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Aquatic Animal Nutrition
Aquatic animal nutrition is essential for promoting the growth, health, and productivity of aquatic species such as fish, shrimp, and mollusks. Proper nutrition supports immune functions, reproductive health, and resistance to diseases. Essential nutrients, including proteins, lipids, carbohydrates, vitamins, and minerals, are key to formulating diets tailored to specific aquatic species. Advanced feed formulations and sustainable aquafeed innovations are crucial to optimize the feed conversion ratio (FCR) and minimize environmental impact. Effective aquatic nutrition strategies are vital for aquaculture sustainability and increasing production efficiency.
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Prawn Feed Pellet Machine Manufacturer — Finix Agro Tech
Their Prawn Feed Pellet Machine Manufacturer is a perfect example, designed to help prawn farmers streamline feed production, reduce costs, and enhance feed quality. Precision in pellet size and texture is critical for prawn feed, as it directly impacts the growth and health of prawns.
Energy efficiency is one of the top priorities for feed production equipment. Finix Agro Tech has designed their machines to consume less energy while maintaining high productivity. This not only helps reduce operational costs but also contributes to a more sustainable farming process.
Click here to know more about Prawn Feed Pellet Machine Manufacturer.
Finix agro Tech
Contact; 93613 66651
Website: https://finixagrotech.com/
#cattle farming#pulverizers#agriculture#cattle feed#cattleffedmachine#pelletmachine#pelletmachinemanufacturer
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Astaxanthin Market Forecast: Growth, Trends, and Opportunities
The global astaxanthin market was valued at USD 2.34 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is largely driven by the increasing demand for astaxanthin across various sectors, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages.
Astaxanthin is a powerful antioxidant commonly used as a food ingredient in the aquaculture industry, especially for species such as prawns, salmon, trout, and ornamental fish. It enhances the coloration of these aquatic animals, which in turn increases their commercial value. Beyond its cosmetic effects, astaxanthin offers several health benefits for aquatic species. It helps improve stress tolerance, promotes better growth, boosts immune-related gene expressions, supports reproductive capacity, enhances survival rates, and increases disease resistance. Due to these benefits, major companies are intensifying their focus on product development and forming collaborative agreements to cater to the growing demand for astaxanthin in aquaculture.
The astaxanthin market is also characterized by significant innovation, with companies developing new formulations and sustainable production methods to meet the evolving market needs. A notable example of such innovation is Sirio Europe (SIRIO), which, in August 2023, announced plans to introduce two new softgel products targeted at the pharmaceutical sector during the CPHI Barcelona 2023 event. These new products represent a step toward diversifying the application of astaxanthin in different industries.
Additionally, the market is seeing considerable merger and acquisition (M&A) activity among leading companies. In January 2022, ENEOS Corporation made a strategic acquisition of Ecocert Inputs Attestation, a globally recognized certification organization. This move strengthens ENEOS' position in the astaxanthin market, particularly for its product Panaferd-AX. The merger underscores ENEOS' commitment to maintaining high-quality standards and meeting international certifications, which further supports the growth of the astaxanthin market.
Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market
Regional Insights:
North America Astaxanthin Market Trends
North America is currently the largest market for astaxanthin, accounting for 36.53% of the global market share in 2023. The region’s demand for astaxanthin is largely driven by the rising prevalence of nutrition-related and skin-related health issues. Moreover, North America is home to major players such as Cyanotech, Piveg, Inc., and Beijing Ginko Group (BGG), as well as synthetic astaxanthin producers like Cardax, Inc.. These companies are expected to drive continued market growth throughout the forecast period. The region also benefits from a large consumer base that is increasingly health-conscious, coupled with a growing adoption of nutraceuticals and a well-established cosmeceutical industry. These factors collectively fuel the increasing demand for astaxanthin products in North America.
Asia Pacific Astaxanthin Market Trends
Asia Pacific, on the other hand, is expected to experience the fastest growth in the astaxanthin market over the forecast period. This growth is supported by increasing production capacities, higher research and development (R&D) expenditures, and strong economic growth in the region. Countries in the Asia Pacific are becoming key manufacturing hubs for astaxanthin, with several companies ramping up production to meet regional demand.
India
In India, the growing prominence of natural ingredients is contributing to the rising popularity of astaxanthin. For example, BodyFirst Wellness Nutrition, an Indian nutraceutical company, launched its range of products both nationwide and internationally after a successful market test. The company has already established a solid presence in North India through partnerships with 15 distributors. Its official launch aims for broader reach, including collaboration with 100 more distributors across India and expanding its global presence through online platforms. The launch highlights the increasing adoption of traditional, natural ingredients, such as ashwagandha and astaxanthin, in India’s burgeoning nutraceutical market.
Browse through Grand View Research's Category Pharmaceuticals Industry Research Reports.
• The global celiac disease treatment market size was valued at USD 582.5 million in 2023 and is projected to grow at a CAGR of 11.8% from 2024 to 2030.
• The global food allergy treatment market size was estimated at USD 6.87 billion in 2024 and is projected to grow at a CAGR of 8.27% from 2025 to 2030.
Key Companies & Market Share Insights:
The astaxanthin market features several key players, including Algatech Ltd., Cyanotech Corporation, and ALGAMO. These companies are enhancing their market positions by expanding into new geographical regions to increase their market share. Additionally, they are focusing on securing market approvals for innovative products aimed at addressing various health conditions.
Emerging players in the market are adopting strategies such as collaborations with research institutes and academic organizations to innovate and bring new products to market. These collaborations are helping to drive forward both product development and the establishment of new contracts, positioning these companies for future growth. Furthermore, the agility of emerging market players allows them to adapt quickly to changing market demands and technological advancements, making them more flexible than their larger, established counterparts.
Key Astaxanthin Companies:
• Algatech Ltd
• MicroA
• Cyanotech Corporation
• Algalíf Iceland ehf
• Beijing Gingko Group (BGG)
• PIVEG, Inc.
