| Product Code: ETC387444 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India oyster farming market import shipment exhibited robust growth with a high CAGR from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024. Overall, the market expanded significantly but showed signs of slowing down towards the end of the period.
The oyster farming market in India is projected to grow at a considerable rate during 2025-2031 owing to factors such as rise in demand for seafood consumption across urban regions along with increased focus on coastal aquaculture production by farmers engaged mainly into inland agriculture activities which has led them toward looking out for alternate livelihood options provided by marine fisheries sector. Furthermore technological advancements have helped reduce mortality rates resulting into improved economic sustainability amongst fishery stakeholders thus providing impetus toward uptake of oyster cultivation practices boosting overall industry outlook .
Oyster farming has gained popularity in India as a lucrative aquaculture activity. The increasing consumption of oysters in the country and the export potential have encouraged the development of oyster farming. Technological advancements in oyster hatcheries, along with government support and incentives for aquaculture, have further fostered the growth of the oyster farming market.
The oyster farming market in India faces numerous obstacles, primarily related to environmental factors and resource management. Oysters are sensitive to changes in water quality and require specific conditions for successful cultivation. Pollution, habitat degradation, and climate change can negatively affect oyster populations, leading to inconsistent harvests. Adequate research, sustainable farming practices, and measures to mitigate environmental impacts are crucial for the stability and growth of the oyster farming market.
Oyster farming has been gaining traction in India due to the high demand for oyster-based products. The Covid-19 pandemic had mixed effects on the oyster farming market. While exports were hindered, there was a surge in domestic consumption as people turned to seafood for its reputed health benefits. As India aquaculture sector continues to grow, oyster farming is expected to play an essential role in meeting the nation`s seafood demands.
Oyster farming has become an important aquaculture activity in India. Companies like Kadmat Eco-Diver and Aquaculture Private Limited and Sea6 Energy are actively engaged in oyster farming, promoting sustainable aquaculture practices.