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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Fish Market Trends
Various health benefits associated with fish consumption are positively impacting the fish consumption In India among health-conscious consumers. Sea food is rich in nutrients such as protein, omega-3 fatty acids, vitamins, and minerals, among others, which can support the overall health of a person. Omega-3 can reduce the risk of cardiovascular diseases, and Alzheimer’s disease and is good for skin and hair health. Furthermore, increasing consumption of fish is also linked to reducing stress and depression due to the presence of these fatty acids which can promote brain health.
The key players in India fish market are establishing production facilities for yielding high-quality fish feeds and meeting the demand for premium and nutritious sea foods. Skretting, a Norway-based aquafeed and nutrition company, announced in February 2023 that it is planning on launching its state-of-the-art production facility for aqua nutrition in Surat, India. This production facility will span over 20,000 square metre and aims to produce extruded and pelleted feed depending on the requirements of the shrimp and fish species.
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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