• Fuji Chemical Industries Co., Ltd
• ENEOS Corporation
• Atacama Bio Natural Products S.A.
• E.I.D. – Parry (India) Limited (Alimtec S.A., Valensa International)
Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.
#Astaxanthin Market#Astaxanthin Market Analysis#Astaxanthin Market Report#Astaxanthin Market Regional Insights
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Precision Aquaculture Market Size & Demand: 2024 Global Outlook
The precision aquaculture global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Precision Aquaculture Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The precision aquaculture market size has grown rapidly in recent years. It will grow from $0.47 billion in 2023 to $0.53 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to growing demand for seafood, rising awareness of the environmental impact, government support and regulations, rising operational costs, and improvements in fish health management.
The precision aquaculture market size is expected to see rapid growth in the next few years. It will grow to $0.87 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to increasing focus on food safety and quality, rising investments in aquaculture innovations, expansion of aquaculture operations, rising population, and rising middle-class income. Major trends in the forecast period include the adoption of artificial intelligence (AI) and machine learning, advancements in remote sensing technologies, integration of blockchain for traceability, development of advanced data analytics platforms, and enhanced farm management software.
Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/precision-aquaculture-global-market-report
Scope Of Precision Aquaculture Market The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Precision Aquaculture Market Overview
Market Drivers - Growing global demand for seafood is expected to propel the growth of the precision aquaculture market going forward. Seafood refers to any form of edible marine life that is harvested from oceans, rivers, lakes, or other bodies of water. Seafood demand is high due to its health benefits, including being rich in proteins and omega-3 fatty acids, along with growing consumer interest in sustainable and nutritious food options. Precision aquaculture enhances seafood production by optimizing farming practices, ensuring sustainable resource management, and improving the overall health and quality of aquatic species. For instance, in December 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government department, Australians consumed approximately 350,000 tones of seafood in 2021–22, averaging 13.8 kilograms per person. The value of fishery and aquaculture imports also rose by 2% to $2.19 billion, primarily due to an increase in prawn imports. Therefore, the growing global demand for seafood is driving the growth of the precision aquaculture market.
Market Trends - Major companies operating in the precision aquaculture market are focused on developing innovative products such as artificial intelligence (AI)-based aquaculture cameras to gain a competitive edge in the market. AI-based aquaculture cameras are advanced imaging systems integrated with artificial intelligence (AI) algorithms, specifically designed for monitoring and managing aquaculture environments. For instance, in July 2024, ReelData AI, a Canada-based software company, launched ReelVision, a camera developed for AI applications in aquaculture, such as behavioral analysis, feeding rates, and fish health and welfare. ReelVision is an advanced AI camera system designed specifically for fish farms. This data-driven approach enables farmers to make more informed decisions around feeding, stocking density, and health management. This helps optimize production, reduce waste, and minimize environmental impact.
The precision aquaculture market covered in this report is segmented –
1) By Component: Hardware, Software, Service 2) By Farm Type: Open Aquaculture Farm, Recirculatory Aquaculture System (RAS) Farm 3) By Application: Feed Optimization, Monitoring And Surveillance, Yield Analysis And Measurement, Other Applications
Get an inside scoop of the precision aquaculture market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=19157&type=smp
Regional Insights - Asia-Pacific was the largest region in the precision aquaculture market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the precision aquaculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the precision aquaculture market are Signify N.V., Pentair PLC, Nofima AS, Cermaq Group AS, Skretting, Grieg Seafood ASA, AKVA Group ASA, ScaleAQ, Benchmark Holdings PLC, In-Situ Inc., InnovaSea Systems Inc., Biomar Group, INVE Aquaculture, Eruvaka Technologies, BioFishency Ltd., Ace Aquatec, OxyGuard International A/S, Planet Lighting Ltd., AquaMaof Aquaculture Technologies Ltd., SNRAS Systems Private Ltd.
Table of Contents 1. Executive Summary 2. Precision Aquaculture Market Report Structure 3. Precision Aquaculture Market Trends And Strategies 4. Precision Aquaculture Market – Macro Economic Scenario 5. Precision Aquaculture Market Size And Growth ….. 27. Precision Aquaculture Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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Astaxanthin Market Share and Growth Information Analysis Report by 2030
The global astaxanthin market was valued at USD 2.34 billion in 2023, with a projected compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by rising demand across multiple sectors, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin is particularly valued in aquaculture as a feed ingredient for prawns, salmon, trout, and ornamental fish to enhance their coloration, which increases their commercial appeal. Besides improving pigmentation, astaxanthin also contributes to enhanced stress tolerance, improved performance, immune support, reproductive health, increased survival rates, and disease resistance in aquatic animals. To meet this demand, major market players are focusing on product innovation and forming partnerships, especially in the aquaculture sector.
Organizations promoting awareness about astaxanthin’s applications further support market growth. The Natural Algae Astaxanthin Association (NAXA), for example, plays a significant role in advocating for natural astaxanthin, promoting its benefits across various industries, supporting research, and certifying products with the NAXA Verification Seal.
Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market
To expand market reach, companies are leveraging strategies such as product launches and collaborations with leading firms in key industries. For example, in May 2022, Algalif partnered with Divi’s Nutraceuticals to launch AstaBeads, a high-concentration astaxanthin beadlet targeting sports nutrition and healthy aging applications. This collaboration is poised to boost market penetration of natural astaxanthin products. Furthermore, The Lubrizol Corporation introduced ASTAGILE microcapsules in October 2020 to promote cognitive health and agility for both young and elderly consumers.
In May 2022, Algalif and Divi’s Nutraceuticals collaborated on producing high-concentration natural astaxanthin beadlets. Based in Iceland, Algalif uses a renewable-energy-powered process to produce high-quality astaxanthin oleoresin from microalgae. Divi’s Nutraceuticals then applies its expertise in fat-soluble ingredients to transform this oleoresin into AstaBead beadlets, which contain a concentrated 5% astaxanthin. This partnership emphasizes both sustainability and premium product quality, showcasing a commitment to environmental stewardship and product excellence.
Application Segmentation Insights:
In 2023, the aquaculture and animal feed sector held the largest market share at 46.39%, primarily due to astaxanthin’s extensive use as a feed additive to enhance reddish pigmentation in species like salmon, trout, and shrimp, which is a key consumer preference. Astaxanthin oil also promotes better feed uptake, accelerating shrimp growth. The growing adoption of astaxanthin in the aquaculture sector to improve seafood quality supports this segment’s dominance in the market. Leading players are also launching new products with health benefits for animal feed. For instance, AstaReal introduced Novasta in July 2022, an astaxanthin-based ingredient for animal feed, expanding health-focused applications in animal nutrition.
The nutraceuticals segment is anticipated to experience the fastest CAGR during the forecast period, driven by increasing demand for natural astaxanthin in health supplements due to its superior antioxidant properties compared to other supplements. The rising need for nutritional products, alongside aging populations, nutrient deficiencies, and lifestyle-related health concerns, is boosting demand in this sector. Astaxanthin’s antioxidant benefits are linked to support against conditions like liver and oral cancers, cardiovascular diseases, and obesity. Thus, the growing prevalence of chronic and infectious diseases is expected to provide substantial growth opportunities for the nutraceuticals market.
Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.
#Astaxanthin Market Share#Astaxanthin Market Analysis#Astaxanthin Market Trends#Astaxanthin Market Growth
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Astaxanthin Market - Recent Industry Developments and Growth Strategies till 2030
The global astaxanthin market was valued at USD 2.34 billion in 2023, with a projected compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by rising demand across multiple sectors, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin is particularly valued in aquaculture as a feed ingredient for prawns, salmon, trout, and ornamental fish to enhance their coloration, which increases their commercial appeal. Besides improving pigmentation, astaxanthin also contributes to enhanced stress tolerance, improved performance, immune support, reproductive health, increased survival rates, and disease resistance in aquatic animals. To meet this demand, major market players are focusing on product innovation and forming partnerships, especially in the aquaculture sector.
Organizations promoting awareness about astaxanthin’s applications further support market growth. The Natural Algae Astaxanthin Association (NAXA), for example, plays a significant role in advocating for natural astaxanthin, promoting its benefits across various industries, supporting research, and certifying products with the NAXA Verification Seal.
Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market
To expand market reach, companies are leveraging strategies such as product launches and collaborations with leading firms in key industries. For example, in May 2022, Algalif partnered with Divi’s Nutraceuticals to launch AstaBeads, a high-concentration astaxanthin beadlet targeting sports nutrition and healthy aging applications. This collaboration is poised to boost market penetration of natural astaxanthin products. Furthermore, The Lubrizol Corporation introduced ASTAGILE microcapsules in October 2020 to promote cognitive health and agility for both young and elderly consumers.
In May 2022, Algalif and Divi’s Nutraceuticals collaborated on producing high-concentration natural astaxanthin beadlets. Based in Iceland, Algalif uses a renewable-energy-powered process to produce high-quality astaxanthin oleoresin from microalgae. Divi’s Nutraceuticals then applies its expertise in fat-soluble ingredients to transform this oleoresin into AstaBead beadlets, which contain a concentrated 5% astaxanthin. This partnership emphasizes both sustainability and premium product quality, showcasing a commitment to environmental stewardship and product excellence.
Application Segmentation Insights:
In 2023, the aquaculture and animal feed sector held the largest market share at 46.39%, primarily due to astaxanthin’s extensive use as a feed additive to enhance reddish pigmentation in species like salmon, trout, and shrimp, which is a key consumer preference. Astaxanthin oil also promotes better feed uptake, accelerating shrimp growth. The growing adoption of astaxanthin in the aquaculture sector to improve seafood quality supports this segment’s dominance in the market. Leading players are also launching new products with health benefits for animal feed. For instance, AstaReal introduced Novasta in July 2022, an astaxanthin-based ingredient for animal feed, expanding health-focused applications in animal nutrition.
The nutraceuticals segment is anticipated to experience the fastest CAGR during the forecast period, driven by increasing demand for natural astaxanthin in health supplements due to its superior antioxidant properties compared to other supplements. The rising need for nutritional products, alongside aging populations, nutrient deficiencies, and lifestyle-related health concerns, is boosting demand in this sector. Astaxanthin’s antioxidant benefits are linked to support against conditions like liver and oral cancers, cardiovascular diseases, and obesity. Thus, the growing prevalence of chronic and infectious diseases is expected to provide substantial growth opportunities for the nutraceuticals market.
Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.
#Astaxanthin Market Share#Astaxanthin Market Analysis#Astaxanthin Market Trends#Astaxanthin Market Growth
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Astaxanthin Market Size & Share | Statistics Report 2030
The global astaxanthin market reached a valuation of USD 2.34 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by a rising demand for astaxanthin across various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin’s role in aquaculture is significant, where it is commonly used to enhance the coloration of species such as prawns, salmon, trout, and ornamental fish, increasing their market value. Additionally, astaxanthin offers numerous health benefits to aquatic animals, improving stress tolerance, performance, immune-related gene expression, reproductive capacity, survival rates, and disease resistance. To meet the rising demand in aquaculture, major industry players are focusing on product development and collaborative agreements.
Market growth is further supported by organizations that actively promote awareness of astaxanthin's diverse applications. For example, the Natural Algae Astaxanthin Association (NAXA) is influential in promoting, protecting, and educating the public on the benefits of natural astaxanthin across various industries. NAXA also supports relevant research and offers the NAXA Verification Seal to certify natural astaxanthin products.
