India Aquaculture Feed Market, Industry Analysis, Revenue, Future Outlook: Ken Research

Competitive Landscape in India Aquaculture Feed Market, Fy'22

The market is majorly concentrated among few major players such as Avanti Feeds and C.P. Aquaculture among others. The feed manufacturing companies' witness's low threat of substitution as aqua feed constitutes significant component of the total input required in aquaculture. There are other international players and a lot of small domestic players operating in the ecosystem. However, the threat of new entrants along with the need to cater to excess demand makes the market moderately competitive. There is lot of scope for new players to enter the market. This is because of huge untapped potential, favourable government incentive plans & schemes and an excess demand for aqua feed. Some of the major players operating in the ecosystem are Avanti Feeds, Alltech India, Waterbase, Zeal Aqua and Cargill among others.

Future Outlook of India Aquaculture Feed Market, Fy'22-Fy'27e

The market size on the basis of revenue is expected to grow at a five-year CAGR of XX% in between FY'22 and FY'27E. Rising global seafood demand coupled with surging consumption of shrimps is expected to drive the growth of aqua feed market in coming years. Integration of technology in daily operations of feed manufacturers will contribute in enhancing their business potential as well as transform the aquaculture and aqua feed industry, which paves a path for efficient supply chain management, increase in production volume and greater opportunities for foreign exchange earnings.

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The industry has witnessed progress and development in terms of getting support of artificial breeding technologies, knowledge of nutritional requirement to aquatic animals, aqua feed processing technology, and feed production equipment and so on. As population grow and pressure on wild fisheries mounts around the world, aquaculture will continue to attract attention and capture a higher share of the human food protein market. Owing to the limited availability of marine feed resources & the rising demand for fish results in opening up of new opportunities for the feed market to integrate. Species diversification coupled with surging exports will serve as a major catalyst for the growth of aquaculture feed market in coming years owing to increasing awareness on consumption of healthier diet and shifting preference towards protein rich diet across the world.

Key Segments Covered in India Aquaculture Feed Market

By Revenue

By Average Price of Aquaculture Feed

By Type of Feed

Shrimp Feed

Fish Feed

Others

By Type of Ingredients

Soy

Corn

Fish Oil

Fish Meal

Others

By End User

Commercial

Household

By Distribution Channel

Store Based

Online

By Region

Andhra Pradesh

West Bengal

Gujarat

Tamil Nadu & Puducherry

Odisha

Maharashtra

Other States and Union Territories

Key Target Audience

Aquaculture Feed Manufacturing Companies

Companies in the Aquaculture Industry

Seafood Companies

Industry Associations

Government Bodies

Time Period Captured in the Report:

Historical Period: FY'17-FY'22

Forecast Period: FY'22-FY'27E

India Aquaculture Feed Manufacturing Players

Manufacturers

Avanti Feeds

Coastal Corporation

Waterbase

Zeal Aqua

Apex

Adinath Bio Labs Limited

Devi Aqua Feeds

Alltech

BMR

Cargill

Biomin

Novus

Growel

IB Group

C.P. Group

Sandhya Aqua

Devi Aqua Feeds

Smilax

Government Institutions and Regulators

CAA (Coastal Aquaculture Authority)

CIFNET (Central Institute of Fisheries Nautical & Engineering Training)

CICEF (Central Institute of Coastal Engineering for Fishery)

FSI (Fishery Survey of India)

MPEDA (Marine Products Export Development Authority)

NFDB (National Fisheries Development Board)

NIFPHATT (National Institute of Fisheries Post Harvest Technology and Training)

Government Departments

MOFHAD (Ministry of Fisheries, Animal Husbandry and Dairying)

DOF (Department of Fisheries of Respective States & Union Territories)

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https://www.kenresearch.com/agriculture-and-animal-care/farming/india-agritech-market-outlook-to-2025/434138-104.html

https://www.kenresearch.com/agriculture-and-animal-care/farming/indonesia-agritech-market-outlook-to-2026/536294-104.html

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