Indian fish market projections, price analysis and


Indian fish market

The latest IMARC report titled “Indian Fish Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” indicates that the Indian fish market size has reached 17.4 million tons of by 2021. Fish refers to a cold-blooded aquatic animal used for domestic consumption as well as export purposes in India. India, with a share of around 6%, is a major contributor to world fish production. The Indian fish industry plays a vital role owing to the increase in per capita fish consumption, which can be more attributed to the changing lifestyle and soaring cost of meat. It also helps provide jobs, livelihoods and food security across the country. In recent years, fish consumption has gained momentum in India owing to the growing awareness among individuals of fish as a healthy food with a high amount of digestible protein, PUFA and ability to reduce cholesterol. . Looking ahead, IMARC Group expects the market to reach a volume of 29 million tons by 2027, expanding at a CAGR of 8.9% during the forecast period (2022-2027 ).

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Indian fish market trends:

One of the major factors driving the market is the numerous health benefits it offers. For example, eating fish helps reduce the risk of chronic disease and balances hormone levels. Additionally, increasing demand and consumption of canned and frozen fish and fish products due to significant growth in organized food retailing is creating a positive market outlook. Apart from this, the increasing number of people following pescetarianism and consuming vegetarian food and seafood is positively influencing the growth of the market. In addition to this, due to the possession of pesticides and harmful chemicals in meat and meat products, there is a noticeable shift of consumers from these food products to seafood, which also propels the growth of the market. Apart from this, the improvement in the economic situation of the country, along with the inflation of income levels, is accelerating the adoption rate of the products across the country. Additionally, the emphasis by restaurants and seafood service providers on sustainable seafood options, including catfish and tilapia, is creating lucrative growth opportunities for key players operating in industry.

Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/indian-fish-market

Key Market Segmentation:

Breakdown by type of fish:

• Inland fish
o Indian major carp
o Pangasius
o Exotic carp
o Clarias
o Anabas
oRupchanda
o Tilapia
o Bar
o Others

• Marine fish
• Shrimp

Breakdown by product type:

• Costs
• Frozen
• Canned
• Others

Breakdown by distribution channel:

• Detail
• Institutional

Breakdown by sector:

• Organized
• Unorganized

Breakdown by States:

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

Competitive Landscape:

The competitive landscape of the market has also been examined in the report and profiles of key players have also been provided.

Main highlights of the report:

• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

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This press release was published on openPR.

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