India Aquafeed Market is expected to reach US$ 5.92 billion by 2033 from US$ 4.03 billion in 2024, with a CAGR of 4.37% from 2025 to 2033. Growing health consciousness, better cold chain facilities, and rising disposable incomes have caused the sale of seafood to move from neighborhood wet markets to organized retail outlets like supermarkets. This is one of the main elements driving the aquafeed market's expansion in India.
India Aquafeed Market Report by Species (Carp Feeds, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Trouts, Others), Ingredients (Soybean, Corn, Fish Meal, Fish Oil, Additives, Others), Additives (Vitamins and Minerals, Antioxidants, Feed Enzymes, Others), Product Form (Pellets, Extruded, Powdered, Liquid), Top States (Maharashtra, Tamil Nadu, Karnataka, Gujarat, Uttar Pradesh, West Bengal, Rajasthan, Telangana, Andhra Pradesh, Madhya Pradesh) and Company Analysis, 2025-2033.
Specialized feeds for various species and growth stages have been developed as a result of increased attention to feed quality, illness resistance, and growth performance. To provide feeds that increase digestibility, boost feed conversion ratios, and reduce environmental impact, businesses are spending money on research and development. The use of nutritionally enhanced floating and sinking pellet feeds has also been aided by the government's quest for sustainable aquaculture methods. Innovation and growth in the aquafeed industry are being fueled by changing consumer demand, export prospects, and growing farmer awareness. Consistent growth is nonetheless hampered by issues like shifting raw material prices, a lack of cold-chain infrastructure, and deficiencies in farmer training. Particularly in isolated or undeveloped aquaculture zones, regional differences in feed accessibility and knowledge transmission continue to be an issue. Notwithstanding these obstacles, the aquafeed sector in India is still growing thanks to supportive laws, growing fish consumption, and a growing trend toward intensive aquaculture methods. Further consolidation, investments in value-added feeds, and a more thorough integration of sustainability throughout the production cycle are all recommended by the prognosis for the future.
India Aquafeed Market Report by Species (Carp Feeds, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Trouts, Others), Ingredients (Soybean, Corn, Fish Meal, Fish Oil, Additives, Others), Additives (Vitamins and Minerals, Antioxidants, Feed Enzymes, Others), Product Form (Pellets, Extruded, Powdered, Liquid), Top States (Maharashtra, Tamil Nadu, Karnataka, Gujarat, Uttar Pradesh, West Bengal, Rajasthan, Telangana, Andhra Pradesh, Madhya Pradesh) and Company Analysis, 2025-2033.
India Aquafeed Industry Overview
Over the past ten years, India's aquafeed business has grown significantly due to the country's rapidly expanding aquaculture and rising demand for high-quality, nutritionally balanced feed. India is one of the biggest producers of fish and shrimp in the world, and its aquaculture industry is essential to the nation's food security, rural jobs, and export revenue. Naturally, this expansion has increased demand for commercial aquafeed, which has replaced conventional feed techniques with more scientifically developed goods. Freshwater fish (like rohu and catla), brackish water species (like shrimp), and increasingly high-value species (like pangasius and tilapia) are the main consumers of the feed industry. The feed value chain has been modernized thanks to a combination of government assistance, private sector investment, and technology developments.Specialized feeds for various species and growth stages have been developed as a result of increased attention to feed quality, illness resistance, and growth performance. To provide feeds that increase digestibility, boost feed conversion ratios, and reduce environmental impact, businesses are spending money on research and development. The use of nutritionally enhanced floating and sinking pellet feeds has also been aided by the government's quest for sustainable aquaculture methods. Innovation and growth in the aquafeed industry are being fueled by changing consumer demand, export prospects, and growing farmer awareness. Consistent growth is nonetheless hampered by issues like shifting raw material prices, a lack of cold-chain infrastructure, and deficiencies in farmer training. Particularly in isolated or undeveloped aquaculture zones, regional differences in feed accessibility and knowledge transmission continue to be an issue. Notwithstanding these obstacles, the aquafeed sector in India is still growing thanks to supportive laws, growing fish consumption, and a growing trend toward intensive aquaculture methods. Further consolidation, investments in value-added feeds, and a more thorough integration of sustainability throughout the production cycle are all recommended by the prognosis for the future.
