India Frozen Prawns Market Outlook, 2020

  • ID: 4401809
  • Report
  • Region: India
  • 98 Pages
  • Bonafide Research
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until Sep 30th 2018
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Seafood Market is Growing With a CAGR of Close to 7% Over the Last Three Years

FEATURED COMPANIES

  • Apex Frozen Food Limited
  • Innovative Foods Limited
  • ITC Limited
  • MORE
India exports a large amount of marine products to various countries. During the financial year 2016-17, exports of marine products reached all-time high and recorded a growth of 24.49% in rupee earnings, as compared to the previous year. However, barely 5% of India's seafood exports are in the processed form; most exports are in the form of frozen seafood. Approximately, half of the seafood revenue comes from the export market and the rest from domestic. The tastes and habits of the consumers in India are changing, especially in seafood. Previously, seafood was majorly consumed in the coastal regions of India. However, it is now becoming popular across all the regions, even in interior. This scenario gives indication of the better growth of domestic seafood industry. The young generation prefers ready to cook and ready to eat seafood due to its cooking convenience. Thus, customers have started accepting seafood products like fish, prawns, etc. in the frozen form due to its good quality and availability throughout the year. However, per capita consumption in India still remains extremely low as compared to other countries.

According to "India Frozen Prawns Market Outlook, 2020", frozen prawns maintained its position as the top item of export, accounting for 38.28% of the total seafood exports by volume in 2016-17. In the packaged frozen prawn's category, less than 2% of the revenues come from domestic market. However with the rising consumption of frozen prawns in India, the domestic market is expected to grow robustly in the coming three years. India frozen prawns market consists of players like West Coast Fine Foods (Cambay tiger), Al Kabeer, Apex Frozen Food, Avanti Frozen Food, Forstar, Gadre Marine Export, IFB Agro, Innovative Foods and ITC Limited. There are two end users for the domestic market viz. Retail and Horeca. Frozen prawns come in four types of size like small, medium, large and jumbo. Small frozen prawns are popular in the domestic market due to their high demand in retail as well as Horeca segments.

In terms of production of prawns, Andhra Pradesh tops the chart followed by West Bengal and Tamil Nadu. The Government of India has focussed on various policy initiatives in infrastructure and tax system including cold chain industry and frozen seafood exports. A lot of government initiatives have led to a drastic improvement in the supply chain network and cold chain facilities in India. After the implementation of GST, frozen seafood's have been quoted under 5% tax slab. With the government relaxing custom duties on machinery and transport equipment that is associated with frozen seafood, the cost of supply chain operation would come down and this will in turn invite more national and international brands to enter various products categories. Since the industry is still in its nascent stages, frozen prawns are expected to lead the growth in constant values sales over the forecast period.

