India Aquaculture Market Overview:
According to the latest report by IMARC Group, titled “India Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the India aquaculture market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The India aquaculture market reached a volume of 11.40 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 18.40 Million Tons by 2027, exhibiting a CAGR of 8.20% during 2022-2027.
Aquaculture is the process of farming, breeding, rearing, harvesting, and cultivating fishes and other aquatic animals. The process enhances the production of seafood under partially controlled conditions. It also minimizes waste creation and provides a safe and natural breeding environment for marine animals. Aquaculture is also employed to restore habitats and endangered species and produce ornamental fishes to support commercial and recreational marine fisheries. Aquaculture also comprises oyster farming, algaculture, and mariculture, which is conducted in coastal areas, freshwater ponds, rivers, and on-land tanks.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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India Aquaculture Market Trends and Drivers:
The India aquaculture market is primarily driven by the increasing consumption of fish due to its health benefits. Aquaculture has been extensively practiced by farmers in private and community ponds.
Moreover, seafood consumption is an integral part of many cultural traditions across India, which is fueling the growth of the market. In addition to this, the increasing demand for fish oil in the food and beverage, pharmaceuticals, and nutraceutical industries is also propelling the demand for aquaculture.
Furthermore, innovative solutions in food production have resulted in the adoption of precision farming concepts that rely on technologies such as drones, IoT connectivity, and autonomous tractors, which is anticipated to facilitate the market growth in the upcoming years.
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India Aquaculture Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Nekkanti Seafoods, Avanti Frozen Foods Private Limited (AVANTI FEEDS LIMITED), Devi Sea Foods Limited, Sandhya Marines, Apex Frozen Foods Limited, IFB Agro Industries Limited, SSF Limited, Kings Infra Ventures Limited, The Waterbase Limited, Kader Exports Private Limited, Zeal Aqua Limited, CP Aquaculture (India) Private Limited (Charoen Pokphand Foods Public Limited Company, Coastal Corporation Limited, Uniroyal Marine Exports Limited, BKV Industries Limited, A.M. Fisheries, Abad Fisheries Private Limited, Ananda Aqua Exports Private Limited, Anjaneya Sea Foods, August Seafood, Baby Marine Ventures, BMR Group, Citrus Alpha Marine LLP, Crystal Sea Foods Private Limited, Devi Marine Foods Exports Private Limited, Falcon Marine Exports Ltd, Frontline Exports Private Limited, Geo Seafoods, Jayalakshmi Sea Foods Pvt. Ltd., JRJ Sea Foods India Private Limited, Jude Foods India Private Limited, K V Marine Exports, Kadalkanny Frozen Foods, Liberty Frozen Foods Private Limited, Liberty Group of Seafood Companies.
The report has segmented the market on the basis of region, environment, species, states, shrimp size, end use and end form.
India Shrimp Industry: Market Breakup by Environment:
- Farmed Shrimp
- Wild Shrimp
Market Breakup by Species:
- Penaeus Monodon
Market Breakup by States:
- Andhra Pradesh
- West Bengal
- Tamil Nadu
Breakup by Shrimp Size:
Market Breakup by End Use:
- Hotels and Restaurants
- Retail Shops
- Hypermarkets and Supermarkets
- Online Sales
Market Breakup by End Form
India Inland Fish Industry: Market Breakup by Environment
- Fresh Water
- Brackish Water
Market Breakup by Species
- Indian Major Carps
- Exotic Carps
Market Breakup by State:
- Andhra Pradesh
- West Bengal
- Uttar Pradesh
- North East Region
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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