With a vast coast line of around 7,000 Sq. Km and prevalence of robust aquaculture in the country, India has an immense potential to realize the untapped strength of its aquaculture produce with modern feeding technologies that offer much lower feed conversion ratio (FCR) as compared to traditional feed ingredients. Further capacity expansion plans of existing players and entry of new players are underway leading to more competition in the aqua feed industry. Further, according to a latest study by RNCOS, the fish feed market is predicted to grow at a CAGR of around 20% during 2012-13 to 2014-15. Meanwhile, more advanced shrimp feed market is forecasted to post a CAGR growth of around 12% during the same time period.
Research Analysis & Highlights
The report, “Aquafeed Market Forecast to 2015”, provides an in-depth research and rational analysis of fish feed and shrimp feed markets. On account of our analysis of the past and present market trends, drivers, challenges and recent developments, forecast for fish feed and shrimp feed markets have been drawn. Our research clearly depicts the historic, current, and expected future trends of fish and shrimps production across the country, market size of fish and shrimp feeds and of course, the key drivers and restraints encompassing the aqua feed market. Government initiatives to boost aquaculture and aqua feed industry have also been precisely incorporated in the study. More importantly, key players, their business and product portfolio have been described. Practical insights of market players are included in the report to give a pragmatic market insight to the investors.
Some of the key findings of the report are:
- Technology Transition in Aqua Farming Drives Growth
- Capacity Expansion Plans by Existing and New Entrants
- Growing Awareness Amongst Farmers Boosts Aqua feed Growth
- Government Initiatives Propel the Adoption of Commercial Feed
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM475.htm
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