May 20, 2013

India's aqua feed market to see 20% growth

India's aqua feed industry is forecast to grow at a compound annual growth rate (CAGR) of about 20% during 2012-13 to 2014-15, according to the new report by Research and Markets.

However, the more advanced shrimp feed market is forecast to post a CAGR growth of about 12% during the same time period.

India, once a producer of traditional aqua-feed, comprising of rice, wheat bran, ground nut cake, and other agro products, is now emerging as a major producer of commercial feed.

The thriving Indian aquaculture industry is the biggest advantage for aqua-feed manufacturers. However, the transition towards commercial feed will take time, as the majority of aqua-farmers are still using traditional feed.