Noida, UP -- (SBWIRE) -- 05/14/2015 -- The Indian aquaculture industry is one of the most promising industries on global scale. As Indian Carps has gained tremendous popularity among different cuisines, government is taking initiatives to further elevate the demand of Indian aquacultured species. The subsidies and assistance provided by the government for development of aquaculture has been driving its growth in the industry. Both the Central and the State Government have undertaken several policy initiatives and measures to boost the growth of fisheries industry of India.

Various initiatives like Development of Freshwater Aquaculture, implemented by Fish Farmers Development Agencies (FFDAs), is an important scheme in inland sector. In order to boost inland fish production, assistance in the form of subsidy is given to the fish farmers for construction of new ponds, renovation of ponds and tanks, on first year inputs (fish seed, fertilizers, manures, etc.), integrated fish farming, running water fish culture, establishment of fish seed hatcheries and fish feed mills, etc. Hence, the fish farmers are motivated towards culturing the fishes and acquiring the above benefits, thus demanding more aquafeed. Also, based on the expected growth in the aquaculture industry in the country, the demand for aquafeed is bound to increase in the future.

The report "India Commercial Aquafeed Market Outlook 2018" provides an indepth and rational analysis of the commercial aquafeed market in India. It covers market forecast till 2018 for the production of major aquacultured finfishes like carps, tilapia and catfishes, along with aquacultured shellfish. Since the aquaculture production is expected to increase in the future, the production and consumption of commercial aquafeed is also bound to increase. Thus, the report also covers commercial aquafeed market forecast till 2018, which has been further fragmented into commercial finfish feed and commercial shrimp feed market.

The forecast for production and consumption of commercial finfish (i.e. carps, tilapia & catfish) feed have been drawn till 2018. A section about the major ingredients used in commercial finfish feed and their inclusion rate to generate a brief understanding of the kind of ingredients that will be in demand has also been provided in the report. Further, an overview of the drivers and the government initiatives, which have the capacity to put the industry on a growth trajectory, has also been given. We have also identified the challenges faced by the industry along with a brief overview of the FCR of various finfishes. The report also covers business overview of various well known industry players.

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