Fish industry in India to reach US$ 25.39B by 2023

reogma|Fish industry in India to reach US$ 25.39B by 2023

India is the third largest fish producer in the world and second largest aquaculture producer worldwide. Blue Revolution aims fish production to reach 15 million tonnes by 2020 supported by USD 418 million government's finances assistance.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Drivers
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Regulatory Trends
  • Market Size and Forecast
  • Market Outlook
  • Distribution Chain Analysis
  • Competitive Landscape
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

The country has a long coastline of 8129 km and an extensive river and canal system of about 5.210 km, consisting of 14 major rivers, 44 medium rivers, and numerous small rivers and streams. In addition, pond and tank resources are estimated at 2.36 million hectares in addition to vast inland water resources and hence offers scope for large exploitation of marine wealth.

India’s freshwater resources consist of rivers and canals (197,024 km), reservoirs (3.15 million ha), ponds and tanks (235 million ha), oxbow lakes and derelict waters (1.3 million ha), brackish waters (1.24 million hectares) and estuaries (0.29 million hectares).

The aquaculture sector of India witnessed a boom with the introduction of White leg shrimps (Litopenaeus Vannamei; also known as Penaeus Vannamei) in 2004. Over the past decade, production and export of Vannamei shrimps have outpaced the native species such as the Black Tiger which was the dominant farmed species until 2003. The dominant place that Black Tiger held in global shrimp farm production was due to a number of factors, including their rapid growth rate, large harvest size, and relatively high market price.

However, the growing importance of Vannamei variety is attributed to the favorable characteristics of their commercial production in the form of higher adaptability to the production environment (tolerance to varied temperature, salinity, etc.), superior disease resistance capability, higher growth rate, ease of breeding and relatively higher demand in the global market.

India has over 3000 species of fish. Among those, around 1906 comes under the Marine fishery category while nearly 1016 are harvested and cultivated in fresh water and rest more than 100 species fall under brackish water harvesting category.

Coastal fisheries fall under State jurisdiction while Deep-sea fisheries operations fall under the jurisdiction of the Union Government. Management of inshore fisheries is the responsibility of State Governments.

Fishing crafts in India

The multi-species multi-gear marine fishing sector of India is divided into four sectors:

  • Non-Motorized
  • Motorized
  • Mechanized
  • Deep sea fishing sector

Commercially important freshwater ornamental fishes

  • Barbs
  • Loaches
  • Danio
  • Freshwater Shark
  • Gourami
  • Catfish
  • Eels
  • Puffer fish
  • Snake head
  • Glass fish
  • Shark catfish
  • Guppy
  • Molly
  • Gold fish
  • Fighter
  • Platy
  • Sword tail
  • Oscar
  • Severum
  • Angel fish
  • Discus
  • Tetra

India has total 212 breeding, Kerala has the highest number of fish breeding units.

reogma|Fish industry in India to reach US$ 25.39B by 2023

reogma|Fish industry in India to reach US$ 25.39B by 2023


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Tue Jan 8 , 2019
India is the third largest fish producer in the world and second largest aquaculture producer worldwide. Blue Revolution aims fish production to reach 15 million tonnes by 2020 supported by USD 418 million government's finances assistance. Definition / Scope Market Overview Market Risks Top Market Opportunities Market Drivers Industry Challenges […]
reogma|Fish industry in India to reach US$ 25.39B by 2023reogma|Fish industry in India to reach US$ 25.39B by 2023

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