Key Market Indicators
India's fish production is projected to reach approximately 14.5 million metric tons by 2028, up from about 10.9 million metric tons in 2023. This marks an average annual growth rate of 4.5%. Since 1965, the country's fish supply has surged by an average of 8.5% per year. In 2023, India ranked third globally in fish production, with Indonesia slightly ahead, also producing around 10.9 million metric tons. Following Indonesia and India, Bangladesh held the fourth position. Conversely, Indian fish consumption is expected to decline to roughly 412,000 metric tons by 2028, down from approximately 558,000 metric tons in 2023. This represents an average annual decrease of 4.8%. The trend of declining demand has been consistent since 2019, with an annual reduction rate of 4.8%.
