India Aquafeed Market Report Introduction
According to IMARC Group’s report titled "India Aquafeed Market Size, Share, Trends and Forecast by Species, Ingredients, Additives, Product Form, and Region, 2025-2033" the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.
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India Aquafeed Market Overview
The India aquafeed market size reached 1.9 Million Tons in 2024. Looking forward, the market is expected to reach 4.0 Million Tons by 2033, exhibiting a robust CAGR of 8.13% during the forecast period 2025-2033. The country's rich biodiversity in aquatic species and rising seafood demand drive this growth.
India Aquafeed Market Key Takeaways
- Current Market Size: 1.9 Million Tons in 2024
- CAGR: 8.13%
- Forecast Period: 2025-2033
- India is one of the leading aquaculture markets globally due to its rich aquatic biodiversity.
- Rising disposable incomes, health consciousness, and improved cold chain facilities are expanding seafood sales.
- Manufacturers are incorporating natural and organic feed ingredients, improving pellet quality and functional benefits.
- There is a shift from homemade feed to commercial feed, enhancing nutrient bioavailability and reducing environmental impact.
- Government subsidies for fish and shrimp farmers are stimulating industry growth.
India Aquafeed Market Growth Factors
- India’s vast aquaculture market and rich aquatic biodiversity position it among the largest producers globally.
- Rising disposable incomes are increasing overall seafood consumption across the country.
- Growing health awareness is driving higher demand for seafood through organized retail channels such as supermarkets.
- Improvements in cold chain logistics are enabling efficient nationwide distribution of seafood products.
- The shift toward natural and organic raw materials in aquaculture feed is encouraging the use of higher-quality inputs.
- Advances in feed formulations are enhancing pellet quality, including greater stability, durability, density, and reduced fines.
- Increasing availability of commercially manufactured aquaculture feed is replacing traditional home-made feed practices.
- Compared to home-made feed, commercial feeds offer better nutrient bioavailability and reduced environmental impact.
- Government incentives and subsidies, including loans and equipment financing, are supporting investment in fish and shrimp farming.
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India Aquafeed Market Trends
- Rising consumer awareness around health and well-being is increasing preference for natural and organic aquafeed ingredients over synthetic alternatives, driving higher adoption of commercial aquafeeds compared to homemade feeds.
- Aquafeed manufacturers are focusing on quality improvements, including enhanced feed stability, reduced fines, and higher pellet density.
- Expansion of cold chain logistics is enabling seafood products to reach organized retail channels beyond traditional local wet markets.
- Government subsidies and institutional support for fish and shrimp farmers are significantly boosting aquafeed consumption.
- Growth in aquaculture production and rising seafood exports are key contributors to overall market expansion.
- Product diversification is increasing, with aquafeeds available in pellets, extruded forms, powders, and liquids.
- Innovative solutions such as functional feed additives are gaining popularity, supporting improved growth performance and health of farmed species.
- Increasing emphasis on sustainable sourcing of raw materials and eco-friendly feed formulations is shaping production practices across the aquafeed industry.
India Aquafeed Market Segmentation
- Breakup by Species:
Carp Feeds, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Trouts, Others.
Carp feeds hold the majority market share currently.
- Breakup by Ingredients:
Soybean, Corn, Fish Meal, Fish Oil, Additives, Others.
Soybean exhibits a clear dominance in the market.
- Breakup by Additives:
Vitamins and Minerals, Antioxidants, Feed Enzymes, Others.
- Breakup by Product Form:
Pellets, Extruded, Powdered, Liquid.
Pellets account for the largest market share currently.
Regional Insights
- North India
- West and Central India
- South India
- East India
South India currently dominates the India aquafeed market with the largest market share. The market across these regions is growing at a CAGR of 8.13% from 2025 to 2033.
India Aquafeed Market Key Highlights of the Report
- Comprehensive analysis of the India aquafeed market covering species, ingredients, additives, product form, and regional insights.
- Includes detailed company profiles of key players operating in the market.
- Historic market data from 2019-2024 and forecast for 2025-2033 with CAGR analysis.
- Provides insights into market trends, growth drivers, and challenges.
- Offers export-import impact assessment and government subsidy effects on market growth.
- Available in PDF and Excel formats with 10% free customization and post-sale analyst support.
India Aquafeed Market Key Players
- Avanti Feeds Limited
- Godrej Agrovet Limited
- Growel Feeds Pvt. Ltd
- Happy Feeds
- IB Group
- IFB Agro Industries Limited
- Skretting India
- Sreema’s Feeds
- UNO Feeds
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