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Indian Fish Market Size to Expand at a CAGR of 10.2% during 2019-2024

 



(Food-Beverage-News.Com, June 18, 2019 ) According to the latest report by IMARC Group, titled “Indian Fish Market Research Report and Forecast 2019-2024”, the Indian fish market reached a value of INR 1,110 Billion in 2018. Fishing is practiced along the entire length of the Indian coastline as well as at the banks of many rivers flowing across the country. It covers numerous activities such as the capturing, culturing, preserving, transporting, processing, marketing or selling of fish and other related products. The Indian fish industry plays a vital role in providing employment, livelihood and food security across the region. In addition, the industry is a major contributor to the country’s overall exports of food products. A shift towards mechanization and the adoption of modern methods for fish processing are currently promoting fish production in India.



Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/indian-fish-market/requestsample



Market Trends:



Fishes are perceived as a rich source of digestible protein and polyunsaturated fatty acids, owing to which their demand is increasing among health-conscious consumers. Moreover, the country has emerged as a major exporter of frozen shrimp and fish products to numerous international markets. However, a significant part of the total area available for fishing activities is still left unutilized in the country. This untapped growth potential has made the Indian fish industry an attractive market for foreign investors. Apart from this, the presence of fishing infrastructure and liberalized policies and regulations are also supporting the inflow of foreign investments. Looking forward, the market value is projected to reach INR 1,998 Billion by 2024, expanding at a CAGR of 10.2% during 2019-2024.



Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/indian-fish-market



Insights on Market Segmentation:



Market Breakup by Fish Type:



1. Inland Fishes

2. Marine Fishes

3. Shrimps

4. Scampi



On the basis of fish types, the market is categorized into inland fishes, marine fishes, shrimp and scampi. Amongst these, inland fishes are the most popular fish type. Inland aquaculture is a major fish production system in the country owing to various initiatives by the Government.



Market Breakup by Product Type:



1. Fresh

2. Frozen

3. Canned

4. Others



Based on product types, the market has been segregated into fresh, frozen, canned and others. Amongst these, fresh fish currently represents the largest segment owing to their easy availability in wet markets.



Market Breakup by Distribution Channel:



1. Retail

2. Institutional



The fish market in India has been segmented on the basis of distribution channel which include retail and institutional sales.



Market Breakup by Sector:



1. Organised

2. Unorganised



On the basis of sector, the market has been segregated into unorganized and organized sectors. The unorganized sector currently dominates the fish sales in India, holding the dominant share.



Market Breakup by State:



1. West Bengal

2. Andhra Pradesh

3. Karnataka

4. Kerala

5. Gujarat

6. Tamil Nadu

7. Maharashtra

8. Others



State-wise, the market is divided into West Bengal, Andhra Pradesh, Karnataka, Kerala, Gujarat, Tamil Nadu and Maharashtra. Currently, Andhra Pradesh accounts for the majority of the fish production in India, accounting for the largest market share.



Competitive Landscape:



The competitive landscape of the Indian fish industry has also been examined with the detailed profiles of the key players.



Browse similar reports by IMARC Group:



Global Pea Protein Market Research Report and Forecast: https://www.imarcgroup.com/pea-protein-market



Global Soy Food Market Research Report and Forecast: https://www.imarcgroup.com/soy-food-market



About Us



IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.



IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC Services Pvt. Ltd.

Richard Lewis

6317911145

sales@imarcgroup.com

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