Key Factors Driving the India Aquafeed Market Growth
Growth of Aquaculture Operations
India is one of the top producers of aquaculture worldwide, and both inland and coastal farms are expanding quickly. The need for commercial, nutritionally balanced aquafeed has grown dramatically as farmers transition from traditional to more intensive and semi-intensive farming methods. Particularly in coastal areas like Andhra Pradesh and Tamil Nadu, the growth of shrimp aquaculture has been a major factor in fuel demand. Aquaculture is becoming increasingly organized due to rising local consumption and export prospects, which increases the necessity for uniform feed across species and geographical areas.Growing Knowledge of and Acceptance of Scientific Feeding Methods
In order to guarantee higher growth rates, disease resistance, and feed conversion ratios, Indian aquaculture producers are realizing more and more how crucial it is to use premium, species-specific feed. The market is expanding faster as a result of the switch from using farm-made or raw feed to commercial feed. Governmental, commercial, and non-profit training programs are boosting aquaculture sustainability, increasing farm output, and teaching farmers about the advantages of specially designed feed. A long-term move toward feeding practices supported by science is being encouraged by this increased understanding.Innovation in Products and Technological Developments
More effective, species-specific, and ecologically friendly feed products are being developed as a result of ongoing research and development efforts by both domestic and foreign feed producers. Innovations that address particular nutritional demands and save waste include probiotic-enhanced feed, floating/sinking pellets, and organic feed compositions. Additionally, improved feed management and monitoring are made possible by the combination of digital tools and precision farming technologies. These developments not only increase farmers' production and profitability but also establish aquafeed as a vital component of contemporary aquaculture, which fuels market expansion.Challenges in the India Aquafeed Market
Price fluctuations for raw materials and reliance on supplies
A significant obstacle facing the aquafeed sector in India is the erratic availability and fluctuating cost of essential raw materials including fish meal, soybean meal, and maize. Commercial feed production relies heavily on these ingredients, and any disruption in their supply - whether from climate change, import limitations, or changes in world prices - can have a big impact on pricing and production costs. It is challenging for feed producers to maintain constant quality and affordability because of this volatility. Furthermore, the business is exposed to global market concerns due to its substantial reliance on imports for some materials, which restricts smaller firms' capacity to scale and plan for the future.Farmers' Lack of Technical Knowledge and Awareness
Due to a lack of knowledge about the advantages of commercial feed, a significant portion of aquaculture farmers - particularly small-scale and rural ones - continue to use conventional or farm-made feed despite its expanding use. Many do not have access to scientific knowledge, training, or advisory help regarding water quality management, feeding schedules, or feed choices. This lack of understanding deters long-term investment in high-quality feed in addition to causing inefficient feed utilization and slow growth rates. Adoption at scale is further impacted by logistical obstacles and insufficient last-mile delivery infrastructure in remote locations, which make commercial feed inconsistently available.India Aquafeed Market Overview by Regions
India's aquafeed market is regionally focused, with inland areas like West Bengal and Bihar driving increase in the consumption of freshwater fish feed, and coastal states like Andhra Pradesh, Tamil Nadu, and Odisha having high demand. The following provides a market overview by region:
Maharashtra Aquafeed Market
The state's burgeoning inland aquaculture industry and the growing demand for freshwater fish like rohu and catla are driving Maharashtra's aquafeed market's steady growth. The state is seeing a slow transition from conventional feeding techniques to commercial, nutritionally balanced diets, with an emphasis on boosting fish output through scientific farming methods. For increased productivity and profitability, farmers are being encouraged to use high-quality feed through government initiatives, training courses, and subsidies. In order to increase accessibility in rural and semi-urban areas, private feed producers are likewise growing their distribution networks. But there are still issues including a lack of technical expertise, erratic feed availability, and expensive input costs. Nevertheless, Maharashtra has a lot of room to grow aquafeed in the future because to greater investment and understanding of aquaculture.Tamil Nadu Aquafeed Market
