From a land of traditional aquafeeding comprising rice/wheat bran, groundnut cake, and other agro products, India is emerging as a significant producer of commercial aquafeed. The thriving Indian aquaculture industry is the biggest advantage for aquafeed manufacturers. However, as majority of farmers feeding the aquatic species with traditional feeds owing to easy availability and lower prices, the transition towards commercial aquafeed will definitely take time.
With the growing awareness among farmers regarding benefits of feeding the aquacultured species with commercial aquafeed, the popularity of commercial aquafeed is trickling down to various parts of the country. Further, the growing demand for fish in both the national and international markets is propelling fish cultivators in India to inculcate commercial feeding practices, so that the end product is healthy and nutritional.
Our recent market research report, “India Commercial Aquafeed Market Outlook 2018”, portrays the current and future scenario of commercial aquafeed industry in India. Our analysts anticipate that more number of fishes will be cultured in the country in the future, triggering the demand for commercial aquafeed in the coming years. Our research is an outcome of extensive primary & secondary research, and thorough analysis of industry trends. For the study, we have conducted interviews with various industry experts, such as fisheries & aquaculture dealers, and aquafeed manufacturers.
The report provides production forecast till 2018 for the 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.
On account of our analysis of the past and present market trends, primary research, drivers, and challenges, forecast for production and consumption of commercial finfish (i.e. carps, tilapia & catfish) feed have been drawn till 2018. The report also covers a section on 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.
Our research also depicts the key drivers and restraints of the commercial aquafeed market, along with a brief overview of the FCR of various finfishes. Government initiatives to boost aquaculture and aquafeed industry have also been precisely incorporated in the study.
In order to assess the competition in the aquafeed industry, we have provided business overview of key industry players, which also covers their product overview. In this way, encompassing all critical aspects of the Indian commercial aquafeed market, the report presents a comprehensive outlook of the sector’s present and future scenario. Overall, the report is an outcome of extensive research and prudent analysis and is meant to offer suitable knowledge base to those who are interested in this industry.
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