India Fish Market (2025-2031) | Companies, Growth, Forecast, Trends, Share, Size, Revenue, Industry, Value & Analysis

India Fish Market Growth Rate

According to 6Wresearch internal database and industry insights, the India Fish Market is projected to grow at a compound annual growth rate (CAGR) of 7.2% during the forecast period (2025-2031).

India Fish Market Highlights

Topics Covered in the India Fish Market Report

The India Fish Market report thoroughly covers the market by fish type, product type, distribution channel, and sector. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Fish Market Synopsis

The India Fish Market is experiencing reliable growth due to rising protein-based seafood consumption, the fast-growing aquaculture sector, and government-led projects to develop sustainable fishery infrastructure. The growing consumer preference for fresh and processed fish products, and the growth of exports, is also contributing to India Fish Market Growth. The growing awareness of aquaculture technologies, growing cold chain logistics, and the higher reliance on the digital workforce are supporting the supply chain efficiencies, sustainability, and profitability for producers, and supporting the modernization of aquaculture and fishing in India.

Evaluation of Growth Drivers in the India Fish Market

Below mentioned are some prominent drivers and their influence on the market dynamics:

India Fish Market is anticipated to witness significant expansion, registering a CAGR of 7.2% during 2025-2031. This growth is prompted by increasing productivity in aquaculture, improved competitiveness in exports and rising domestic demand for seafood. New developments in breeding, feed formulation, and cold storage systems are facilitating more consistent yields and better efficiency of operations. These developments lower the risk of loss between harvest and consumer, and allow firms to benefit from lower costs in logistics and better profitability across the value chain. These improvements together will increase the value of employment and wages for those who participate in aquaculture and fishing.

Evaluation of Restraints in the India Fish Market

Below mentioned are some major restraints and their influence on the market dynamics:

India Fish Market Challenges

The India Fish Industry faces various challenges, which could jeopardize its sustainability. The industry is challenged by disease outbreaks, feed costs, and cold chain inadequacies, which all seriously affect production and profitability. The industry is also heavily dependent on small fishers, and the inefficiency of supplies is also aggravated by significant post-harvest losses. More broadly, the degradation of the environment (water pollution and coastal erosion) limits the sustainable yield potential. Exporters face complex international compliance based on certification and traceability, which can increase compliance costs.

India Fish Market Trends

There are several emerging trends shaping the India Fish Market landscape are:

• Growth of Recirculatory Aquaculture Systems (RAS): The swift endorsement of RAS technology is allowing for heavy density fish farming in smaller water footprints, improving productivity and efficiency of resource use.
• Digital Marketplaces for Fisheries: Digital platforms connecting farmers and buyers are increasingly adopted, enhancing transparency, market access, and better price realization opportunities.
• Value-Added and Ready-to-Eat Products: Increased consumer desire for processed and packaged fish is driving product differentiation and branding.
• Sustainable and Organic Aquaculture: Certification programs and eco-labeling programs are encouraging sustainable practices and improving competitiveness in export markets.

Investment Opportunities in the India Fish Industry

There are several potential investment opportunities in the industry which are continuing to open new avenues:

• Integrated Aquaculture Parks - Establishing multi-species aquaculture parks that consists of hatchery, feed manufacture, post harvest and cold storage to increase aquaculture production and reduce post harvest losses.
• Export-Driven Processing Units - Use capital and other resources in seafood processing plants with automated operations that meet regulated standards in the EU, US, and Japan to capitalise on growing export demand.
• Cold Chain Development - Establish energy efficient cold storage and logistics networks to improve access to expanded seafood market opportunities for states that are not coastal.
• Feed and Seed Technologies - Invest in high-quality feed development, manufacture, and disease resistant broodstock to improve production quality and sustainability.

Top 5 Leading Players in the India Fish Market

Some leading players operating in the India Fish Market Share include:

1. Avanti Feeds Limited

Avanti Feeds is a leading manufacturer of shrimp feed and exporter of processed shrimp. The company focuses on sustainable aquaculture practices, strong farmer networks, and global-standard processing facilities.

2. The Waterbase Limited

Waterbase specializes in shrimp feed production and aquaculture consultancy. Its strategic focus on R&D-driven nutritional solutions enhances productivity and disease resistance in shrimp farming.

