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India Basa Fish Market to Witness a Healthy Growth During 2022-2027, Aided by the Growing Fish Market in the Country

According to a new report by EMR titled, ‘India Basa Fish Market Report and Forecast 2022-2027’, the market is being supported by the growing India fish market, which attained a value of around INR 1367.5 billion in 2021. The India fish market is further expected to grow at a CAGR of 10.50% between 2022 and 2027.

The Basa fish industry in India is driven by the growing popularity of seafood in the country. India is the second most populated country across the world and has a large consumer base for seafood. Also, the growing awareness regarding the health benefits offered by Basa fish is also projected to support the market growth. It is rich in protein and omega-3 fatty acids, which is beneficial for both adults and geriatrics. In this regard, the rising incidences of chronic ailments such as cardiovascular diseases in the country are likely to propel the demand for Basa fish in the forecast period. Furthermore, the thriving food and beverage industry in India, owing to the rising disposable incomes, increasing population, rapid development of convenience stores, and flourishing travel and tourism industry are likely to augment the market growth in the country in the forecast period.

The emerging e-commerce industry in India is anticipated to boost the sales of Basa fish in the country. This can be attributed to the growing preference of consumers for online grocery shopping, owing to the convenience of shopping and home delivery offered by online grocery delivery applications. For instance, Amazon (NASDAQ: AMZN) offers a wide range of Basa fish products, such as Basa fish fillets and others, at a variety of price range.

Market Breakup by Product Type, Source, End Use, and Region:

  • The market is segmented, based on product type, into fresh and frozen.
  • Based on source, the market can be bifurcated into imported and local.
  • On the basis of end use, the market is divided into institutional and retail.
  • Region-wise, the India market for Basa fish can be divided into North India, South India, East India, and West India.

Key Findings of the Report:

  • The Basa fish industry in India is being driven by the flourishing food and beverage industry in the country, owing to the rising population and the increasing disposable incomes.
  • The increasing popularity of seafood, fuelled by the rapid adoption of flexitarian diet among the population is anticipated to augment the market growth in the forecast period.
  • The growing awareness regarding the health benefits associated with Basa fish consumption is likely to propel the sales of Basa fish in the forecast period.
  • The market is estimated to be further supported by the rising incidences of chronic illnesses in the country, which, in turn, is driving the demand for nutritious foods.

Key Offerings of the Report:

  • The EMR report gives an overview of the India Basa fish market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the product types, sources, end uses, and regions of Basa fish.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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