Government Initiatives to Promote Aquaculture Boosting Demand for Commercial Aquafeed

Released on: March 12, 2014, 2:15 am (EST)
Industry: Food & Beverage

Noida, India, -- /EPR NETWORK/ -- With the growth in the population, the demand for fishes and other type of seafood is increasing in the country. To meet the increasing demand for fishes and other seafood, the aquacultural production needs to be increased parallelly in the country. According to a recent report by RNCOS “India Commercial Aquafeed Market Outlook 2018”, realizing the necessity of the time, Indian government is taking multiple steps and framing various policies to promote aquaculture industry in the kingdom.

According to the report, The Central and the State Government have undertaken several policy initiatives and measures to boost the growth of Indian fishery industry. For instance, in recent policies of Fish Farmers Development Agencies (FFDAs), subsidies are provided to the fish farmers on first year inputs of fish seed, fertilizers, manures, integrated fish farming, running water fish culture, establishment of fish seed hatcheries and fish feed mills. Moreover, the Department of Commerce has provided subsidies to manufacturers and exporters of certain warm water shrimps or prawns. All these initiatives are expected to provide a boost to the aquaculture industry and also the demand for commercial aquafeed in the future, as commercial aquafeed is more nutritious and leads to cultivation of healthy fishes.

The report, “India Commercial Aquafeed Market Outlook 2018”, by RNCOS which is spread over in 45 pages, provides an in-depth research and rational analysis of the aquaculture as well as the commercial aquafeed industry in India. It has segmented the aquaculture industry into inland and marine aquaculture. Both inland and marine aquaculture has been further sub-segmented into finfish and shellfish. The segment and sub-segment production forecast of 2009-2014 and 2016 & 2018 has been provided.

The market forecast of the aquaculture production by types of finfishes in 2014 and 2018 has also been covered in the report. Further, the report covers market forecast of commercial aquafeed market and its types (commercial fish feed and commercial shrimp feed) from 2014-2018 in value terms. Moreover, a brief overview of the prevailing FCR for some finfishes has also been provided in the report. The market drivers and government initiatives providing a boost to the aquaculture industry, along with the challenges have been highlighted in the report to provide a clear picture of the industry. The report also provides business overview of various well known industry players.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.

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