인도의 수산 사료 시장 규모는 2024년 35억 1,000만 달러에서 2032년 64억 달러에 달할 것으로 예상되며, 2025-2032년 예측 기간 동안 연평균 7.80%의 성장률을 보일 것으로 예상됩니다. 사료 배합 및 가공 기술의 발전으로 수산 사료의 효율성과 효능이 향상되고 있습니다. 예를 들어, 압출 기술은 사료의 품질과 소화율을 향상시킵니다. 영양 과학에 대한 지식이 깊어짐에 따라 수생 생물의 최적의 성장과 건강을 위한 사료가 개발되고 있습니다.
인도 정부는 양식업 부문을 지원하기 위해 사료 생산에 대한 보조금, 지속가능한 관행 채택을 위한 장려금 등 다양한 정책과 제도를 시행하고 있으며, NFDB(National Fisheries Development Board)와 Pradhan Mantri 인도 정부는 2023년 12월 Global Bio India 2023에서 획기적인 바이오 발효 어류 사료 제품인 'Bio Guru 3F Pro'를 발표하며 이 분야의 성장에 기여했습니다. 이 제품은 인도 최초의 비동물성 어류 사료로, 크루얼티 프리 양식을 지원하기 위해 출시되었습니다. 이 사료는 유기농 성분, 프리바이오틱 박테리아 함유, 면역력과 생산성을 향상시키는 특성을 자랑합니다. 인도에서 가장 보편적인 양식 사료는 펠릿으로, 균형 잡힌 영양을 가장 편리한 형태로 제공합니다. 다양한 종과 성장 단계에 따라 다양한 크기와 구성으로 제공됩니다.
부화장, 사료 공장, 가공 공장 등 양식을 위한 적절한 인프라 개발의 필요성은 수산 사료 산업에 대한 수요 증가에 따른 것입니다. 인프라는 생산 강화, 적절한 유통 및 고품질 사료에 대한 동등한 접근을보다 효과적으로 지원하는 데 도움이 될 수 있습니다.
인도가 세계 수산물 시장에 진출하면서 수산 사료 생산 확대에 큰 잠재력을 제공하고 있습니다. 양식업의 수출 지향적 관행은 국제 표준과 시장 수요에 부합하는 올바른 배합의 고품질 사료를 사용하는 것을 강화합니다.
수산물 소비가 시장 성장을 촉진
인도의 수산물 소비 증가는 고품질 단백질과 필수 오메가 3 지방산을 포함한 풍부한 영양 성분의 결과입니다. 이러한 추세는 사람들이 건강에 대한 관심이 높아진 것을 전제로 합니다. 이러한 수산물에 대한 수요는 근본적으로 지속가능한 양식에 기여하는 특수 사료의 생산을 증가시키기 때문입니다. 더 많은 소비자들이 해산물의 건강 효과를 중시하게 되면서 효과적이고 영양 균형이 잘 잡힌 수산 사료에 대한 수요가 증가하고 있습니다. 오히려 양식 기반 관행을 지지하는 소비자 건강 트렌드가 결합되어 수산 사료 시장의 성장을 촉진하고 있습니다.
Indian Council of Agricultural Research, Ministry of Agriculture and Farmers' Welfare, 인도 정부, WorldFish가 2023년 2월에 실시한 조사에 따르면, 인도 인구의 72.1%인 9억 6, 700만 명이 생선을 식단에 포함시키고 있습니다. 700만 명이 생선을 식단에 포함시키고 있으며, 인도 내 수산물 소비가 증가하고 있습니다.
양식업의 증가로 시장 수요 증가
인도는 국내 시장과 국제 시장에서 수산물에 대한 수요가 증가하면서 세계 양식업의 주요 국가 중 하나로 부상하고 있습니다. 유엔식량농업기구의 추산에 따르면 2023년 인도는 세계 2위의 어류 생산국이 될 것이며, 2021년 인도의 어류 생산량은 약 1,440만 톤에 달할 것으로 추정됩니다. 또한 해산물 생산으로 인한 수출 수익은 2022년에 약 79억 달러에 달할 것으로 예상되며, 새우가 전체 수출의 70%를 차지할 것으로 예상됩니다.
수산물에 대한 식욕이 증가함에 따라 양식업이 전국적으로 확대되면서 특수 수산 사료에 대한 수요가 증가했습니다. 양식업이 수요를 충족시키기 위해 규모를 확대함에 따라, 수생 생물의 최적의 성장과 건강을 지원하는 고품질의 영양 균형 잡힌 사료를 개발하고 공급하는 데 초점을 맞추게 되었습니다. 따라서 급성장하는 양식업은 수산 사료 산업을 크게 자극하고 인도의 수산물 생산 성장을 유지하는 데 중요한 역할을 하고 있습니다.
이 보고서는 인도의 수산용 사료 시장을 조사 분석하여 시장 규모와 예측, 시장 역학, 주요 기업 현황과 전망 등을 제공합니다.
India aqua feed market is projected to witness a CAGR of 7.80% during the forecast period FY2025-FY2032, growing from USD 3.51 billion in FY2024 to USD 6.40 billion in FY2032. Advancements in feed formulation and processing technologies have improved the efficiency and efficacy of aqua feeds. Extrusion technology, for instance, enhances feed quality and digestibility. More knowledge in nutritional science has led to the development of feeds that will allow optimal growth and health in aquatic species.
