Please Wait.....
Report
India Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 128 Pages I IMARC Group
Market Overview:
The India aquafeed market size reached 1.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.8 Million Tons by 2028, exhibiting a growth rate (CAGR) of 9.7% during 2023-2028.
India represents one of the leading aquaculture markets across the globe on account of the rich biodiversity of aquatic species. Consequently, there is a high demand for aquafeed in the country to meet the growing need of aquaculture farmers and the expanding export businesses.
With increasing disposable incomes, growing health consciousness and improving cold chain facilities, seafood sales have expanded from local wet markets to organized retail channels, such as supermarkets. This represents one of the key factors fueling the growth of the aquafeed market in India. Moreover, the growing trend of natural and organic feeds has prompted manufacturers to incorporate high-quality raw materials that offer functional advantages and lower the usage of synthetic components. They are also enhancing the stability of feed pellets, reducing fine proportion, and improving pellets density and extension. Another major factor driving the industry growth is t significant shift from homemade feed to commercially available product variants. Along with enhancing the bioavailability of various nutrients, the commercial feed also helps in reducing environmental pollution and increasing profit margins. Furthermore, the Government of India is offering various subsidies for fish and shrimp farmers, which in turn is stimulating the growth of the aquafeed industry.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India aquafeed market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on species, ingredients, additives and product form.
Breakup by Species:
Carp Feeds
Marine Shrimps
Tilapias
Catfishes
Marine Fishes
Salmons
Freshwater (FW) Crustaceans
Trouts
Others
Breakup by Ingredients:
Soybean
Corn
Fish Meal
Fish Oil
Additives
Others
Breakup by Additives:
Vitamins and Minerals
Antioxidants
Feed Enzymes
Others
Breakup by Product Form:
Pellets
Extruded
Powdered
Liquid
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alltech Biotechnology Pvt. Ltd. (Alltech, Inc.), Avanti Feeds Limited, Cargill India Private limited (Cargill Inc.), Godrej Agrovet Limited (Godrej Group), Growel Feeds Private Limited, IB Group, Skretting Aquaculture India Private Limited (Nutreco NV) and UNO Feeds
Key Questions Answered in This Report
1. What was the size of the India aquafeed market in 2022?
2. What is the expected growth rate of the India aquafeed market during 2023-2028?
3. What are the key factors driving the India aquafeed market?
4. What has been the impact of COVID-19 on the India aquafeed market?
5. What is the breakup of the India aquafeed market based on the species?
6. What is the breakup of the India aquafeed market based on the ingredients?
7. What is the breakup of the India aquafeed market based on the product form?
8. What are the key regions in the India aquafeed market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Aquafeed Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Species
6.1 Carp Feeds
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Marine Shrimps
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Tilapias
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Catfishes
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Marine Fishes
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Salmons
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Freshwater (FW) Crustaceans
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Trouts
6.8.1 Market Trends
6.8.2 Market Forecast
6.9 Others
6.9.1 Market Trends
6.9.2 Market Forecast
7 Market Breakup by Ingredients
7.1 Soybean
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Corn
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Fish Meal
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Fish Oil
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Additives
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Additives
8.1 Vitamins and Minerals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Antioxidants
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Feed Enzymes
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Product Form
9.1 Pellets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Extruded
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Powdered
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Liquid
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North India
10.1.1 Market Trends
10.1.2 Market Breakup by State
10.1.3 Market Forecast
10.2 West and Central India
10.2.1 Market Trends
10.2.2 Market Breakup by State
10.2.3 Market Forecast
10.3 South India
10.3.1 Market Trends
10.3.2 Market Breakup by State
10.3.3 Market Forecast
10.4 East India
10.4.1 Market Trends
10.4.2 Market Breakup by State
10.4.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Policy and Regulatory Landscape
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Alltech Biotechnology Pvt. Ltd. (Alltech, Inc.)
