India Aquaculture Market PPT: Demand, Trends and Business Opportunities 2023-28

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India Aquaculture Market Research Report:

The latest report by IMARC, titled “ India Aquaculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

” finds that the India aquaculture market size reached 12.4 Million Tons in 2022. Aquaculture, also known as aquafarming, is a controlled process of breeding, rearing, harvesting, and cultivating fish, shellfish, algae, and other aquatic organisms. It can be conducted in artificial facilities built on fish tanks, ponds, aquaponics, and raceways or on well-sheltered shallow water bodies. Aquaculture also includes the production of ornamental fishes to support recreational and commercial fisheries. India possesses a vast potential for aquaculture with a vast coastline of 7,500 kilometers, 2.36 million hectares of ponds and tanks, and a brackish water area of 1.1 million, offering immense opportunities for aquaculture in both marine and inland waters.

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India Aquaculture Market Trends :

The increasing consumption of fish due to numerous health benefits is one of the key factors driving the market growth. In addition, the shifting consumer preferences from high-calorie meat products toward a protein-rich diet, including fish, shrimps, and mollusks, represents another major growth-inducing factor. Apart from this, the Government of India is undertaking various initiatives, such as Pradhan Mantri Matsya Sampada Yojana, to establish a comprehensive framework and reduce infrastructural gaps in the fisheries sector. This, coupled with the rising number of hatcheries, feed mills, and processing plants, is fueling the aquaculture market in the country. Moreover, several key players are adopting innovative solutions for the domestication and in-house cultivation of ornamental fish species in artificial environments for recreational and commercial purposes, which in turn, is contributing to the market growth. Furthermore, the introduction of sustainable cultivation systems, which aim at protecting the ecosystem and biodiversity while reducing pollution, is anticipated to propel the market growth in India. Looking forward, IMARC Group expects the market volume to reach 19.9 Million Tons by 2028, exhibiting a CAGR of 8.1% during the forecast period (2023-2028).

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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Market Summary:

India Shrimp Industry: Breakup by Environment:

• Farmed Shrimp

• Wild Shrimp

Breakup by Species:

• L. Vannamei

• Penaeus Monodon

• Scampi

Breakup by States:

• Andhra Pradesh

• West Bengal

• Gujarat

• Tamil Nadu

• Orissa

• Maharashtra

• Karnataka

• Kerala

• Others

Breakup by Shrimp Size:

• 31-40

• 41-50

• 51-60

• 61-70

• >70

• Others

Breakup by End Use:

• Hotels and Restaurants

• Retail Shops

• Hypermarkets and Supermarkets

• Online Sales

• Others

Breakup by End Form

• Frozen

• Fresh

• Canned

India Inland Fish Industry: Breakup by Environment

• Fresh Water

• Brackish Water

Breakup by Species

• Indian Major Carps

• Exotic Carps

• Pangasius

• Clarias

• Anabas

• Rupchanda

• Tilapia

• Seabass

• Others

Breakup by State:

• Andhra Pradesh

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• West Bengal

• Uttar Pradesh

• Maharashtra

• North East Region

• Others

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Competitive Landscape with Key Players:

Avanti Frozen Foods Private Limited (AVANTI FEEDS LIMITED)

Devi Sea Foods Limited

Sandhya Marines

Apex Frozen Foods Limited

IFB Agro Industries Limited

SSF Limited

Kings Infra Ventures Limited

The Waterbase Limited

Kader Exports Private Limited

Zeal Aqua Limited

CP Aquaculture (India) Private Limited (Charoen Pokphand Foods Public Limited Company

Coastal Corporation Limited

Uniroyal Marine Exports Limited

BKV Industries Limited

Abad Fisheries Private Limited

Ananda Aqua Exports Private Limited

Anjaneya Sea Foods

• August Seafood

• Baby Marine Ventures

• BMR Group

• Devi Marine Foods Exports Private Limited

• Falcon Marine Exports Ltd

• Frontline Exports Private Limited

• Geo Seafoods

• Jayalakshmi Sea Foods Pvt. Ltd.

• JRJ Sea Foods India Private Limited

• Jude Foods India Private Limited

• K V Marine Exports

• Kadalkanny Frozen Foods

• Liberty Frozen Foods Private Limited

• Liberty Group of Seafood Companies

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