India Seafood Market

Market Overview:

India seafood market size is projected to exhibit a growth rate (CAGR) of 7.90% during ​2024-2032​. The government's focus on sustainable fishing practices and aquaculture projects for ensuring environmental responsibility is primarily augmenting the market growth.

Seafood pertains to edible aquatic animals featured in a diverse array of culinary dishes. This category encompasses a wide variety of fishes, including anchovy, bass, pomfrets, bluefish, carp, cod, flounder, haddock, halibut, herring, mahi-mahi, salmon, sardines, trout, and tuna. Additionally, it includes various shellfish and crustaceans, such as crabs, crayfishes, lobsters, prawns, shrimps, abalone, clams, conch, mussels, octopuses, oysters, scallops, and calamari. Caviar, derived from the roe or unfertilized eggs of the sturgeon fish family, is also part of the seafood category. Renowned for its rich nutritional profile, seafood serves as an abundant source of essential nutrients such as iron, zinc, iodine, magnesium, and potassium. The consumption of seafood is linked to improved brain health and a decreased risk of neurodegenerative disorders.

India Seafood Market Trends:

The India seafood market is experiencing substantial growth, driven by a combination of cultural preferences, economic factors, and increasing awareness of the health benefits associated with seafood consumption. Additionally, the escalating demand for seafood in India is deeply rooted in its rich cultural and coastal heritage. Coastal regions, especially in states like Kerala, West Bengal, and Goa, have a long-standing tradition of incorporating a variety of seafood into their local cuisines. Fish, in particular, is a staple in many Indian households and is often considered a healthy and protein-rich dietary choice. Moreover, as economic prosperity grows in India, there is an observed shift in dietary preferences towards higher protein consumption, and seafood fits well into this trend. The market is witnessing an increased appetite for both domestic and imported seafood products, reflecting changing consumer lifestyles and preferences. Besides this, as awareness of these nutritional benefits spreads, consumers are choosing seafood as a part of their diet to promote heart health, bone growth, and overall well-being. Furthermore, government initiatives to promote aquaculture and fisheries also contribute to the expansion of the seafood market in India. As consumer preferences evolve and awareness continues to rise, the seafood market is poised to grow over the forecasted period.

India Seafood Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on type, form, and distribution channel.

Type Insights:

• Fish
• Shrimps
• Others
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes fish, shrimps, and others.

Form Insights:

• Fresh/Chilled
• Frozen/Canned
• Processed
   

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes fresh/chilled, frozen/canned, and processed.

Distribution Channel Insights:

• Off Trade
• On Trade
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes off trade and on trade.

Regional Insights:

• North India
• West and Central India
• South India
• East India
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. 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. Some of the key players include:

• Apex Frozen Foods Ltd.
• Avanti Feeds Ltd.
• Coastal Corporation Limited
• Geo Seafood
• JMJ Seafoods Pvt Ltd
• Nekkanti Sea Foods
• Silver Sea Food
• Zeal Aqua
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

India Seafood Market Report Coverage:

Key Questions Answered in This Report:

• How has the India seafood market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the India seafood market?
• What is the breakup of the India seafood market on the basis of type?
• What is the breakup of the India seafood market on the basis of form?
• What is the breakup of the India seafood market on the basis of distribution channel?
• What are the various stages in the value chain of the India seafood market? 
• What are the key driving factors and challenges in the India seafood?
• What is the structure of the India seafood market and who are the key players?
• What is the degree of competition in the India seafood market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India seafood market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India seafood market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India seafood industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.