India Aquafeed Market (2026-2032) | Analysis, Size & Revenue, Trends, Share, Growth, Forecast, Companies, Value, Competitive Landscape, Segmentation, Industry, Outlook
Market Forecast By Form (Extruded, Pellets, Powder, Liquid), By Function (Health, Digestibility, Palatability, Special Nutrition, Others), By Species (Fish, Crustaceans, Others) And Competitive Landscape
| Product Code: ETC7536893 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India Aquafeed Market Growth Rate
According to 6Wresearch internal database and industry insights, the India Aquafeed Market is projected to grow at a compound annual growth rate (CAGR) of 8.4% during the forecast period (2026-2032).
Five-Year Growth Trajectory of the India Aquafeed Market with Core Drivers
Below mentioned is the evaluation of year-wise growth rate along with key growth drivers:
| Year | Est. Annual Growth (%) | Growth Drivers |
| 2021 | 3.6% | The recovery of inland aquaculture and the growth of carp farming |
| 2022 | 4.5% | The growing trend of using compound aquafeed instead of farm-made feed |
| 2023 | 5.6% | The rising exports of shrimp and the use of balanced feed |
| 2024 | 6.7% | Government support for aquaculture clusters and feed quality standards |
| 2025 | 7.6% | The adoption of extruded and functional feed for productivity improvement |
Topics Covered in the India Aquafeed Market Report
The India Aquafeed Market report thoroughly covers the market by form, function, species, and applications. The report presents an unbiased and detailed analysis of market trends, high-growth opportunities, and key drivers supporting aquaculture expansion. It enables stakeholders to align strategies with evolving farming practices, nutritional innovations, and regulatory frameworks shaping India’s aquafeed industry.
India Aquafeed Market Highlights
| Report Name | India Aquafeed Market |
|---|---|
| Forecast Period | 2026–2032 |
| CAGR | 8.4% |
| Growing Sector | Commercial Shrimp Farms & Intensive Fish Farming Units |
India Aquafeed Market Synopsis
India Aquafeed Market is anticipated to witness strong growth due to rising seafood consumption, rapid expansion of shrimp farming, and increasing awareness of scientific feeding practices. Farmers are increasingly adopting compound and extruded feed to improve feed conversion ratios and disease resistance. Furthermore, government initiatives promoting aquaculture infrastructure, export-oriented manufacturing, and private investments in feed mills are further strengthening market growth across coastal and inland regions.
Evaluation of Growth Drivers in the India Aquafeed Market
Below mentioned are some prominent drivers and their influence on the market dynamics:
| Drivers | Primary Segments Affected | Why it Matters (Evidence) |
| Expansion of Shrimp Aquaculture | Extruded; Crustaceans | Shrimp farming requires high-quality compound feed for export standards. |
| Rising Fish Consumption | Pellets; Fish | Increasing protein demand boosts feed volumes. |
| Government Aquaculture Programs | All Types; Fish & Crustaceans | Policy support accelerates farm and feed adoption. |
| Technological Advancements in Feed | Extruded; Digestibility | Improved feed efficiency enhances farm profitability. |
| Private Sector Feed Investments | Pellets & Extruded; All Species | New feed plants expand supply and access. |
India Aquafeed Market is expected to grow at the CAGR of 8.4% during the forecast period of 2026-2032. The growth is supported by strong shrimp export demand, adoption of nutritionally balanced feed, and expansion of intensive aquaculture systems. Additional support from government-backed aquaculture schemes, technological improvements in feed formulation, and rising farmer awareness regarding feed efficiency continues to strengthen the market outlook nationwide.
