Top 10 Fish Industry Leaders in India | Market Overview

The India fish market stood at a value of approximately INR 1,881.84 billion in 2024. The market is projected to grow at a CAGR of 10.20% between 2025 and 2034, reaching a value of around INR 4970.48 billion by 2034. 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.

Latest Updates on Top Fish Companies in India | Market News

In March 2024, Goa’s Canacona approved a ₹3 crore fish market project to improve hygiene, storage, and sales infrastructure. The modern facility aims to support local fish vendors, enhance consumer experience, and boost the fishing economy, ensuring better market conditions and sustainability in seafood trade.

In February 2024, India signed a seafood export quality assurance agreement with the U.S., aligning with Indonesia and Ecuador. This deal ensures Indian seafood meets U.S. safety and sustainability standards, boosting market access. The agreement is expected to enhance traceability, improve regulatory compliance, and expand India's seafood exports to the American market. 

In February 2024, Blue Pearl, a new Fish Farmer Producer Company, was launched in Kodungallur, Kerala. Backed by ICAR, the initiative aims to empower fish farmers through better market access, modern aquaculture techniques, and collective bargaining. It strengthens India's fisheries sector by promoting sustainability, improving livelihoods, and enhancing seafood production efficiency.

In January 2024, the Sustainable Fisheries Partnership launched an initiative to minimize the environmental impact of India's shrimp farms. The project promotes responsible aquaculture practices, reducing disease outbreaks and habitat destruction. By improving water quality management and supply chain transparency, the initiative aims to enhance sustainability while maintaining India’s competitive edge in global shrimp exports.

Top 10 Leading Companies in the Indian Fish Market:

1. 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. The company sources its seafood from certified, environmentally responsible fisheries, ensuring that its products meet the highest standards of freshness and quality. Silver Sea Food works closely with its suppliers and partners to maintain a sustainable and traceable supply chain, adhering to international food safety and quality standards. In addition to its focus on sustainability, Silver Sea Food is dedicated to technological innovation. The company invests in state-of-the-art processing facilities and cold-chain logistics to ensure that its products reach customers in optimal condition. The company’s products are available to various industries, including retail, food service, and wholesale distribution.

2. 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. Abad Fisheries offers a wide range of products, including frozen fish, shrimp, cuttlefish, and squid, catering to both domestic and international markets. With state-of-the-art processing facilities and a focus on quality control, Abad Fisheries ensures that all its products meet global food safety standards. The company is known for its ethical sourcing practices, working closely with local fishermen and maintaining a strong emphasis on sustainability. Abad Fisheries is also involved in the development of aquaculture, ensuring a reliable and consistent supply of premium seafood. The company has earned certifications such as HACCP (Hazard Analysis and Critical Control Points), ISO 22000, and other international food safety standards, reinforcing its commitment to quality.

3. 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. Seasaga Group operates a diverse portfolio, including shipping and freight forwarding, port management, and offshore engineering solutions, serving a wide range of sectors such as oil and gas, construction, and trade. The group is known for its innovative approach, leveraging advanced technologies and sustainable practices to optimise operations and enhance efficiency. Their fleet includes a variety of vessels, from bulk carriers to specialised offshore support vessels, ensuring the company’s capability to meet the complex demands of the maritime sector. Seasaga Group is committed to safety, environmental responsibility, and regulatory compliance, positioning itself as a trusted partner for clients around the world. With a customer-centric philosophy, Seasaga Group continuously invests in the development of its human resources and infrastructure to remain at the forefront of the maritime industry

4. 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. The company has built a reputation for its commitment to providing sustainable and fresh seafood to customers worldwide. Geo Seafood operates with a focus on environmental responsibility, ensuring that its operations adhere to best practices in sustainable fishing and aquaculture. The company’s product portfolio includes a wide range of seafood, such as fish, shellfish, and crustaceans, all sourced from responsible fisheries and aquaculture farms. Geo Seafood is known for its strict quality control measures, ensuring that all products meet the highest industry standards. The company’s offerings cater to both retail and food service sectors, with a diverse range of products available in fresh, frozen, and processed forms.

