IMARC Group, a leading market research company, has recently releases report titled “India Fish Farming Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The India fish farming market size is projected to exhibit a growth rate (CAGR) of 8.60% during 2023-2028.
What is Fish Farming?
Fish farming, also known as aquaculture, involves the controlled breeding and cultivation of fish in enclosed environments, such as ponds, tanks, or ocean-based net pens. It aims to minimize the environmental impact by using resources efficiently, reducing waste, and preventing the escape of farmed fish into natural ecosystems. As it helps meet the increasing global demand for seafood, reducing the need for overfishing and the depletion of wild fish stocks, the practice of fish farming is rising in India.
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What are the growth prospects and trends in the industry?
At present, the increasing awareness about the nutritional benefits of fish consumption among the population represents one of the key factors supporting the growth of the market in India. In addition, the growing demand for high-quality and locally produced seafood is offering a favorable market outlook in the country. This demand is further intensified by the preference for fresh and uncontaminated seafood, much like the industrial need for efficient degreasing agents. Besides this, fish farming offers a solution by providing a controlled environment that ensures the production of healthy and safe fish. Moreover, the profitability of fish farming is attracting entrepreneurs and investors, which is propelling the growth of the market in India. Furthermore, the Government of India is undertaking initiatives to promote aquaculture, including financial incentives and technical support, which is bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Environment Insights:
- Marine Water
- Fresh Water
- Brackish Water
The report has provided a detailed breakup and analysis of the market based on the environment. This includes marine water, fresh water, and brackish water.
Fish Type Insights:
- Salmon
- Milkfish
- Tuna
- Tilapia
- Catfish
- Sea Bass
- Others
A detailed breakup and analysis of the market based on the fish type has also been provided in the report. This includes salmon, milkfish, tuna, tilapia, catfish, sea bass, and others.
Regional Insights:
- South India
- North India
- West & Central India
- East India
The report has also provided a comprehensive analysis of all the major regional markets, which include South India, North India, West and Central India, and East India.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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