| Product Code: ETC387024 | 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 |
India Mackerel market currently, in 2023, has witnessed an HHI of 8416, Which has decreased moderately as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Mackerel is one of the most popular fish species consumed in India and accounts for 16 percent of all marine fisheries production (by volume) according to 6Wresearch (2025). The India mackerel market size was estimated at INR 439 crore by technopak analytics in 2017/18 which represents 21% CAGR growth from 2013/14 when it stood at INR 265 crore. The demand for mackerel increased significantly over time due to its nutritional value as well as increasing preference towards health foods such as fish among consumers across different income groups who have become more conscious about their dietary habits due to rising healthcare costs associated with lifestyle diseases like diabetes etc., coupled with rising disposable incomes available at their disposal leading them to spend on quality produce thereby driving up demand for higher priced products such as seafoods including mackerels etc., thus contributing towards increasing revenues generated by this segment year on year since 2013/14 onwards despite significant volatility witnessed during certain years owing mostly due external factors like prices fluctuations etc.
The India mackerel market has witnessed substantial growth due to multiple driving factors. Mackerel is a popular fish variety known for its distinctive flavor and high nutritional value. The growing awareness of the health benefits of mackerel consumption, which is rich in omega-3 fatty acids, has increased its demand among health-conscious consumers. Mackerel`s affordability compared to other seafood options has also made it a preferred choice for a wide range of consumers. The growth of the organized retail sector and the increasing availability of frozen mackerel have further contributed to market expansion. Moreover, the ease of processing mackerel into various value-added products has attracted more consumers.
The mackerel market in India confronts various challenges impacting its growth and stability. Mackerel being a widely consumed fish, faces potential threats of overfishing, leading to sustainability issues. The lack of effective fisheries management and regulations can further exacerbate the problem. Additionally, preserving the quality and freshness of mackerel during transportation and storage is crucial, requiring investments in cold chain infrastructure. Fluctuations in mackerel availability due to seasonal fishing and changing oceanic conditions can also impact market dynamics and prices. To foster a sustainable mackerel market, there is a need for responsible fishing practices, improved storage facilities, and better management of fish stocks.
Mackerel is a popular fish variety in India, consumed widely across the country. The mackerel market has been growing steadily due to its affordability and nutritional value. During the Covid-19 pandemic, the demand for mackerel initially saw a surge as consumers preferred to stock up on non-perishable food items. However, the market faced challenges with transportation and logistics during the lockdowns, impacting both the supply and demand sides. Despite these challenges, the mackerel market demonstrated resilience, with a gradual recovery as restrictions eased.
The India mackerel market involves companies engaged in mackerel processing and export. Key players include Venus Group, Sandhya Marines, RR Group, S. Shenoy, and A R Enterprises.