Report Description

Forecast Period


Market Size (2023)

USD 922.61 Million

CAGR (2024-2029)


Fastest Growing Segment


Largest Market

South India

Market Overview

India Aquaculture & Marine Products Market has valued at USD 922.61 Million in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.88% through 2029. Aquaculture refers to the farming of aquatic organisms such as fish, shellfish, and even plants in controlled environments. This practice involves cultivating freshwater and saltwater populations under controlled conditions, and can be contrasted with commercial fishing, which is the harvesting of wild fish. Marine products, on the other hand, cover a broad range of goods derived from the sea. These include not only seafood, but also products used in various industries such as pharmaceuticals, cosmetics, and dietary supplements. Some examples of marine products are fish oil capsules, seaweed facial masks, and shark cartilage supplements.

The Aquaculture and Marine Products market in India is a rapidly growing sector that contributes significantly to the country's economy. India, being a peninsula with a vast coastline, has immense potential for aquaculture and marine products. The country is the world's second largest fish producer and maintains a prominent position in the global marine products market. The government's support in the form of various schemes and policies, coupled with advancements in aquaculture technologies, further bolsters the sector's potential in India.

Key Market Drivers

Increasing Demand for Seafood

The primary driver of the India Aquaculture & Marine Products Market is the substantial and growing demand for seafood. As incomes rise and dietary preferences evolve, there is a significant shift in consumer choices toward protein-rich seafood. Fish and other marine products are not only delicious but also considered a healthy and nutritious source of protein, omega-3 fatty acids, and various essential nutrients that are beneficial for overall well-being.

This increasing demand is not limited to the domestic market but also extends to the global demand for Indian seafood products. The unique flavors and quality of Indian seafood have gained recognition worldwide, further fueling the growth of the aquaculture and marine product industries. As a result, industry players are expanding their production capacities, diversifying product offerings, and adopting sustainable practices to meet the rising consumer expectations. With the increasing awareness of the importance of sustainable and responsible practices, the aquaculture and marine product industries in India are also focusing on environmental stewardship. Efforts are being made to minimize the environmental impact of production processes, conserve natural resources, and ensure the long-term viability of the industry. Overall, the India Aquaculture & Marine Products Market is experiencing significant growth due to the rising demand for seafood, both domestically and globally. The industry is adapting to meet consumer preferences, while also prioritizing sustainability and environmental responsibility.

Expansion of Aquaculture Practices

The expansion of aquaculture practices in India has emerged as a major driver for the Aquaculture & Marine Products Market. In response to the depletion of natural fisheries and the increasing demand for seafood, there has been a notable shift towards cultivating fish and marine species through aquaculture techniques. Both inland and coastal aquaculture activities have witnessed significant growth, with farmers embracing modern aquaculture techniques and adopting advanced technologies. This shift has allowed for the cultivation of a diverse range of species, including shrimp, prawns, fish, and mollusks, thereby contributing to the growth of the marine products market. By providing a controlled environment for sustainable seafood production, aquaculture helps reduce the pressure on natural marine resources and ensures the long-term viability of the industry.

Technological Advancements in Aquaculture

Technological advancements in aquaculture practices are revolutionizing the Aquaculture & Marine Products Market in India. With the adoption of cutting-edge technologies like recirculating aquaculture systems (RAS), automated feeding systems, water quality monitoring devices, and genetic improvement programs, the productivity and sustainability of aquaculture operations have soared to new heights. These innovative solutions have not only bolstered disease management capabilities but also enhanced feed efficiency and yielded higher outputs. Moreover, aquaculture businesses are now embracing the power of data analytics and IoT (Internet of Things) solutions to optimize production processes further, ensuring the industry's responsible and sustainable growth. With every stride, the aquaculture sector in India is flourishing, driven by a commitment to technological excellence and environmental stewardship.