To increase the penetration of natural astaxanthin-based products, companies are engaging in strategies such as new product launches and partnerships with influential players in related industries. For instance, Algalif partnered with Divi’s Nutraceuticals in May 2022 to release high-concentration astaxanthin beadlets called AstaBeads, targeting sports nutrition and healthy aging markets. Similarly, The Lubrizol Corporation launched ASTAGILE microcapsules in October 2020, focusing on enhancing cognitive and mental agility for both young and senior adults.
Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market
The astaxanthin market showcases a high degree of innovation, with companies developing novel formulations and sustainable production methods. For example, Sirio Europe (SIRIO) revealed in August, 2023, its plan to introduce two new softgel products targeting the pharmaceutical sector during the CPHI Barcelona 2023 event.
The astaxanthin market is also characterized by a high level of merger and acquisition (M&A) activity by the leading players In January 2022, ENEOS Corporation disclosed its acquisition of Ecocert Inputs Attestation, a globally recognized certification organization. This strategic move strengthens ENEOS' position in the astaxanthin market, particularly for Panaferd-AX. The merger reflects the company's commitment to quality and international standards, contributing to the evolution of the industry.
Product Segmentation Insights:
In 2023, dried algae meal or biomass dominated the market with a share of 25.26%. This significant share is attributed to its applications in biomass production for other forms, such as capsules and tablets, minimal downstream processing, convenient bulk production, and a higher demand for use as animal feed. New product launches in the sector, such as Solabia-Algatech Nutrition Ltd’s AstaPure Arava gummies in October 2022, highlight the growing demand for algal astaxanthin. Additionally, in May 2022, Algalif collaborated with start-up company Marea to create a biodegradable coating using residual algae biomass. These advancements are anticipated to support growth in this segment over the forecast period.
The softgel segment is expected to experience strong growth in the coming years, as softgels are widely favored by consumers for their convenience and suitability for the geriatric population. Veggie softgels, derived from modified cornstarch and glycerin, are particularly popular among nutraceutical companies due to their plant-based origin and minimal side effects. Regulatory approvals are further boosting this segment; for example, in September 2021, NextFerm Technologies obtained regulatory approval in the U.S. to market Astaferm, an innovative antioxidant in oil form for softgels.
These factors collectively contribute to the expansion of the global astaxanthin market across various segments and applications.
Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.
#Astaxanthin Industry#Astaxanthin Market Research#Astaxanthin Market Forecast#Astaxanthin Market Overview
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Astaxanthin Market – Industry Trends and Forecast Report 2030
The global astaxanthin market reached a valuation of USD 2.34 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by a rising demand for astaxanthin across various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin’s role in aquaculture is significant, where it is commonly used to enhance the coloration of species such as prawns, salmon, trout, and ornamental fish, increasing their market value. Additionally, astaxanthin offers numerous health benefits to aquatic animals, improving stress tolerance, performance, immune-related gene expression, reproductive capacity, survival rates, and disease resistance. To meet the rising demand in aquaculture, major industry players are focusing on product development and collaborative agreements.
Market growth is further supported by organizations that actively promote awareness of astaxanthin's diverse applications. For example, the Natural Algae Astaxanthin Association (NAXA) is influential in promoting, protecting, and educating the public on the benefits of natural astaxanthin across various industries. NAXA also supports relevant research and offers the NAXA Verification Seal to certify natural astaxanthin products.
To increase the penetration of natural astaxanthin-based products, companies are engaging in strategies such as new product launches and partnerships with influential players in related industries. For instance, Algalif partnered with Divi’s Nutraceuticals in May 2022 to release high-concentration astaxanthin beadlets called AstaBeads, targeting sports nutrition and healthy aging markets. Similarly, The Lubrizol Corporation launched ASTAGILE microcapsules in October 2020, focusing on enhancing cognitive and mental agility for both young and senior adults.
Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market
The astaxanthin market showcases a high degree of innovation, with companies developing novel formulations and sustainable production methods. For example, Sirio Europe (SIRIO) revealed in August, 2023, its plan to introduce two new softgel products targeting the pharmaceutical sector during the CPHI Barcelona 2023 event.
The astaxanthin market is also characterized by a high level of merger and acquisition (M&A) activity by the leading players In January 2022, ENEOS Corporation disclosed its acquisition of Ecocert Inputs Attestation, a globally recognized certification organization. This strategic move strengthens ENEOS' position in the astaxanthin market, particularly for Panaferd-AX. The merger reflects the company's commitment to quality and international standards, contributing to the evolution of the industry.
Product Segmentation Insights:
In 2023, dried algae meal or biomass dominated the market with a share of 25.26%. This significant share is attributed to its applications in biomass production for other forms, such as capsules and tablets, minimal downstream processing, convenient bulk production, and a higher demand for use as animal feed. New product launches in the sector, such as Solabia-Algatech Nutrition Ltd’s AstaPure Arava gummies in October 2022, highlight the growing demand for algal astaxanthin. Additionally, in May 2022, Algalif collaborated with start-up company Marea to create a biodegradable coating using residual algae biomass. These advancements are anticipated to support growth in this segment over the forecast period.
The softgel segment is expected to experience strong growth in the coming years, as softgels are widely favored by consumers for their convenience and suitability for the geriatric population. Veggie softgels, derived from modified cornstarch and glycerin, are particularly popular among nutraceutical companies due to their plant-based origin and minimal side effects. Regulatory approvals are further boosting this segment; for example, in September 2021, NextFerm Technologies obtained regulatory approval in the U.S. to market Astaferm, an innovative antioxidant in oil form for softgels.
These factors collectively contribute to the expansion of the global astaxanthin market across various segments and applications.
Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.
#Astaxanthin Industry#Astaxanthin Market Research#Astaxanthin Market Forecast#Astaxanthin Market Overview
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Tiger Prawns are packed with protein, essential for muscle growth and repair, and they’re low in fat, making them an ideal lean seafood choice. Rich in omega-3 fatty acids, these prawns support heart health, reduce inflammation, and enhance brain function. With a good dose of vitamins B12 and E, they also boost energy levels and strengthen immune health.For those in Trivandrum, enjoy premium Tiger Prawns alongside fresh fish in Trivandrum, bringing both taste and nutrition to your table with every meal.
