Report: Aquafeed market on the up in India
India’s aquafeed industry is forecast to grow at a CAGR of around 20% during 2012-13 to 2014-15, according to the new report by Research and Markets.
India, once a land of traditional aqua feeding comprising rice/wheat bran, ground nut cake, and other agro products, is now emerging as a significant producer of commercial feeds. The thriving Indian aquaculture industry is the biggest advantage for aqua feed manufacturers. However, the majority of aqua-farmers are still using traditional feeds, so the transition towards commercial feed will take time.
Analysts anticipate the fish feed market in India to grow at a CAGR of around 20% during 2012-13 to 2014-15. However, the more advanced shrimp feed market is forecasted to post a CAGR growth of around 12% during the same time period.
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