With the growing awareness regarding the benefits of feeding the aquacultured species with commercial aquafeed, the demand for commercial aquafeed is increasing in the country. According to a new report by RNCOS, “India Commercial Aquafeed Market Outlook 2018”, the need for inculcating commercial feed into the diets of aquacultured species so that the end product is healthy and nutritional, is driving the use of commercial aquafeed in the country.
According to our report, the awareness regarding the benefits of using commercial aquafeed is slowly catching pace in the country. To meet the nutritional levels of fishes, the farmers have started resorting to commercial aquafeeds. Commercial aquafeed contains additional nutrients in right proportions to fulfill the growth requirements of the fishes which lead to the cultivation of healthy fishes. Besides, various aquafeed manufacturers have started to diversify their present line of products by introducing commercial aquafeeds at fair prices to meet the demand for commercial aquafeed in the country.
The report “India Commercial Aquafeed Market Outlook 2018” provides an indepth and rational analysis of the commercial aquafeed market in India. It covers market forecast till 2018 for the production of major aquacultured finfishes like carps, tilapia and catfishes, along with aquacultured shellfish. Since the aquaculture production is expected to increase in the future, the production and consumption of commercial aquafeed is also bound to increase. Thus, the report also covers commercial aquafeed market forecast till 2018, which has been further fragmented into commercial finfish feed and commercial shrimp feed market.
The forecast for production and consumption of commercial finfish (i.e. carps, tilapia & catfish) feed have been drawn till 2018. A section about the major ingredients used in commercial finfish feed and their inclusion rate to generate a brief understanding of the kind of ingredients that will be in demand has also been provided in the report. Further, an overview of the drivers and the government initiatives, which have the capacity to put the industry on a growth trajectory, has also been given. We have also identified the challenges faced by the industry along with a brief overview of the FCR of various finfishes. The report also covers business overview of various well known industry players.
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