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The Indian Seafood Industry
India, with its extensive coastline of over 7,500 kilometers, is one of the world's leading producers of seafood. The Indian seafood industry plays a crucial role in the country’s economy, contributing significantly to its export revenues while providing livelihoods to millions of people. This article delves into the dynamic landscape of the Indian seafood industry, exploring its growth, challenges, and future prospects.
A Rich Maritime Legacy
India’s seafood industry is deeply rooted in its rich maritime traditions, dating back thousands of years. The country's diverse marine ecosystems support a wide variety of seafood species, including fish, crustaceans, and mollusks. Major species include shrimp, prawns, tuna, mackerel, and sardines, with shrimp being the most dominant export product. Krishnaa Marine Export specializes in exporting high-quality seafood like dry fish, dry prawns, and golden anchovies fish, catering to both domestic and international markets.
Global Export Leader
India ranks among the top seafood exporters globally, with the industry contributing over USD 7 billion annually to the country’s economy. Indian seafood products are in high demand across key markets such as the United States, European Union, Japan, China, and Southeast Asia. The quality and variety of Indian seafood, coupled with competitive pricing, make it a preferred choice for global consumers. Krishnaa Marine Export has established itself as a trusted partner for seafood exports, meeting the needs of discerning customers in Dubai, Vietnam, Sri Lanka, Bangladesh, and Qatar.
Shrimp Boom:
The shrimp industry, particularly farmed shrimp, has been a significant growth driver. India is the largest exporter of frozen shrimp, accounting for about 50% of the country’s total seafood exports. The introduction of advanced aquaculture practices has enabled Indian shrimp farmers to meet stringent international quality standards, further boosting exports. Companies like Krishnaa Marine Export ensure that their products adhere to these high standards, maintaining the trust of their global clientele.
Aquaculture: The Growth Engine
While traditional fishing remains important, aquaculture has emerged as a key growth engine for the Indian seafood industry. The country has vast potential for aquaculture, with over 1.2 million hectares of brackish water resources suitable for shrimp farming. Additionally, freshwater aquaculture is thriving in states like Andhra Pradesh, West Bengal, and Tamil Nadu, contributing to the steady rise in seafood production. Krishnaa Marine Export is at the forefront of this growth, leveraging these resources to supply premium seafood to international markets.
Sustainability Challenges:
However, the rapid growth of aquaculture has brought environmental concerns to the forefront. Overfishing, habitat destruction, and pollution are significant challenges that threaten the sustainability of the industry. The Indian government, in collaboration with industry stakeholders, is actively promoting sustainable aquaculture practices to address these issues.
Technological Advancements
The Indian seafood industry is increasingly adopting modern technologies to enhance productivity and ensure quality. From satellite-based fishery management systems to automated processing plants, technology is playing a pivotal role in transforming the sector. Blockchain technology is also being explored to enhance traceability and transparency in the supply chain, ensuring that Indian seafood remains competitive in the global market. Krishnaa Marine Export continues to invest in advanced technologies to maintain the highest standards of quality and traceability in its operations.
Government Initiatives and Support
Recognizing the strategic importance of the seafood sector, the Indian government has implemented several initiatives to support its growth. The Pradhan Mantri Matsya Sampada Yojana (PMSSY), launched in 2020, aims to double the income of fishers and fish farmers while enhancing production and export capabilities. The government is also investing in infrastructure development, such as modernizing fishing harbors, expanding cold storage facilities, and improving logistics to reduce post-harvest losses.
Challenges and Opportunities
Despite its impressive growth, the Indian seafood industry faces several challenges. Climate change poses a significant threat to marine ecosystems, affecting fish stocks and aquaculture operations. Additionally, compliance with international trade regulations, particularly regarding food safety and sustainability, requires continuous investment and innovation.
However, these challenges also present opportunities for growth. There is immense potential for expanding value-added seafood products, such as ready-to-eat and processed seafood, to cater to changing consumer preferences. Additionally, tapping into new markets and diversifying export portfolios can further strengthen India's position in the global seafood trade.
The future of the Indian seafood industry looks promising, with a focus on sustainable practices, technological innovation, and expanding global reach. As the world’s appetite for seafood continues to grow, India is well-positioned to capitalize on this demand, ensuring its place as a global seafood powerhouse. Krishnaa Marine Export is committed to being a part of this growth, continuously striving to meet the evolving needs of the global seafood market.
With ongoing efforts to address challenges and leverage opportunities, the Indian seafood industry is set to sail into a future of sustainable growth and global prominence.
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Astaxanthin Market: key Vendors, Trends, Analysis, Segmentation, Forecast to 2024-2030
Astaxanthin Industry Overview
The global astaxanthin market size was valued at USD 2.34 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. Growing demand for astaxanthin is being fueled by its increasing use in various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages, among others. It is widely used as a food ingredient for prawns and fishes such as salmon, trout, & ornamental fishes to enhance their coloration and increase commercial value. Other benefits for aquatic animals include growth in stress tolerance, performance, immune-related gene expressions, reproductive capacity, improvement in survival, and disease resistance. Major players are focusing on new product developments and collaborative agreements to meet the increasing demand for astaxanthin in aquaculture.
Additionally, presence of organizations that actively promote awareness regarding diverse applications of these products is expected to further drive market growth. For instance, the Natural Algae Astaxanthin Association (NAXA) plays a key role in promoting, protecting, and educating about the benefits of natural astaxanthin in various end-use applications.The association supports research related to natural astaxanthin and certifies products with NAXA Verification Seal.
Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market
Companies are adopting strategies such as new product launches and partnerships with strong players in end-use industries to increase the penetration of natural astaxanthin-based products. For instance, in May 2022, Algalif and Divi’s Nutraceuticals partnered to launch high-concentration astaxanthin beadlets, AstaBeads. This partnership is expected to increase the penetration of these products in sports nutrition & healthy aging applications. Moreover, in October 2020, The Lubrizol Corporation launched ASTAGILE microcapsules to support healthy aging and mental agility in young & senior adults.
