The projected values for frozen Atlantic and Danube salmon imports to India from 2024 to 2028 show a steady increase from 570.11 thousand US dollars to 571.7 thousand US dollars. Comparing the forecasted data with the 2023 actual figures, the growth is gradual and relatively stable with only slight year-on-year increments that are indicative of a stable demand or supply scenario. The compound annual growth rate (CAGR) over the next five years is modest, reflecting a predictable and consistent expansion of the market.
Future trends to watch for include:
- Potential policy changes in India that could affect import duties and regulations.
- Risks of climate change impacting salmon populations, thus influencing global supply.
- Consumer preference shifts towards sustainable or alternative protein sources.