The new report “Indian Commercial Aquafeed Market - The Changing Market Landscape” provides in-depth study of India's aquaculture industry's performance in terms of inland and marine aquaculture production, along with the demand of commercial aquafeed in the coming years.
According to the study, Andhra Pradesh has developed strong inland fish production capacity and contribution from inland sector increased from 1.1 Million Tonnes in 2010-11 to 1.6 Million Tonnes in 2015-16. Andhra Pradesh accounts for 22% of India’s total commercial aquafeed consumption followed by West Bengal; however, the penetration of commercial aquafeed is still at 10% for finfish category and a little higher for shellfish category in Andhra Pradesh. This makes the state an attractive investment destination for aquafeed manufacturers.
West Bengal is another key state that offers huge potential for aquafeed manufacturers, the state ranks second in fish production and penetration of commercial aquafeed hovers around just 15% for shellfish category. This is significantly low compared to states like Gujarat & Goa, wherein penetration of commercial aquafeed for shellfish category is around 50% in both states.
The report includes state-wise fish production volume for inland and marine fishes and state-wise potential demand for commercial aquafeed and its consumption for year 2015-16. For the major aquacultured finfishes like carps, tilapia and catfishes, along with aquacultured shellfish, the report provides production forecast till 2020. Due to increase in aquaculture cultivation, the demand for production and consumption of aquafeed is expected to increase. Therefore, report also covers the aquaculture feed market forecast till 2020, along with the production and consumption of aquafeed.
The report also includes a section on the major ingredients used in commercial finfish feed, to understand and evaluate the kind of ingredients that will be in demand with the increase in aquaculture production.
The report also depicts central and state governments initiatives for promoting aquaculture production and industry restraints of the commercial aquafeed market as well as technological advancements in aquaculture industry. Moreover, the report also includes business overview of key industry players, along with comprehensive outlook of the sector’s present and future scenario.
