The increase in the aquaculture production of catfish and tilapia will lead to an increase in the demand for commercial aquafeed, says RNCOS.
Noida, UP -- (SBWIRE) -- 08/21/2014 -- With the growing awareness regarding the benefits of feeding the aquacultured species with commercial aquafeed, the demand for commercial aquafeed is increasing in the country. According to a new report by RNCOS, “India Commercial Aquafeed Market Outlook 2018”, until now carps were majorly being cultured in the country. However, with an increase in the production of catfish and tilapia, the amount of commercial aquafeed required in the country will also see rapid growth in the coming years.
According to our report, over the past few years, new technologies are being introduced to increase the production of tilapia and catfishes. With the development of new technologies, efforts are also being made to improve the feed of these fishes in order to attain high productivity. Thus, the commercial finfish feed consumption of tilapia and catfishes is expected to grow during 2014-2018. The growth in the demand of commercial feed of these fishes would also propel an equivalent increase in the demand for ingredients like soybean meal and rice bran amongst some, as these ingredients are used in a high proportion in the meal of above fishes.
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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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.