The forecasted import of frozen shrimps and prawns to India increases from 4.7042 million kilograms in 2024 to 5.5816 million kilograms in 2028. Compared to the previous year's levels, this signifies a continuous growth pattern. Estimating the compound annual growth rate (CAGR) demonstrates an average annual increase of around 4.3% over the five-year period. The market in 2023 stood at 4.5 million kilograms, indicating a pre-existing demand which is expected to grow consistently.
Future trends to watch include potential impacts of policy changes on import regulations, shifts in global production capacities, and evolving consumer preferences toward sustainable seafood. Monitoring the stability of import supply chains will also be crucial, as will any fluctuations in domestic production against international demand.
