India Fish Market (2023-2029) | COVID-19 IMPACT, Companies, Growth, Forecast, Trends, Share, Size, Revenue, Industry, Value & Analysis

India Fish Market Outlook Highlights

Report Name	India Fish Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	8.84%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Fish Type, By Product Type, By Distribution Channel, By Sector
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in India Fish Market Report

India Fish Market report thoroughly covers the market by fish type, by product type, by distribution channel, by sector. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the 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 a significant sector in the country`s economy, driven by the increasing consumption of fish and seafood products. The growing awareness about the health benefits of fish consumption and the rising demand for protein-rich foods have contributed to the market`s expansion. Additionally, local players and fishermen`s cooperatives also contribute to the market, providing fresh fish to local markets and consumers. With the government`s focus on promoting the fisheries sector and improving infrastructure, the India fish market is expected to witness continued growth.

According to 6Wresearch, the India Fish Market size is anticipated to register a CAGR of 8.84% and it will reach 31.9 million tons during 2023–2029. The India fish market is experiencing steady growth owing to factors such as rising disposable income, a shift in consumer preferences towards healthier food options, and increasing awareness of the nutritional benefits of fish consumption. The expansion of the organized retail sector and the growth of online food delivery platforms have also contributed to the market`s development. However, challenges related to supply chain logistics and the perishable nature of fish products remain significant concerns for market players. The India fish market is experiencing steady growth owing to the rising demand for seafood products, both domestically and internationally. Factors such as population growth, changing dietary preferences, and increased health consciousness are driving the demand for fish and seafood products. Nevertheless, the industry faces challenges in terms of sustainable fishing practices, overfishing, and environmental concerns. Striking a balance between meeting consumer demands and preserving marine ecosystems poses a significant challenge for the India fish market. These challenges can pose the India Fish Market Growth.

COVID-19 Impact on India Fish Industry

The fish market in India was witnessing substantial growth, driven by increasing demand for seafood products, both domestically and for export. India has a vast coastline and a significant number of inland water bodies, making it a major player in the fishing industry. The market was influenced by factors such as changing consumer preferences, rising disposable incomes, and advancements in fishing techniques and storage facilities. The COVID-19 pandemic likely impacted the supply chain and logistics, affecting fish trade and consumption patterns. The pandemic also affected the Asia Pacific Fish Market.

Prominent Players of the Market

Key players in the market, including Hindustan Unilever Limited, WestCoast Group, and Avanti Feeds Limited, play a crucial role in fish processing, distribution, and retailing. These players have been significantly contributing to the progression of the market.

Fish Market in India: Government Initiatives

India Fish Market has been an essential component of the nation’s economy and livelihoods, providing employment to a number of people, especially in coastal regions. Recognizing its prominence, the Indian government has implemented many initiatives in order to promote sustainable practices, improve fishery productivity, as well as uplift the livelihoods of fishermen. One essential initiative is the National Fisheries Development Board (NFDB), which was established to facilitate the sustainable development of fisheries as well as aquaculture in the nation. NFDB plays a central role in formulating and implementing policies. Another notable policy is the Pradhan Mantri Matsya Sampada Yojana (PMMSY), which was launched in 2020. This scheme aims to modernize the fisheries market by focusing on infrastructure development, boosting post-harvest management and marketing, and promoting technology adoption.

Fish Market Size in India

The fish market in the country is significant and it is continuing to expand, driven by many factors. India ranks among the world's major producers and consumers of fish, due to its extensive coastline, thriving aquaculture industry, and abundant freshwater resources. The size of this market is continuously growing since it is driven by many factors and there is a rise in demand for fishes in the nation. Due to the rising awareness regarding health benefits linked with seafood, the demand for fish is rising as it is a rich source of protein as well as prominent nutrients.

Market by Fish Type

The inland fishes’ segment in the market has been experiencing key growth. This category includes many freshwater fish species such as carp, catfish, and tilapia. Factors stimulating to the growth include the rising demand for freshwater fish in both domestic as well as international markets, The same will remain dominant in the coming years.

Market by Product Type

On the basis of product type, fresh segment is likely to attain major growth on the back of the consumer preferences for fresh, unprocessed seafood, in coastal regions and urban areas. Frozen segment is also likely to rise in the future due to the convivence it provides. 

Market by Distribution Channel

The retail segment in terms of distribution channel dominated the market in the past years and it is believed that the similar segment will maintain its dominance over the market in the eyars to come.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• 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, 2022
• Forecast of India Fish Market, 2029
• Historical Data and Forecast of India Fish Revenues & Volume for the Period 2019 - 2029
• 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 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Inland Fishes for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Marine Fishes for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Shrimps for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Scampi for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Fresh for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Frozen for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Canned for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Retail for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Institutional for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Sector for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Organised for the Period 2019 - 2029
• Historical Data and Forecast of India Fish Market Revenues & Volume By Unorganised for the Period 2019 - 2029
• 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:

Fish Type

• Inland Fishes
• Marine Fishes
• Shrimps
• Scampi

Product Type

• Fresh
• Frozen
• Canned
• Others

Distribution Channel

• Retail
• Institutional

By Sector

• Organised
• Unorganised