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India Fish Industry Report: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Trade Data Analysis; Industry Events and Developments; Price Analysis; Competitive Landscape, 2022-2027

Fish Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices
 

The India Fish market reached a value of about 15618.45 KMT in 2021. The industry is projected to grow at a CAGR of around 10% in the forecast period of 2022-2027 to reach a value of about 26713.97 KMT by 2027.

The India Fish industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rise in fish consumption in the region owing to the product's health benefits is driving the industry growth. Lakshadweep is the highest category spender by region, driving the demand for the Fish industry.

Industry Definition and Segmentation

A fish is any of several cold-blooded aquatic creatures with gills, usually fins, and a scale-covered elongated body. It contains calcium, phosphorus, and minerals such as iron, iodine, magnesium, zinc, and potassium. It's a high-quality protein low in fat and high in omega-3 fatty acids and vitamins like D and B2 (riboflavin). The Fish industry report comprises segments by Fish Type (Inland Fishes, Marine Fishes, Shrimps, and Scampi), Product Type (Fresh, Frozen, Canned, and Others), Distribution Channel (Retail, and Institutional), Sector (Organised, and Unorganised), States (West Bengal, Andhra Pradesh, Karnataka, Kerala, Gujarat, Tamil Nadu, Maharashtra, and Others).

Lakshadweep Region is Driving the Growth of the Industry

Lakshadweep holds the country's largest share as its consumption is approximately 16 times higher than the national average, with Goa coming in second. Kerala and West Bengal follow at third and fourth, respectively.

The market has been aided by the increased per capita fish consumption in India during the last several years. Furthermore, In India, the health and wellness food business is booming. Because of advanced knowledge of fish as a nutritious diet of its health advantages, fish, healthy food with high quantities of digestible protein, cholesterol-lowering capabilities, and PUFA is projected to expand rapidly. It is also an alternative for reducing hunger and nutrient deficit because it is inexpensive and high in animal protein, further boosting sales. With the potential to increase exports, the fisheries sector must get continuous and focused attention through policy and financial assistance to drive its growth in a sustainable, responsible, inclusive, and equitable way.

However, lifestyle changes like a vegan diet or allergies might hamper the market's development.

Best Procurement Practices

The India Fish industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major India Fish regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

India is the world's second-largest fish producer, accounting for 7.56 percent of worldwide output and providing 1.24 percent of the country's Gross Value Added (GVA) and over 7.28 percent of agricultural GVA. Fisheries and aquaculture continue to give millions of people food, nourishment, money, and a way of life. During 2019-20, the Fisheries sector earned Rs.46,662.85 crores in export revenues. The fisheries industry offers livelihood support to around 280 lakh people at the primary level and nearly double that number along the value chain, with an annual average growth rate of 7% over the previous several years.

Booming Retail Sector, Further Boosting the Procurement of Fish

The market is witnessing expansion owing to the rise of the organised food retail sector, making processed fish, notably canned and frozen fish products, more accessible to consumers. Other factors such as Lifestyle changes, rising meat prices, rising disposable incomes, and changing consumer patterns propel the industry growth.

The regional markets for the industry can be divided into West Bengal, Andhra Pradesh, Karnataka, Kerala, Gujarat, Tamil Nadu, Maharashtra, and Others.

Key Industry Players Mentioned in the India Fish Industry Report

  • Avanti Feed Ltd.
  • Apex Frozen Foods Ltd.
  • Coastal Cooperation Ltd.
  • Waterbase Ltd.
  • Zeal Aqua

Market Landscape

India is also becoming a prominent fish exporter, with export values increasing by double digits. About 6% of worldwide output is produced in this segment. Currently, the country is one of the world's largest fish producers. In many international markets, the government is today one of the leading providers of frozen shrimp and frozen fish. In recent years, India has seen a significant increase in domestic consumption and fish exports, bolstering the Indian fish industry.

