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India Shrimp Feed Market Size, Share, Trends, Growth: By Type: Grower, Finisher, Starter; By Ingredients: Soybean Meal, Fish Meal, Wheat Flour, Fish Oil, Others; By Additives: Vitamins and Proteins, Fatty Acids, Antioxidants, Feed Enzymes, Antibiotics, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
India Shrimp Feed Market Outlook
The India shrimp market attained a volume of 1.53 million tons in 2023. The market is further expected to grow at a CAGR of 10% between 2024 and 2032.
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Andhra Pradesh Leading the India Shrimp Feed Market
The shrimp feed industry in India is highly structured as the shrimp feed industry caters to the export market. Farmers are expected to maintain certain quality levels and are more likely to choose a more proven feed brand. Andhra Pradesh is the leading region for shrimp feed in India, having the largest market share in the country, followed by West Bengal.
India is increasingly emerging as a major producer of commercial feed from traditional conventional feed consisting of rice/wheat bran and groundnut cake to other agricultural products. The flourishing Indian aquaculture industry also acts as one of the biggest advantages for aquaculture feed producers. India has around 26 aqua feed mills spread across the region. India imports more than 50% of aqua feed from other countries, so there is considerable scope for the domestic production of aquafeed. These factors are likely to boost the growth of the shrimp feed market in India in the forecast period.
Shrimp Feed: Market Segmentation
Shrimp feed helps to maintain the necessary amounts of essential amino acids, vitamins, minerals, fatty acids, and other critical nutrients. Some of the commonly included ingredients in shrimp feed are fish and squid meal, fish oil, lecithin, cereal flour, and other essential and proprietary additives. The use of high quality feed helps to increase shrimp production, income, and minimise the environmental pollution caused by shrimp farming.
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Based on type, the industry can be divided into:
- Grower
- Finisher
- Starter
On the basis of ingredients, the market can be categorised as follows:
- Soybean Meal
- Fish Meal
- Wheat Flour
- Fish Oil
- Others
The additives of shrimp feed can be segmented as follows:
- Vitamins and Proteins
- Fatty Acids
- Antioxidants
- Feed Enzymes
- Antibiotics
- Others
The regional markets for shrimp feed can be divided into Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, and Maharashtra.
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Rising Marine Industry Bolstering the Market Growth
The growth of the shrimp feed market in India is being driven by the vast marine wealth in India that underpins the development of the aquaculture sector. In addition, the market is also affected by the commercialisation of vannamei shrimp, backed by a sustained demand from both developed and developing countries. The production and export of vannamei have exceeded the native species of shrimps, such as the black tiger, which had been cultivated dominantly until 2003. This is another aspect that facilitates the market growth for shrimp feed in the country. In addition, the availability of improved product varieties and the shift towards the use of commercially processed shrimp feed have further contributed to the growth of this industry.
Key Industry Players in the India Shrimp Feed Market
The report gives a detailed analysis of the following key players in the India shrimp feed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- CPF (India) Private Limited
- Coastal Feeds
- Godrej Agrovet
- Grobest
- Growel Feeds PVT. LTD.
- Avanti Feeds Limited
- The Waterbase Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Ingredients |
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| Breakup by Additives |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 India
7 Opportunities and Challenges in the Market
8 India Shrimp Feed Market Analysis
8.1 Key Industry Highlights
8.2 India Shrimp Feed Historical Market (2018-2023)
8.3 India Shrimp Feed Market Forecast (2024-2032)
8.4 India Shrimp Feed Market by Type
8.4.1 Grower
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Finisher
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Starter
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 India Shrimp Feed Market by Ingredients
8.5.1 Soybean Meal
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Fish Meal
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Wheat Flour
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 0Forecast Trend (2024-2032)
8.5.4 Fish Oil
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Others
8.6 India Shrimp Feed Market by Additives
8.6.1 Vitamins and Proteins
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Fatty Acids
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Antioxidants
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Feed Enzymes
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Antibiotics
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Others
8.7 India Shrimp Feed Market by Region
8.7.1 Andhra Pradesh
8.7.2 West Bengal
8.7.3 Tamil Nadu and Pondicherry
8.7.4 Gujarat
8.7.5 Odisha
8.7.6 Maharashtra
8.7.7 Others
9 Regional Analysis
9.1 Andhra Pradesh
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 West Bengal
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Tamil Nadu and Pondicherry
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Gujarat
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Odisha
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Maharashtra
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 CPF (India) Private Limited
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Coastal Feeds
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Godrej Agrovet
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Grobest
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Growel Feeds PVT. LTD.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Avanti Feeds Limited
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 The Waterbase Limited
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Shrimp Feed Market: Key Industry Highlights, 2018 and 2032
2. India Shrimp Feed Historical Market: Breakup by Type (Million Tons), 2018-2023
3. India Shrimp Feed Market Forecast: Breakup by Type (Million Tons), 2024-2032
4. India Shrimp Feed Historical Market: Breakup by Ingredients (Million Tons), 2018-2023
5. India Shrimp Feed Market Forecast: Breakup by Ingredients (Million Tons), 2024-2032
6. India Shrimp Feed Historical Market: Breakup by Additives (Million Tons), 2018-2023
7. India Shrimp Feed Market Forecast: Breakup by Additives (Million Tons), 2024-2032
8. India Shrimp Feed Historical Market: Breakup by Region (Million Tons), 2018-2023
9. India Shrimp Feed Market Forecast: Breakup by Region (Million Tons), 2024-2032
10. India Shrimp Feed Market Structure
Key Questions Answered in the Report
In 2023, the India shrimp feed market attained a volume of 1.53 million tons.
The market is projected to grow at a CAGR of 10% between 2024 and 2032.
The major market drivers are the rising population, growing disposable incomes, the easy availability of shrimp, the robust growth of the aquaculture sector, the growing awareness regarding nutritional benefits of shrimp, and rising demand for commercially produced feed.
The key trends guiding the market include rising investments by the key players to produce aquafeed and vast marine wealth in India.
The major regions in the market are Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, and Maharashtra, among others.
The leading types of shrimp feed in the market are grower, finisher, and starter.
The major ingredients of shrimp feed in the market are soybean meal, fish meal, wheat flour, and fish oil, among others.
The significant additives of shrimp feed in the market are vitamins and proteins, fatty acids, antioxidants, feed enzymes, and antibiotics, among others.
The major players in the market are CPF (India) Private Limited, Coastal Feeds, Godrej Agrovet, Grobest, Growel Feeds PVT. LTD., Avanti Feeds Limited, and The Waterbase Limited, among others.
Analyst Review
The India shrimp feed market attained a volume of 1.53 million tons in 2023, driven by the rising demand for aquafeed. Aided by the growing aquaculture industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 10%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is divided into grower, finisher, and starter. Based on ingredients, the industry is segmented into soybean meal, fish meal, wheat flour, and fish oil, among others. On the basis of additive, the market is categorised into vitamins and proteins, fatty acids, antioxidants, feed enzymes, and antibiotics, among others. The major regional markets for shrimp feed in India are Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Odisha, and Maharashtra, with Andhra Pradesh representing the leading regional market. The key players in the above market include CPF (India) Private Limited, Coastal Feeds, Godrej Agrovet, Grobest, Growel Feeds PVT. LTD., Avanti Feeds Limited, and The Waterbase Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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