Indian fish market to be driven by growing export potential over forecast period 2021-2026 – Bloomingprairieonline

Expert Market Research’s new report titled “Indian Fish Market Report and Forecast 2021-2026‘, gives an in-depth analysis of the Indian fish market, assessing the market based on its segments such as fish types, product types, distribution channels, sectors and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Value (2020): INR 1232 Billion
  • Forecast CAGR (2021-2026): 5%
  • Forecast Market Value (2026): INR 2243 Billion

The great export potential of the fish industry in India is driving the growth of the market. Around 6% of global demand is produced in this market. Currently, the country is one of the largest suppliers of fish in the world. In recent years, India has witnessed a significant increase in domestic consumption and export of fish, which has boosted the Indian fish market. In addition, per capita fish consumption has increased in recent years. Various factors are currently driving the consumption of the product in India. Lifestyle improvements, increased meat prices and a better understanding of fish as a nutritious food with high levels of digestible protein, ability to lower cholesterol and other nutrients.

Industry definition and major segments

A fish is a cold-blooded, limbless vertebrate with gills and fins. It contains calcium and phosphorus, as well as minerals such as copper, iodine, magnesium, zinc and potassium. It is a high quality protein that is low in fat and rich in omega-3 fatty acids and vitamins like D and B2 (riboflavin).

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The Indian fish market is segmented on the basis of fish type into:

  • Inland fish
    • Indian major carp
    • Pangasius
    • exotic carp
    • Clarias
    • Anabas
    • rupchanda
    • Tilapia
    • Sea bass
    • Others
  • marine fish
  • Shrimp
  • Langoustines

By Product Type, the market is split into:

  • Costs
  • Frozen
  • Canned
  • Others

On the basis of distribution channel, the market is segmented into:

By sector, the market is split into:

The main regional fish markets in India are:

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

Market trends

The increasing per capita consumption of fish in India has fueled demand in recent years. Fish consumption is expected to increase over the projected period, due to increasing disposable incomes and changing dietary habits. Demand is also aided by the growth of the organized food retail industry, which will make processed fish, especially canned and frozen fish products, more accessible to customers. In India, the health and fitness food industry is booming, and due to the growing understanding of its health benefits, the demand for fish, a nutritious food with high levels of digestible protein, cholesterol and PUFA lowering capacity should increase rapidly.

Main market players

The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments from market players.

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