Evaluation of Restraints in the India Aquafeed Market
Below mentioned are some major restraints and their influence on the market dynamics:
| Restraints | Primary Segments Affected | What This Means (Evidence) |
| Raw Material Price Volatility | All Forms; All Species | Feed costs fluctuate due to commodity dependence. |
| Limited Awareness Among Small Farmers | Powder & Pellets; Fish | Traditional feeding limits adoption of premium feed. |
| Dependence on Imported Fishmeal | Extruded; Health | Import dependence escalates costs of production. |
| Logistics Constraints | Liquid & Powder Feed | Rural distribution limitations impede market entry. |
| Environmental Regulations | All Types; Shrimp Farms | Adherence to regulations elevates operational costs. |
India Aquafeed Market Industry Challenges
Irrespective of massive growth and development, the India Aquafeed Industry faces challenges such as the volatility of raw material prices, imbalanced use of scientific feed by small-scale farmers, and dependence on imported protein sources. Therefore, the inefficiencies of logistics, regional disparities in feed quality, and the need to meet environmental regulations make it difficult to operate. The lack of technical know-how in the aquaculture belts of rural areas also affects the use of feed and farm productivity.
India Aquafeed Market Trends
Key trends evaluating the landscape of the India Aquafeed Market Growth are:
- Adoption of Extruded Feed: Farmers are turning to extruded feed mostly due to better digestibility and water stability.
- Expansion of Functional Aquafeed: Immunity-boosting and health-promoting feeds are becoming a key focus in shrimp farming, as they help reduce disease outbreaks and lower mortality rates.
- Digital Farm Advisory Platforms: Feed manufacturers are extending advisory services to farmers through mobile platforms, providing guidance on optimal feeding practices to maximize feed efficiency and performance.
- Use of Alternative Protein Sources: Producers are adding plant-, based and insect protein components to their formula. That lowers the dependence on fishmeal and enhances the sustainability of the feed.
Investment Opportunities in the India Aquafeed Market
Some prominent investment opportunities in the India Aquafeed Market include:
- Extruded Feed Manufacturing Units – Establishing modern extrusion plants can effectively meet rising demand from shrimp farms, while improving feed efficiency and enhancing profit margins for manufacturers.
- Functional Feed Product Development – Investment in immunity and growth-enhancing feed offers strong returns and address disease management challenges.
- Rural Distribution Expansion – Strengthening last-mile feed distribution improves farmer access and supports market penetration in inland regions.
- Alternative Ingredient Processing – Developing plant- and insect-based protein facilities reduces dependence on imports and enhances long-term cost stability.
- Public-Private Aquaculture Projects – Partnering with government aquaculture parks ensures long-term feed demand and offer scalable growth.
Top 5 Leading Players in the India Aquafeed Market
Some leading players operating in the India Aquafeed Market include:
1. Cargill India Pvt. Ltd.
| Company Name | Cargill India Pvt. Ltd. |
|---|---|
| Established Year | 1967 |
| Headquarters | Gurugram, India |
| Official Website | Click Here |
Cargill India provides scientifically formulated aquafeed solutions for shrimp and fish, supporting productivity, feed efficiency, and sustainable aquaculture practices nationwide.
2. Skretting India
| Company Name | Skretting India |
|---|---|
| Established Year | 1899 |
| Headquarters | Chennai, India |
| Official Website | Click Here |
Skretting India delivers premium aquafeed products focusing on performance nutrition and export-quality shrimp production.
3. Growel Feeds Pvt. Ltd.
| Company Name | Growel Feeds Pvt. Ltd. |
|---|---|
| Established Year | 1994 |
| Headquarters | Andhra Pradesh, India |
| Official Website | Click Here |
Growel Feeds specializes in shrimp and fish feed, supporting intensive aquaculture operations across coastal regions.
4. Avanti Feeds Ltd.
| Company Name | Avanti Feeds Ltd. |
|---|---|
| Established Year | 1993 |
| Headquarters | Hyderabad, India |
| Official Website | Click Here |
Avanti Feeds is a leading shrimp feed producer catering to export-driven aquaculture markets in India.
