Indian Fish Market Overview:
According to the latest report by IMARC Group, titled “Indian Fish Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Indian fish market reached a volume of 17.4 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 29 Million Tons by 2027, exhibiting a CAGR of 8.9% during 2022-2027.
Fishing is practiced along the entire length of the Indian coastline as well as at the banks of many rivers flowing across the country. It covers numerous activities such as the capturing, culturing, preserving, transporting, processing, marketing or selling of fish and other related products. The Indian fish industry plays a vital role in providing employment, livelihood and food security across the region. In addition, the industry is a major contributor to the country’s overall exports of food products. A shift towards mechanization and the adoption of modern methods for fish processing are currently promoting fish production in India.
COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Fishes are perceived as a rich source of digestible protein and polyunsaturated fatty acids, owing to which their demand is increasing among health-conscious consumers. Moreover, the country has emerged as a major exporter of frozen shrimp and fish products to numerous international markets. However, a significant part of the total area available for fishing activities is still left unutilized in the country. This untapped growth potential has made the Indian fish industry an attractive market for foreign investors. Apart from this, the presence of fishing infrastructure and liberalized policies and regulations are also supporting the inflow of foreign investments.
Key Market Segmentation:
Market Breakup by Fish Type:
- Inland Fishes
- Indian Major Carps
- Exotic Carps
- Marine Fishes
Based on the fish type, the market has been segmented as inland fishes, marine fishes, shrimps and scampi. Currently, inland fishes dominate the market, holding the largest share.
Market Breakup by Product Type:
Based on the product type, the market has been segmented as fresh, frozen, canned and others.
Market Breakup by Distribution Channel:
Market Breakup by Sector:
Market Breakup by States:
- West Bengal
- Andhra Pradesh
- Tamil Nadu
The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.
Key highlights of the Report:
- Market Performance(2016-2021)
- Market Outlook(2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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