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The India Basa fish market is being aided by the growing fish market in India, which stood at a value of around INR 1,669.75 billion in 2023. The India fish market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 10.50%.
The demand for frozen products in India is growing significantly. This can be attributed to their high shelf life, lower price, sustainability, and easy availability in convenience stores. Additionally, the growing adoption of advanced cold storage technology in the seafood industry is anticipated to propel the sales of frozen fish products. These products have high protein value and provide improved flavours to consumers. Hence, these factors are expected to positively influence the market growth in the forecast period.
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The growing aquaculture and fisheries production in India is expected to aid the market growth across the country. Moreover, the advancements in technology and the favourable government regulations to strengthen the country’s seafood industry are expected to further contribute to the market growth.
Basa fish is defined as a type of catfish which belongs to the Pangasiidae family. The scientific name of Basa fish is Pangasius bocourti and flesh of this fish has a light and mild flavour with a firm texture. In addition to this, Basa fish is low in calories and contains high-quality protein. Basa fish are prevalent in the Southeast Asian region and are native to Mekong and Chao Phraya rivers.
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Based on product type, the market can be segmented into:
On the basis of source, the market has been bifurcated into:
The major end uses of the product include:
The regional markets for the product include North, South, East, and West.
The thriving food industry owing to the rising disposable incomes, increasing population, and increasing inclination towards food products with high nutritional value is driving the market growth in India. Basa fish contains omega-3, which is great for the heart and helps cure depression. In addition to this, the rising heart related diseases are likely to contribute to the product demand. Apart from this, the market is anticipated to be aided by the emerging e-commerce industry in India, which is gradually increasing its foothold in the seafood segment. For instance, in October 2021, India’s first e-fish market application Fishwaale was launched in Assam to provide a one-stop solution for aquaculture, helping the fish farming community. Furthermore, the increasing sales of boneless Basa fish fillets in the country owing to the growing awareness about esophageal fish bone foreign body (FFB) disease is anticipated to provide impetus to the market in the forecast period.
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The report also gives a detailed analysis of the major players in the India Basa fish market, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, investments, capacity expansions, and plant turnarounds.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Source |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
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*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.*
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The India Basa fish market is being supported by the growing fish market in India, which attained a value of nearly INR 1,669.75 billion in 2023.
The India fish market, which is aiding the growth of the India Basa fish market, is estimated to grow at a CAGR of 10.50% between 2024 and 2032.
The major regions in the industry are North, South, East, and West.
The major drivers of the industry, such as the thriving seafood industry, growing demand for fish due to high nutritional value, and rising health awareness, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing inclination towards consuming fish products with low calories and high protein content.
Fresh and frozen are the major product types included in the market report.
Imported and local are the major segments based on source.
Institutional and retail are the different end uses of the product.
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