COVID-19 had affected many industries and Aquaculture Feed Market was no exception. But as things are returning to normal, the Aquaculture feed industry is also getting back on track.
From our exclusive report, we have brought you the two prime factors that have been helping the aquaculture feed sector to flourish again in the Indian market.
1. India experienced the ripple effect of COVID-19 in FY’21; tourism, automotive industry, and the aqua feed industry were some of the worst affected industries
2. But as the pandemic is fading away, the Indian Aquaculture Feed Market have started gaining momentum and now poised to reach around INR 19000 Crores by FY’27
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3. Increase in Fish Seed Production, Surging Exports, and Rising Demand for Shrimps are the major factors that are helping the aquaculture feed industry to rebound after the pandemic
4. Various government-sponsored schemes and Custom duty Reduction are acting as add-ons for the growth of the aquaculture as well as aqua feed industry
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