Good Growth Expected for India's Aqua Feed Market18 April 2013
INDIA - A new report from Research and Markets expects India's aquaculture feed market to grow between now and 2015 by around 20 per cent.
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 aquaculture feed manufacturers.
However, with majority farmers feeding the aquatic species with traditional feeds, the transition towards commercial feed will definitely take time, reports Research and Markets in its report "Aquafeed Market Forecast to 2015".
Aquafeed Market Forecast to 2015 portrays the current scenario of aquafeed industry in India. Research and Markets analysis anticipates the fish feed market to grow at a CAGR of around 20 per cent during 2012-13 to 2014-15. However, the more advanced shrimp feed market is forecasted to post a CAGR growth of around 12 per cent during the same time period.
You can view the full report by clicking here.
TheFishSite News Desk