The Indian government has implemented various policies and schemes to support the aquaculture sector, including subsidies for feed production and incentives for adopting sustainable practices. Initiatives such as the National Fisheries Development Board (NFDB) and Pradhan Mantri Matsya Sampada Yojana (PMMSY) provide financial and technical support, contributing to the sector's growth. In December 2023, the Government of India presented a ground-breaking product, Bio Guru 3F Pro: Bio-fermented Fish Feed during the Global Bio India 2023 event. This is India's first ever vegan fish feed which was launched to support the cruelty-free aquaculture. This fish feed boasts an organic composition, prebiotic bacteria content, and properties which enhance immunity and productivity. The most common form of aqua feed available in India is Pellets which offers a balanced nutrition in the most convenient form. They come in various sizes and compositions tailored to different species and growth stages.
The need for developing proper infrastructure for aquaculture, such as hatcheries, feed mills, and processing units, goes in accordance with the increasing demands for the aqua feed industry. Infrastructure helps to support enhanced production, proper distribution, and equal access to the quality feeds more effectively.
India's involvement in the global seafood market offers vast potential for increased aqua feed production. Export-oriented practices in aquaculture will enhance the use of correctly formulated high-quality feeds to match international standards and market demand.
Seafood Consumption to Drive Market Growth
The increase in the consumption of seafood in India is the result of its rich nutritional profile, including high-quality protein and essential omega-3 fatty acids. This trend presumes that people have started to be more health-conscious. This movement in preferred diets has completely evolved the dynamics of the aqua feed industry as these demands for seafood engage increased production with respect to specialized feeds, which basically contributes to sustainable aquaculture. As more consumers have shifted their focus towards the health benefits of seafood, there has been an associated rise in demand for effective and nutritionally-balanced aqua feeds. On the contrary, merging consumer health trends in favor of aquaculture-based practices boosts the growth of the aqua feed market.
The study conducted in February 2023 by the Indian Council of Agricultural Research, Ministry of Agriculture and Farmers' Welfare, Government of India, and WorldFish coined that 72.1% of Indian population which amounts to 967 million individuals include fish in their diet, increasing the consumption of seafood in the country.
Rise in Aquaculture in the Country to Boost Market Demand
India has emerged as one of the leading countries in global aquaculture, with increasing seafood demand, both in domestic and international markets. As per the estimates of Food and Agricultural Organization of the United Nations, in 2023, India was the second major producer of fish globally. In 2021, the fish production in India reached an estimated level of 14.4 million tonnes. Moreover, the export earnings from the fish and fishery production were approximately USD 7.9 billion in 2022 with shrimps contributing to 70% of the total export.
With the increasing appetite for seafood as a backdrop, aquaculture practices got extended all over the country, which multiplied the demand for specialized aqua feeds. With aquaculture scaling up to meet demand, focus has shifted to developing and supplying high-quality, nutritionally-balanced feeds supporting optimal growth and health of aquatic species. Fast-growing aquaculture is therefore significantly stimulating the aqua feed industry, underlining its critical role in sustaining India's seafood production growth.
The government of India is making efforts to promote the aquaculture of India, thereby, requiring more aquafeed. For instance, the government of India allocated USD 311 million (INR 2616.44 crore) for the Ministry of Fisheries in FY2024-FY2025. This allocation shows an increase by 54% in comparison to the allocation made during FY2023-FY2024.
Fish Feed to Dominate the Aqua Feed Market Share in India
Dominance of fish production over other aquatic animals in India can be attributed to some of the main factors. The fish species alone, such as tilapia, catfish, and carp, are very adapted to the wide range of aquatic environments in the country, including freshwater, brackish, and marine systems. Compared to the rearing of other aquatic species, fish farming is relatively associated with lower costs of production and faster growth rates, making it more economically viable. Moreover, their production has been supported by traditional practices and wide cultural preferences for fish. The study of the National Council of Applied Economic Research (NCAER) pointed that India registered a per capita yearly consumption of fish of over 13 kg in FY2022-FY2023.
The policies of the governments and subsidies have been drafted to make rearing fish more efficient and productive. In contrast, most of the aquatic animals, such as shrimp and mollusks, are generally burdened with higher costs of production, failure in control over diseases, and more complex conditions of environment. Hence, the aquaculture industry in India has given heed to fish production to strategically be at the forefront in terms of global fish production by using ecological advantage and economic feasibility.
In February 2024, IB Group notified its successful inauguration of ABIS Fish Feed Plant in Sukhri, Chattisgarh. This plant is India's first completely automated fish feed plant which is occupied in manufacturing climate-resilient floating fish feed.
Future Market Scenario (FY2025 - FY2032F)
The market is expected to witness expansion in the forecast period due to the increasing focus on sustainability in the aquaculture industry. The shift has been observed towards alternative protein sources, including insect meal and algae-based feeds, strive to replace or reduce the volume of traditional fishmeal while mitigating their environmental impacts. This move has support from both private and regulatory sectors.
Ongoing research and development efforts are crucial in enhancing feed formulations and addressing challenges related to aquatic health and growth. Collaboration between academic institutions, research organizations, and industry players fosters innovation and drives the development of more effective and sustainable feed solutions.
Key Players Landscape and Outlook
The increased investments from the key players and multinational companies in the aqua feed market in India along with the introduction of innovative products, driving the market growth exponentially. This growth is fueled by the entry of new players into the emerging market and existing product range.
The key players are expanding themselves by establishing new productive capacities with the aim to increase the production of their existing aqua feeds. In February 2023, Skretting India broadened its operations with the latest shrimp and fish feed production site in Surat. This production facility enables the company to further enrich the support for its customers and the Indian aquaculture sector. The facility will cater to the domestic and export markets of the country.
All segments will be provided for all regions covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.