Key Initiatives by Companies

  • On July 10, 2021, the Department of Fisheries and its subordinate entities commemorated National Fish Farmers Day. NFDB Foundation Day was also commemorated on this day. During the event, the Hon’ble Union Minister for Fisheries, Animal Husbandry, and Dairy introduced social media/radio jingles and slogans aimed at popularising and promoting domestic fish consumption as a healthy diet across the country.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Indian Fish Market Snapshot
7    Industry Opportunities and Challenges 
8    India Fish Market Analysis

    8.1    Key Industry Highlights
    8.2    India Fish Historical Market (2017-2021) 
    8.3    India Fish Market Forecast (2022-2027)
    8.4    India Fish Market by Fish Type
        8.4.1    Inland Fishes
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Breakup by Species
                8.4.1.4.1    Indian Major Carps
                    8.4.1.4.1.1    Historical Trend (2017-2021)
                    8.4.1.4.1.2    Forecast Trend (2022-2027)
                8.4.1.4.2    Pangasius
                    8.4.1.4.2.1    Historical Trend (2017-2021)
                    8.4.1.4.2.2    Forecast Trend (2022-2027)
                8.4.1.4.3    Exotic Carps
                    8.4.1.4.3.1    Historical Trend (2017-2021)
                    8.4.1.4.3.2    Forecast Trend (2022-2027)
                8.4.1.4.4    Clarias
                    8.4.1.4.4.1    Historical Trend (2017-2021)
                    8.4.1.4.4.2    Forecast Trend (2022-2027)
                8.4.1.4.5    Anabas
                    8.4.1.4.5.1    Historical Trend (2017-2021)
                    8.4.1.4.5.2    Forecast Trend (2022-2027)
                8.4.1.4.6    Rupchanda
                    8.4.1.4.6.1    Historical Trend (2017-2021)
                    8.4.1.4.6.2    Forecast Trend (2022-2027)
                8.4.1.4.7    Tilapia
                    8.4.1.4.7.1    Historical Trend (2017-2021)
                    8.4.1.4.7.2    Forecast Trend (2022-2027)
                8.4.1.4.8    Seabass
                    8.4.1.4.8.1    Historical Trend (2017-2021)
                    8.4.1.4.8.2    Forecast Trend (2022-2027)
                8.4.1.4.9    Others
        8.4.2    Marine Fishes
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Shrimps
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Scampi
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
    8.5    India Fish Market by Product Type
        8.5.1    Fresh
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Frozen
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Canned
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    India Fish Market by Distribution Channel
        8.6.1    Retail
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Institutional
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    India Fish Market by Sector
        8.7.1    Organised
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Unorganised
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
    8.8    India Fish Market by States
        8.8.1    Market Share
            8.8.1.1    West Bengal
            8.8.1.2    Andhra Pradesh
            8.8.1.3    Karnataka
            8.8.1.4    Kerala
            8.8.1.5    Gujarat
            8.8.1.6    Tamil Nadu
            8.8.1.7    Maharashtra
            8.8.1.8    Others
9    Regional Analysis
    9.1    West Bengal
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
    9.2    Andhra Pradesh
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027
    9.3    Karnataka
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
    9.4    Kerala
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
    9.5    Gujarat
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
    9.6    Tamil Nadu
        9.6.1    Historical Trend (2017-2021)
        9.6.2    Forecast Trend (2022-2027
    9.7    Maharashtra
        9.7.1    Historical Trend (2017-2021)
        9.7.2    Forecast Trend (2022-2027)
    9.8    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players’ Market Share
    14.3    Company Profiles
        14.3.1    Company Overview
        14.3.2    Product Portfolio
        14.3.3    Demographic Reach and Achievements
        14.3.4    Certifications
15    Events and Developments

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Key Questions Answered in the Report

The India Fish market size was valued at 15618.45 KMT in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 10%.

The rise of the organised food retail sector is one of the essential drivers of the India Fish market growth.

Avanti Feed Ltd., Apex Frozen Foods Ltd., Coastal Cooperation Ltd., Waterbase Ltd., and Zeal Aqua are some of the major players in the India Fish market.

The Fish industry's Lakshwadeep region holds the market's significant share.

Analyst Review

The India Fish market attained a value of 15618.45 KMT in 2021, driven by the increased per capita fish consumption in India during the last several years. Furthermore, Because of advanced knowledge of fish as a nutritious diet of its health advantages, fish, healthy food with high quantities of digestible protein, cholesterol-lowering capabilities, and PUFA, is projected to expand rapidly. The rise of the organised food retail sector will make processed fish, particularly canned and frozen fish products, more accessible to consumers. Other factors such as Lifestyle changes, rising meat prices, rising disposable incomes, and changing consumer patterns, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 10%. The market is projected to reach 26713.97 KMT by 2027. Some of the leading players in the industry are Avanti Feed Ltd., Apex Frozen Foods Ltd., Coastal Cooperation Ltd., Waterbase Ltd., and Zeal Aqua.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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