ORNAMENTAL FISH FEED MARKET ANALYSIS

Market Challenges And Opportunities

Various governments are focusing on various initiatives to promote ornamental fisheries sector, which is expected to in turn fuel the market growth. For instance, in India, The Department of Animal Husbandry, Dairying, and Fisheries, launched a pilot scheme Ornamental Fisheries Project, in March 2017, for ornamental fisheries development with a total investment of US$ 11.46 million. This is expected to create a conducive environment for growth of the market. Furthermore, increasing availability of different types of fish food based on their species type is further encouraging customers to adopt different types of ornamental fishes. All these factors are further supporting the market growth of ornamental fish feed.