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

India Shellfish Market Synopsis

The India seafood market is estimated to be worth US$7.2 billion and is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.4%. India primarily produces marine finfish, which accounts for about two-thirds of the total seafood production; shellfish species contribute around 12% to the overall production. In terms of volume, shellfish accounted for over 570 thousand metric tons (MTs).

Market Drivers of the market

The India Shellfish market has been witnessing substantial growth, driven by various factors. Shellfish, including shrimp, crab, and lobster, are popular seafood choices in India, and the increasing seafood consumption has fueled the demand for shellfish. The country`s vast coastline and rich marine resources provide a favorable environment for shellfish farming and capture fisheries, facilitating a steady supply to meet the growing demand. Additionally, the rising popularity of India seafood in international markets has further boosted the shellfish industry. Improved cold chain infrastructure, better processing techniques, and stringent quality control measures have also contributed to the market`s expansion.

Challenges of the Market

The shellfish market in India faces numerous challenges due to environmental factors and regulatory issues. One of the main challenges is overfishing, leading to declining shellfish populations. Unsustainable fishing practices and the lack of effective management measures can lead to the depletion of shellfish resources and ecological imbalances.Issues related to water pollution and coastal habitat degradation also pose challenges to the shellfish industry. Contaminants in coastal waters can accumulate in shellfish, making them unsafe for consumption and damaging the reputation of the industry.Additionally, the shellfish market might encounter resistance from certain cultural and dietary preferences, as some regions in India do not traditionally consume shellfish. This limited demand can restrict market growth and market penetration.

Covid-19 Impact on the Market

The India shellfish market faced substantial challenges during the COVID-19 pandemic. The closure of restaurants and seafood export restrictions caused a severe decline in demand and disrupted the supply chain. As a result, fishermen and seafood businesses faced economic hardships. However, with the resumption of economic activities and the implementation of safety measures, the market gradually started to recover.

Key Players of the Market

The India shellfish market consists of companies engaged in fishing, aquaculture, and seafood processing. Key players in this market include Devi Fisheries, Pescafresh, IFB Agro Industries, and WestCoast Group.

Key Highlights of the Report:

• India Shellfish Market Outlook
• Market Size of India Shellfish Market, 2024
• Forecast of India Shellfish Market, 2031
• Historical Data and Forecast of India Shellfish Revenues & Volume for the Period 2021-2031
• India Shellfish Market Trend Evolution
• India Shellfish Market Drivers and Challenges
• India Shellfish Price Trends
• India Shellfish Porter's Five Forces
• India Shellfish Industry Life Cycle
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Crabs for the Period 2021-2031
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Prawns for the Period 2021-2031
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Shrimps for the Period 2021-2031
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Oysters for the Period 2021-2031
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Other for the Period 2021-2031
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Restaurant for the Period 2021-2031
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Supermarket for the Period 2021-2031
• Historical Data and Forecast of India Shellfish Market Revenues & Volume By Others for the Period 2021-2031
• India Shellfish Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• India Shellfish Top Companies Market Share
• India Shellfish Competitive Benchmarking By Technical and Operational Parameters
• India Shellfish Company Profiles
• India Shellfish Key Strategic Recommendations