India Aquaculture & Marine Products Market to Grow at a Steady Rate until 2025
Increasing demand for marine products to drive India aquaculture
& marine products market.
According
to TechSci Research report, “India
Aquaculture & Marine Products Market By Rearing Product Type
(Equipment, Chemicals, Pharmaceuticals, Fertilizers, Others), By Type
(Fisheries, Seaweeds, Microalgae, Crustaceans, Molluscs, Others), By Production
Type (Small-Scale, Medium & Large Scale), By Culture (Freshwater, Brackish
Water, Marine), By Region, Forecast & Opportunities, 2025”, the India aquaculture & marine products market is
expected to grow at a steady rate during the forecast period on account of increasing
need to maintain food safety & security. Additionally, drastic decrease in
natural feedstock is further expected to increase the demand for aquaculture
& marine products. Furthermore, ongoing advancements with respect to
offshore and open aquaculture techniques is expected to create lucrative
opportunities for the market growth through 2025. Besides, growing smart
fishing activities are further expected to foster the market growth in the
country. Also, aquaculture has emerged out as a source of employment in India and
helps in improving the socio-economic status of those involved in it, thereby
positively influencing the market growth. However, increasing water pollution might
pose a challenge to the health of aquatic life, thereby hampering the market
growth. Also, uncertain climatic conditions and fluctuating temperatures impact
the reproduction cycle of the aquatic life, which might further impede the
market growth.
Browse
XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on " India Aquaculture& Marine Products Market"
The India aquaculture & marine products market is segmented based on
rearing product type, type, production type, culture, company, and region. Based
on rearing product type, the market can be fragmented into equipment,
chemicals, pharmaceuticals, fertilizers and others. Here, the chemicals segment
is expected to register the highest growth in the market owing to their
extensive use in pond preparation, improving the health of aquatic environment,
disease control, among others. Based
on production type, the market can be segmented into small-scale and medium
& large scale. Among these, the small-scale production type segment is
expected to dominate the market owing to the growing demand for marine products
in the country for both consumption and export. Based on culture, the market
can be grouped into freshwater, brackish water and marine. Out of these, the freshwater
segment is expected to dominate the market owing to the increase in the number
of artificial ponds meant for aquaculture. However, the marine culture segment
is expected to hold a significant market share owing to the increasing demand
for seafood products and declining capture in fishery landings from the oceans.
Additionally, ongoing technological advancements such as water recirculation
system are expected to further drive the segmental growth.
Avanti Feeds Ltd., Cargill Inc, The Waterbase Limited, Aller Aqua,
Altech, Archer Daniels Midland Co., BASF SE, Nutreco NV, Growel Feeds Private
Limited, The Waterbase Limited and others are some of the leading players
operating in India aquaculture & marine products market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
Download Free Sample Report
Customers can also
request for 10% free customization on this report.
“India aquaculture & marine products market
is expected to witness significant growth during the forecast period on account
of the fact that India is an export oriented country and hence, aquaculture and
fish farming are sectors of key importance to the country. Furthermore,
increasing demand for frozen foods and ready to eat food items with longer
shelf life has increased the demand for marine products, thereby propelling the
market growth. Additionally, increasing expenditure on R&D and new product
developments by major players operating in the market is expected to create
lucrative opportunities for market growth through 2025.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based India
management consulting firm.
“India Aquaculture & Marine Products Market By
Rearing Product Type (Equipment, Chemicals, Pharmaceuticals, Fertilizers,
Others), By Type (Fisheries, Seaweeds, Microalgae, Crustaceans, Molluscs,
Others), By Production Type (Small-Scale, Medium & Large Scale), By Culture
(Freshwater, Brackish Water, Marine), By Region, Forecast & Opportunities,
2025”, has
evaluated the future growth potential of India aquaculture & marine
products market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India aquaculture &
marine products market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com