India Aquafeed Additives Market Size & Outlook, 2022-2030

Feed acidifiers was the largest segment with a revenue share of 11.62% in 2022. Horizon Databook has segmented the India aquafeed additives market based on anti-parisitic, feed acidifiers, prebiotics, essential oil & natural extracts, palatants covering the revenue growth of each sub-segment from 2017 to 2030.

Aquaculture industry in India has witnessed a significant vertical and horizontal expansion over the last decade due to its ability to offer several socioeconomic benefits such as increased income, employment, foreign exchange, and nutritional levels in animals and humans. Freshwater aquaculture is compatible with other farming systems, thus making it environment-friendly and providing for the recycling and use of organic wastes.

Various aquaculture species produced in India include carp, catfish, finfish, pangasius, prawns, and shrimps. Carp is produced on a large scale in the country due to the presence of abundant raw materials, which, in turn, is likely to trigger the demand for aquafeed additives over the forecast period.

The adoption of modern aquaculture farming techniques by farmers in India is expected to have a positive impact on the production of carp in the country. Moreover, the presence of favorable geographic conditions such as a long coastline and vast network of rivers, canals, ponds, tanks, paddy fields, and reservoirs has contributed to the demand for aquaculture in the country.