In 2023, the market size volume of pelagic fish in India stood at approximately 557.94 thousand metric tons, declining by 4.72% year-on-year. Over the last five years, the market has experienced a compound annual growth rate (CAGR) of -4.79%. Historical data shows significant fluctuations, including a sharp decline of 32.66% in 2016 and a stabilized period during 2018.

Looking forward, the forecasted data points to a continued downward trend, with market size volumes expected to reach 411.64 thousand metric tons by 2028. The forecasted five-year CAGR is -4.76%, indicating a consistent decline. The forecasted five-year growth rate is projected at -21.65%.

Future trends to watch for in the pelagic fish market in India include:

Impact of sustainable fishing practices and environmental regulations.
Technological advancements in aquaculture and fishing methods.
Changes in consumer dietary preferences and demand for alternative protein sources.