Indian Fish Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Indian Fish Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1039
Buy Now

Indian Fish Market Overview:

The Indian fish market size reached 19.0 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 31.7 Million Tons by 2028 exhibiting a growth rate (CAGR) of 8.81% during 2023-2028. The growing awareness among individuals regarding the health benefits offered by consuming fish, changing dietary patterns of consumers from vegetarianism to non-vegetarianism, and various initiatives undertaken by the government of India to encourage the development of fish industry represents some of the key factors driving the market.

Fishes are aquatic animals consumed domestically in India. They are rich in nutrition, consisting of vitamins, minerals, and omega-3 fatty acids, which are an essential part of a healthy diet. Some commonly available fishes in India include rohu, surmai, Katla, mahseer, pulasa, hilsa, paplet, and rawas. They are used in a variety of dishes, such as curries, fries, and soups. Fish curries are a popular dish in many parts of the country and are typically cooked with a mix of spices and herbs, making them both tasty and healthy. They contain essential vitamins and minerals like vitamin D, calcium, and phosphorus, which are vital for maintaining healthy bones. In addition, omega-3 fatty acids found in fish are linked to numerous health benefits, such as reducing the risk of heart disease, improving brain function, and minimizing inflammation. They are also an excellent source of protein, which is essential for muscle growth and repair. Moreover, they help control blood pressure, prevent heart attacks or failure, aid in managing weight, support the mental development of young children and enhance cognitive functions among individuals. At present, fishes are easily available in retail and institutional distribution channels in India and are widely consumed by individuals across the country. 




Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Indian Fish Market Trends:

The market is primarily driven by the numerous health benefits associated with the consumption of fish. Fishes are rich in anti-inflammatory properties, which help with arthritis, improve hair and skin health, reduce the risk of chronic ailments, and balance hormone levels. In addition, the increasing demand and consumption of canned and frozen fish products due to the significant growth of organized food retail are contributing to the market growth. Moreover, various initiatives undertaken by the Government of India, such as Pradhan Mantri Matsya Sampada Yojana (PMMSY), aim to improve fish production and increase export earnings while focusing on the development of sustainable fisheries sector in the country, represent another major growth-inducing factor. Besides this, the improving economic condition of the nation and the rising disposable incomes are accelerating the product adoption rate. Along with this, the widespread product adoption by restaurants, is also offering lucrative growth opportunities for key players in the industry. The market is further propelled by the growing number of individuals following a pescetarian diet and consuming vegetarian food and seafood. Furthermore, harmful pesticides and chemicals in meat and meat products are encouraging consumers to shift toward seafood, thus creating a positive market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian fish market report, along with forecasts at the country and state level from 2023-2028. Our report has categorized the market based on fish type, product type, distribution channel and sector.

Fish Type Insights:

  • Inland Fishes
    • Indian Major Carps
    • Pangasius
    • Exotic Carps
    • Clarias
    • Anabas
    • Rupchanda
    • Tilapia
    • Seabass
    • Others
  • Marine Fishes
  • Shrimps
  • Scampi

The report has provided a detailed breakup and analysis of the fish market based on the fish type. This includes Inland Fishes (Indian Major Carps, Pangasius, Exotic Carps, Clarias, Anabas, Rupchanda, Tilapia, Seabass, and Others), Marine Fishes, Shrimps, and Scampi. According to the report, inland fishes represented the largest segment.

Product Insights:

  • Fresh
  • Frozen
  • Canned
  • Others

A detailed breakup and analysis of the fish market based on the product has also been provided in the report. This includes fresh, frozen, canned, and others. According to the report, fresh accounted for the largest market share.

Distributional Channel Insights:

  • Retail 
  • Institutional 

A detailed breakup and analysis of the fish market based on the product has also been provided in the report. This includes retail and institutional. 

Sector Insights:

  • Organised
  • Unorganised

A detailed breakup and analysis of the fish market based on the product has also been provided in the report. This includes organised and unorganised. 

State Insights:

  • West Bengal
  • Andhra Pradesh
  • Karnataka
  • Kerala
  • Gujarat
  • Tamil Nadu
  • Maharashtra
  • Others

The report has also provided a comprehensive analysis of all the major regional markets, which include West Bengal, Andhra Pradesh, Karnataka, Kerala, Gujarat, Tamil Nadu, Maharashtra, and others.  According to the report, West Bengal was the largest market for fish. Some of the factors driving the West Bengal fish market included growing awareness regarding the associated health benefits of fish, easy availability of fish products, and increasing expenditure capacities of individuals.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the Indian fish market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Abad Fisheries Private Limited, Golden Prize India, Kirti Foods, Munnujii Foods International Pvt. Ltd, Oceans Secret, Seasaga Group, Silver Sea Food, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units INR Billion, Million Tons
Segment Coverage Fish Type, Product Type, Distribution Channel, Sector, State
States Covered  West Bengal, Andhra Pradesh, Karnataka, Kerala, Gujarat, Tamil Nadu, Maharashtra, Others
Companies Covered Abad Fisheries Private Limited, Golden Prize India, Kirti Foods, Munnujii Foods International Pvt. Ltd, Oceans Secret, Seasaga Group and Silver Sea Food
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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 Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the fish market from 2017-2028.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the Indian fish market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key state-level markets.
  • 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 fish 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.

Key Questions Answered in This Report

The Indian fish market reached a volume of 19.0 Million Tons in 2022. 

We expect the Indian fish market to grow at a CAGR of 8.81% during 2023-2028.

Rising flexitarian population, the expanding food retail sector, and growing awareness pertaining to numerous health benefits associated with fishes, represent some of the factors catalyzing the Indian fish market. 

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in temporary restriction on aquaculture activities and disrupted supply chains pertaining to seafood products, thereby hampering the overall market growth.


Based on the fish type, the Indian fish market can be segmented into inland fishes, marine fishes, shrimps, and scampi. Among these, inland fishes hold the majority of the total market share.

Based on the product type, the Indian fish market has been segregated into fresh, frozen, canned and others. Currently, fresh fish represents the largest segment.

Based on the sector, the Indian fish market can be categorized into organised sector and unorganised sector.

Based on the distribution channel, the Indian fish market can be divided into retail and institutional sales.

On a regional level, the market has been classified into Andhra Pradesh, West Bengal, Karnataka, Kerala, Tamil Nadu, Gujarat, Maharashtra, and others, where West Bengal currently dominates the Indian fish market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Indian Fish Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Select License Type

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More