5. Biomar India Pvt. Ltd.
| Company Name | Biomar India Pvt. Ltd. |
|---|---|
| Established Year | 1962 |
| Headquarters | Chennai, India |
| Official Website | Click Here |
Biomar India offers high-performance aquafeed emphasizing sustainability, precision nutrition, and farm productivity.
Government Regulations Introduced in the India Aquafeed Market
According to the India’s Government Data, initiatives such as the Pradhan Mantri Matsya Sampada Yojana (PMMSY) promote aquaculture infrastructure and feed quality improvement. The Coastal Aquaculture Authority enforces feed standards to ensure sustainability. Additionally, incentives for aquaculture parks, subsidies for feed mills, and support for export-oriented shrimp farming have significantly strengthened domestic aquafeed production and adoption. Together, these measures are fostering a more organized and sustainable aquafeed ecosystem across India.
Future Insights of the India Aquafeed Market
The future outlook for the India Aquafeed Market is positive due to the growth in shrimp exports, the adoption of functional feed, and the strong support of the government. The future advancements in sustainable feed ingredients, digital farm management, and integrated aquaculture systems are expected to enhance efficiency. Rising fish consumption across the country, along with improvements in aquaculture systems, will further contribute to the growth of the India Aquafeed Market.
Market Segmentation Analysis
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Extruded Feed to Dominate the Market – By Form
According to Mohit, Senior Research Analyst, 6Wresearch, Extruded feed leads the India Aquafeed Market Share due to its high digestibility, floating properties, and optimized nutrient metabolism. Intensive shrimp and fish farming is increasingly adopting extruded feed, as it helps in minimizing wastage, enhancing growth rate, and managing water quality.
Health Feed to Dominate the Market – By Function
Health-oriented aquafeed currently leads the market due to the emphasis on disease protection and boosting immunity. These aquafeeds lower the chances of mortality and enhance survival rates, particularly in shrimp farming.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2022 to 2025.
- Base Year: 2025.
- Forecast Data until 2032.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- India Aquafeed Market Outlook
- Market Size of India Aquafeed Market, 2025
- Forecast of India Aquafeed Market, 2032
- Historical Data and Forecast of India Aquafeed Revenues & Volume for the Period 2022- 2032
- India Aquafeed Market Trend Evolution
- India Aquafeed Market Drivers and Challenges
- India Aquafeed Price Trends
- India Aquafeed Porter's Five Forces
- India Aquafeed Industry Life Cycle
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Form for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Extruded for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Pellets for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Powder for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Liquid for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Function for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Health for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Digestibility for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Palatability for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Special Nutrition for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Others for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Species for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Fish for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Crustaceans for the Period 2022- 2032
- Historical Data and Forecast of India Aquafeed Market Revenues & Volume By Others for the Period 2022- 2032
- India Aquafeed Import Export Trade Statistics
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Function
- Market Opportunity Assessment By Species
- India Aquafeed Top Companies Market Share
- India Aquafeed Competitive Benchmarking By Technical and Operational Parameters
- India Aquafeed Company Profiles
- India Aquafeed Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Form
- Extruded
- Pellets
- Powder
- Liquid
By Function
- Health
- Digestibility
- Palatability
- Special Nutrition
- Others
By Species
- Fish
- Crustaceans
- Others
India Aquafeed Market (2026-2032) : FAQ's
The India Aquafeed Market is projected to grow at a CAGR of 8.4% during the forecast period.
Growth is driven by shrimp exports, government aquaculture programs, and rising adoption of compound feed.
Shrimp feed leads the market, followed by fish feed, as a result of the prominent role of India in the world’s shrimp farming and inland aquaculture practices.
The key challenges include raw material price fluctuations, reliance on imported ingredients such as fishmeal, and maintaining quality standards of the feed.
