The India aqua inputs and supplements (for shrimps) market exhibited strong growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of 14.6% during (2021-2026), according to a new report by IMARC Group.
Aqua inputs and supplements are chemicals substances that provide a healthy environment to shrimp by neutralizing the imbalance of minerals and vitamins in soil, water and feed. They also reduce the expenditure incurred during shrimp farming, enabling healthy harvest and higher profit margins. In India, with the rising awareness among farmers about the benefits offered by organic inputs and supplements, there has been a rise in their demand. Farmers utilize them to minimize the negative environmental impact on the animals and develop high-quality shrimp with ‘organic’ status to meet the stringent international certifications.
India Aqua Inputs and Supplements (for Shrimp) Market Trends:
Over the years, there has been a significant rise in shrimp consumption and export potential in India. This has encouraged farmers to use efficient and improved aqua inputs and supplements to meet the growing shrimp demand. These inputs and supplements help prevent the frequent breakout of disease and reduce the growth of pathogenic organisms. Along with this, the stringent global quality norms have prompted farmers to use commercial aquaculture farm inputs to ensure optimum shrimp health.
Besides this, the Government of India is undertaking several initiatives and organizing training programs to promote the use of aqua inputs and supplements across the country. For instance, government bodies, such as the Marine Products Exports Development Authority (MPEDA), is supporting shrimp culture through the cluster farming approach. More than 10,000 farmers have been organized into aqua societies, which help them access credit, quality seeds, feeds and other inputs, thereby reducing the burden of diseases and improving product quality.
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Note: 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.
India Aqua Inputs and Supplements Market Analysis and Segmentation 2021-2026:
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 the key players being Bayer CropScience Limited (BAYERCROP.NS), Biostadt India Limited, C. P. Aquaculture (INDIA) Private Limited, Growel Formulations Pvt. Ltd., Gentle Bio-Sciences Pvt. Ltd., Hi-Tech Pharmacal Co. (NASDAQ:HITK), 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., Synergy Biotechnologies, Virbac Animal Health India Private Limited, etc.
For more information about this report visit: https://www.imarcgroup.com/india-aqua-inputs-supplements-market
The report has segmented the market on the basis of Product Type, End-Use and Region.
Breakup by End-Use:
- Feed and Disease Management
- Water Management
- Soil Management
Breakup by Product Type:
- Vitamins and Mineral Supplement
- Growth Promoter
- Oxygen Enhancer
- Liming Material
- Organic/Inorganic Fertilizers
Breakup by States:
- Andhra Pradesh
- West Bengal
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