  • Kwality Feeds Ltd.
  • Godrej Agrovet Limited
  • IB Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Ingredient, Additives, Product Form, Species, Region
Breakup by Ingredient Soybean, Fish Meal, Corn, Fish Oil, Additives, Others
Breakup by Additives Antioxidants, Vitamins and Minerals, Feed Enzymes, Others
Breakup by Product Form Pellets, Extruded, Powdered, Liquid
Breakup by Species Carps, Shrimp, Marine Fishes, Tilapia, Catfish, Salmon, Freshwater (FW) Crustaceans, Trouts, Others
Breakup by Regions North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Cargill Incorporated, Growel Feeds Pvt. Ltd., Kwality Feeds Ltd., Godrej Agrovet Limited, IB Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    India
7    Industry Opportunities and Challenges
8    India Aquafeed Market Analysis

    8.1    Key Industry Highlights
    8.2    India Aquafeed Historical Market (2016-2020) 
    8.3    India Aquafeed Market Forecast (2021-2026)
    8.4    India Aquafeed Market by Ingredient
        8.4.1    Soybean
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Fish Meal
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Corn
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Fish Oil
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Additives
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Others
    8.5    India Aquafeed Market by Additives
        8.5.1    Antioxidants
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Vitamins and Minerals
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Feed Enzymes
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    India Aquafeed Market by Product Form
        8.6.1    Pellets
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Extruded
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Powdered
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Liquid
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
        8.6.4.3    Forecast Trend (2021-2026)
    8.7    India Aquafeed Market by Species
        8.7.1    Carps
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Shrimp
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Marine Fishes
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Tilapia
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Catfish
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Salmon
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Freshwater (FW) Crustaceans
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2016-2020)
            8.7.7.3    Forecast Trend (2021-2026)
        8.7.8    Trouts
            8.7.8.1    Market Share
            8.7.8.2    Historical Trend (2016-2020)
            8.7.8.3    Forecast Trend (2021-2026)
        8.7.9    Others
    8.8    India Aquafeed Market by Region
        8.8.1    Market Share
            8.8.1.1    North
            8.8.1.2    West and Central
            8.8.1.3    South
            8.8.1.4    East
9    Regional Analysis
    9.1    North
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    West and Central
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
    9.3    South
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
    9.4    East
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Cargill, Incorporated
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Growel Feeds Pvt. Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Kwality Feeds Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Godrej Agrovet Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    IB Group
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    India Aquafeed Market: Key Industry Highlights, 2016 and 2026
2.    India Aquafeed Historical Market: Breakup by Ingredient (USD Million), 2016-2020
3.    India Aquafeed Market Forecast: Breakup by Ingredient (USD Million), 2021-2026
4.    India Aquafeed Historical Market: Breakup by Additives (USD Million), 2016-2020
5.    India Aquafeed Market Forecast: Breakup by Additives (USD Million), 2021-2026
6.    India Aquafeed Historical Market: Breakup by Product Form (USD Million), 2016-2020
7.    India Aquafeed Market Forecast: Breakup by Product Form (USD Million), 2021-2026
8.    India Aquafeed Historical Market: Breakup by Species (USD Million), 2016-2020
9.    India Aquafeed Market Forecast: Breakup by Species (USD Million), 2021-2026
10.    India Aquafeed Market Structure

Purchase Full Report

Mini Report

$ 1999     $1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3199     $2499
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$ 4199     $3499
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5199     $4499
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Vietnam Aquaculture Market Report and Forecast 2021-2026


Asia Pacific Aquafeed Market Report and Forecast 2021-2026


NEWSLETTER