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PUBLISHER: IMARC | PRODUCT CODE: 1792326
PUBLISHER: IMARC | PRODUCT CODE: 1792326
India Aquafeed Market Report by Species (Carp Feeds, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater Crustaceans, Trouts, and Others), Ingredients, Additives, Product Form, and Region 2025-2033
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The India aquafeed market size reached 1.9 Million Tons in 2024. Looking forward, IMARC Group expects the market to reach 4.0 Million Tons by 2033, exhibiting a growth rate (CAGR) of 8.13% during 2025-2033.
India represents one of the leading aquaculture markets across the globe on account of the rich biodiversity of aquatic species. Consequently, there is a high demand for aquafeed in the country to meet the growing need of aquaculture farmers and the expanding export businesses.
With increasing disposable incomes, growing health consciousness and improving cold chain facilities, seafood sales have expanded from local wet markets to organized retail channels, such as supermarkets. This represents one of the key factors fueling the growth of the aquafeed market in India. Moreover, the growing trend of natural and organic feeds has prompted manufacturers to incorporate high-quality raw materials that offer functional advantages and lower the usage of synthetic components. They are also enhancing the stability of feed pellets, reducing fine proportion, and improving pellets density and extension. Another major factor driving the industry growth is t significant shift from homemade feed to commercially available product variants. Along with enhancing the bioavailability of various nutrients, the commercial feed also helps in reducing environmental pollution and increasing profit margins. Furthermore, the Government of India is offering various subsidies for fish and shrimp farmers, which in turn is stimulating the growth of the aquafeed industry.
Key Market Segmentation:
Breakup by Species:
- Carp Feeds
- Marine Shrimps
- Tilapias
- Catfishes
- Marine Fishes
- Salmons
- Freshwater (FW) Crustaceans
- Trouts
- Others
Breakup by Ingredients:
- Soybean
- Corn
- Fish Meal
- Fish Oil
- Additives
- Others
Breakup by Additives:
- Vitamins and Minerals
- Antioxidants
- Feed Enzymes
- Others
Breakup by Product Form:
- Pellets
- Extruded
- Powdered
- Liquid
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alltech Biotechnology Pvt. Ltd. (Alltech, Inc.), Avanti Feeds Limited, Cargill India Private limited (Cargill Inc.), Godrej Agrovet Limited (Godrej Group), Growel Feeds Private Limited, IB Group, Skretting Aquaculture India Private Limited (Nutreco NV) and UNO Feeds.
Key Questions Answered in This Report
- 1.What was the size of the India aquafeed market in 2024?
- 2.What is the expected growth rate of the India aquafeed market during 2025-2033?
- 3.What are the key factors driving the India aquafeed market?
- 4.What has been the impact of COVID-19 on the India aquafeed market?
- 5.What is the breakup of the India aquafeed market based on the species?
- 6.What is the breakup of the India aquafeed market based on the ingredients?
- 7.What is the breakup of the India aquafeed market based on the product form?
- 8.What are the key regions in the India aquafeed market?
Product Code: SR112025A3170
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 India Aquafeed Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Species
- 6.1 Carp Feeds
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Marine Shrimps
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Tilapias
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Catfishes
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Marine Fishes
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Salmons
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Freshwater (FW) Crustaceans
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Trouts
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
- 6.9 Others
- 6.9.1 Market Trends
- 6.9.2 Market Forecast
7 Market Breakup by Ingredients
- 7.1 Soybean
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Corn
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Fish Meal
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Fish Oil
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Additives
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Additives
- 8.1 Vitamins and Minerals
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Antioxidants
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Feed Enzymes
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Product Form
- 9.1 Pellets
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Extruded
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Powdered
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Liquid
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North India
- 10.1.1 Market Trends
- 10.1.2 Market Breakup by State
- 10.1.3 Market Forecast
- 10.2 West and Central India
- 10.2.1 Market Trends
- 10.2.2 Market Breakup by State
- 10.2.3 Market Forecast
- 10.3 South India
- 10.3.1 Market Trends
- 10.3.2 Market Breakup by State
- 10.3.3 Market Forecast
- 10.4 East India
- 10.4.1 Market Trends
- 10.4.2 Market Breakup by State
- 10.4.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Policy and Regulatory Landscape
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Alltech Biotechnology Pvt. Ltd. (Alltech, Inc.)
- 16.3.2 Avanti Feeds Limited
- 16.3.3 Cargill India Private limited (Cargill Inc.)
- 16.3.4 Godrej Agrovet Limited (Godrej Group)
- 16.3.5 Growel Feeds Private Limited
- 16.3.6 IB Group
- 16.3.7 Skretting Aquaculture India Private Limited (Nutreco NV)
- 16.3.8 UNO Feeds
Product Code: SR112025A3170
List of Figures
- Figure 1: India: Aquafeed Market: Major Drivers and Challenges
- Figure 2: India: Aquafeed Market: Sales Volume (in Million Tons), 2019-2024
- Figure 3: India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 4: India: Aquafeed Market: Breakup by Species (in %), 2024
- Figure 5: India: Aquafeed Market: Breakup by Ingredients (in %), 2024
- Figure 6: India: Aquafeed Market: Breakup by Additives (in %), 2024
- Figure 7: India: Aquafeed Market: Breakup by Product Form (in %), 2024
- Figure 8: India: Aquafeed Market: Breakup by Region (in %), 2024
- Figure 9: India: Aquafeed (Carp Feeds) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 10: India: Aquafeed (Carp Feeds) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 11: India: Aquafeed (Marine Shrimps) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 12: India: Aquafeed (Marine Shrimps) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 13: India: Aquafeed (Tilapias) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 14: India: Aquafeed (Tilapias) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 15: India: Aquafeed (Catfishes) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 16: India: Aquafeed (Catfishes) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 17: India: Aquafeed (Marine Fishes) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 18: India: Aquafeed (Marine Fishes) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 19: India: Aquafeed (Salmons) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 20: India: Aquafeed (Salmons) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 21: India: Aquafeed (Freshwater Crustaceans) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 22: India: Aquafeed (Freshwater Crustaceans) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 23: India: Aquafeed (Trouts) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 24: India: Aquafeed (Trouts) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 25: India: Aquafeed (Other Species) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 26: India: Aquafeed (Other Species) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 27: India: Aquafeed (Soybean) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 28: India: Aquafeed (Soybean) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 29: India: Aquafeed (Corn) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 30: India: Aquafeed (Corn) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 31: India: Aquafeed (Fish Meal) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 32: India: Aquafeed (Fish Meal) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 33: India: Aquafeed (Fish Oil) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 34: India: Aquafeed (Fish Oil) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 35: India: Aquafeed (Additives) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 36: India: Aquafeed (Additives) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 37: India: Aquafeed (Other Ingredients) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 38: India: Aquafeed (Other Ingredients) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 39: India: Aquafeed (Vitamins and Minerals) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 40: India: Aquafeed (Vitamins and Minerals) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 41: India: Aquafeed (Antioxidants) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 42: India: Aquafeed (Antioxidants) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 43: India: Aquafeed (Feed Enzymes) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 44: India: Aquafeed (Feed Enzymes) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 45: India: Aquafeed (Other Additives) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 46: India: Aquafeed (Other Additives) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 47: India: Aquafeed (Pellets) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 48: India: Aquafeed (Pellets) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 49: India: Aquafeed (Extruded) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 50: India: Aquafeed (Extruded) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 51: India: Aquafeed (Powdered) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 52: India: Aquafeed (Powdered) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 53: India: Aquafeed (Liquid) Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 54: India: Aquafeed (Liquid) Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 55: North India: Aquafeed Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 56: North India: Aquafeed Market: Breakup by State (in %), 2024
- Figure 57: North India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 58: West and Central India: Aquafeed Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 59: West and Central India: Aquafeed Market: Breakup by State (in %), 2024
- Figure 60: West and Central India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 61: South India: Aquafeed Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 62: South India: Aquafeed Market: Breakup by State (in %), 2024
- Figure 63: South India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 64: East India: Aquafeed Market: Sales Volume (in Million Tons), 2019 & 2024
- Figure 65: East India: Aquafeed Market: Breakup by State (in %), 2024
- Figure 66: East India: Aquafeed Market Forecast: Sales Volume (in Million Tons), 2025-2033
- Figure 67: India: Aquafeed Industry: SWOT Analysis
- Figure 68: India: Aquafeed Industry: Value Chain Analysis
- Figure 69: India: Aquafeed Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: India: Aquafeed Market: Key Industry Highlights, 2024 and 2033
- Table 2: India: Aquafeed Market Forecast: Breakup by Species (in Million Tons), 2025-2033
- Table 3: India: Aquafeed Market Forecast: Breakup by Ingredients (in Million Tons), 2025-2033
- Table 4: India: Aquafeed Market Forecast: Breakup by Additives (in Million Tons), 2025-2033
- Table 5: India: Aquafeed Market Forecast: Breakup by Product Form (in Million Tons), 2025-2033
- Table 6: India: Aquafeed Market Forecast: Breakup by Region (in Million Tons), 2025-2033
- Table 7: India: Aquafeed Market: Competitive Structure
- Table 8: India: Aquafeed Market: Key Players
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