The forecast for frozen sardines, sardinella, brisling, or sprats imports to India shows consistent growth from 2024 to 2028. In 2023, the market stood at a particular figure not mentioned, but showing upward momentum into the forecast period. The year-on-year growth from 2024 onwards ranges between approximately 10.5% to 8%, indicating robust demand and a positive market outlook. This results in a compound annual growth rate (CAGR) of about 8.91% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Consumer preference for sustainable and high-protein food options, potentially driving further demand.
- Changes in international trade policies or tariffs that could impact import volumes and costs.
- Emerging markets within India that might contribute to increased consumption of imported frozen fish products.