Government Initiatives & Supportive Policies

Government initiatives and supportive policies play a crucial role in driving the Aquaculture & Marine Products Market in India. Recognizing the economic potential of the sector, governments at the central and state levels have implemented various schemes and policies to promote and regulate aquaculture activities. Subsidies, financial incentives, and technical support are provided to encourage farmers and entrepreneurs to invest in aquaculture ventures. Moreover, the implementation of quality standards, certifications, and measures to ensure sustainable practices helps build trust among consumers and facilitates market access. Government support contributes to the overall development, sustainability, and competitiveness of the aquaculture and marine products industry.

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Key Market Challenges

Quality Control and Traceability Issues

Quality control and traceability issues present challenges in ensuring the safety and integrity of marine products in the Indian market. The global nature of the seafood trade demands strict adherence to quality standards and traceability throughout the supply chain. However, the lack of standardized quality control measures and traceability systems can result in the entry of substandard or mislabeled products into the market. Establishing and enforcing comprehensive quality control standards, implementing traceability technologies such as blockchain, and enhancing inspection and certification processes are essential for building consumer confidence, meeting international market requirements, and ensuring the overall integrity of the Aquaculture & Marine Products Market.

Access to Finance and Infrastructure Constraints

Access to finance and infrastructure constraints pose significant challenges for both new entrants and existing players in the Aquaculture & Marine Products Market in India. The establishment and expansion of aquaculture operations require substantial investments in infrastructure, including the construction of ponds, hatcheries, processing facilities, and transportation systems. However, many aquaculture entrepreneurs, particularly small and medium-sized enterprises, face daunting hurdles when it comes to securing adequate financial support. Moreover, inadequate infrastructure, such as insufficient transportation and cold chain facilities, can result in post-harvest losses and a decline in product quality.

To overcome these challenges and promote the sustainable growth of the aquaculture industry, it is imperative to develop specialized financial mechanisms tailored to the unique requirements of the sector. This entails creating accessible financing options and support programs that cater specifically to the needs of aquaculture entrepreneurs. Furthermore, strategic investments in infrastructure development are crucial to address the existing gaps and ensure the efficient and timely transportation of aquaculture products. By enhancing the transportation and cold chain facilities, we can minimize post-harvest losses and maintain the high quality of the marine products. The Aquaculture & Marine Products Market in India stands to benefit greatly from comprehensive measures that address the finance and infrastructure challenges faced by industry participants. By facilitating access to finance and making strategic investments in infrastructure, we can foster the sustainable growth and success of the aquaculture sector in India.

Key Market Trends

Rise in Sustainable Aquaculture Practices

A prominent trend in the India Aquaculture & Marine Products Market is the increasing adoption of sustainable aquaculture practices. As environmental concerns and consumer awareness grow, aquaculture operators are placing a greater emphasis on sustainability. This includes the implementation of responsible farming techniques, reduced use of antibiotics and chemicals, and adherence to stringent environmental standards. The trend towards sustainable aquaculture not only addresses environmental impact but also meets the preferences of conscious consumers who seek ethically produced and environmentally friendly seafood. Certification programs such as Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP) are gaining traction, providing a framework for industry players to demonstrate their commitment to sustainability.

Integration of Technology for Precision Aquaculture

The India Aquaculture & Marine Products Market is experiencing a significant and exciting trend with the integration of advanced technology for precision aquaculture. In recent years, there has been a remarkable shift towards the utilization of modern technologies such as sensors, drones, artificial intelligence, and data analytics in the management and monitoring of various aspects of aquaculture operations. These cutting-edge technologies are revolutionizing the aquaculture industry by enabling real-time monitoring of crucial factors like water quality, feeding patterns, and fish health. With this level of precision and accuracy, aquaculture operators can effectively manage their operations and implement timely interventions, ensuring the well-being and productivity of their aquatic species. Moreover, the adoption of technology in aquaculture not only enhances operational efficiency but also contributes to sustainable practices. By optimizing resource utilization and minimizing waste, precision aquaculture systems play a crucial role in conserving our precious natural resources and promoting environmentally-friendly practices.

The growing trend towards precision aquaculture is a testament to the industry's commitment to data-driven decision-making and the relentless pursuit of improved productivity. As technology continues to advance and more innovative solutions emerge, we can expect further advancements in the aquaculture sector, driving sustainable growth and meeting the increasing demand for high-quality seafood.

Segmental Insights

Rearing Product Type Insights

Based on the Rearing Product Type, in the India Aquaculture & Marine Products Market, the Chemicals segment is currently dominating due to its widespread use of a wide range of chemicals in various aquaculture practices. These chemicals play a crucial role in disease control, ensuring optimal water quality management, and promoting healthy growth in the aquaculture industry. With their effectiveness and reliability, they have become a cornerstone of the industry's success.

While other segments like Equipment, Pharmaceuticals, Fertilizers, and Others also hold significance, it is the Chemicals segment that enjoys a competitive advantage in the market. Its utility and high demand are driven by the continuous need for effective and safe chemical solutions in aquaculture operations. The Chemicals segment's extensive range of applications is constantly expanding, thanks to ongoing advancements in chemical solutions. This segment not only shapes but also drives the growth of the aquaculture industry in India, ensuring its sustainability and continued development.

Type Insights

Based on Type, the Fisheries segment is currently dominating the Indian Aquaculture & Marine Products Market. With its robust fishing infrastructure, extensive coastal line, and vast inland water resources, India has witnessed steady growth in the Fisheries sector. The country boasts a diverse range of fish species, including freshwater and marine varieties, which contribute to the sector's success. Sustainable fishing practices, such as responsible harvesting and aquaculture techniques, ensure the long-term viability of fish stocks. Additionally, the strong demand for seafood products, both domestically and internationally, drives the continued growth of the Fisheries segment. While other segments, such as Seaweeds, Microalgae, Crustaceans, Molluscs, and Others, also play a significant role in the market, it is the Fisheries segment that holds the lion's share, underscoring its prominent position in India's Aquaculture & Marine industry. The combination of abundant resources, sustainable practices, and market demand positions India as a key player in the global seafood market.

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Regional Insights

South India, with its vast coastline stretching along the Indian Ocean, continues to dominate the aquaculture and marine products market in the country. The region's favorable climate, characterized by abundant sunshine and moderate temperatures, provides an ideal environment for the cultivation of a wide range of marine species. This, coupled with advanced fishing techniques and sustainable practices, has propelled South India's fishing industry to new heights. The extensive shoreline of South India offers ample opportunities for marine farming and fish harvesting. From traditional fishponds to modern aquaculture facilities, the region is home to a diverse array of fish and seafood production systems. Additionally, the tropical climate conditions in South India create a conducive environment for year-round aquaculture, ensuring a steady supply of high-quality fisheries products.

Moreover, South India has embraced advanced fishing technologies, such as GPS-enabled navigation systems and fish tracking devices, to enhance productivity and minimize environmental impact. The use of sustainable practices, such as responsible fishing methods and eco-friendly feed, further contributes to the region's reputation for producing top-notch marine products. Given these factors, it is no surprise that South India has established itself as a leader in the Indian aquaculture and marine products market. The combination of a favorable climate, advanced fishing techniques, and sustainable practices has set the region apart, making it a hub for high-quality seafood production and a go-to destination for seafood enthusiasts.

Key Market Players

  • Avanti Feeds Limited
  • Apex Frozen Foods Limited
  • The Waterbase Limited
  • Coastal Corporation Limited
  • Waterbase Limited
  • Zeal Aqua Limited
  • BKV Industries Limited
  • Shantanu Sheorey Aqua Limited
  • Smilax Industries Limited
  • Growel Feeds Private Limited

By Rearing Product Type

By Type

By Production Type

By Culture

By Region


  • Equipment
  • Chemicals
  • Pharmaceuticals
  • Fertilizers
  • Others
  • Fisheries
  • Seaweeds
  • Microalgae
  • Crustaceans
  • Molluscs
  • Others
  • Small-Scale
  • Medium & Large Scale
  • Freshwater
  • Brackish Water
  • Marine
  • North
  • South
  • West
  • East
Report Scope:

