The new report by Expert Market Research titled, ‘India Fish Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the India fish market, assessing the market based on its segments like fish types, product types, distribution channels, sectors, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Value (2022): INR 1504.3 Billion
- Forecast CAGR (2023-2028): 12.7%
- Forecast Market Value (2028): INR 2738.76 Billion
The big export potential of the fish industry in India is driving the market growth. Around 6% of the global demand is produced in this market. Currently, the country is one of the biggest fish suppliers globally. In recent years, India has seen a significant increase in both domestic consumption and fish exports, bolstering the India fish market. In addition, per capita fish intake has risen in recent years. A variety of factors are currently driving the product’s consumption in India. Lifestyle improvements, increasing meat prices, and increased understanding of fish as a nutritious food with high levels of digestible protein, cholesterol-lowering capacity, and other nutrients.
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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 high in omega-3 fatty acids and vitamins like D and B2 (riboflavin).
The India fish market is segmented based on fish type into:
- Inland Fishes
- Indian Major Carps
- Exotic Carps
- Marine Fishes
By product type, the market is divided into:
Based on distribution channel, the market is segmented into:
By sector, the market is bifurcated into:
The major regional markets of fish in India are:
- West Bengal
- Andhra Pradesh
- Tamil Nadu
The rising per capita consumption of fish in India has fuelled the demand over the last few years. Consumption of fish is predicted to rise over the projected period, owing to rising disposable incomes and changing eating patterns. The demand is also helped by the growth of the organised 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 because of the rising understanding of its health benefits, the demand for fish, a nutritious food with high levels of digestible protein, cholesterol-lowering capacity, and PUFA, is expected to rise rapidly.
Key Market Players
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of the market players.
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