| Product Code: ETC386484 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s freshwater fish import market in 2024 continued to see a significant influx of shipments from top exporting countries including Indonesia, Thailand, Japan, Malaysia, and Taiwan. The market displayed a high level of concentration with a Herfindahl-Hirschman Index (HHI) remaining very high throughout the year. The compound annual growth rate (CAGR) from 2020 to 2024 stood impressively at 65.58%, indicating robust expansion. Furthermore, the growth rate from 2023 to 2024 was notable at 62.89%, showcasing a continued upward trajectory in freshwater fish imports for India.

The India freshwater fish market is valued at around USD 2.8 billion and is expected to register a CAGR of 4.3% during the forecast period (2025-2031). The large demand for high-quality domestic fish in India, rising number of aquaculture farms, and improved availability of refrigerated transport facilities are some of the major drivers for this growth. Additionally, initiatives taken by seafood companies as well as governments have resulted in increased awareness regarding sustainable fishing practices which has positively impacted the industry.
The India freshwater fish market has experienced significant growth in recent years due to various driving factors. The country`s growing population and increasing demand for protein-rich foods have boosted the consumption of freshwater fish. Additionally, the rising awareness of the health benefits associated with fish consumption has further fueled the market`s expansion. Improved cold chain infrastructure and transportation facilities have made it easier to distribute freshwater fish across the country, even to remote areas. As a result, more consumers have gained access to these products, contributing to market growth. Furthermore, government initiatives and support for the aquaculture sector have played a crucial role in promoting freshwater fish farming and enhancing the supply chain.
The freshwater fish market in India faces several challenges. One of the primary issues is the degradation of freshwater sources due to pollution and overexploitation. This leads to a decline in fish stocks and impacts the overall supply chain. Additionally, outdated and unregulated fishing practices often result in unsustainable harvesting, affecting the long-term viability of fish populations. The lack of proper infrastructure and cold chain facilities poses challenges for preserving the freshness of fish during transportation and storage. Moreover, the sector struggles with inadequate market linkages and marketing support, hindering the reach of freshwater fish to a broader consumer base. Addressing these challenges requires sustainable fishing practices, investments in infrastructure, and improved market access for fishermen and traders.
The India freshwater fish market has been a significant contributor to the country`s economy and food industry. With a diverse range of freshwater bodies, India has a rich variety of fish species that are consumed locally and exported internationally. However, the market faced challenges during the Covid-19 pandemic, as lockdowns and restrictions impacted transportation and supply chains. Despite these challenges, the demand for freshwater fish remained relatively stable due to the essential nature of food products.
The India freshwater fish market is supported by a range of players, including both traditional fishermen and modern aquaculture farms. Some key players in this market include WestCoast Group, Devi Seafoods, Avanti Feeds, Apex Frozen Foods, and Nekkanti Sea Foods.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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