The India molluscs market size reached USD 7.96 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 14.26 Million by 2033, exhibiting a growth rate (CAGR) of 6.20% during 2025-2033. The increasing consumer awareness of their nutritional benefits, expansion of aquaculture practices, rising seafood demand, government initiatives supporting sustainable aquaculture, and technological advancements in farming methods are contributing to the market growth.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 7.96 Million |
Market Forecast in 2033 | USD 14.26 Million |
Market Growth Rate 2025-2033 | 6.20% |
Government Initiatives and Policy Support
The Indian government has introduced several strategic initiatives to strengthen the seafood sector, significantly boosting mollusc production and export potential. A cornerstone of these efforts is the Pradhan Mantri Matsya Sampada Yojana (PMMSY), launched in 2020, which allocates INR 20,050 crore to modernize the fisheries sector by enhancing production, productivity, and exports. To further support the industry, the government has slashed import duties on key seafood feed components—reducing duties on fish lipid oil and algal prime from 15% to zero, and on prawn and shrimp feed from 15% to 5%. These reforms aim to lower production costs and make Indian seafood more competitive in global markets. As a result, marine product output rose from 141.64 lakh tons to 182.70 lakh tons over the same period. Collectively, these policy moves are reinforcing India's position as a major player in the global seafood trade.
Expansion of Export Markets and Targets
India is strategically broadening its seafood export portfolio, targeting premium markets such as the USA and Europe to boost overall trade value. The government has set an ambitious goal to raise seafood exports from USD 8 billion to USD 12 billion within two years, with a strong focus on value-added products and compliance with robust labor and environmental standards. The USA continues to be India’s top seafood export destination, contributing 34.53% of export earnings in USD terms and importing 3,29,192 metric tons (MT) in 2023–24, which represents 18.48% of the total export volume. Other key markets include China, Japan, Vietnam, and Thailand, reflecting a well-diversified export base that reduces overdependence on any single region and strengthens the global footprint of Indian molluscs. Supporting this growth, India's total marine product exports rose from 13.29 lakh tons in 2019–20 to 18.19 lakh tons in 2023–24. This expansion underscores India’s rising prominence in international seafood trade, driven by strategic market targeting and consistent quality standards.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on species, form, and distribution channel.
Species Insights:
The report has provided a detailed breakup and analysis of the market based on the species. This includes crassostrea, ruditapes philippinarum, scallops, and others.
Form Insights:
A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes frozen and canned.
Distribution Channel Insights:
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes hypermarkets and supermarkets, convenience store, online, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Species Covered | Crassostrea, Ruditapes Philippinarum, Scallops, Others |
Forms Covered | Frozen, Canned |
Distribution Channels Covered | Hypermarkets and Supermarkets, Convenience Store, Online, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: