The “Indian Shrimp Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, The Indian shrimp feed market reached a production volume of 872,700 Tons in 2017.
One of the primary factors catalysing the growth of the Indian shrimp feed market is the massive marine wealth in India that sustains the development of the aquaculture industry. In addition, the market is also influenced by the commercialisation of vannamei shrimp, supported by a sustained demand from both the developed and developing countries.
The production and export of vannamei has overtaken native species of shrimps like black tiger which were farmed dominantly till 2003.
This acts as another factor facilitating the demand for shrimp feed. Moreover, the availability of improved product varieties and a shift towards the usage of commercially produced shrimp feed have further contributed towards the growth of this market.