Ideas That Generate Results
Aquafeed Market Forecast to 2015
From a land of traditional aqua feeding comprising rice/wheat bran, ground nut cake, and other agro products, India is emerging as a significant producer of commercial feeds. The thriving Indian aquaculture industry is the biggest advantage for aqua feed manufacturers. However, with majority farmers feeding the aquatic species with traditional feeds, the transition towards commercial feed will definitely take time.
Our recent market research report, “Aquafeed Market Forecast to 2015”, portrays the current scenario of aquafeed industry in India. Our analysis anticipates the fish feed market 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.
The research report spread in around 35 pages offers a well-framed picture of aquafeed market dynamics, essential to get a grasp of the market nerve.
On account of our analysis of the past and present market trends, drivers, challenges and recent developments, forecast for fish feed and shrimp feed markets have been drawn. Our research clearly depicts the historic, current, and expected future trends of fish and shrimps production across the country, market size of fish and shrimp feeds and of course, the key drivers and restraints hampering the aquafeed market. Government initiatives to boost aquaculture and aquafeed industry have also been precisely incorporated in the study.
In order to assess the competition in the aquafeed industry, we have profiled key industry players covering their business overview and product portfolio. Although the incumbent feed manufacturers are not able to explore the full potential of the Indian market, they are optimistic about the bright future prospects. Their upcoming expansion plans and entry of new players validate the fact. In this way, encompassing all critical aspects of the Indian aquafeed market, the report presents a comprehensive outlook of the sector’s past, present, and future scenario.