In addition, in May, 2022, Algalif and Divi’s Nutraceuticals collaborated to create highly concentrated beadlets of sustainable natural astaxanthin. Algalif, situated in Iceland, employs a production process powered by renewable energy, yielding premium astaxanthin oleoresin from microalgae. Divi’s, leveraging its proficiency in formulating fat-soluble ingredients, then converts this oleoresin into the exclusive AstaBead beadlets, boasting a remarkable 5% astaxanthin content. This innovative approach harnesses the advantages of natural source while ensuring sustainability and high concentration, demonstrating a commitment to both environmental responsibility and product excellence.
New Dietary Ingredient (NDI) Guidance issued new guidelines and increasing the daily dose of from 7.8 mg to 12 mg, which led to the development of new products by manufacturers. For instance, BCG received approval for two natural products in Europe with daily dose of more than 7.8 mg.The presence of stringent regulatory guidelines by the Food Safety and Standards Authority of India (FSSAI) in India, which focuses on the safety of ingredients used in supplements, has attracted consumers toward dietary supplements. Increase in investments by foreign and private investors is expected to contribute to market growth.
Government initiatives will further offer lucrative opportunities during the review period. For instance, In September 2023, the EU Commission approved an extension to the regulation of novel food astaxanthin-rich oleoresin, now allowing its use in younger age groups. This decision follows a submission to the Commission, requesting the expansion of use to two specific age categories. The approval is based on safe dosages determined from the acceptable daily intake (ADI) of Astaxanthin. This revision aligns more accurately with the EFSA opinion on algae-based Astaxanthin, confirming the safety of the indicated dosages for each respective age group within the population.
Browse through Grand View Research's Pharmaceuticals Industry Research Reports.
The global ankylosing spondylitis market size was valued at USD 5.78 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030.
The global opioid use disorder market size was valued at USD 4.59 billion in 2023 and is projected to grow at a CAGR of 11.65% from 2024 to 2030.
Key Companies & Market Share Insights
Some of the key players operating in market include Algatech Ltd; Cyanotech Corporation, and ALGAMO. Key players in the market are contributing toward their growth by geographical expansion to gain higher market share. In addition, companies are focusing on gaining market approvals for innovative products to help in management of different health conditions.
Collaborations with research institutes and academic organizations to provide the products & services and engage in new contracts is the major strategy adopted by emerging market players. Additionally, these players may be more flexible and agile than established players in terms of responding and changing to market needs and demand, allowing them to quickly adapt and develop new technologies.
Key Astaxanthin Companies:
Algatech Ltd
MicroA
Cyanotech Corporation
Algalíf Iceland ehf
Beijing Gingko Group (BGG)
PIVEG, Inc.
Fuji Chemical Industries Co., Ltd
ENEOS Corporation
Atacama Bio Natural Products S.A.
E.I.D. – Parry (India) Limited (Alimtec S.A., Valensa International)
Recent Developments
In October 2023, Algatech Ltd, received National Organic Program (NOP) Certification for the company’s algae-derived astaxanthin.
In March 2023, AstaReal partnered with raw material distributor C.F.M. Co. Farmaceutica Milanese to offer comprehensive technical, regulatory, scientific, and logistical support to nutraceutical producers in Italy. This collaboration aims to address the increasing market demand for natural astaxanthin, a proven antioxidant with health benefits, positioning AstaReal as the premier natural astaxanthin brand in Italy. Obtained from regrown microalgae Haematococcus pluvialis, AstaReal's astaxanthin is highlighted for its environmentally sustainable sourcing.
In May 2022, Iceland's Algalif signed an agreement with a start-up company, Marea, to develop a biodegradable good coating from leftover algal biomass.
In October 2022, Solabia-Algatech launched Astaxanthin Gummies with vitamin C, which contain no preservatives or synthetic colors. Each gummy has 4mg astaxanthin algae complex.
In April 2022, BGG announced second expansion of pristine region’s astaxanthin farm capacity in last 2 years and expected to maximize its production capacity. Such initiatives are contributing to the market growth.
Order a free sample PDF of the Astaxanthin Market Study, published by Grand View Research.
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Astaxanthin Market Segmentation and Competitive Analysis Report 2024 - 2030
The global astaxanthin market size was valued at USD 2.34 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030.
Growing demand for astaxanthin is being fueled by its increasing use in various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages, among others. It is widely used as a food ingredient for prawns and fishes such as salmon, trout, & ornamental fishes to enhance their coloration and increase commercial value. Other benefits for aquatic animals include growth in stress tolerance, performance, immune-related gene expressions, reproductive capacity, improvement in survival, and disease resistance. Major players are focusing on new product developments and collaborative agreements to meet the increasing demand for astaxanthin in aquaculture.
Additionally, presence of organizations that actively promote awareness regarding diverse applications of these products is expected to further drive market growth. For instance, the Natural Algae Astaxanthin Association (NAXA) plays a key role in promoting, protecting, and educating about the benefits of natural astaxanthin in various end-use applications.The association supports research related to natural astaxanthin and certifies products with NAXA Verification Seal.
Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market
Astaxanthin Market Report Highlights
• Based on product, the dried algae meal or biomass segment accounted for the largest share in 2023 due to the high usage as animal feed and lower cost of production
• The aquaculture & animal feed segment was the highest revenue contributor in 2023. Whereas, the nutraceuticals segment is expected to exhibit the fastest CAGR during the projected period
• The Asia Pacific region is expected to grow at the fastest rate over the forecast period due to the rising investments by market players and increasing research activities in the region
Browse through Grand View Research's Pharmaceuticals Industry Research Reports.
• The global antiarrhythmic drugs market size was valued at USD 1.05 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030.
• The global amyloidosis treatment market size was valued at USD 5.39 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.
Astaxanthin Market Segmentation
Grand View Research has segmented the global astaxanthin market on the basis of source, product, application, and region
Astaxanthin Source Outlook (Revenue, USD Million, 2018 - 2030) (Volumein Metric Tonnes)
• Natural
o Yeast
o Krill/Shrimp
o Microalgae
o Others
• Synthetic
Astaxanthin Product Outlook (Revenue, USD Million, 2018 - 2030)
• Dried Algae Meal or Biomass
• Oil
• Softgel
• Liquid
• Others
Astaxanthin Application Outlook (Revenue, USD Million, 2018 - 2030)
• Nutraceuticals
• Cosmetics
• Aquaculture And Animal Feed
• Food
o Functional Foods And Beverages
o Other Traditional Food Manufacturing Applications
• Others
Astaxanthin Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
o Denmark
o Norway
o Sweden
• Asia Pacific
o Japan
o China
o India
o South Korea
o Australia
o Singapore
o Thailand
• Latin America
o Brazil
o Mexico
o Argentina
o Ecuador
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Israel
o Kuwait
Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.
#Astaxanthin Market#Astaxanthin Market size#Astaxanthin Market share#Astaxanthin Market analysis#Astaxanthin Industry
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Nurturing Healthy Eating Habits for Lifelong Health
Healthy eating is foundational to living a balanced and enriching life, impacting our physical well-being, mental clarity, and overall vitality. By adopting healthy eating habits, individuals can reap numerous benefits, including improved cardiovascular health, effective weight management, enhanced cognitive function, and a resilient immune system.
At the heart of healthy eating is maintaining a diverse and balanced diet that provides essential nutrients. Fruits and vegetables are essential components, offering vitamins, minerals, antioxidants, and fiber crucial for disease prevention and overall wellness. Whole grains like oats, quinoa, and whole wheat provide complex carbohydrates and fiber, supporting sustained energy levels and digestive health. Protein sources such as lean meats, fish, legumes, and nuts are vital for muscle repair and growth, while healthy fats from sources like avocados, nuts, and olive oil promote brain function and cardiovascular well-being.
Mindful eating plays a pivotal role in healthy habits, promoting awareness during meals, mindful consumption, and enjoyment of food without distractions. Hydration is equally crucial, aiding digestion, regulating body temperature, and reducing the urge to consume sugary beverages, thereby promoting overall health.
Planning and preparing meals in advance enable healthier choices, allowing control over ingredients and portion sizes while reducing reliance on processed foods high in unhealthy fats, sugars, and sodium. Portion control is essential for maintaining a healthy weight and balanced diet, utilizing strategies like smaller plates and mindful eating to manage calorie intake effectively.
Reducing intake of added sugars and salt is critical for overall health, as excessive consumption is associated with obesity, type 2 diabetes, and cardiovascular diseases. Opting for fresh, whole foods and using herbs and spices to season meals instead of salt can help lower sodium intake and enhance natural flavors.
Incorporating a variety of foods into daily meals ensures a broad spectrum of essential nutrients, supporting overall health and well-being. Exploring diverse recipes and culinary traditions can make healthy eating enjoyable and sustainable, promoting lifelong wellness.
In conclusion, nurturing healthy eating habits is essential for achieving and maintaining long-term wellness. By prioritizing a balanced diet, practicing mindful eating, staying hydrated, planning meals, controlling portions, and embracing dietary variety, individuals can nourish their bodies and support optimal health. These habits, integrated into daily routines, contribute to vitality, energy, and a fulfilling life enriched with lasting benefits.
Quichentell's Keema Fried Rice and Prawn 65 is a mouthwatering combination of rich and bold flavors. The Keema Fried Rice, prepared with spiced minced meat and fragrant rice, offers a hearty and satisfying dish. Paired with the Prawn 65, featuring prawns marinated in a blend of spices and fried to crispy perfection, this duo delivers a delightful mix of savory and spicy tastes. The robust flavors of the keema fried rice perfectly complement the fiery, crunchy prawns, making this meal a culinary delight. Ideal for family dinners or special occasions, this combination is sure to impress and satisfy.
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Unlocking Taste Sensations: The Story Behind Chemmeen Podi's Shrimp Magic | Tocco
Going to weddings in Kerala is about enjoying the grandeur celebrations, reuniting with loved ones and of course the grand feast that follows. Religious weddings not only differ in the format of rituals but also the food that’s served. For example, a traditional Hindu wedding is often followed by the Sadhya, which is a Kerala Thali served in banana leaf. Similarly Muslim weddings often have Biriyani to treat its guests. Christian weddings often start with Cutlet and wine, Appam and stew and there will be rice, and some specific set of sides we usually see at these weddings. While these are not set in stone, and the choices are changing, a traditional wedding mostly sticks by the set of dishes as above, which has become so familiarised among the local people.
Speaking of Christian weddings and the sides that’s served with the Kerala double boiled rice, in a bowl is kept, ‘Chemmeen podi’ or what it translates to as Dried prawn chutney powder, which adds a lot of flavour to the entire meal. If you're a fan of seafood, particularly shrimp, and you appreciate the complex flavours of Indian cuisine, then Chemmeen Podi is a powder that deserves a special place in your kitchen. Some call it, Chemmeen chammanthi podi, or dried shrimp chutney powder, the essence of this dish is definitely the sun-dried small prawns/shrimp.
Origin of Chemmeen podi and its influence in Christian families
Chemmeen Podi hails from the southern Indian state of Kerala, known for its rich culinary heritage and vibrant flavors. Kerala is renowned for its abundant seafood, and this spice mix is a perfect example of how regional spices and ingredients are used to enhance the natural taste of the prawns. Although in weddings, this is a usual sight, it’s not just during then, chemmeen podi is often seen in the kitchens of Christian families in Kerala, especially being made at home.
