The demand for freshwater fish in India, expressed in Million Metric Tons, has experienced consistent growth from 2014 to 2023. Specifically, in 2023, the demand stood at 7.58 Million Metric Tons. Year-on-year variations varied significantly throughout this period, with notable increases of 6.68%, 10.35%, and 16.31% in 2015, 2016, and 2021 respectively. A significant dip of -15.6% was observed in 2020, likely due to the global COVID-19 pandemic. Over the last five years, the Compound Annual Growth Rate (CAGR) was 1.57%.
Looking ahead, continued steady growth is expected. The forecast for 2028 anticipates a demand of 8.14 Million Metric Tons, with a 5-year CAGR of 1.19% and an overall 5-year growth rate of 6.11%. Key trends to watch include potential impacts of technological advancements in aquaculture, shifts in consumer preferences towards healthier diets, and regulatory changes affecting the fisheries sector.
