India is emerging as a significant commercial feed producer, according to a new report. Indian aquaculture is thriving but the majority of farmers are still feeding farm-made feeds; the transition to commercial feed will take time.
The market research report, “Aquafeed Market Forecast to 2015” anticipates the fish feed market to grow at a CAGR of around 20% from 2013-15. However, the more advanced shrimp feed market is forecasted to post a CAGR growth of around 12% during the same time period.