According to the latest report by IMARC Group, titled “Indian Shrimp Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Indian shrimp feed market reached a value of US$ 1.05 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 19.3% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Shrimp feed is the commercially available food formulation that is widely utilized to fulfill the nutritional requirements of farmed shrimps. It is fortified with feed additives that aid in enhancing the nutritional content of the product. Its consumption aids in regulating adequate levels of essential nutrients, such as vitamins, minerals, fatty acids and amino acids, that are pertinent in facilitating growth rates of the cultivated shrimps at the desired harvesting size. The usage of good quality feed also promotes healthy growth while boosting the immunity of shrimps against numerous diseases. Often characterized by improved palatability and water stability, they are commonly utilized to enhance the harvest yield and the overall profitability of shrimp farming.
Indian Shrimp Feed Market Trends:
The market in India is majorly driven by the increasing consumption of shrimps across the country. With the inflating disposable income levels of the masses and their shifting dietary preferences, there has been a rising demand for protein-rich food, including seafood, which has provided an impetus to the market growth. This is further supported by the growing health consciousness among the masses and the prevalence of massive marine wealth in India. The market is also driven by the escalating popularity of ready- and easy-to-cook shrimp products across the country, along with considerable developments across the online and offline organized retail sector. This has encouraged farmers to utilized high-quality feed to promote better farm output, thereby creating a positive outlook for the market. Furthermore, numerous key players are adopting advanced techniques that are aimed to enhance the stability and performance of the additives. This, along with the significant expansion of shrimp farming and continual technological advancement in feed production, is acting as a major growth-inducing factor. Other factors, including significant growth in the food industry and the commercialization of vannamei shrimp in the country, are also contributing to the market growth.
Indian Shrimp Feed Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the indian shrimp feed market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the indian shrimp feed market on the basis of type, ingredients, additives and Key Regions.
Breakup by Type:
- Starter Grade
- Grower Grade
- Finisher Grade
Breakup by Ingredients:
- Fish Meal
- Fish Oil
- Wheat Flour
- Soybean
- Others
Breakup by Additives:
- Vitamin and Protein
- Fatty Acid
- Antibiotics
- Antioxidant
- Feed Enzyme and Others
Breakup by Key Regions:
- Andhra Pradesh
- West Bengal
- Tamil Nadu & Pondicherry
- Gujarat
- Orissa
- Maharashtra
- Others
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/indian-shrimp-feed-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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