DUBLIN--(BUSINESS WIRE)--The "Indian Shrimp Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The Indian shrimp feed market reached a production volume of 872,700 Tons in 2017.
One of the primary factors catalysing the growth of the Indian shrimp feed market is the massive marine wealth in India that sustains the development of the aquaculture industry. In addition, the market is also influenced by the commercialisation of vannamei shrimp, supported by a sustained demand from both the developed and developing countries.
The production and export of vannamei has overtaken native species of shrimps like black tiger which were farmed dominantly till 2003.
This acts as another factor facilitating the demand for shrimp feed. Moreover, the availability of improved product varieties and a shift towards the usage of commercially produced shrimp feed have further contributed towards the growth of this market.
Looking forward, the market volume is projected to reach US$ 1,705,898 Tons by 2023, registering a CAGR of 11.1% during 2018-2023.
- Based on type, the market has been segmented as starter grade, grower grade and finisher grade. Currently, starter grade dominates the market, holding the largest share in the Indian shrimp feed market.
- On the basis of ingredient, fishmeal represents the largest segment, followed by fish oil, wheat flour, soybean meal and others.
- Based on additives, the market is segregated as vitamin and protein, fatty acid, antibiotics, antioxidants and feed enzyme. Amongst these, vitamin and protein exhibit a clear dominance in the market.
- Region-wise, the market has been segmented into Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Orissa, and Maharashtra. Amongst these, Andhra Pradesh is the leading market, accounting for the majority of the total share.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Indian Shrimp Feed Industry
6 India Shrimp Feed Market: Market by Type
7 India Shrimp Feed Market: Market by Ingredients
8 India Shrimp Feed Market: Market by Additives
9 India Shrimp Feed Market: Performance of Key Region
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/5xlq8h/indian_shrimp?w=4.