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Indian Shrimp Feed Export-Import Market Forecast

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MEGAA MODA Pvt. Ltd.
9th Floor, Flat A10, CIC Building, 33A Chowringhee
Kolkata
West Bengal 700071 
India
Phone:+ 91 33 4021 9200
Fax:+ 91 33 4021 9292
sales@megaa.in

Shrimp market is one of India’s leading capital earning sectors whereby the export of the seafood brings in huge revenue. After surveys and research conducted by ResearchAndMarkets.com, it has been observed that the Indian shrimp feed market has touched the production volume of 1MT in the year 2018. On this, Mr. Yogesh Gupta said, ‘as shrimp and prawn exporters we are elated to know shrimp feed production has reached such a scale and we are a part of it. Shrimp feed is highly nutritional and I believe consuming shrimps on a daily basis will not harm anyone’.

Shrimp helps to maintain the necessary levels of nutritional requirements like amino acids, minerals, vitamins, fatty acids, and other essential nutrients. India aims to produce more good quality shrimps throughout the year. It is believed that high-grade quality feed assists in enhancing the shrimp production, values, and decreasing the environmental deterioration caused by shrimp cultivation.

One of the principal constituents catalyzing the development of the Indian shrimp supplies business is the large marine resources in India that supports the growth of the aquaculture industry. Besides, the market is already affected by the commercialization of vannamei shrimp, underpinned by continued demand from both developed as well as developing countries. When we caught up with S. Ramalingam, he said, ‘In this scenario, we have to work on producing quality shrimp feed that will help us grow’.

The shrimp feed market of the nation is predicted to touch 1.8 Million Tons by the year 2024, recording a CAGR of 10% through 2019-2024. Depending on the type, the market is segmented as starter grade, producer grade, and finisher grade. Presently, starter grade is dominating the market, which holds the highest share in the shrimp feed market of the nation. Among all the nutrients, proteins and vitamins enjoy clear demand in the business. Moreover, there is a segregation state-wise like and shrimp producers in West Bengal possess the best quality feed in India.

Megaa Moda is one of the leading Shrimp Exporters from West Bengal, India. They have been producing quality shrimps for years and is labeled as the two-star export house. They also take care of the shrimp feed as the quality is their first priority. They have factories laid out near shrimp catchment areas in the state.

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