6Wresearch actively monitors the India Aquafeed Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Aquafeed Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 India Aquafeed Market Overview |
| 3.1 India Country Macro Economic Indicators |
| 3.2 India Aquafeed Market Revenues & Volume, 2022 & 2032F |
| 3.3 India Aquafeed Market - Industry Life Cycle |
| 3.4 India Aquafeed Market - Porter's Five Forces |
| 3.5 India Aquafeed Market Revenues & Volume Share, By Form, 2022 & 2032F |
| 3.6 India Aquafeed Market Revenues & Volume Share, By Function, 2022 & 2032F |
| 3.7 India Aquafeed Market Revenues & Volume Share, By Species, 2022 & 2032F |
| 4 India Aquafeed Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing demand for aquaculture products in India |
| 4.2.2 Growth in the aquaculture industry due to government support and initiatives |
| 4.2.3 Rising awareness about the benefits of using quality aquafeed for better fish and shrimp production |
| 4.3 Market Restraints |
| 4.3.1 Fluctuating prices of raw materials used in aquafeed production |
| 4.3.2 Environmental concerns related to aquaculture practices |
| 4.3.3 Competition from imported aquafeed products |
| 5 India Aquafeed Market Trends |
| 6 India Aquafeed Market, By Types |
| 6.1 India Aquafeed Market, By Form |
| 6.1.1 Overview and Analysis |
| 6.1.2 India Aquafeed Market Revenues & Volume, By Form, 2022- 2032F |
| 6.1.3 India Aquafeed Market Revenues & Volume, By Extruded, 2022- 2032F |
| 6.1.4 India Aquafeed Market Revenues & Volume, By Pellets, 2022- 2032F |
| 6.1.5 India Aquafeed Market Revenues & Volume, By Powder, 2022- 2032F |
| 6.1.6 India Aquafeed Market Revenues & Volume, By Liquid, 2022- 2032F |
| 6.2 India Aquafeed Market, By Function |
| 6.2.1 Overview and Analysis |
| 6.2.2 India Aquafeed Market Revenues & Volume, By Health, 2022- 2032F |
| 6.2.3 India Aquafeed Market Revenues & Volume, By Digestibility, 2022- 2032F |
| 6.2.4 India Aquafeed Market Revenues & Volume, By Palatability, 2022- 2032F |
| 6.2.5 India Aquafeed Market Revenues & Volume, By Special Nutrition, 2022- 2032F |
| 6.2.6 India Aquafeed Market Revenues & Volume, By Others, 2022- 2032F |
| 6.3 India Aquafeed Market, By Species |
| 6.3.1 Overview and Analysis |
| 6.3.2 India Aquafeed Market Revenues & Volume, By Fish, 2022- 2032F |
| 6.3.3 India Aquafeed Market Revenues & Volume, By Crustaceans, 2022- 2032F |
| 6.3.4 India Aquafeed Market Revenues & Volume, By Others, 2022- 2032F |
| 7 India Aquafeed Market Import-Export Trade Statistics |
| 7.1 India Aquafeed Market Export to Major Countries |
| 7.2 India Aquafeed Market Imports from Major Countries |
| 8 India Aquafeed Market Key Performance Indicators |
| 8.1 Average feed conversion ratio (FCR) in aquaculture farms |
| 8.2 Adoption rate of technology-driven aquafeed formulations |
| 8.3 Percentage of aquaculture farms using sustainable aquafeed practices |
| 8.4 Feed efficiency ratio in aquaculture operations |
| 8.5 Rate of adoption of innovative aquafeed ingredients and supplements |
| 9 India Aquafeed Market - Opportunity Assessment |
| 9.1 India Aquafeed Market Opportunity Assessment, By Form, 2022 & 2032F |
| 9.2 India Aquafeed Market Opportunity Assessment, By Function, 2022 & 2032F |
| 9.3 India Aquafeed Market Opportunity Assessment, By Species, 2022 & 2032F |
| 10 India Aquafeed Market - Competitive Landscape |
| 10.1 India Aquafeed Market Revenue Share, By Companies, 2025 |
| 10.2 India Aquafeed Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
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Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
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