India Aqua Inputs and Supplements (for Shrimps) Market worth INR 62.8 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled "India Aqua Inputs and Supplements (for Shrimps) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the Indian aqua inputs and supplements market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is Indian aqua inputs and supplements market?

The Indian aqua inputs and supplements market size reached INR 30.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 62.8 Billion by 2028, exhibiting a growth rate (CAGR) of 12.5% during 2023-2028.

What are aqua inputs and supplements?

Aqua inputs and supplements are identified as a range of chemical substances and antibiotics used for providing a healthy environment to shrimps by neutralizing minerals and vitamins in soil, water, and feed. It entails probiotics, disinfectants, zeolites, oxygen enhancers, immunostimulants, liming materials, and organic and inorganic fertilizers. These components assist in protecting shrimps from vibriosis and other bacteria, mitigating disease outbreaks during the farming procedure, and improving shrimp feed conversion ratio (FCR) and immunity. On account of these properties, aqua inputs and supplements are extensively used by farmers to reduce the expenditure incurred during shrimp farming and enable a healthy harvest to generate higher profit margins.

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What are the growth prospects and trends in the Indian aqua inputs and supplements industry?

The increasing demand for shrimps for various commercial and consumption purposes and the rising need for effective aqua enhancements to promote their large-scale production for export purposes are primarily driving the market growth. In line with this, the rising consciousness amongst consumers regarding several beneficial properties associated with utilizing organic aqua inputs and supplements is acting as another growth-inducing factor. Additionally, favorable initiatives undertaken by the Government of India (GoI) to organize multiple shrimp farming training programs and promote the uptake of aqua inputs and supplements for supporting the cluster farming approaches are supporting the market growth. This can be further attributed to the establishment of aqua societies, which allows Indian farmers to access credit, quality seeds, feeds, and other medicines for enhancing product quality while reducing the risk of pathogens outbreaks. Moreover, the advent of advanced medications, drugs, supplements, and commercial aquaculture farm inputs to maintain shrimp health is contributing to the market growth. Apart from this, the escalating usage of shrimps for preparing various protein-rich seafood delicacies and the introduction of improved chemical products targeting shrimp production are creating a positive outlook for the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by End-Use:

Feed and Disease Management
Water Management
Soil Management

Breakup by Product Type:

Probiotics
Vitamins and Mineral Supplement
Growth Promoter
Disinfectant
Oxygen Enhancer
Zeolite
Immunostimulant
Liming Material
Organic/Inorganic Fertilizers
Others

Breakup by State:

Andhra Pradesh
West Bengal
Odisha
Gujarat

Who are the key players operating in the industry?

The report covers the major market players including:

Bayer CropScience Limited
Biostadt India Limited
C. P. Aquaculture (INDIA) Private Limited
Growel Formulations Pvt. Ltd.
Gentle Bio-Sciences Pvt. Ltd.
Hi-Tech Pharma
Intas Animal Health
Kemin Industries South Asia Pvt. Ltd
Neospark Drugs and Chemicals Private Limited
Poseidon Biotechnology
PVS Group
Srinivasa Cystine Pvt. Ltd.
Sanzyme Biologics
SDC Agro-Vet India Pvt. Ltd.
DeVee Biologicals Pvt. Ltd.
Synergy Biotechnologies
Virbac Animal Health India Private Limited

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