3. Devi Fisheries Limited

Devi Fisheries is a major seafood exporter offering frozen shrimp and fish. The company emphasizes sustainable sourcing, international certifications, and modern freezing technology for high product quality.

4. WestCoast Group

WestCoast Group operates across aquaculture, seafood processing, and retail. Its “Cambay Tiger” brand leads in frozen seafood, supported by integrated cold chain infrastructure.

5. Libra Agro Products

Libra Agro specializes in processing and exporting marine and inland fish varieties. Its strategy emphasizes quality assurance, value addition, and expanding international reach.

Government Regulations & Initiatives Introduced in the India Fish Market

According to Indian Government data, Numerous national programs have been implemented to increase fish production and exports. The Pradhan Mantri Matsya Sampada Yojana (PMMSY) promotes sustainable aquaculture as well as the development of post-harvest infrastructure. The Blue Revolution Scheme also includes upgrades to fishing harbors and fish landing centers. States like Andhra Pradesh and Gujarat are offering subsidies to the cold chain and also cluster type aquaculture. The Marine Products Export Development Authority (MPEDA) has standards for traceability and quality compliance in fish exports. The FFPOs enable cooperative marketing and digital reach to small scale producers.

Future Insights of the India Fish Market

India Fish Market is expected to increase steadily, with a greater emphasis on sustainability, value addition, and organized retail. Urban seafood consumption is increasing, export networks are becoming more robust, and smart aquaculture technologies are being adopted, allowing for greater productivity and profitability. Additionally, the integration of cold chain, logistics, and e-commerce channels will close the gap between producers and consumers. Finally, renewed government support for modern infrastructure and fishery clusters in the country will help sustain long-term growth.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Inland Fishes to Dominate the Market – By Fish Type

According to Ritika Kalra, Senior Research Analyst, 6Wresearch, Inland Fishes dominate the India Fish Market Share due to large-scale freshwater aquaculture in states like Andhra Pradesh, West Bengal, and Odisha. Their wide availability, low production cost, and adaptability to inland ponds make them the backbone of India’s fish production.

Fresh Products to Dominate the Market – By Product Type

The Fresh fish category leads the India Fish Market as consumer preference for non-frozen, locally sourced seafood remains high across rural and urban areas. Improved cold storage and rapid distribution have enhanced the freshness and quality of fish reaching retail markets.

Retail to Dominate the Market – By Distribution Channel

The Retail distribution channel dominates the India Fish Market, supported by fish markets, supermarkets, and online platforms. Increasing consumer preference for convenience and hygiene standards is boosting modern retail and e-commerce participation.

Unorganised Sector to Dominate the Market – By Sector

The Unorganised sector holds a major share of the India Fish Market due to the presence of traditional fishing communities and small-scale traders. However, the organised sector is gradually expanding through branded seafood outlets and digital marketplaces.

Key attractiveness of the report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Fish Market Outlook
• Market Size of India Fish Market, 2024
• Forecast of India Fish Market, 2031
• Historical Data and Forecast of India Fish Revenues & Volume for the Period 2021-2031
• India Fish Market Trend Evolution
• India Fish Market Drivers and Challenges
• India Fish Price Trends
• India Fish Porter's Five Forces
• India Fish Industry Life Cycle
• Historical Data and Forecast of India Fish Market Revenues & Volume By Fish Type for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Inland Fishes for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Marine Fishes for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Shrimps for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Scampi for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Fresh for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Frozen for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Canned for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Distribution Channel for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Retail for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Institutional for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Sector for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Organised for the Period 2021-2031
• Historical Data and Forecast of India Fish Market Revenues & Volume By Unorganised for the Period 2021-2031
• India Fish Import Export Trade Statistics
• Market Opportunity Assessment By Fish Type
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution Channel
• Market Opportunity Assessment By Sector
• India Fish Top Companies Market Share
• India Fish Competitive Benchmarking By Technical and Operational Parameters
• India Fish Company Profiles
• India Fish Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Fish Type

• Inland Fishes
• Marine Fishes
• Shrimps
• Scampi

By Product Type

•  Fresh
•  Frozen
•  Canned
•  Others

By Distribution Channel

•  Retail
•  Institutional

By Sector

• Organised
• Unorganised