Product Code: ETC385464 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The aquaculture market in India is estimated to reach a value of US$ 8.8 billion by 2025, growing at an impressive compound annual growth rate (CAGR) of 9.8% during the forecast period (2025?2025). The major factors driving the growth of the industry include increasing demand for fish and seafood due to their nutritional benefits, increasing awareness about health-related benefits of consuming fish, development of fisheries infrastructure, government initiatives for encouraging fisheries production and exports. In addition, rising consumer preference for processed and packaged products are also contributing towards market expansion.
India aquaculture market has experienced significant growth due to several driving forces. Rising consumer preference for seafood, which is considered a healthy protein source, has increased demand. Technological advancements in aquaculture practices, including improved feed formulations, disease management, and better breeding techniques, have enhanced productivity and profitability. Government support through schemes and subsidies for fish farming has encouraged more farmers to enter the aquaculture sector, leading to its expansion.
The India Aquaculture market is growing rapidly to meet the increasing demand for seafood, but it faces various challenges. Water pollution and environmental degradation threaten the sustainability of aquaculture operations. Disease outbreaks among farmed fish can result in significant economic losses for farmers. Inadequate infrastructure and limited access to quality feeds and technology affect productivity and competitiveness. Moreover, the lack of proper regulations and enforcement in some regions may lead to unsustainable practices and overexploitation of resources. Ensuring responsible aquaculture practices and addressing environmental concerns are crucial for the long-term growth of this sector.
The aquaculture market in India has experienced significant growth in recent years, with the country becoming one of the leading producers of fish and seafood globally. Aquaculture provides an essential source of income and nutrition for many coastal communities. However, the COVID-19 pandemic had a substantial impact on the sector. The lockdowns and transportation restrictions disrupted the supply chain, affecting the availability of fish feed and other essential inputs. Additionally, the closure of restaurants and export markets led to reduced demand and financial losses for farmers. Despite the challenges, the government`s support and the resilience of the aquaculture community are expected to drive the market`s recovery and future growth.
The India Aquaculture market consists of various players engaged in fish and shrimp farming. Leading companies such as Avanti Feeds, Waterbase Ltd., and CP Group have contributed significantly to the development of sustainable aquaculture practices. Their expertise in feed production, hatcheries, and processing has propelled the industry forward.