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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India Aquaculture Feed Market Future Outlook
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