Indian Fish Market Overview, Industry Growth Rate, Research Report 2024-2032
The latest report by IMARC Group, titled “Indian Fish Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,“ offers a comprehensive analysis of the industry, which comprises insights into the fish market share in India. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Indian fish market size reached 20.7 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 41.4 Million Tons by 2032, exhibiting a growth rate (CAGR) of 7.8% during 2024-2032.
Indian Fish Market Overview:
Fish constitute a diverse group of cold-blooded aquatic vertebrates, pivotal to both ecological balance and human cuisine across the globe. In culinary contexts, fish are cherished for their versatility, featuring prominently in various dishes with preparation methods ranging from frying to steaming and grilling. Broadly categorized into freshwater and saltwater types, fish vary widely in flavor and texture, catering to an expansive palate. Key species such as salmon, tuna, cod, and herring are consumed globally, while local varieties cater to regional tastes. Nutritional benefits of fish are significant; they are a prime source of high-quality protein, essential omega-3 fatty acids, vitamins, and minerals, contributing to cardiovascular health, improved joint mobility, and mental well-being. Additionally, the ease of digestion and health benefits make fish a preferred protein source for a diverse demographic, spanning all ages.
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Indian Fish Market Trends:
The Indian fish market is experiencing rapid growth, fueled by robust demand due to the dietary preferences of its large population. India, with its extensive marine and inland water bodies, harbors a rich variety of fish, making it a major player in both domestic consumption and international seafood trade. Along with this, increasing awareness of the nutritional benefits of fish consumption has led to higher domestic demand, particularly in urban areas where dietary patterns are diversifying. In addition, government initiatives aimed at enhancing the fisheries sector are significantly enhancing fish production and quality through improved infrastructure, training, and financial aid. Apart from this, the expansion of organized retail and improvements in cold chain logistics have also played crucial roles in making diverse fish varieties accessible to consumers across the country. Furthermore, the export market remains lucrative, with Indian shrimp and other seafood varieties in high demand in markets such as the United States and Japan. These dynamics are creating a positive market outlook, supported by ongoing technological advancements in aquaculture practices.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Abad Fisheries Private Limited
Golden Prize India
Kirti Foods
Munnujii Foods International Pvt. Ltd.
Oceans Secret
Seasaga Group
Silver Sea Food
Indian Fish Market Segmentation:
Breakup by Fish Type:
Inland Fishes
Indian Major Carps
Pangasius
Exotic Carps
Clarias
Anabas
Rupchanda
Tilapia
Seabass
Others
Marine Fishes
Shrimps
Scampi
Breakup by Product Type:
Fresh
Frozen
Canned
Others
Breakup by Distribution Channel:
Retail
Institutional
Breakup by Sector:
Organised
Unorganised
Breakup by State:
West Bengal
Andhra Pradesh
Karnataka
Kerala
Gujarat
Tamil Nadu
Maharashtra
Others
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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