The Fish Market in India (2018-2023): Key Analysis & Forecast on the INR 1.8 Billion Projected Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Indian Fish Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The Indian fish market was worth INR 1,004 Billion in 2017. The market is further projected to reach INR 1,821 Billion by 2023, at a CAGR of 10.4% during 2018-2023.
Accounting for nearly 6% of the global fish production, India today represents one of the largest producers of fish in the world. Both, domestic consumption as well as export of fishes have witnessed a strong growth in India over the last few years.
The per capita consumption of fish has also shown a continuous growth over the last several years. A number of factors are currently driving the consumption of fish in India. These include life style changes, increasing cost of meat and the perception of fish as a healthy food with high levels of digestible protein, PUFA and cholesterol lowering capability.
Increasing Per Capita Consumption
The per capita consumption of fish has been continuously increasing over the past few decades. As a result of increasing disposable incomes and changing food habits, we expect the consumption of fish to continue increasing in the coming years.
Growth of Organized Food Retail
The growth of the organized food retail market is expected to increase the accessibility of processed fish, particularly, canned and frozen fish products for consumers. This is expected to create a positive impact on market growth.
Increasing Awareness on the Health Benefits of Fish
The market for health and wellness foods in India is currently exhibiting strong growth. As previously discussed, fishes as perceived as a healthy food containing high levels of digestible protein, PUFA and cholesterol lowering capability. Increasing awareness of fish as a food associated with health and wellness is expected to create a positive impact on its consumption in the coming years.
Growth in Exports
India is also emerging as a leading exporter of fishes with export values exhibiting double digit growth rates. The country is currently one of the key suppliers of frozen shrimp and frozen fish in various international markets.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Indian Fish Market
6 Market Breakup by Fish Type
7 Market Breakup by Product Type
8 Market Breakup by End-User
9 Market Breakup by Distribution Channel
10 Market Breakup by State
11 Imports and Export
12 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/7d3f3p/the_fish_market?w=4
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Related Topics:Fish and Seafood
KEYWORD: ASIA PACIFIC INDIA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/06/2018 07:01 AM/DISC: 12/06/2018 07:01 AM