According to a new report by IMARC Group. the Indian aqua inputs and supplements (for shrimps) market exhibited strong growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of 14.6% during (2021-2026).
Aqua inputs and supplements are chemical substances, which are utilized for shrimp health management. These chemical substances protect shrimp from vibriosis and other luminescent bacteria. They also prevent the outbreak of diseases during the farming season. In India, these inputs and supplements are extensively used in shrimp aquaculture to ensure a healthy and sustainable environment for their cultivation.
The emergence of India as one of the leading producers of shrimp in the world has provided a boost to aquaculture activities across the country. This represents one of the primary factors propelling the growth of the market. Besides this, due to the rising health-consciousness, there has been a gradual shift in consumer preferences toward protein-rich food items, like shrimp. With a consequent rise in the demand for shrimp, manufacturers have also invested in producing improved inputs and supplements for shrimp aquaculture. These factors are expected to create a positive outlook for the market in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Aqua Inputs and Supplements Market Analysis and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being Bayer CropScience Limited (BAYERCROP.NS), Biostadt India Limited, C. P. Aquaculture (INDIA) Private Limited, Growel Formulations Pvt. Ltd., Gentle Bio-Sciences Pvt. Ltd., Hi-Tech Pharmacal Co. (NASDAQ:HITK), Intas Animal Health, Kemin Industries South Asia Pvt. Ltd, Neospark Drugs and Chemicals Private Limited, Poseidon Biotechnology, PVS Group, Srinivasa Cystine Pvt. Ltd., Sanzyme Biologics, SDC Agro-Vet India Pvt. Ltd., Synergy Biotechnologies, Virbac Animal Health India Private Limited, etc.
For more information about this report visit: https://www.imarcgroup.com/india-aqua-inputs-supplements-market
The report has segmented the market on the basis of Product Type, End-Use and Region.
Breakup by End-Use:
- Feed and Disease Management
- Water Management
- Soil Management
Breakup by Product Type:
- Vitamins and Mineral Supplement
- Growth Promoter
- Oxygen Enhancer
- Liming Material
- Organic/Inorganic Fertilizers
Breakup by States:
- Andhra Pradesh
- West Bengal
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