Andhra Pradesh Is Top Consumer in Indian Commercial Aquafeed Market, States RNCOS in Its New Research Report Published at MarketPublishers.com
11 Oct 2017 • by Natalie Aster
LONDON – Due to a rich diversity of fish species, the Indian subcontinent is recognised as an important aquaculture country, especially in the fresh water environment. Globally, India ranks the second in terms of fish production, therefore, there are immense opportunities for aquafeed manufacturers to tap the escalating demand for commercial aquafeed in this country. In the years to come, the commercial aquafeed production and consumption in India are set to keep on growing.
Geographically, the Indian commercial aquafeed market is dominated by Andhra Pradesh state, which accounts for appr. 22% of India’s total commercial aquafeed consumption. As of 2015-2016, the inland fish production capacity of this state amounted to 1.6 million tonnes. Yet, the penetration of commercial aquafeed in Andhra Pradesh is still at only 10% for finfish category and slightly over 10% for shellfish category.
New in-demand research report by RNCOS E-Services, titled “Indian Commercial Aquafeed Market - The Changing Market Landscape”, offers a reader an unrivalled analysis of India’s commercial aquafeed market with highlights of the current performance and future growth prospects. The report uncovers valuable data on the country’s commercial aquafeed production and consumption volumes, traces light on the key market growth drivers, restraints and challenges, outlines future opportunities for growth, examines emerging trends, and includes a detailed market segmentation overview. Moreover, the publication focuses on the competitive landscape, discloses relevant info on the dominant market participants with insights into their business performance and strategies. A snapshot of the governmental initiatives in this sector is provided here, too. Detailed future forecasts for the Indian commercial aquafeed market through 2022 are available in the report as well.
Visit the RNCOS E-Services online page at MarketPublishers.com to find many other insightful reports prepared by this publisher.