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INDIA - Strong growth anticipated in Indian aquafeed sector over next year

A new report from Research & Markets, “Aquafeed Market Forecast to 2015”, says India is emerging as a significant producer of commercial aquafeeds. The report anticipates the fish feed market to grow at a CAGR of around 20% during 2012-13 to 2014-15. However, the more advanced shrimp feed market is forecast to post a CAGR growth of around 12% during the same time period.
April 17, 2013

A new report from Research & Markets, “Aquafeed Market Forecast to 2015”, says India is emerging as a significant producer of commercial aquafeeds. The thriving Indian aquaculture industry is the main advantage for aquafeed manufacturers. However, with majority farmers feeding aquatic species with traditional feeds, such as rice/wheat bran, ground nut cake, and other agro products, the transition towards commercial feed will definitely take time.

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The report anticipates the fish feed market to grow at a CAGR of around 20% during 2012-13 to 2014-15. However, the more advanced shrimp feed market is forecast to post a CAGR growth of around 12% during the same time period.

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The forecasts are drawn from analysis of past and present market trends, drivers, challenges and recent developments. The report shows the historic, current, and expected future trends of fish and shrimps production across the country, market size of fish and shrimp feeds and key drivers and restraints hampering the aquafeed market. Government initiatives to boost the aquaculture and aquafeed industry have also been included.

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In order to assess competition in the aquafeed industry, the report profiles key industry players, covering their business overview and product portfolio.

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Companies mentioned:

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- Deepak Nexgen Feeds

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- Grobest Feeds Corporation Ltd.

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- Growel Feeds

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- Indian Broiler Group

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- Kwality Feeds Ltd.

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- Uno Feeds 

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Table of Contents

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1. Analyst View

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2. Research Methodology

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3. Aquaculture: Market Outlook 2014-15

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3.1 Fish Production

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3.2 Shrimp Production

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4. Aquafeed Market Outlook to 2014-15

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4.1 Fish Feed Market

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4.1.1 Regional Demand Analysis

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4.2 Shrimp Feed Market

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4.2.1 Regional Demand Analysis

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5. Market Drivers and Restraints

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5.1 Drivers

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5.1.1 Flourishing Aquaculture Industry

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5.1.2 Technology Transition in Aqua Farming

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5.1.3 Increasing Adoption of Commercial Aquafeed

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5.2 Restraints

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5.2.1 Reliance on Few Species for Aqua Farming

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5.2.2 Low Awareness among Aquaculture Farmers

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5.2.3 Limited Number of Aquafeed Mills

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5.2.4 Inadequate Marketing by Commercial Feed Manufacturers

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6. Government Initiatives

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7. Competitive Assessment

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7.1 Indian Broiler Group

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7.2 Growel Feeds

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7.3 Uno Feeds

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7.4 Kwality Feeds Ltd.

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7.5 Deepak Nexgen Feeds

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7.6 Grobest Feeds Corporation Ltd.

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List of Tables:

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Table 3-1: State-wise Fish Production (‘000 Tonnes), 2007-08 to 2010-11

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Table 3-2: State-wise Shrimp Production (Tonnes), 2007-08 to 2009-10

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Table 6-1: Subsidy Assistance Schemes to Aquaculture Farmers

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Table 6-2: On-going Fishery Schemes of Government

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List of Charts:

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Figure 3-1: Fish Production (Million Tonnes), 2007-08 to 2014-15

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Figure 3-2: Shrimp Production (‘000 Tonnes), 2007-08 to 2014-15

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Figure 4-1: Fish Feed Market (Billion INR), 2009-10 to 2014-15

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Figure 4-2: Regional Demand of Fish Feed (%), 2011-12

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Figure 4-3: Regional Demand of Fish Feed (%), 2014-15

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Figure 4-4: Shrimp Feed Market (Million INR), 2009-10 to 2014-15

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Figure 4-5: Regional Demand of Shrimp Feed (%), 2011-12

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Figure 4-6: Regional Demand of Shrimp Feed (%), 2014-15 

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More information

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