India Salmon Market (2025-2031) Outlook | Forecast, Growth, Companies, Size, Industry, Share, Value, Revenue, Trends & Analysis

Market Forecast By Type (Chinook Salmon, Coho Salmon, Pink Salmon, Red Salmon, Salmo Salar, Silverbrite Salmon), By End Product Type (Fresh, Frozen, Canned, Others), By Distribution Channel (Retail Stores, Hypermarket/supermarket, Online Sales Channels) And Competitive Landscape
Product Code: ETC387624 Publication Date: Aug 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Salmon Market Import Shipment Trend (2020-2024)

The India salmon market import shipment demonstrated a robust growth trend with a CAGR of 20.6% from 2020 to 2024. In the most recent period between 2023 and 2024, the growth rate remained strong at 17.8%, indicating sustained expansion and positive momentum in the market.

Graph Showing India salmon market Shipment Trend & Volume from 2020-2024

India Salmon Market Synopsis

Salmon farming is still relatively new to India but has seen rapid growth over the last decade as consumer demand increases both domestically and abroad; salmon export volumes have increased threefold between 2011-12 and 2017-18 reaching 9400 MTs valued at Rs 225 crores in 2017-18 making it one of the fastest growing commodities within India aquaculture trade arena. Nearly 44%of these exports went to South East Asia with Vietnam being the biggest importer while Gulf countries account for another 34%. However despite this growth figures remain small compared to international standards like Norway which exported 1500000MTs valued at 15 billion euros during 2018 alone.

Market Drivers of the market

The India salmon market has seen significant growth in recent years, primarily driven by the changing dietary preferences and an increasing awareness of the health benefits of salmon consumption. The high nutritional value of salmon, rich in omega-3 fatty acids and protein, has made it a popular choice among health-conscious consumers. The expansion of modern retail channels and an increase in the import of salmon products have further propelled market growth.

Challenges of the Market

The salmon market in India encounters several obstacles, primarily related to the absence of local production and high import costs. Salmon is not native to India waters, leading to heavy reliance on imports, which can be expensive and subject to market fluctuations. Additionally, consumer preferences and culinary habits may not be well-aligned with salmon consumption, further limiting demand. Developing cost-effective sourcing strategies and raising awareness about the nutritional benefits of salmon are essential to foster market growth.

Covid-19 Impact on the Market

The salmon market in India has been witnessing a surge in demand, fueled by increasing health consciousness and a growing preference for premium seafood options. The Covid-19 pandemic initially disrupted salmon imports, leading to fluctuations in supply and prices. However, as trade resumes and consumer confidence returns, the market is expected to recover, given the rising interest in salmon as a healthy and versatile protein source.

Key Players of the Market

The India salmon market has expanded with the growing appreciation for its nutritional value and taste. Key players like Pescafresh and Zorabian contribute to the availability of salmon products and the development of this market segment.

Key Highlights of the Report:

  • India Salmon Market Outlook
  • Market Size of India Salmon Market, 2024
  • Forecast of India Salmon Market, 2031
  • Historical Data and Forecast of India Salmon Revenues & Volume for the Period 2021-2031
  • India Salmon Market Trend Evolution
  • India Salmon Market Drivers and Challenges
  • India Salmon Price Trends
  • India Salmon Porter's Five Forces
  • India Salmon Industry Life Cycle
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Chinook Salmon for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Coho Salmon for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Pink Salmon for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Red Salmon for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Salmo Salar for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Silverbrite Salmon for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By End Product Type for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Fresh for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Frozen for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Canned for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Distribution Channel for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Retail Stores for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Hypermarket/supermarket for the Period 2021-2031
  • Historical Data and Forecast of India Salmon Market Revenues & Volume By Online Sales Channels for the Period 2021-2031
  • India Salmon Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By End Product Type
  • Market Opportunity Assessment By Distribution Channel
  • India Salmon Top Companies Market Share
  • India Salmon Competitive Benchmarking By Technical and Operational Parameters
  • India Salmon Company Profiles
  • India Salmon Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Salmon Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Salmon Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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