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Historical Year
Forecast Year
The India shrimp market attained a volume of 1.53 million tons in 2024. The market is further expected to grow at a CAGR of 10% between 2025 and 2034.
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The shrimp feed industry in India is highly structured as the shrimp feed industry caters to the export market. Farmers are expected to maintain certain quality levels and are more likely to choose a more proven feed brand. Andhra Pradesh is the leading region for shrimp feed in India, having the largest market share in the country, followed by West Bengal.
India is increasingly emerging as a major producer of commercial feed from traditional conventional feed consisting of rice/wheat bran and groundnut cake to other agricultural products. The flourishing Indian aquaculture industry also acts as one of the biggest advantages for aquaculture feed producers. India has around 26 aqua feed mills spread across the region. India imports more than 50% of aqua feed from other countries, so there is considerable scope for the domestic production of aquafeed. These factors are likely to boost the growth of the shrimp feed market in India in the forecast period.
Shrimp feed helps to maintain the necessary amounts of essential amino acids, vitamins, minerals, fatty acids, and other critical nutrients. Some of the commonly included ingredients in shrimp feed are fish and squid meal, fish oil, lecithin, cereal flour, and other essential and proprietary additives. The use of high quality feed helps to increase shrimp production, income, and minimise the environmental pollution caused by shrimp farming.
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Based on type, the industry can be divided into:
On the basis of ingredients, the market can be categorised as follows:
The additives of shrimp feed can be segmented as follows:
The regional markets for shrimp feed can be divided into Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, and Maharashtra.
The growth of the shrimp feed market in India is being driven by the vast marine wealth in India that underpins the development of the aquaculture sector. In addition, the market is also affected by the commercialisation of vannamei shrimp, backed by a sustained demand from both developed and developing countries. The production and export of vannamei have exceeded the native species of shrimps, such as the black tiger, which had been cultivated dominantly until 2003. This is another aspect that facilitates the market growth for shrimp feed in the country. In addition, the availability of improved product varieties and the shift towards the use of commercially processed shrimp feed have further contributed to the growth of this industry.
The report gives a detailed analysis of the following key players in the India shrimp feed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| 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 Type |
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| Breakup by Ingredients |
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| Breakup by Additives |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the India shrimp feed market attained a volume of 1.53 million tons.
The market is projected to grow at a CAGR of 10% between 2025 and 2034.
The major market drivers are the rising population, growing disposable incomes, the easy availability of shrimp, the robust growth of the aquaculture sector, the growing awareness regarding nutritional benefits of shrimp, and rising demand for commercially produced feed.
The key trends guiding the market include rising investments by the key players to produce aquafeed and vast marine wealth in India.
The major regions in the market are Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, and Maharashtra, among others.
The leading types of shrimp feed in the market are grower, finisher, and starter.
The major ingredients of shrimp feed in the market are soybean meal, fish meal, wheat flour, and fish oil, among others.
The significant additives of shrimp feed in the market are vitamins and proteins, fatty acids, antioxidants, feed enzymes, and antibiotics, among others.
The major players in the market are CPF (India) Private Limited, Coastal Feeds, Godrej Agrovet, Grobest, Growel Feeds PVT. LTD., Avanti Feeds Limited, and The Waterbase Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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