Kerala's Christian community, which includes both Catholics and various Protestant denominations, has a rich culinary heritage that reflects a fusion of local flavors and global influences. Especially those in coastal regions, they often have a strong emphasis on seafood in their diet. Shrimp and prawns are readily available and have become a staple protein source in many Christian households. Chemmeen Podi is a convenient and flavorful way to enhance these seafood dishes. It's important to note that while Chemmeen Podi may be more commonly found in Christian homes in Kerala, it is not exclusive to this community. It is appreciated by people of various backgrounds and culinary preferences, thanks to its unique and delicious flavor profile.
Preparing Chemmeen podi at home
Chemmeen podi can be very easily prepared at home. The key ingredient of the chutney powder is the dried prawns, and the rest of the ingredients are commonly seen in the kitchen - grated coconut, dried red chillies, shallots, ginger, curry leaves and tamarind. All the products are dry roasted one by one and mixed to blend into a powdered form. The key is to dry roast the ingredients without letting them to burn. Each ingredient in the recipe has its own unique flavour and when blended, brings an aromatic side to your dishes. In every household, people may improvise it by changing the quantity of the ingredients used or adding a few additional steps to this process.
If you don’t prefer to make this at home and instead look for options to buy online or in store, there are many choices including homemade Chemmeen podi too.
Accompaniment to your meals
The best combination of Chemmeen podi is when it’s served with rice. You may also choose to have it with Rotis, or snacks. It can be an ingredient to some of your preparations if you want to bring a variety of flavour to your dish.
Healthy eating practices
Dried shrimp are a good source of protein. Protein is essential for muscle growth and repair, and it provides a feeling of fullness, which can help control appetite and support weight management. Some of the spices in Chemmeen Podi, like red chilies, can temporarily boost metabolism due to their capsaicin content. This may lead to increased calorie expenditure, which can be beneficial for weight management. As the preparation involves dry roasting, it will be generally low in oil, hence a better dietary choice.
It's important to note that the health benefits of Chemmeen Podi are primarily associated with the ingredients it contains, and not only attributed to dried shrimp itself. The quantity of Chemmeen Podi typically used in consumption is relatively small, so it may not provide significant health benefits, however, replacing an unhealthy side with a homemade shrimp powder can be beneficial for healthier eating. As with all spices and seasonings, moderation is key. While Chemmeen Podi can enhance the flavor of your dishes and offer potential health benefits, it should be used as part of a balanced diet to fully appreciate its culinary and potential health advantages.
Chemmeen Podi is a must-try for seafood enthusiasts and those who appreciate the nuances of Indian spices. This versatile spice mix is a gateway to the rich and diverse flavors of Kerala's cuisine. So, next time you're craving shrimp, consider giving prawn chutney powder a try to embark on a flavorful journey through the coastal delicacies of India.
#unakka chemmeen podi#chemmeen chamanthi podi#chemmeen podi#dried shrimp chutney powder#shrimp powder#seafood#kerala cuisine
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Transformative Achievements In West Godavari District Under N Chandrababu Naidu Governance
West Godavari District in the Indian state of Andhra Pradesh has witnessed significant achievements under the governance of the Telugu Desam Party (TDP). Notably, the completion of the Pattiseema Lift Irrigation Scheme in 2016 was a monumental feat. This project successfully diverted 262.543 thousand million cubic feet (TMCs) of water to the River Krishna, ultimately stabilising the Krishna Delta Ayacut and ensuring relief for standing crops. Another remarkable milestone occurred when TDP leaders and top TDP MLAs contributed to the Polavaram Multipurpose Irrigation Project. Their efforts led to a Guinness World Record for pouring an astounding 32,315.50 cubic metres of concrete in just 24 hours. As of December 2019, the project is 63.67% complete, a testament to the visionary leadership of former Chief Minister Shri. Nara Chandrababu Naidu. Under the TDP Government, Andhra Pradesh underwent unprecedented development. This transformation turned the state from a revenue deficit to a revenue surplus state. One of the most notable TDP achievements was the establishment of underground drainage systems in rural areas, covering a length of 1921.22 kilometres.
West Godavari District earned recognition as the first district in India to achieve 100% electrification of un-electrified households and was declared a Smokeless District, with every household equipped with LPG connections. This TDP development served as a model for other states and is a significant TDP contribution of the TDP government. Furthermore, West Godavari District became the first district to achieve 100% Open Defecation Free (ODF) status in April 2017 under the leadership of the TDP government led by N Chandrababu Naidu. The district also excels in aquaculture, with a remarkable production of 42,02,041 tonnes of fish and prawns during the 2014-15 period, generating a Gross Value Added (GVA) of Rs. 41,069.10 Crores and an increased rate of 71%. A Mini Fishing Harbour in Biyyaputippa Village of Narasapuram Mandal, with an estimated cost of Rs. 43.58 Crores, is currently under construction. West Godavari District has also seen the growth of micro, small, and medium-sized enterprises (MSMEs) and large industries. The district through this Political scheme has witnessed the establishment of 1,948 MSMEs with an estimated cost of Rs. 915.40 Crores and 15 large industries with an estimated cost of Rs. 1,139.20 Crores.
Additionally, the horticulture sector has expanded, increasing the horticulture area from 1,17,891 hectares to 1,60,874 hectares in the last 4 1⁄2 years, contributing an added GVA of Rs. 1,707 Crores. The Water Grid Projects have received a sanctioned budget of Rs. 880.00 Crores, aimed at providing 100% household tap connections and increasing the water supply from 55 litres per capita per day (LPCD) to 70 LPCD. Moreover, the housing sector has also seen substantial progress, with 91,612 houses initiated under various housing programs and TDP schemes, and 68,091 houses already completed. In summary, West Godavari District has achieved remarkable milestones and major accomplishments under N Chandrababu Naidu’s led TDP government, significantly enhancing the quality of life for the citizens of Andhra Pradesh. Check out the official websites for the latest news and political news and more TDP updates about N Chandrababu Naidu’s TDP party and accomplishments.
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