Market Forecast By Product Type (Plant Based, Fish & Fish Products, Microorganism), By Form (Pellet, Granules, Flakes, Sticks, Powder), By Application (Commercial, Household), By Distribution Channel (B2B, B2C) And Competitive Landscape
| Product Code: ETC125925 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Despite a declining Compound Annual Growth Rate (CAGR) of -24.63% from 2020 to 2024, India`s fish feed import shipments continued to exhibit high concentration levels in 2024, with top exporting countries being Vietnam, Thailand, Malaysia, USA, and Belgium. The industry experienced a negative growth rate of -5.18% from 2023 to 2024, indicating a challenging year for the market. The dominance of these key exporting countries highlights the importance of trade relationships and supply chain dynamics in the Indian fish feed industry.

The India fish feed market is estimated to grow.Growing demand for processed seafood products, rising consumption of aquaculture produce, increasing awareness about health benefits associated with consuming seafood and growing disposable incomes are some of the major factors driving growth in India fish feed market. Additionally, government initiatives such as subsidies on aquatic inputs including fish feed are further propelling the industry forward. Moreover, technological advancements in aquaculture practices have enabled farmers to increase their productivity which has subsequently increased the demand for quality feeds.
The growing consciousness about health benefits associated with regular consumption of seafood along with changing dietary habits have been driving the global marine ingredients industry significantly. Additionally, rising disposable income has enabled consumers across many countries to increasingly purchase high-quality foods that contain not only higher nutrition but also low fat content, thus positively influencing the overall industry Outlook . Furthermore, technological advances such as automation systems used for farming practices has improved efficiency by reducing labor costs while producing more output within shorter time frames, thereby supporting industry expansion.
The factor restraining growth of this industry includes stringent government regulations pertaining to processing & packaging methods which can hamper product quality maintenance standards followed by manufacturers owing to high cost associated with upgrading these techniques that could affect bottom line margins negatively. In addition, environmental concerns on use artificial colorants & preservatives in processed foods may pose challenges for players involved in marine ingredients sector globally over coming years as they may need additional investments towards R&D activities aimed at developing natural alternatives or processes that adhere better recycling norms leading eventually lead towards healthier environment conditions.
Some key players operating in IndiaFish Feed Market include Charoen Pokphand Group Co., Ltd., Biomar A/S (Groupe Limagrain), Nutreco N.V., Aller Aqua A/S , Skretting Aquaculture Nutrition ,Kent Marine Products Pvt Ltd., JBL Aquaristik GmbH & Co KG ,Cargill Incorporated , Venky`s India Limited ,Marine Harvest ASA and SELCO Industries Private Limited Among Others
| 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 Fish Feed Market Overview |
| 3.1 India Country Macro Economic Indicators |
| 3.2 India Fish Feed Market Revenues & Volume, 2022 & 2032F |
| 3.3 India Fish Feed Market - Industry Life Cycle |
| 3.4 India Fish Feed Market - Porter's Five Forces |
| 3.5 India Fish Feed Market Revenues & Volume Share, By Product Type, 2022 & 2032F |
| 3.6 India Fish Feed Market Revenues & Volume Share, By Form, 2022 & 2032F |
| 3.7 India Fish Feed Market Revenues & Volume Share, By Application, 2022 & 2032F |
| 3.8 India Fish Feed Market Revenues & Volume Share, By Distribution Channel, 2022 & 2032F |
| 4 India Fish Feed Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing demand for fish and seafood products in India |
| 4.2.2 Growth in aquaculture industry in India |
| 4.2.3 Technological advancements in fish feed production |
| 4.2.4 Government initiatives to promote fish farming |
| 4.2.5 Rising disposable income leading to higher consumption of fish products |
| 4.3 Market Restraints |
| 4.3.1 Fluctuating raw material prices affecting fish feed manufacturing costs |
| 4.3.2 Environmental concerns related to fish feed production |
| 4.3.3 Lack of awareness about the benefits of using quality fish feed |
| 4.3.4 Competition from alternative protein sources in the market |
| 4.3.5 Regulatory challenges in the fish feed industry |
| 5 India Fish Feed Market Trends |
| 6 India Fish Feed Market, By Types |
| 6.1 India Fish Feed Market, By Product Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 India Fish Feed Market Revenues & Volume, By Product Type, 2022-2032F |
| 6.1.3 India Fish Feed Market Revenues & Volume, By Plant Based, 2022-2032F |
| 6.1.4 India Fish Feed Market Revenues & Volume, By Fish & Fish Products, 2022-2032F |
| 6.1.5 India Fish Feed Market Revenues & Volume, By Microorganism, 2022-2032F |
| 6.2 India Fish Feed Market, By Form |
| 6.2.1 Overview and Analysis |
| 6.2.2 India Fish Feed Market Revenues & Volume, By Pellet, 2022-2032F |
| 6.2.3 India Fish Feed Market Revenues & Volume, By Granules, 2022-2032F |
| 6.2.4 India Fish Feed Market Revenues & Volume, By Flakes, 2022-2032F |
| 6.2.5 India Fish Feed Market Revenues & Volume, By Sticks, 2022-2032F |
| 6.2.6 India Fish Feed Market Revenues & Volume, By Powder, 2022-2032F |
| 6.3 India Fish Feed Market, By Application |
| 6.3.1 Overview and Analysis |
| 6.3.2 India Fish Feed Market Revenues & Volume, By Commercial, 2022-2032F |
| 6.3.3 India Fish Feed Market Revenues & Volume, By Household, 2022-2032F |
| 6.4 India Fish Feed Market, By Distribution Channel |
| 6.4.1 Overview and Analysis |
| 6.4.2 India Fish Feed Market Revenues & Volume, By B2B, 2022-2032F |
| 6.4.3 India Fish Feed Market Revenues & Volume, By B2C, 2022-2032F |
| 7 India Fish Feed Market Import-Export Trade Statistics |
| 7.1 India Fish Feed Market Export to Major Countries |
| 7.2 India Fish Feed Market Imports from Major Countries |
| 8 India Fish Feed Market Key Performance Indicators |
| 8.1 Average feed conversion ratio (FCR) in fish farms |
| 8.2 Adoption rate of sustainable fish feed practices |
| 8.3 Percentage of fish farmers using improved feed formulations |
| 8.4 Efficiency of distribution channels for fish feed products |
| 8.5 Investment in research and development for innovative fish feed solutions |
| 9 India Fish Feed Market - Opportunity Assessment |
| 9.1 India Fish Feed Market Opportunity Assessment, By Product Type, 2022 & 2032F |
| 9.2 India Fish Feed Market Opportunity Assessment, By Form, 2022 & 2032F |
| 9.3 India Fish Feed Market Opportunity Assessment, By Application, 2022 & 2032F |
| 9.4 India Fish Feed Market Opportunity Assessment, By Distribution Channel, 2022 & 2032F |
| 10 India Fish Feed Market - Competitive Landscape |
| 10.1 India Fish Feed Market Revenue Share, By Companies, 2022-2032 |
| 10.2 India Fish Feed Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
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.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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