Indian Shrimp Feed Market Size, Share, Trends, Leading Companies, Regional Analysis and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Indian Shrimp Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The Indian shrimp feed market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 18.8% during 2023-2028.

Shrimp feed is the commercially available food formulation that is widely utilized to fulfill the nutritional requirements of farmed shrimps. It is fortified with feed additives that aid in enhancing the nutritional content of the product. Its consumption aids in regulating adequate levels of essential nutrients, such as vitamins, minerals, fatty acids and amino acids, that are pertinent in facilitating growth rates of the cultivated shrimps at the desired harvesting size. The usage of good quality feed also promotes healthy growth while boosting the immunity of shrimps against numerous diseases. Often characterized by improved palatability and water stability, they are commonly utilized to enhance the harvest yield and the overall profitability of shrimp farming.

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Indian Shrimp Feed Market Trends:

The market in India is majorly driven by the increasing consumption of shrimps across the country. With the inflating disposable income levels of the masses and their shifting dietary preferences, there has been a rising demand for protein-rich food, including seafood, which has provided an impetus to the market growth. This is further supported by the growing health consciousness among the masses and the prevalence of massive marine wealth in India. The market is also driven by the escalating popularity of ready- and easy-to-cook shrimp products across the country, along with considerable developments across the online and offline organized retail sector. This has encouraged farmers to utilized high-quality feed to promote better farm output, thereby creating a positive outlook for the market. Furthermore, numerous key players are adopting advanced techniques that are aimed to enhance the stability and performance of the additives. This, along with the significant expansion of shrimp farming and continual technological advancement in feed production, is acting as a major growth-inducing factor. Other factors, including significant growth in the food industry and the commercialization of vannamei shrimp in the country, are also contributing to the market growth.

Indian Shrimp Feed Market 2023- 2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Indian shrimp feed market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Indian shrimp feed market on the basis of type, ingredient, additives and region.

Breakup by Type:

  • Starter Grade
  • Grower Grade
  • Finisher Grade

Breakup by Ingredient:

  • Fish Meal
  • Fish Oil
  • Wheat Flour
  • Soybean
  • Others

Breakup by Additives:

  • Vitamin and Protein
  • Fatty Acid
  • Antibiotics
  • Antioxidant
  • Feed Enzyme and Others

Breakup by Region:

  • Andhra Pradesh
  • West Bengal
  • Tamil Nadu and Pondicherry
  • Gujarat
  • Odisha
  • Maharashtra
  • Others

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