| Product Code: ETC386724 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The haddock market in India was estimated to be worth around US$ 1 .2 million in 2025 and is projected to grow significantly over the forecast period (2025-2031) due to increasing consumer preferences for this type of fish. Factors such as increasing popularity of ready-to-eat meals and growing health consciousness are driving the haddock market in India. In addition, availability of various grades, sizes, species within this category makes it an attractive option for local buyers as well as exporters from other parts of world who import haddocks from India fisheries or aquaculture farms.
The India haddock market has shown promising growth due to several factors. Haddock is a popular fish variety known for its mild flavor and versatility in various culinary preparations. As consumer preferences shift towards healthier food options, the demand for haddock, with its low-fat content and high nutritional value, has increased. Moreover, the ease of processing and freezing haddock has made it readily available to consumers year-round. The rise of the organized retail sector and the presence of specialty seafood stores have further promoted the accessibility of haddock to a broader consumer base. Additionally, the growing trend of incorporating seafood into the regular diet has positively impacted the haddock market.
The haddock market in India faces specific challenges related to market awareness and availability. Haddock is not a native species in India waters, which means it is primarily imported. Limited awareness among consumers about haddock as a fish option may result in low demand. Additionally, fluctuations in import regulations and trade policies can impact the availability of haddock in the market. The absence of local haddock fishing industries also limits its accessibility and drives up the prices. To develop a sustainable haddock market, efforts are needed to promote consumer awareness, ensure a consistent supply chain, and establish collaborations with exporting countries.
The haddock market in India faced numerous challenges as a result of the pandemic. With nationwide lockdowns and restricted movement, demand from both domestic and international markets plummeted. Haddock exporters experienced disruptions in their supply chains, causing delays and increasing operational costs. Additionally, the closure of restaurants and hotels, which are major consumers of haddock, further dampened the market. Despite these obstacles, some businesses managed to adapt by focusing on local sales and exploring alternative distribution channels.
While haddock is not a native species to India, it may be imported and distributed by seafood companies involved in the global trade. Key players in the imported seafood segment include those engaged in the broader frozen seafood market.
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