The thriving aquaculture industry in Tamil Nadu, particularly in the areas of freshwater fish and shrimp farming, is fueling the state's thriving and growing aquafeed business. The state is a major player in India's aquafeed market thanks to its lengthy coastline, ideal climate, and robust government assistance. Due to increased knowledge of the advantages of commercial feed in enhancing growth rates, disease resistance, and production efficiency, farmers are using it more and more. The state is home to a number of regional and national feed producers who are well-served by an effective distribution system. The adoption of feed is further supported by research projects and training programs. Despite ongoing obstacles including fluctuating input costs and problems with water quality, Tamil Nadu's emphasis on sustainable aquaculture makes it a market with significant growth potential for aquafeed.Gujarat Aquafeed Market
The state's burgeoning brackish water aquaculture, especially shrimp farming along its vast coastline, is helping Gujarat's aquafeed business grow rapidly. The demand for premium commercial feed is rising as a result of government measures to support fisheries and investments in facilities like hatcheries and cold chains. With the help of awareness campaigns and training initiatives, Gujarati farmers are progressively implementing scientifically developed feeds to increase productivity. To meet this growing need, feed producers from both domestic and foreign markets are increasing their footprints in the state. Seasonal farming methods, water salinity problems, and restricted access to sophisticated farming knowledge in isolated locations are still problems, nevertheless. Gujarat is still a potential aquafeed industry with a lot of room to grow in spite of these obstacles.West Bengal Aquafeed Market
West Bengal is a major player in the Indian aquafeed market thanks to its robust freshwater aquaculture sector, which includes the cultivation of species including rohu, catla, and mrigal. The state has a steady need for commercial fish feed because of its plentiful water supplies and high number of small-scale fish growers. The transition from conventional feeding methods to feed that has been scientifically developed is being promoted by government assistance in the form of training, subsidies, and fisheries development initiatives. The area is home to a number of feed producers that provide species-specific goods that are suited to regional requirements. But there are still issues including farmers' lack of technical knowledge, price sensitivity, and restricted availability to high-quality feed in remote areas. The aquafeed market in West Bengal nevertheless exhibits significant growth potential.Market Segmentations
Species
- Carp Feeds
- Marine Shrimps
- Tilapias
- Catfishes
- Marine Fishes
- Salmons
- Freshwater (FW) Crustaceans
- Trouts
- Others
Ingredients
- Soybean
- Corn
- Fish Meal
- Fish Oil
- Additives
- Others
Additives
- Vitamins and Minerals
- Antioxidants
- Feed Enzymes
- Others
Product Form
- Pellets
- Extruded
- Powdered
- Liquid
Top States
- Maharashtra
- Tamil Nadu
- Karnataka
- Gujarat
- Uttar Pradesh
- West Bengal
- Rajasthan
- Telangana
- Andhra Pradesh
- Madhya Pradesh
All the Key players have been covered
- Overviews
- Key Person
- Recent Developments
- SWOT Analysis
- Revenue Analysis
Company Analysis:
- Alltech Biotechnology Pvt. Ltd. (Alltech, Inc.)
- Avanti Feeds Limited
- Cargill India Private limited (Cargill Inc.)
- Godrej Agrovet Limited (Godrej Group)
- Growel Feeds Private Limited
- IB Group
- Skretting Aquaculture India Private Limited (Nutreco NV)
- UNO Feeds
- IB Group
- Skretting Aquaculture India Private Limited (Nutreco NV)
- UNO Feeds
Table of Contents
1. Introduction3. Executive Summary12. Value Chain Analysis
2. Research & Methodology
4. Market Dynamics
5. India Aquafeed Market
6. Market Share Analysis
7. Species
8. Ingredients
9. Additives
10. Product Form
11. Top States
13. Porter's Five Forces Analysis
14. SWOT Analysis
15. Pricing Benchmark Analysis
16. Key Players Analysis
Companies Mentioned
- Alltech Biotechnology Pvt. Ltd. (Alltech, Inc.)
- Avanti Feeds Limited
- Cargill India Private limited (Cargill Inc.)
- Godrej Agrovet Limited (Godrej Group)
- Growel Feeds Private Limited
- IB Group
- Skretting Aquaculture India Private Limited (Nutreco NV)
- UNO Feeds
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | August 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 4.03 Billion |
| Forecasted Market Value ( USD | $ 5.92 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | India |
| No. of Companies Mentioned | 8 |
