India Aquaculture Feed Market - Segmented by Type - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The India Aquaculture Feed Market was valued at USD 1.20 billion in 2017 and is expected to register a CAGR of 10.4% during the forecast period (2018-2023). India feed mills have the capacity to produce 2.88 million metric ton. Andhra Pradesh is the largest feed consuming state in India. The coastal line of the country is about 7,517 kilometers with 195.20 kilometers of river and canal systems. The country consists of 14 rivers, 44 medium rivers, and many small rivers. The country also has tanks and ponds. By these sources, it is clear that the aquaculture industry is huge in India which provides huge opportunity and potential for aquaculture feed industry.

The market is segmented based on the type of feed like fish feed, mollusks feed, crustaceous feed. The fish feed is further sub segmented into carp feed, salmon feed, tilapia feed, catfish feed and others. Carps account for 89% of the total fresh water aquaculture production in the country. There are four types of carps feed available in the Indian market. They are carp spawn feed, carp fry feed, carp grow-out feed, carp brood feed. The farming of tilapia fish is limited in India but the production of tilapia feed is huge.

Overview on Feed Ingredients

There are many available feed ingredients for aquaculture industry. Fresh water aquaculture constitutes few important and majorly used feed ingredients like deoiled rice bran, wheat bran, cotton seed cake, and groundnut cake. Fish meal, squid meal, cereal flour, squid meal, fish oils, propriety additives are used in shrimp feed industry formulations. Farm made feed consists of mixture of rice bran, wheat bran and oilseed cake. The aqua feed market has witnessed an exponential growth due to growing consumption of seafood and growth of aquaculture industry.


Contract Farming Initiatives by Exporters

The key drivers behind the increasing demand for aquaculture feed is contract farming. Under the scheme of contract farming the farmers are provided with the aqua feed needed for the growth of aquaculture. For example Oceanic Edibles International Ltd has initiated a contract farming with group of farmers and Indian overseas bank for shrimp production. Oceanic supplied the farmers with feed for the production. Owing to the increase in health consciousness, people are consuming residue free food which is building pressure on exporters to grow the seafood which are good for health. This has huge effect on the aqua feed industry as proper feed to aqua animals will help in the growth of animals without any diseases.


Easy Susceptibility to Diseases

The aquaculture industry is easily prone to diseases due to the contagious nature of diseases. A disease effected, single aqua animal can cause the complete destruction to all the animals of same breed in the particular region. This is due to the transfer of disease through water. There is a huge demand for fresh water fish and shrimp in India and they are grown in small water bodies. These fresh water fish and shrimp are easily susceptible to diseases. Due to the sudden outbreak of disease, farmers stop feeding the aqua animals with high quality food. So, the sudden outbreak of the disease is effecting the growth of aquaculture industry. 

Key Developments of India Aquaculture Feed Market

  • Jan 2018 – Cargill opened its fish feed mill investing USD 10 million in India in order to produce feed for tilapia and other warm water species. It was acquired from Mulpuri foods and feeds.
  • Jan 2018 – The fisheries department in Telangana has released USD 0.16 million hatchery reared prawns varieties into 10 major reservoir sin the state.

Major Players:  Aller Aqua, Altech Inc,, Archer Daniels Midland Co, BASF SE, Biomin GmbH, Cargill Inc, Nutreco NV, Skretting, UNO Feeds,  Growel Feeds Private Limited, list not exhaustive.




Aquaculture Feed Market

Study Period

(2014 – 2023)

Market Size in 2017

USD 1.2 billion

Market Size in 2023

USD 2.3 billion

Growth Rate


Key Developments

  • Jan 2018 – Cargill opened its fish feed mill investing USD 10 million in India. 
  • Jan 2018 – The fisheries department in Telangana launches pilot on shrimp cultivation.

Companies Covered

Aller Aqua, Altech Inc,, Archer Daniels Midland Co, BASF SE, Biomin GmbH amongst others.

Report Offerings

 India Aquaculture Market offers latest trends, growth prospects, industry competitiveness, major players, regional market share and forecast to 2023.

Reasons to Purchase the Report

  • To have an understanding of the fastest growing regions  in the India aquaculture feed and growth trends during the forecast period
  • The report outlines drives, restraints, and trends that are currently effecting the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The report covers in-detail insights about the competitors’ overview and company share analysis
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

      Customization of the Report

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1. Introduction                                 

                1.1 Market Definition                    

                1.2 Key Findings of the Study                     

2. Research Scope & Methodology                                         

                2.1 Study Deliverables                  

                2.2 Study Assumptions                 

                2.3 Research Methodology                         

                2.4 Research Phases                      

3. Market Dynamics                                       

                3.1 Drivers          

                                3.1.1 Increase in Export of Seafood         

                                3.1.2 Contract Farming Initiatives by Exporters  

                                3.1.3 Increasing Demand for Fresh Water Fish and Shrimp           

                3.2 Restraints                    

                                3.2.1 Government Regulations

                                3.2.2 Lack of Availability of Skilled Labors              

                                3.2.3 Easy Susceptibility to Diseases        

                3.3 Porter's Five Forces Analysis                               

                                3.3.1 Bargaining Power of Suppliers        

                                3.3.2 Bargaining Power of Buyers             

                                3.3.3 Threat of New Entrants     

                                3.3.4 Threat of Substitute Products and Services              

                                3.3.5 Degree of Competition      

4. Market Segmentation                                              

                4.1 By Type                        

                                4.1.1 Fish Feed 

                                       Carp Feed

                                       Salmon Feed

                                       Tilapia Feed

                                       Catfish Feed


                                4.1.2 Mollusks Feed       

                                4.1.3 Crustaceans Feed

                                4.1.4 Others      

5. Competitive Landscape                                           

                5.1 Mergers, Acquisitions, Joint Ventures, and Collaborations                                                    

                5.2 Market Share Analysis                                           

                5.3 Strategies Adopted by Leading Players                          

6. Company Profiles                                       

                6.1 Aller Aqua                                   

                6.2 Altech Inc.                                   

                6.3 Archer Daniels Midland Co.                                 

                6.4 Avanti                           

                6.6 BASF SE                                        

                6.7 Biomin GmbH                                            

                6.8 Cargill Inc.                                    

                6.9 CP                   

                6.10 Nutreco NV                                              

                6.11 Skretting                                                   

                6.12 UNO Feeds                              

                6.13 Growel Feeds Private Limited                          

                6.14 Water Base                              

                List Not Exhaustive                         

7. Future Outlook of the Market                                              

8. Appendix                                       

9. Disclaimer                                      

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