Product Code: ETC7543445 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India fish and seafood market import shipment demonstrated robust growth from 2020 to 2024, with a notable CAGR of 65.8%. The growth momentum remained strong as indicated by a substantial growth rate of 65.5% between 2023 and 2024, showcasing a continuously expanding market trend.
The India Fish and Seafood Market is a dynamic sector driven by increasing consumer awareness of the health benefits of seafood, growing demand for protein-rich diets, and expanding distribution channels. The market offers a wide variety of products including fresh, frozen, canned, and processed seafood. With a coastline of over 7,500 kilometers, India has abundant marine resources and a rich tradition of seafood consumption. Key players in the market include WestCoast Group, Avanti Feeds, and Devi Seafoods. However, challenges such as inconsistent quality standards, inadequate infrastructure, and regulatory issues hinder the market`s growth potential. Despite these challenges, the market is poised for steady growth, fueled by changing consumer preferences towards healthier food choices and the increasing popularity of seafood dishes in the country.
The India Fish and Seafood Market is experiencing significant growth driven by increasing consumer awareness of the health benefits of seafood, rising disposable incomes, and a growing preference for protein-rich diets. Key trends include the rising demand for premium and value-added seafood products, sustainable sourcing practices, and the popularity of online seafood delivery services. Opportunities in the market lie in the expansion of aquaculture activities, innovative product offerings catering to changing consumer preferences, and the development of cold chain infrastructure to reduce post-harvest losses. Additionally, the increasing focus on quality and safety standards presents opportunities for market players to differentiate themselves and gain consumer trust in this competitive market landscape.
The India Fish and Seafood Market faces several challenges, including issues with infrastructure and logistics, inconsistent quality and safety standards, competition from unorganized local suppliers, and fluctuating demand due to cultural and religious factors. Inadequate cold chain facilities and poor transportation networks often lead to spoilage and quality deterioration of products. Ensuring food safety and maintaining quality standards across the supply chain remains a key concern for both domestic and export markets. Additionally, the presence of unorganized players operating outside regulatory frameworks poses challenges in terms of fair competition and consumer trust. Addressing these challenges requires investments in infrastructure, technology, and regulatory enforcement to enhance efficiency, quality control, and market competitiveness in the Indian Fish and Seafood industry.
The India Fish and Seafood Market is primarily driven by increasing consumer awareness about the health benefits of seafood consumption, coupled with a growing trend towards healthier eating habits. The rising demand for protein-rich food options, as well as the influence of various culinary cultures and preferences, are also key drivers of market growth. Additionally, improvements in cold chain infrastructure and distribution networks have facilitated the availability of a wider variety of seafood products across different regions in India, further boosting market demand. Government initiatives to promote aquaculture and sustainable fishing practices are expected to drive the growth of the fish and seafood market in India by ensuring a steady supply of high-quality products to meet the increasing consumer demand.
The Indian government has implemented various policies to support and regulate the Fish and Seafood Market. Key initiatives include the Blue Revolution scheme aimed at enhancing fish production and productivity through modern technology and infrastructure development. The National Fisheries Policy focuses on sustainable management of fisheries resources, promoting aquaculture, and improving the livelihoods of fisherfolk. Additionally, the Marine Products Export Development Authority (MPEDA) plays a crucial role in promoting seafood exports by setting quality standards, providing market intelligence, and facilitating market access. These policies aim to boost the growth of the Indian Fish and Seafood Market, ensure sustainable practices, and enhance the competitiveness of Indian seafood products in the global market.
The India Fish and Seafood Market is poised for growth in the coming years, driven by factors such as increasing consumer demand for protein-rich foods, rising disposable incomes, and a growing awareness of the health benefits of seafood consumption. With a coastline of over 7,500 kilometers and a rich variety of marine resources, India has immense potential to expand its fish and seafood industry. Additionally, government initiatives to boost aquaculture production and improve infrastructure for the fishing sector are expected to further stimulate market growth. As consumers continue to seek diverse and sustainable food options, the India Fish and Seafood Market is likely to experience increased demand for a variety of fresh and processed products, presenting opportunities for both domestic producers and international exporters.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Fish and Seafood Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Fish and Seafood Market Revenues & Volume, 2021 & 2031F |
3.3 India Fish and Seafood Market - Industry Life Cycle |
3.4 India Fish and Seafood Market - Porter's Five Forces |
3.5 India Fish and Seafood Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Fish and Seafood Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India Fish and Seafood Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Fish and Seafood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of fish and seafood consumption |
4.2.2 Rising disposable income leading to higher demand for premium seafood products |
4.2.3 Growing popularity of ready-to-eat seafood products |
4.3 Market Restraints |
4.3.1 Concerns regarding sustainability and overfishing practices |
4.3.2 Price volatility due to factors like weather conditions and transportation costs |
5 India Fish and Seafood Market Trends |
6 India Fish and Seafood Market, By Types |
6.1 India Fish and Seafood Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Fish and Seafood Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 India Fish and Seafood Market Revenues & Volume, By Fresh Fish, 2021- 2031F |
6.1.4 India Fish and Seafood Market Revenues & Volume, By Fresh Seafood, 2021- 2031F |
6.2 India Fish and Seafood Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Fish and Seafood Market Revenues & Volume, By Fresh, 2021- 2031F |
6.2.3 India Fish and Seafood Market Revenues & Volume, By Frozen, 2021- 2031F |
6.2.4 India Fish and Seafood Market Revenues & Volume, By Canned, 2021- 2031F |
6.2.5 India Fish and Seafood Market Revenues & Volume, By Cured, 2021- 2031F |
6.3 India Fish and Seafood Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Fish and Seafood Market Revenues & Volume, By Offline, 2021- 2031F |
6.3.3 India Fish and Seafood Market Revenues & Volume, By Online, 2021- 2031F |
7 India Fish and Seafood Market Import-Export Trade Statistics |
7.1 India Fish and Seafood Market Export to Major Countries |
7.2 India Fish and Seafood Market Imports from Major Countries |
8 India Fish and Seafood Market Key Performance Indicators |
8.1 Average per capita consumption of fish and seafood |
8.2 Number of new product launches in the fish and seafood market |
8.3 Percentage of households consuming fish and seafood |
8.4 Investment in aquaculture infrastructure |
8.5 Consumer satisfaction levels with the quality of fish and seafood products |
9 India Fish and Seafood Market - Opportunity Assessment |
9.1 India Fish and Seafood Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Fish and Seafood Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India Fish and Seafood Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Fish and Seafood Market - Competitive Landscape |
10.1 India Fish and Seafood Market Revenue Share, By Companies, 2024 |
10.2 India Fish and Seafood Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |