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

Name: India Squid Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Squid Market, India Squid Market, India Squid Market Revenues, India Squid Market Share, India Squid Market Size, India Squid Market Outlook, India Squid Market Report, India Squid Market Competition, India Squid Market Overview, India Squid Market Trends, India Squid Market Forecast

Market Forecast By Products (Fresh, Frozen, Prepared) And Competitive Landscape

Product Code: ETC387924	Publication Date: Aug 2022	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

India Squid Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s squid import market in 2024 saw significant contributions from top exporting countries such as Spain, Japan, UK, and USA. Despite the high concentration with a very high Herfindahl-Hirschman Index (HHI), the market experienced a notable decline with a Compound Annual Growth Rate (CAGR) of -16.12% from 2020 to 2024. The growth rate in 2024 alone plummeted by -62.11%, indicating a challenging year for the industry. This data suggests the need for a closer examination of market dynamics and potential strategies to navigate the changing landscape.

India Squid Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Squid Market Synopsis

The India squid market was valued at around US$ 6 million in 2025 and is likely to witness considerable growth over the forecast period (2025?2031) owing to its increasing popularity as an ingredient used in various recipes such as sushi rolls, fried calamari rings, boiled or grilled squid dishes, etc., along with its rich nutrient profile consisting proteins & omega 3 fatty acids. Moreover; it finds application across numerous industries such as seafood restaurants & hotels/motels which will drive its consumption further leading to higher revenue generation by 2031 end.

Market Drivers of the market

The India Squid market has been expanding rapidly due to several factors. Squid is a versatile seafood product with various culinary applications, making it popular among India consumers. The ease of availability and relatively affordable pricing compared to other seafood options have further bolstered its demand. Additionally, the growth of the frozen food industry and the increasing presence of organized retail chains have provided greater accessibility to squid products, supporting market growth.

Challenges of the Market

The squid market in India is experiencing considerable demand, both domestically and internationally. However, the market confronts several challenges. Sustainable fishing practices are becoming critical due to concerns about overfishing and potential ecosystem impacts. Ensuring the quality and freshness of squid during transportation and storage can be challenging, affecting marketability. Additionally, navigating complex international trade regulations and tariffs poses challenges for India squid exporters.

Covid-19 Impact on the Market

The India squid market has experienced considerable growth in recent years, primarily due to the rising demand for squid in domestic and international markets. Squid`s culinary versatility, high protein content, and health benefits have made it a popular choice among consumers. However, the outbreak of Covid-19 posed challenges to the market. The closure of restaurants and limited outdoor activities resulted in reduced squid consumption. Additionally, the export-oriented nature of the squid market suffered due to disruptions in global trade during the pandemic. Despite these setbacks, the market`s recovery was fueled by the resumption of economic activities and the adoption of online platforms for seafood sales. As squid consumption regained momentum, the market witnessed a gradual uptick in demand.

Key Players of the Market

In the India squid market, key players are Squid Master India, Calamari Delights, and Supreme Squid Exports. These companies are engaged in fishing, processing, and exporting squid products, including squid rings, tentacles, and whole squid. Furthermore, seafood wholesalers like Oceanic Trading Co. and Marine Delicacies act as intermediaries, ensuring the smooth supply of squid to local markets and international buyers.

Key Highlights of the Report:

India Squid Market Outlook
Market Size of India Squid Market, 2024
Forecast of India Squid Market, 2031
Historical Data and Forecast of India Squid Revenues & Volume for the Period 2021-2031
India Squid Market Trend Evolution
India Squid Market Drivers and Challenges
India Squid Price Trends
India Squid Porter's Five Forces
India Squid Industry Life Cycle
Historical Data and Forecast of India Squid Market Revenues & Volume By Products for the Period 2021-2031
Historical Data and Forecast of India Squid Market Revenues & Volume By Fresh for the Period 2021-2031
Historical Data and Forecast of India Squid Market Revenues & Volume By Frozen for the Period 2021-2031
Historical Data and Forecast of India Squid Market Revenues & Volume By Prepared for the Period 2021-2031
India Squid Import Export Trade Statistics
Market Opportunity Assessment By Products
India Squid Top Companies Market Share
India Squid Competitive Benchmarking By Technical and Operational Parameters
India Squid Company Profiles
India Squid Key Strategic Recommendations

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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