| Product Code: ETC7543451 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s import shipments of fishmeal for aquafeed in 2024 were primarily sourced from top exporting countries such as Norway, India, Thailand, Oman, and Malta. Despite a decrease in the market concentration from very high in 2023 to high in 2024, the industry witnessed a significant growth rate of 34.63% during the year. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -23.23%, indicating fluctuations in the market dynamics. This data suggests a shifting landscape in the Indian aquafeed industry with potential opportunities for both domestic and international suppliers.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Fishmeal for Aquafeed Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Fishmeal for Aquafeed Market Revenues & Volume, 2021 & 2031F |
3.3 India Fishmeal for Aquafeed Market - Industry Life Cycle |
3.4 India Fishmeal for Aquafeed Market - Porter's Five Forces |
3.5 India Fishmeal for Aquafeed Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 India Fishmeal for Aquafeed Market Revenues & Volume Share, By Lifecycle, 2021 & 2031F |
3.7 India Fishmeal for Aquafeed Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 India Fishmeal for Aquafeed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the aquaculture industry in India leading to increased demand for aquafeed, driving the need for fishmeal. |
4.2.2 Rising consumer awareness about the health benefits of consuming fish, boosting the demand for aquaculture products, and subsequently, fishmeal for aquafeed. |
4.2.3 Government initiatives and support for the aquaculture sector in India, promoting the production and utilization of fishmeal for aquafeed. |
4.3 Market Restraints |
4.3.1 Fluctuations in fish catch and availability, impacting the supply of raw materials for fishmeal production. |
4.3.2 Environmental concerns related to overfishing and sustainability issues in the fishing industry, leading to potential constraints on fishmeal production. |
4.3.3 Price volatility of fishmeal due to factors such as weather conditions, global demand-supply dynamics, and currency fluctuations. |
5 India Fishmeal for Aquafeed Market Trends |
6 India Fishmeal for Aquafeed Market, By Types |
6.1 India Fishmeal for Aquafeed Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 India Fishmeal for Aquafeed Market Revenues & Volume, By Species, 2021- 2031F |
6.1.3 India Fishmeal for Aquafeed Market Revenues & Volume, By Fish, 2021- 2031F |
6.1.4 India Fishmeal for Aquafeed Market Revenues & Volume, By Crustaceans, 2021- 2031F |
6.1.5 India Fishmeal for Aquafeed Market Revenues & Volume, By Mollusks, 2021- 2031F |
6.2 India Fishmeal for Aquafeed Market, By Lifecycle |
6.2.1 Overview and Analysis |
6.2.2 India Fishmeal for Aquafeed Market Revenues & Volume, By Starter Feed, 2021- 2031F |
6.2.3 India Fishmeal for Aquafeed Market Revenues & Volume, By Grower Feed, 2021- 2031F |
6.2.4 India Fishmeal for Aquafeed Market Revenues & Volume, By Finisher Feed, 2021- 2031F |
6.2.5 India Fishmeal for Aquafeed Market Revenues & Volume, By Brooder Feed, 2021- 2031F |
6.3 India Fishmeal for Aquafeed Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 India Fishmeal for Aquafeed Market Revenues & Volume, By Dry, 2021- 2031F |
6.3.3 India Fishmeal for Aquafeed Market Revenues & Volume, By Wet, 2021- 2031F |
6.3.4 India Fishmeal for Aquafeed Market Revenues & Volume, By Moist, 2021- 2031F |
7 India Fishmeal for Aquafeed Market Import-Export Trade Statistics |
7.1 India Fishmeal for Aquafeed Market Export to Major Countries |
7.2 India Fishmeal for Aquafeed Market Imports from Major Countries |
8 India Fishmeal for Aquafeed Market Key Performance Indicators |
8.1 Sustainability metrics related to the sourcing and production of fishmeal, such as percentage of fishmeal sourced from sustainable fisheries or aquaculture practices. |
8.2 Nutritional value indicators of fishmeal, including protein content, amino acid profile, and digestibility, influencing its effectiveness in aquafeed formulations. |
8.3 Research and development investments in improving fishmeal production processes, reflected in metrics like the number of patents filed for innovative fishmeal technologies or products. |
9 India Fishmeal for Aquafeed Market - Opportunity Assessment |
9.1 India Fishmeal for Aquafeed Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 India Fishmeal for Aquafeed Market Opportunity Assessment, By Lifecycle, 2021 & 2031F |
9.3 India Fishmeal for Aquafeed Market Opportunity Assessment, By Form, 2021 & 2031F |
10 India Fishmeal for Aquafeed Market - Competitive Landscape |
10.1 India Fishmeal for Aquafeed Market Revenue Share, By Companies, 2024 |
10.2 India Fishmeal for Aquafeed Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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