In 2023, India imported a significant volume of prepared or preserved sardines, brisling, and sprat, serving as a baseline for forecasted growth. From 2024 to 2028, the expected volume increases steadily each year, with annual growth rates of approximately 5.3% between 2024 and 2025, 4.9% between 2025 and 2026, and continuing this upward trajectory towards 2028. The compound annual growth rate (CAGR) for the five-year period is anticipated to be approximately 4.8%, indicating robust and consistent demand growth in this category.
Future trends to watch for include possible impacts from global supply chain changes, fluctuations in seafood prices, and India's evolving dietary preferences, which might further influence import volumes. Monitoring these dynamics will be crucial for understanding long-term market shifts.
