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India Shrimp Feed Market: By Type: Grower, Finisher, Starter; By Ingredients: Soybean Meal, Fish Meal, Wheat Flour, Fish Oil, Others; By Additives: Vitamins and Proteins, Fatty Acids, Antioxidants, Feed Enzymes, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

India Shrimp Feed Market Outlook

The India shrimp market attained a volume of 1.15 million tons in 2020. The market is further expected to grow at a CAGR of 10% between 2021 and 2026.

 

Andhra Pradesh Leading the India Shrimp Feed Market

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: Industry Definition and Segmentation

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.

Based on type, the industry can be divided into:

  • Grower
  • Finisher
  • Starter

On the basis of ingredients, the market can be categorised as follows:

The additives of shrimp feed can be segmented as follows:

  • Vitamins and Proteins
  • Fatty Acids
  • Antioxidants
  • Feed Enzymes
  • Antibiotics
  • Others

The regional markets for shrimp feed can be divided into Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, and Maharashtra.

 

Rising Marine Industry Bolstering the Market Growth

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.

 

Key Industry Players in the India Shrimp Feed Market

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:

  • CPF (India) Private Limited
  • Coastal Feeds
  • Godrej Agrovet
  • Grobest
  • Growel Feeds PVT. LTD.
  • Avanti Feeds Limited
  • The Waterbase Limited
  • 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.

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 Shrimp Feed Market Analysis

    8.1    Key Industry Highlights
    8.2    India Shrimp Feed Historical Market (2016-2020) 
    8.3    India Shrimp Feed Market Forecast (2021-2026)
    8.4    India Shrimp Feed Market by Type
        8.4.1    Grower
            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    Finisher
            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    Starter 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    India Shrimp Feed Market by Ingredients
        8.5.1    Soybean Meal
            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    Fish Meal
            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    Wheat Flour
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    0Forecast Trend (2021-2026)
        8.5.4    Fish Oil
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    India Shrimp Feed Market by Additives
        8.6.1    Vitamins and Proteins
            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    Fatty Acids
            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    Antioxidants
            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    Feed Enzymes
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Antibiotics
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Others
    8.7    India Shrimp Feed Market by Region
        8.7.1    Market Share
            8.7.1.1    Andhra Pradesh
            8.7.1.2    West Bengal
            8.7.1.3    Tamil Nadu and Pondicherry
            8.7.1.4    Gujarat
            8.7.1.5    Odisha
            8.7.1.6    Maharashtra
            8.7.1.7    Others
9    Regional Analysis
    9.1    Andhra Pradesh
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    West Bengal
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
    9.3    Tamil Nadu and Pondicherry
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
    9.4    Gujarat
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
    9.5    Odisha
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
    9.6    Maharashtra
        9.6.1    Historical Trend (2016-2020)
        9.6.2    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    Buyer’s 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    CPF (India) Private Limited
            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    Coastal Feeds
            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    Godrej Agrovet
            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    Grobest
            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    Growel Feeds PVT. LTD.
            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    Avanti Feeds Limited
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    The Waterbase Limited
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    India Shrimp Feed Market: Key Industry Highlights, 2016 and 2026
2.    India Shrimp Feed Historical Market: Breakup by Type (USD Million), 2016-2020
3.    India Shrimp Feed Market Forecast: Breakup by Type (USD Million), 2021-2026
4.    India Shrimp Feed Historical Market: Breakup by Ingredients (USD Million), 2016-2020
5.    India Shrimp Feed Market Forecast: Breakup by Ingredients (USD Million), 2021-2026
6.    India Shrimp Feed Historical Market: Breakup by Additives (USD Million), 2016-2020
7.    India Shrimp Feed Market Forecast: Breakup by Additives (USD Million), 2021-2026
8.    India Shrimp Feed Historical Market: Breakup by Region (USD Million), 2016-2020
9.    India Shrimp Feed Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    India Shrimp Feed Market Structure

Key Questions Answered in the Report

In 2020, the India shrimp feed market attained a volume of 1.15 million tons.

The market is projected to grow at a CAGR of 10% between 2021 and 2026.

The growth of the industry is being driven by the rising population, growing disposable incomes, easy availability of shrimp, rising aquaculture industry, growing awareness of its high nutritional content, and rising demand for commercially produced feed.

The rising investment by the key players to produce aquafeed is an important industry trend guiding the growth of the market.

The major regions in the industry are Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, and Maharashtra, with Andhra Pradesh accounting for the largest market share.

The leading types of shrimp feed in the market are grower, finisher, and starter.

The major ingredients of shrimp feed in the industry 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 industry are CPF (India) Private Limited, Coastal Feeds, Godrej Agrovet, Grobest, Growel Feeds PVT. LTD., Avanti Feeds Limited, and The Waterbase Limited, among others.

Analyst Review

The India shrimp feed market attained a volume of 1.15 million tons in 2020, driven by the rising demand for aquafeed. Aided by the growing aquaculture industry, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 10%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is divided into grower, finisher, and starter. Based on ingredients, the industry is segmented into soybean meal, fish meal, wheat flour, and fish oil, among others. On the basis of additive, the market is categorised into vitamins and proteins, fatty acids, antioxidants, feed enzymes, and antibiotics, among others. The major regional markets for shrimp feed in India are Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, and Maharashtra, with Andhra Pradesh representing the leading regional market. The key players in the above market include CPF (India) Private Limited, Coastal Feeds, Godrej Agrovet, Grobest, Growel Feeds PVT. LTD., Avanti Feeds Limited, and The Waterbase Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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