Report Description Report Description and Highlights

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.

Request Free Sample Report: https://www.imarcgroup.com/india-aquaculture-market/requestsample

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).