In this report, the India Aquaculture & Marine Products Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Aquaculture & Marine Products Market, By Rearing Product Type:

o   Equipment

o   Chemicals

o   Pharmaceuticals

o   Fertilizers

o   Others

  • India Aquaculture & Marine Products Market, By Type:

o   Fisheries

o   Seaweeds

o   Microalgae

o   Crustaceans

o   Molluscs

o   Others

  • India Aquaculture & Marine Products Market, By Production Type:

o   Small-Scale

o   Medium & Large Scale

  • India Aquaculture & Marine Products Market, By Culture:

o   Freshwater

o   Brackish Water

o   Marine

  • India Aquaculture & Marine Products Market, By Region:

o   North

o   South

o   West

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Aquaculture & Marine Products Market.

Available Customizations:

India Aquaculture & Marine Products Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Aquaculture & Marine Products Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Aquaculture & Marine Products Market

4.    Executive Summary

5.    Voice of Customer

6.    India Aquaculture & Marine Products Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume (Million Tonnes)

6.2.  Market Share & Forecast

6.2.1.     By Rearing Product Type (Equipment, Chemicals, Pharmaceuticals, Fertilizers, Others)

6.2.2.     By Type (Fisheries, Seaweeds, Microalgae, Crustaceans, Molluscs, Others)

6.2.3.     By Production Type (Small-Scale, Medium & Large Scale)

6.2.4.     By Culture (Freshwater, Brackish Water, Marine)

6.2.5.     By Company (2020)

6.2.6.     By Region

6.3.  Product Market Map

7.    North India Aquaculture & Marine Products Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume (Million Tonnes)

7.2.  Market Share & Forecast

7.2.1.     By Rearing Product Type

7.2.2.     By Species

7.2.3.     By Production Type

7.2.4.     By Culture

8.    South India Aquaculture & Marine Products Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume (Million Tonnes)

8.2.  Market Share & Forecast

8.2.1.     By Rearing Product Type

8.2.2.     By Species

8.2.3.     By Production Type

8.2.4.     By Culture

9.    East India Aquaculture & Marine Products Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume (Million Tonnes)

9.2.  Market Share & Forecast

9.2.1.     By Rearing Product Type

9.2.2.     By Species

9.2.3.     By Production Type

9.2.4.     By Culture

10.  West India Aquaculture & Marine Products Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value          

10.2.              Market Share & Forecast

10.2.1.  By Rearing Product Type

10.2.2.  By Species

10.2.3.  By Production Type

10.2.4.  By Culture

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  Import-Export Analysis

15.  India Economic Profile

16.  Competitive Landscape

16.1.              Avanti Feeds Ltd.

16.2.              Apex Frozen Foods Ltd

16.3.              Coastal Corporation Limited

16.4.              Waterbase Ltd

16.5.              Zeal Aqua Ltd.

16.6.              Uniroyal Marine Exports Limited

16.7.              BKV Industries Ltd.

16.8.              Shantanu Sheorey Aqua Ltd.

16.9.              Smilax Industries Ltd

16.10.            Softech Infinium Solutions Ltd

17.  Strategic Recommendations

18.  About Us & Disclaimer

Figures and Tables

Frequently asked questions


The market size of the India Aquaculture & Marine Products Market was estimated to be USD 922.61 Million in 2023.


Avanti Feeds Limited, Apex Frozen Foods Limited, The Waterbase Limited, Coastal Corporation Limited, Waterbase Limited, are among the top market players operating in India Aquaculture & Marine Products Market.


South India dominates the Indian aquaculture and marine products market. With its expansive coastline, favorable climate, and advanced fishing techniques, the region offers abundant opportunities for marine farming and fish harvesting. The tropical climate allows for year-round aquaculture, ensuring a steady supply of high-quality fisheries products. South India's adoption of advanced fishing technologies and sustainable practices further enhances productivity. Overall, these factors establish South India as a leader in the Indian aquaculture and marine products market.


Increasing demand for seafood and expansion of aquaculture practices are the major drivers for the India Aquaculture & Marine Products Market.


Sakshi Bajaal

Business Consultant
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