The import of prepared or preserved non-canned shrimps and prawns to India is projected to grow consistently from 2024 to 2028. In 2024, the import value is expected to be $978.52 thousand, an increase from 2023's actual value. Each subsequent year shows a steady rise, reaching $1,544.1 thousand by 2028. The year-on-year growth from 2024 to 2025 is projected at 14.66%, and the compound annual growth rate (CAGR) over the five years is anticipated to reflect robust market demand and expanding consumption patterns.
Future trends to watch for include:
- Emerging consumer preferences for seafood as a staple protein source in India.
- Potential policy changes affecting import regulations and tariffs.
- Sustainability and ethical sourcing concerns impacting consumer choices.
