The fish culture has undergone a dramatic worldwide growth within the previous couple of years. The aquaculture industry is that the fastest growing food production industry within the world and approximately 50% of all fish consumed by humans is from aquaculture. Nutrition plays a significant role in improving animal productivity. Understanding about the nutritional requirements and production of fish feed is essential to the event and sustainability of aquaculture because the industry has matured.
Prepared or artificial diets may be either complete or supplemental. Complete diets supply all the ingredients, protein (18-50%), lipid (10-25%), carbohydrate (15-20%), ash (<8.5%), phosphorus (<1.5%), water (<10%), and trace amounts of vitamins, and minerals necessary for the optimal growth and health of the fish. Fish feed are placed in the middle of the aquaculture value chain. Raw materials of marine or land based origin are mixed with other important ingredients to feed pellets, which through their transformation in the fish are important for the final quality of the fresh fish or the processed fish products for the consumers.
India has become the world’s second major aquaculture countries, the annual growth rate of aquaculture production will reach 8% in the next 5 years, and floating expanded feed system is gradually combined with aquaculture technology. In addition to ensuring sustainable development of the aquaculture industry, using of floating expanding fish feed can make the fish grow faster, be higher yield, higher feed conversion rate and economic efficiency than the traditional feeding mode. The India Aquaculture Feed Market was valued at USD 1.20 billion in 2017 and is expected to register a CAGR of 10.4% during the forecast period (2018-2023). India feed mills have the capacity to produce 2.88 million metric ton. Andhra Pradesh is the largest feed consuming state in India. The coastal line of the country is about 7,517 kilometers with 195.20 kilometers of river and canal systems. The country consists of 14 rivers, 44 medium rivers, and many small rivers. The country also has tanks and ponds. By these sources, it is clear that the aquaculture industry is huge in India which provides huge opportunity and potential for aquaculture feed industry.
Increase in consumption of seafood and rising per capita income are the factors driving the expansion of the aqua feed market. Seafood may be a good source of vitamins and minerals which helps in maintaining nutrient diet. As seafood is free from harmful carbohydrates, it protects humans from heart diseases. With the flourishing seafood business and additional demand from domesticating acquitting animals, we have a profitable aqua feed market. As per our recent business intelligence report, the worldwide aqua feed market size was $44.2 billion to $44.6 billion as of 2018, and therefore the market demand is projected to increment at a healthy CAGR of 4% to 6 over the forecast period of 2019 to 2025.
Few Indian major players are as under
Taiyo Feed Mill Pvt. Ltd.
Somkan Marine Foods Ltd.
Rasoya Proteins Ltd.
Mulpuri Foods & Feeds Pvt. Ltd.
Growel Feeds Pvt. Ltd.
Kwality Feeds Ltd