India Aquafeed Market Analysis: Trends, Size, Share, Growth and Report 2025-2033

India Aquafeed Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: 1.9 Million Tons

Market Forecast in 2033: 4.0 Million Tons

Market Growth Rate: 8.13% (2025-2033)

The India aquafeed market size reached 1.9 Million Tons in 2024 and is expected to reach 4.0 Million Tons by 2033, exhibiting a growth rate (CAGR) of 8.13% during 2025-2033.

India Aquafeed Market Trends:

The India Aquafeed Market is witnessing dynamic shifts, driven by expansion of seafood sales from local wet markets to organized retail channels, increasing disposable incomes, growing health consciousness, improved cold chain facilities, and a shift towards natural and organic feeds. Basically, there is a growing demand for sustainable and efficient aquafeed solutions, as manufacturers enhance feed pellet stability, reduce fine proportions, and improve density and extension to meet aquaculture needs. Moreover, the increasing focus on nutrient bioavailability and environmental sustainability, particularly in reducing pollution from feed waste, has amplified the adoption of commercial aquafeed over homemade variants. In addition, the adoption of advanced feed formulations for diverse aquatic species is gaining traction, catering to the needs of farmers in both freshwater and marine environments. Furthermore, the rise of eco-friendly and sustainable raw materials in feed production is reshaping the market, aligning with global environmental concerns. The market is also seeing innovation in product offerings, such as specialized feeds for high-value species like shrimp and fish, tailored for optimal growth and health.

Basically, the India Aquafeed Market is being transformed by technological innovation, health-conscious consumer behavior, and sustainability trends. Additionally, the integration of advanced manufacturing techniques for better feed efficiency and the growing emphasis on organic ingredients are enhancing product quality and market appeal. Furthermore, the growing popularity of aquaculture exports and modern farming practices is driving demand for high-performance aquafeed. In conclusion, the convergence of sustainability, technological advancements, and consumer demand for quality seafood is positioning aquafeed as a critical component of India’s evolving aquaculture and food security solutions.

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India Aquafeed Market Scope and Growth Analysis:

The scope and growth potential of the India Aquafeed Market are expansive, supported by increasing consumer preference for seafood, adoption of sustainable raw materials, and India's position as a leading global aquaculture market with rich aquatic biodiversity. Basically, the market caters to a wide range of applications, including feeds for various species in freshwater and marine aquaculture, each with unique nutritional requirements. Moreover, the untapped potential in rural and semi-urban areas presents significant opportunities, as rising disposable incomes and government support drive demand for affordable and efficient aquafeed. In addition, government initiatives promoting aquaculture through subsidies for fish and shrimp farmers are creating a favorable environment for the adoption of advanced feed technologies. Furthermore, the growing emphasis on export-oriented aquaculture and sustainability in sectors like shrimp farming and fish production is fueling demand for robust feed systems. The market’s expansion is also supported by the increasing penetration of e-commerce platforms, which enhance product accessibility and consumer choice.

Basically, the India Aquafeed Market is poised for robust growth, driven by increasing seafood consumption, infrastructure development, and technological innovation. Additionally, the focus on energy efficiency and sustainability is encouraging manufacturers to develop eco-friendly and cost-effective solutions, aligning with global trends. Furthermore, strategic collaborations between manufacturers and distributors are fostering product diversification and market penetration. In conclusion, the market’s ability to address evolving consumer needs and leverage technological advancements ensures its pivotal role in India’s aquaculture and sustainability initiatives, making it a cornerstone of the country’s food production and export ecosystem.

We explore the factors propelling the India aquafeed market**** growth, including technological advancements, consumer behaviors, and regulatory changes.

Competitor Landscape:

• 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

India Aquafeed Industry Segmentation:

The report has segmented the market into the following categories:

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

Other key areas covered in the report:

• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

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