16.3.2 Avanti Feeds Limited
16.3.3 Cargill India Private limited (Cargill Inc.)
16.3.4 Godrej Agrovet Limited (Godrej Group)
16.3.5 Growel Feeds Private Limited
16.3.6 IB Group
16.3.7 Skretting Aquaculture India Private Limited (Nutreco NV)
16.3.8 UNO Feeds
Figure 1: India: Aquafeed Market: Major Drivers and Challenges
Figure 2: India: Aquafeed Market: Sales Volume (in Million Tons), 2017-2022
Figure 3: India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 4: India: Aquafeed Market: Breakup by Species (in %), 2022
Figure 5: India: Aquafeed Market: Breakup by Ingredients (in %), 2022
Figure 6: India: Aquafeed Market: Breakup by Additives (in %), 2022
Figure 7: India: Aquafeed Market: Breakup by Product Form (in %), 2022
Figure 8: India: Aquafeed Market: Breakup by Region (in %), 2022
Figure 9: India: Aquafeed (Carp Feeds) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 10: India: Aquafeed (Carp Feeds) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 11: India: Aquafeed (Marine Shrimps) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 12: India: Aquafeed (Marine Shrimps) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 13: India: Aquafeed (Tilapias) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 14: India: Aquafeed (Tilapias) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 15: India: Aquafeed (Catfishes) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 16: India: Aquafeed (Catfishes) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 17: India: Aquafeed (Marine Fishes) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 18: India: Aquafeed (Marine Fishes) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 19: India: Aquafeed (Salmons) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 20: India: Aquafeed (Salmons) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 21: India: Aquafeed (Freshwater Crustaceans) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 22: India: Aquafeed (Freshwater Crustaceans) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 23: India: Aquafeed (Trouts) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 24: India: Aquafeed (Trouts) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 25: India: Aquafeed (Other Species) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 26: India: Aquafeed (Other Species) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 27: India: Aquafeed (Soybean) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 28: India: Aquafeed (Soybean) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 29: India: Aquafeed (Corn) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 30: India: Aquafeed (Corn) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 31: India: Aquafeed (Fish Meal) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 32: India: Aquafeed (Fish Meal) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 33: India: Aquafeed (Fish Oil) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 34: India: Aquafeed (Fish Oil) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 35: India: Aquafeed (Additives) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 36: India: Aquafeed (Additives) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 37: India: Aquafeed (Other Ingredients) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 38: India: Aquafeed (Other Ingredients) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 39: India: Aquafeed (Vitamins and Minerals) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 40: India: Aquafeed (Vitamins and Minerals) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 41: India: Aquafeed (Antioxidants) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 42: India: Aquafeed (Antioxidants) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 43: India: Aquafeed (Feed Enzymes) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 44: India: Aquafeed (Feed Enzymes) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 45: India: Aquafeed (Other Additives) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 46: India: Aquafeed (Other Additives) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 47: India: Aquafeed (Pellets) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 48: India: Aquafeed (Pellets) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 49: India: Aquafeed (Extruded) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 50: India: Aquafeed (Extruded) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 51: India: Aquafeed (Powdered) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 52: India: Aquafeed (Powdered) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 53: India: Aquafeed (Liquid) Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 54: India: Aquafeed (Liquid) Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 55: North India: Aquafeed Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 56: North India: Aquafeed Market: Breakup by State (in %), 2022
Figure 57: North India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 58: West and Central India: Aquafeed Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 59: West and Central India: Aquafeed Market: Breakup by State (in %), 2022
Figure 60: West and Central India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 61: South India: Aquafeed Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 62: South India: Aquafeed Market: Breakup by State (in %), 2022
Figure 63: South India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 64: East India: Aquafeed Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 65: East India: Aquafeed Market: Breakup by State (in %), 2022
Figure 66: East India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 67: India: Aquafeed Industry: SWOT Analysis
Figure 68: India: Aquafeed Industry: Value Chain Analysis
Figure 69: India: Aquafeed Industry: Porter's Five Forces Analysis
Table 1: India: Aquafeed Market: Key Industry Highlights, 2022 and 2028
Table 2: India: Aquafeed Market Forecast: Breakup by Species (in Million Tons), 2023-2028
Table 3: India: Aquafeed Market Forecast: Breakup by Ingredients (in Million Tons), 2023-2028
Table 4: India: Aquafeed Market Forecast: Breakup by Additives (in Million Tons), 2023-2028
Table 5: India: Aquafeed Market Forecast: Breakup by Product Form (in Million Tons), 2023-2028
Table 6: India: Aquafeed Market Forecast: Breakup by Region (in Million Tons), 2023-2028
Table 7: India: Aquafeed Market: Competitive Structure
Table 8: India: Aquafeed Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security