India Shrimp Feed Market- Trend Analysis & Forecast

India Shrimp Feed Market Overview:
In 2023, India’s shrimp feed market was valued at USD ** million, with domestic production reaching 1.56 million tonnes. The country plays a key role in the global shrimp supply chain, being one of the largest producers and exporters. The government’s move to reduce customs duty on key feed inputs in the 2023-24 budget aims to boost domestic manufacturing and export potential. In FY 2023, India exported 25.10 thousand tonnes of shrimp feed worth USD 27.42 million—up 161% from 2022.

Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India shrimp feed market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade (exports & imports)
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis, including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key market players
• Factors influencing market performance, including sustainability trends

Market Growth Drivers
Market growth is driven by rising global and domestic demand for shrimp, backed by increasing urbanization, income levels, and changing dietary preferences. The expansion of shrimp farming across coastal and inland regions, combined with favorable government policies, subsidies, and infrastructure support, is further fueling feed demand. The government's customs duty reduction on key raw materials supports local manufacturing and value addition, enhancing competitiveness.

Market Restraints
Price volatility of core raw materials like fishmeal and soybean meal poses cost pressures on feed manufacturers. Heavy reliance on imports for key inputs adds to supply chain vulnerabilities. Competition from other protein sources and emerging plant-based alternatives also affects market positioning. Fragmented supply chains, inadequate infrastructure, and limited access to credit for small farmers continue to hamper scalability and efficiency.

Competitive Landscape
The market is dominated by both domestic and international players such as Avanti Feeds, CP Aquaculture, Godrej Agrovet, Waterbase, and Growel Feeds. These companies compete on product quality, innovation, distribution reach, and customer support. Collaboration and sustainability practices are becoming central to gaining a competitive edge. India’s imports in 2023 stood at USD 28.31 million, with major origins including Vietnam, Thailand, Malaysia, the USA, and Belgium.

Outlook
India’s shrimp feed market is set for steady growth through 2030, supported by rising shrimp consumption, farming expansion, and government push for self-reliance in feed production. The adoption of high-quality, nutritionally advanced feed and focus on sustainability will further drive demand, positioning India as a major contributor to the global shrimp supply chain.

Scope of the Report:
• Historical Years: 2015-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered: By Type (Starter Feed, Grower Feed, and Finisher) and By Sales (Domestic Consumption and Exports)
• Companies Profiled: The market players include, Avanti Feeds Limited, Godrej Agrovet Limited, The Waterbase Limited, Growel Feeds Pvt. Ltd., CP Aquaculture (India) Pvt. Ltd., Cargill India Pvt. Ltd., Nutriad India Pvt. Ltd., Biostadt India Limited, Thai Union Group PCL, BioMar India Pvt. Ltd., BMR Group, Anmol Feeds Pvt. Ltd., and Others.

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India shrimp feed market research report is based on extensive primary and secondary research, supported by data triangulation and proprietary market estimation models. It consolidates insights from published sources, industry associations, company websites, and national statistics, along with interviews with market participants, experts, exporters, and regulatory bodies. After data collection, market size estimation is conducted using top-down and bottom-up approaches, with data triangulation ensuring accuracy. StatLedger analyzes various factors, including economic trends, regulatory changes, taxation policies, social shifts, product lifecycles, trade trends, and industry competition, to develop a comprehensive market intelligence report.