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According to IMARC Group’s latest report titled ", Share, Trends and Forecast by Environment, Fish Type, and Region, 2025-2033", this study offers a granular analysis of the industry's rapid modernization and export-led growth. The study offers a profound analysis of the industry, encompassing India fish farming market share, size, growth factors, key trends, and regional insights. The report covers critical market dynamics, including the impact of the Pradhan Mantri Matsya Sampada Yojana (PMMSY), the adoption of Recirculating Aquaculture Systems (RAS), and the rising global demand for Indian shrimp and frozen seafood.

Market At-A-Glance: Key Statistics (2025-2033):

• Current Market Size (2024): USD 10.5 Billion
• Projected Market Size (2033): USD 20.1 Billion
• Growth Rate (CAGR): 7.40%
• Dominant Region: South India (Driven by extensive coastal aquaculture in Andhra Pradesh and Tamil Nadu)

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India Fish Farming Market Overview

The India fish farming market size reached USD 10.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 20.1 Billion by 2033, exhibiting a robust growth rate (CAGR) of 7.40% during 2025-2033.

The market is witnessing a structural shift, primarily driven by the "Blue Revolution" initiatives aimed at transforming the fisheries sector. Rapid urbanization and rising disposable incomes have led to a dietary shift towards protein-rich seafood, boosting domestic consumption. Simultaneously, India's status as the second-largest aquaculture producer globally is being reinforced by government subsidies and infrastructure support for cold chains and processing hubs. The sector is also seeing a transition from traditional farming to technology-driven methods, with startups and commercial farms adopting AI-based monitoring and biofloc technology to enhance yield and sustainability.

Top Emerging Trends in the India Fish Farming Market:

• Sustainable Practices: Widespread adoption of eco-friendly methods like Biofloc Technology (BFT) and organic feed to minimize environmental impact.
• Tech Integration: Utilization of AI and IoT (e.g., Aquaconnect’s FarmMOJO) for real-time water quality monitoring, disease prediction, and feed optimization.
• Marine Expansion: Strategic shift towards marine and brackish water aquaculture for high-value species like shrimp, grouper, and seabass, supported by an 11,000+ km coastline.
• Climate Resilience: Development of climate-resilient coastal fishing villages in states like Kerala, incorporating seaweed cultivation and sustainable fuel initiatives.

India Fish Farming Market Growth Factors (Drivers)

• Government Support: Massive allocation under PMMSY (₹20,050 crore) to address critical gaps in the fisheries value chain and boost infrastructure.
• Export Potential: Record seafood exports (valued at USD 7.38 billion in FY 2023-24), with strong demand for frozen shrimp in the US and China.
• Technological Advancements: Introduction of Recirculating Aquaculture Systems (RAS) and automated feeding systems reducing operational costs and improving stock health.
• Rising Consumption: Growing preference for fish protein among health-conscious consumers across Tier-1 and Tier-2 cities.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-fish-farming-market

Market Segmentation

Analysis by Environment:

• Fresh Water (Dominant segment utilizing inland resources like ponds and reservoirs)
• Marine Water (Fastest growing due to high-value export species)
• Brackish Water

Analysis by Fish Type:

• Salmon (Emerging premium segment)
• Tilapia (High growth due to adaptability and affordability)
• Catfish
• Sea Bass
• Milkfish
• Tuna
• Others

Regional Insights:

• South India: Leading market share, leveraging the extensive coastlines of Andhra Pradesh and Tamil Nadu for shrimp cultivation.
• North India: Growing freshwater aquaculture in UP and Punjab.
• West & Central India: Expansion of marine farming in Gujarat and Maharashtra.
• East India

India Fish Farming Market Recent Developments & News

• Startups: Companies like Aquaconnect are leveraging AI to help farmers increase income by 5-10% and reduce feed costs.
• Infrastructure: The government announced the installation of transponders on 100,000 fishing vessels for real-time tracking and safety.
• Kerala Initiative: Launch of 100 climate-resilient fishing villages with an investment of ₹2 crore each to support sustainable livelihoods.

Why Buy This Report? (High-Value Insights)

• Granular Segmentation: Detailed analysis of Freshwater vs. Marine profitability, helping investors identify high-yield opportunities.
• Regional Hotspots: In-depth breakdown of production trends in Andhra Pradesh vs. West Bengal, aiding in supply chain planning.
• Future-Ready Trends: Insights into the adoption of Smart Aquaculture, highlighting the role of digitization in the next decade of growth.

Key Highlights of the Report

• Market Forecast (2025-2033): Quantitative data on market value and steady growth.
• Competitive Landscape: Comprehensive analysis of organized players and agritech startups.
• Strategic Analysis: Porter’s Five Forces analysis and value chain assessment.
• Technological Trends: Insights into advancements in disease management and genetic improvement of stock.

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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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