India Seafood Market

The seafood market in India is experiencing notable transformations, driven by evolving consumer preferences and increasing awareness regarding health benefits associated with seafood consumption. The demand for various seafood products, including fish, crustaceans, and mollusks, appears to be on the rise, as consumers seek nutritious and protein-rich food options. Additionally, the growing trend of online grocery shopping is reshaping how seafood is marketed and distributed, allowing consumers to access a wider variety of products conveniently. This shift may lead to enhanced competition among suppliers, potentially benefiting consumers through improved quality and pricing. Furthermore, sustainability concerns are becoming increasingly prominent within the seafood market. Consumers are showing a preference for sustainably sourced seafood, which may influence purchasing decisions. Regulatory frameworks are also evolving to promote responsible fishing practices, ensuring the long-term viability of marine resources. As the market adapts to these changes, stakeholders are likely to explore innovative approaches to meet consumer demands while addressing environmental challenges. Overall, the seafood market in India is poised for growth, driven by health consciousness, technological advancements, and sustainability initiatives.

Rising Health Consciousness

There is a growing awareness among consumers regarding the health benefits of seafood, which is rich in essential nutrients. This trend is likely to drive increased demand for various seafood products, as individuals seek healthier dietary options.

Sustainability Focus

Consumers are increasingly prioritizing sustainably sourced seafood, reflecting a shift towards environmentally responsible consumption. This trend may encourage suppliers to adopt sustainable practices, aligning with consumer values.

E-commerce Growth

The rise of online grocery shopping is transforming the seafood market. Consumers are now able to access a broader range of seafood products conveniently, which could enhance competition and improve product availability.

The seafood market in India is experiencing a notable surge in demand, driven by changing consumer preferences towards healthier protein sources. With a growing awareness of the nutritional benefits of seafood, including high omega-3 fatty acids, the market is projected to expand significantly. According to recent estimates, the seafood consumption in India is expected to grow at a CAGR of approximately 7% over the next five years. This increasing demand is not only limited to traditional seafood products but also includes value-added items such as ready-to-cook and processed seafood. The seafood market is thus adapting to these trends by diversifying product offerings to cater to health-conscious consumers.

The seafood market in India is poised to benefit from increasing export opportunities, particularly in regions with high demand for seafood products. Countries in the Middle East and Southeast Asia are emerging as key markets for Indian seafood exports. The Indian government has been actively promoting seafood exports through various initiatives, including subsidies and support for quality certification. In 2025, the seafood export value is projected to reach approximately $7 billion, reflecting a robust growth trajectory. This expansion in the export market is likely to bolster the seafood market, encouraging local producers to enhance their production capabilities and meet international standards.

Urbanization in India is significantly influencing consumption patterns, particularly in the seafood market. As more people migrate to urban areas, there is a shift towards convenience and ready-to-eat food options. This trend is leading to an increased demand for processed and packaged seafood products. The urban population, which is expected to reach 600 million by 2031, is likely to drive the growth of the seafood market. Retailers are responding by expanding their seafood offerings in supermarkets and online platforms, making it easier for consumers to access a variety of seafood products.

The Indian government is implementing various initiatives to support the growth of aquaculture, which is a critical component of the seafood market. Programs aimed at enhancing fish farming practices, providing financial assistance, and promoting sustainable fishing methods are being introduced. The Pradhan Mantri Matsya Sampada Yojana, for instance, aims to increase fish production to 22 million tonnes by 2025. Such initiatives are expected to boost the seafood market by ensuring a steady supply of fish and seafood products, thereby meeting the rising domestic and export demand.

Technological innovations are playing a crucial role in enhancing the efficiency and quality of seafood processing in the seafood market. Advanced processing techniques, such as vacuum packaging and flash freezing, are being adopted to extend shelf life and maintain freshness. These technologies not only improve product quality but also reduce waste, which is a significant concern in the industry. Furthermore, the integration of automation and AI in processing plants is streamlining operations, leading to cost reductions. As a result, the seafood market is likely to see improved profitability and competitiveness, attracting more investments in the sector.

The seafood market in India is characterized by a dynamic competitive landscape, driven by increasing consumer demand for diverse seafood products and a growing emphasis on sustainability. Major players such as Maruha Nichiro Corporation (Japan), Thai Union Group PCL (Thailand), and Dongwon Industries Co. Ltd. (South Korea) are actively shaping the market through strategic initiatives. Maruha Nichiro Corporation (Japan) focuses on innovation in aquaculture practices, aiming to enhance product quality and sustainability. Meanwhile, Thai Union Group PCL (Thailand) emphasizes regional expansion and partnerships to strengthen its supply chain and distribution networks. Dongwon Industries Co. Ltd. (South Korea) is leveraging digital transformation to optimize operations and improve customer engagement, thereby enhancing its competitive positioning.

The business tactics employed by these companies include localizing manufacturing and optimizing supply chains to meet regional demands effectively. The market structure appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for a diverse range of products and services, catering to the evolving preferences of consumers while fostering healthy competition among established and emerging firms.

In October 2025, Maruha Nichiro Corporation (Japan) announced a strategic partnership with local Indian fisheries to enhance sustainable sourcing practices. This collaboration is expected to bolster the company’s supply chain resilience while promoting responsible fishing practices in the region. Such initiatives not only align with global sustainability goals but also position Maruha as a leader in ethical seafood sourcing.

In September 2025, Thai Union Group PCL (Thailand) launched a new line of ready-to-eat seafood products tailored for the Indian market. This product innovation reflects the company’s commitment to meeting local consumer preferences and expanding its market share. By introducing convenient and culturally relevant offerings, Thai Union aims to capture a larger segment of the growing demand for quick meal solutions.

In August 2025, Dongwon Industries Co. Ltd. (South Korea) unveiled a state-of-the-art processing facility in India, designed to enhance operational efficiency and product quality. This investment underscores the company’s focus on technological advancement and its intent to strengthen its foothold in the Indian seafood market. The facility is expected to significantly reduce processing times and improve product freshness, thereby enhancing customer satisfaction.

As of November 2025, current competitive trends in the seafood market include a pronounced shift towards digitalization, sustainability, and the integration of artificial intelligence in operations. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise for enhanced innovation. The competitive differentiation is likely to evolve from traditional price-based strategies to a focus on technological advancements, sustainable practices, and reliable supply chains, reflecting a broader industry trend towards value creation and consumer-centric approaches.