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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Fish Market Growth
Fish is a limbless cold-blooded vertebrate animal, which has gills and fins. It is enriched with calcium and phosphorus and is a good source of minerals, like iron, iodine, magnesium zinc, and potassium. It is a low-fat high-quality protein and is filled with omega-3 fatty acids and vitamins, including D and B2 (riboflavin).
The India fish market value is increasing due to the rising per capita consumption of the product over the last few years. On account of inflating disposable incomes and changing food habits, the consumption of sea food is expected to increase over the forecast period. The market growth is also driven by the huge export potential it offers as the market accounts for about 6% of global production. Currently, the country represents one of the largest producers of fish in the world. In recent years, India has witnessed huge growth both in domestic consumption, as well as the export of fish, consequently enhancing the overall market growth.
The expansion of the cold chain logistics is also a crucial factor propelling the India fish market development. This expansion has facilitated the storage and transportation of frozen fish and increased their availability in urban areas, where convenient and frozen food products are gaining popularity due to busy lifestyles.
India Fish Market Report Snapshots
India Fish Market Regional Analysis
*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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Key Questions Answered in the Report
In 2023, the India fish market attained a value of nearly INR 1,881.84 billion.
The market is projected to grow at a CAGR of 11% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about INR 4,813.81 billion by 2032.
The major drivers of the market are rising disposable incomes, increasing population, rise in the consumption of protein-rich foods, and growing domestic demand for fish-based food products.
The key trends guiding the growth of the market is the ease in the accessibility of processed fish products, including canned and frozen, due to the growth of the organised food retail sector and rising health awareness.
The major regions in the market are West Bengal, Andhra Pradesh, Karnataka, Kerala, Gujarat, Tamil Nadu, and Maharashtra, among others.
Inland fishes, marine fishes, shrimps, and scampi are the various fish types available in the market.
The major product types in the market are fresh, frozen, and canned, among others.
The significant distribution channels of fish are retail, institutional and HoReCa.
The organised and unorganised segments are the major sectors in the market.
The major players in the market are 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.
West Bengal is India’s one of the biggest fish market.
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