India: A Leading Contender in the Global Seafood Trade
India has a diverse seafood export portfolio, meeting various market demands with a range of products. In the 2023-24 period, frozen prawns were the most popular item, accounting for a significant 66% of total seafood exports. This is largely due to their strong demand in key markets such as the US, EU, and China. Aside from frozen shrimp, India supplies a variety of other seafood products to the global market, including frozen fish, shrimp, frozen octopus, canned goods, and frozen lobster. Frozen fish, in particular, has seen a substantial increase in export volume, now accounting for 21% of the total quantity and 8.5% of the total value of seafood exports from India. This diversification of exports helps India mitigate risks and adapt to the diverse needs of international markets. The country’s seafood industry is renowned for its superior quality, a result of strict quality control procedures and adherence to global guidelines. Additionally, the growing adoption of sustainable ...