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The Indian fish market is expected to reach a volume of 26.6 Million Metric Tons by 2026, exhibiting a CAGR of around 9% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Accounting for nearly 6% of the global fish production, India today represents one of the largest producers of fish in the world. Both, domestic consumption as well as export of fishes have witnessed a strong growth in India over the last few years. The per capita consumption of fish has also shown a continuous growth over the last several years. A number of factors are currently driving the consumption of fish in India. These include life style changes, increasing cost of meat and the perception of fish as a healthy food with high levels of digestible protein, PUFA and cholesterol lowering capability.
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Indian Fish Market: Drivers
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India fish market, along with forecasts at the country and state level from 2021-2026. Our report has categorized the market based on fish type, product type, distribution channel and sector.
Breakup by Fish Type:
Based on the fish type, the market has been segmented as inland fishes, marine fishes, shrimps and scampi. Currently, inland fishes dominate the market, holding the largest share.
Breakup by Product Type:
Based on the product type, the market has been segmented as fresh, frozen, canned and others.
Breakup by Distribution Channel:
On the basis of distribution channel, the market has been segmented as retail and institutional sales.
Breakup by Sector:
On the basis of sector, the market has been segmented as organized and unorganized sectors.
Breakup by States:
The market has also been segmented on the basis of various states.
The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.
This report provides a deep insight into the Indian fish market covering all its essential aspects. This ranges from the macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian fish market in any manner.
|Base Year of the Analysis||2020|
|Units||INR Billion, 000’ Metric Tons|
|Segment Coverage||Fish Type, Product Type, Distribution Channel, Sector, State|
|States Covered||West Bengal, Andhra Pradesh, Karnataka, Kerala, Gujarat, Tamil Nadu, Maharashtra, Others|
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The Indian fish market reached a volume of 15.9 Million Tons in 2020.
We expect the Indian fish market to grow at a CAGR of 9.0% during 2021-2026.
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 end user, the Indian fish market can be categorized into retail sector and institutional sector, where the retail sector currently exhibits a clear dominance in the market.
Based on the distribution channel, the Indian fish market can be divided into organized sector and unorganized sector. Currently, the unorganized sector represents the largest segment.
On a regional level, the market has been classified into Andhra Pradesh, West Bengal, Karnataka, Uttar Pradesh, Kerala, Tamil Nadu, Gujarat, Maharashtra, and others, where Andhra Pradesh currently dominates the Indian fish market.
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