Expert Market Research Explores the Top 10 Companies in the India Fish Market

Silver Sea Food, Abad Fisheries Private Limited, Seasaga Group, Geo Seafood, Apex Frozen Foods Ltd, Kirti Foods, Munnujii Foods International Pvt. Ltd, Oceans Secret, Prakash Foods, and Golden Prize India, among others, are the major players in the India fish market.

The India fish market stood at a value of approximately INR 1,881.84 billion in 2023. The market is projected to grow at a CAGR of 11% between 2024 and 2032, reaching a value of around INR 4,813.81 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the growing population, increasing consumption of seafood, and rising disposable income.

India's per capita fish consumption grew to 13 kg per capita per annum in 2022-23. This was only 7kg in 2011-12. Over the last five years, about 28% of households have reported an increase in fish consumption, with 56% attributing this to a greater variety of available fish. The increase in the consumption of fish is aided by the rapid increase in disposable income. Additionally, the proportion of monthly household consumption expenditure on fish relative to total food expenditure rose to 16.8% in 2022-23 from 7.6% in 2011-12.

In addition, the rapid population growth is supporting the India fish market growth. According to the World Bank, the Indian population reached 1.42 billion in 2022, which was 1.37 billion in 2018. Further, according to the World Economic Forum, the Indian population is expected to reach 1.52 billion by 2030. This is expected to notably increase the consumption of fish in the country.

In September 2023, In Panaji, the Krishi Vigyan Kendra (KVK) in Margao introduced a solar-electric hybrid fish dryer developed by ICAR-Central Institute of Fisheries Technology, Kochi. This technology implemented by the agriculture department under the RKVY-AFTAAR project, ensures hygienic, eco-friendly drying and reduces contamination, labour, and fuel consumption compared to traditional open drying methods.

Top 10 Companies in the India Fish Market:

Silver Sea Food

Silver Sea Food, a leading seafood processor from the west coast of India, offers a variety of seafood products including shrimp, Cuttlefish, octopus, and many more. It also exports high quality Indian seafoods, including frozen fish. The Silver Group operates seven plants in Porbandar, Veraval, and Mumbai, ensuring top-quality seafood products. With increasing global demand, the company aims to enhance its growth potential and identify opportunities in the growing seafood sector.

Abad Fisheries Private Limited

Abad Fisheries, founded in 1931, is India's leading supplier of quick frozen seafood of the highest quality. With 11 certified factories and a production capacity of 300 MT per day, along with 4 public cold stores holding over 15,000 MT, the company maintains high standards at every processing stage. Strategically located near major fishing harbors and aquaculture farms, Abad Fisheries is committed to excellence and traditional values.

Seasaga Group

Seasaga Group, one of India's largest and oldest frozen seafood processing and exporting companies, operates strategically located factories in Mumbai on the West Coast and Visakhapatnam on the East Coast. This positioning allows access to the freshest sea-caught and farmed seafood products, ensuring high-quality offerings.

Geo Seafood

Geo Seafood is a leading producer of fresh, frozen, cooked, and processed IQF seafood in India. It was incorporated in 1970. With world-class facilities and top-notch technology, they ensure high-quality standards, timely delivery, and exceptional customer service. Accredited by EEC and the USFDA, Geo Seafood maintains international standards through a comprehensive approach to sourcing, processing, and delivery, supported by skilled suppliers and a modernized infrastructure.

Apex Frozen Foods Ltd

Apex Frozen Foods Ltd is a leading producer and exporter of shelf-stable aquaculture products, primarily processed Vannamei shrimp. It supplies to the USA, UK, and Europe under customer brands and under its brands: Bay Fresh, Bay Harvest, and BayPremium. Based in Andhra Pradesh, the company operates an integrated facility for hatchery, farming, and processing. With a capacity of over 9,240 MTPA, it maintains high quality standards and certifications, ensuring its growth in global markets.

Kirti Foods

Kirti Foods, based in New Delhi, has quickly become a leading name in the Indian seafood industry since 2018, offering quality frozen seafood such as Salmon Fillet, Prawns, Mahi Mahi, and Tuna. The company's dedication to quality processing and customer service, along with reasonable pricing, has earned it nationwide trust and strong business relationships.

Munnujii Foods International Pvt. Ltd

Munnujii Foods International Pvt. Ltd., based in Ranchi with a factory in Udupi, specializes in canned fish varieties like Tuna, Sardine, and Mackerel in different mediums. Renowned for its quality, the company has successfully captured the domestic market and now aims to expand globally, sharing the delightful taste of India through exports.

Oceans Secret

Oceans Secret is a leading seafood company. The company has a global presence with operations in over 14 countries. It has distribution hubs in the Middle East and Africa. It also has a manufacturing hub in Goa (India). The company offers products like Tuna, Sardines, and Mackerel.

Green Incredible Foods Pvt Ltd (Green Chick Chop)

Green Chick Chop offers fresh, hygienic raw and marinated meat, seafood, veg, and heat and eat products. The company started with a farm in Delhi and opened its first store in 1988. By 2004, the company began franchising, and currently, it has over 100 stores across major cities like Delhi NCR, Indore, and Kanpur. It offers a range of mutton, chicken, seafood, cold cuts, and marinades. The company also provides doorstep delivery.

Golden Prize India

Golden Prize India is a part of the Ashokasha Group of Companies. It has been offering innovative and high-quality seafood products to its Indian consumers since 1997. Known for its leadership in shelf-stable seafood, the brand emphasizes product innovation, quality management, and sustainability. It distributes through retail, online platforms, and food service channels. Golden Prize offers a diverse range of canned seafood, ensuring consumers of all ages enjoy nutritious and tasty foods.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.