5. 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. The company's product portfolio includes a variety of frozen shrimp, such as white shrimp, black tiger shrimp, and other value-added seafood products. These products are sourced from the Indian coastline, where Apex operates state-of-the-art processing facilities adhering to international quality standards and certifications. Apex Frozen Foods focuses on meeting the increasing global demand for healthy, protein-rich food products, supplying its offerings primarily to markets in North America, Europe, and Asia. Apex Frozen Foods is committed to sustainability, incorporating eco-friendly practices across its operations. This includes implementing responsible farming practices, ensuring traceability, and adhering to stringent food safety standards.

6. 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. Established with the goal of delivering high-quality and nutritious food solutions, the company has built a strong presence in both domestic and international markets. Kirti Foods specializes in producing a variety of processed food items, including snacks, condiments, spices, and ready-to-eat meals. The company is committed to using the finest raw materials and state-of-the-art manufacturing processes to ensure that each product meets the highest standards of taste, quality, and safety. With a focus on innovation and customer satisfaction, Kirti Foods continually invests in research and development to introduce new products that cater to evolving consumer preferences. The company also emphasizes sustainable practices, ensuring that its production processes are environmentally friendly and resource-efficient.

7. 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. Munnujii Foods International offers a wide range of products, including ready-to-eat meals, snacks, beverages, and spices, catering to various consumer preferences and dietary requirements. The company’s commitment to quality and customer satisfaction is reflected in its state-of-the-art manufacturing facilities that adhere to international food safety standards. With a focus on sustainability, Munnujii Foods has integrated eco-friendly practices in its operations, from sourcing raw materials to packaging and distribution. The company continuously invests in research and development to introduce new products that align with the latest market trends and consumer demands for healthier and more convenient food options.

8. Oceans Secret

Oceans Secret is a leading player in the global marine ingredients industry. The company specializes in the sustainable harvesting, processing, and distribution of high-quality marine-based products, including fish oils, omega-3 fatty acids, and other marine-derived ingredients used in the food, nutraceutical, and cosmetic sectors. With a strong commitment to environmental responsibility, Oceans Secret ensures its products are sourced through ethical practices, prioritizing sustainability and environmental conservation. The company’s state-of-the-art manufacturing facilities adhere to the highest quality standards, ensuring products that meet the needs of health-conscious consumers and industry demands. Oceans Secret offers a diverse product portfolio, including omega-3 oils, marine proteins, collagen, and astaxanthin, all renowned for their superior quality and health benefits. With a global presence and a robust distribution network, Oceans Secret has established itself as a trusted supplier to leading brands worldwide. The company’s focus on innovation, quality, and sustainability positions it as a key player in the marine ingredients industry, striving to enhance the health and vitality of people across the globe.

9. Prakash Foods

Prakash Foods is a leading manufacturer and distributor of high-quality food products. The company has built a strong reputation for delivering a wide range of packaged foods that cater to diverse consumer needs. Prakash Foods offers an extensive portfolio, including snacks, ready-to-eat meals, condiments, and beverages, with a focus on quality and taste. The company’s commitment to quality is evident in its state-of-the-art manufacturing facilities, which adhere to global food safety and hygiene standards. With a strong focus on innovation, Prakash Foods constantly works to develop new products that align with changing consumer preferences and market trends. Prakash Foods has a robust distribution network that ensures its products are available across India and in international markets. The company places a high emphasis on sustainable practices, including eco-friendly packaging and reducing its carbon footprint.

10. 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. Golden Prize is a leading company in the manufacturing and export of high-quality food products, primarily focusing on a diverse range of spices, herbs, and seasonings. Established with a vision to provide premium, authentic ingredients, Golden Prize India has successfully built a reputation for delivering flavour-packed products that enhance the culinary experience across the globe. The company is known for its meticulous sourcing of raw materials, ensuring that all products meet strict quality standards, free from artificial additives or preservatives. 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.