The report gives an in-depth understanding of frozen prawns market in India:
  • Global Seafood Market Outlook
  • India Seafood Market Outlook
  • India Seafood Market Size By Value & Forecast
  • India Seafood Export Market Size By Value
  • India Seafood Export Market Size By Volume
  • India Seafood Export Market Share By Country By Volume
  • India Seafood Production By Volume
  • India Fresh Prawns Market Size By Value & Forecast
  • India Fresh Prawns Market Size By Volume & Forecast
  • India Frozen Prawns Market Size By Value & Forecast
  • India Frozen Prawns Market Size By Volume & Forecast
  • India Domestic Frozen Prawns Market Size By Value & Forecast
  • India Domestic Frozen Prawns Market Size By Volume & Forecast
  • India Domestic Frozen Prawns Market Segmental Analysis: By Company, By Region, By End User, By Size of Prawns, By Prawns Type, By Packaging Type
  • Product Price & Variant Analysis
  • Potential By States (High Demand vs. Low Demand)
  • List of Companies with their Focus Area
  • The key vendors in this market space
  • Competitive Landscape & Strategic Recommendations
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of seafood and frozen prawns in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Apex Frozen Food Limited
  • Innovative Foods Limited
  • ITC Limited
  • MORE
1. Executive Summary
2. Global Seafood Market Outlook
3. India Seafood Market Outlook
3.1. Market Size By Value
3.2. Export Scenario
3.2.1. By Value
3.2.2. By Volume
3.2.3. By Country By Volume
3.3. Production
4. India Fresh Prawns Market Outlook
4.1. Markey Size By Value
4.2. Market Size By Volume
5. India Frozen Prawns Market Outlook
5.1. Markey Size By Value
5.2. Market Size By Volume
5.3. Domestic Frozen Prawns Market
5.3.1. Markey Size
5.3.1.1. By Value
5.3.1.2. By Volume
5.3.2. Market Share
5.3.2.1. By Company
5.3.2.2. By Region
5.3.2.3. By End User
5.3.2.4. By Size of Prawns
5.3.2.5. By Prawns Type
5.3.2.6. By Packaging Type
5.4. Product Price & Variant Analysis
5.5. Potential By States (High Demand vs. Low Demand)
5.6. List of Companies with their Focus Area
5.7. Revenue Composition of Major Domestic Players
6. Trade Dynamics
6.1. Import of Frozen Prawns
6.1.1. By Value
6.1.2. By Volume
6.1.3. By Country By Volume
6.2. Export of Frozen Prawns
6.2.1. By Value
6.2.2. By Volume
6.2.3. By Country By Volume
7. India Economic Snapshot
8. Overview of Cold Chain Industry
9. PEST Analysis
10. Policy and Regulatory Landscape
11. India Frozen Prawns Market Dynamics
11.1. Key Drivers
11.2. Key Challenges
12. Market Trends and Developments
12.1. Spreading Out of Modern Retail Formats
12.2. Young Population Seeking Convenience and Novelty
12.3. Increasing Demand of Seafood in HoReCa Segment
12.4. Rising Consumer Preferences for Frozen Non-Vegetarian Products
12.5. Major Non-vegetarian Population in India
13. Competitive Landscape
13.1. Porter's Five Forces
13.2. Company Profiles
13.2.1. Al Kabeer Exports Private Limited
13.2.2. Apex Frozen Food Limited
13.2.3. Avanti Frozen Food Private Limited
13.2.4. Britto Seafood Exports Private Limited
13.2.5. Forstar Frozen Food Private Limited
13.2.6. Gadre Marine Export Private Limited
13.2.7. IFB Agro Industries Limited
13.2.8. Innovative Foods Limited
13.2.9. ITC Limited
13.2.10. West Coast Fine Foods (India) Private Limited
14. Strategic Recommendations
15. Disclaimer

List of Figures
Figure-1: Overall Global Production of Seafood - By Volume 2011 to 2015 (Quantity in Million MT)
Figure-2: India Seafood Market Size & Forecast - By Value 2014-15 to 2019-202F (INR Crore)
Figure-3: Export of Seafood from India - By Value 2010-11 to 2016-17 (INR Crore)
Figure-4: Export of Seafood from India - By Volume 2010-11 to 2016-17 (Quantity in '000 Ton)
Figure-5: Export of Seafood from India - By Country By Volume Share 2015-16 & 2016-17
Figure-6: Production of Seafood in India - By Volume 2011 to 2015 (Quantity in Million MT)
Figure-7: India Fresh Prawns Market Size & Forecast - By Value 2014-15 to 2019-20F (INR Crore)
Figure-8: India Fresh Prawns Market Size & Forecast - By Volume 2014-15 to 2019-20F (Quantity in Thousand Tons)
Figure-9: India Frozen Prawns Market Size & Forecast - By Value 2014-15 to 2019-20F (INR Crore)
Figure-10: India Frozen Prawns Market Size & Forecast - By Volume 2014-15 to 2019-20F (Thousand Metric Tonne)
Figure-11: India Domestic Frozen Prawns Market Size & Forecast - By Value 2014-15 to 2019-20F (INR Crore)
Figure-12: India Domestic Frozen Prawns Market Size & Forecast - By Volume 2014-15 to 2019-20F (Metric Tonne)
Figure-13: India Domestic Frozen Prawns Market Share - By Company 2016-17
Figure-14: India Domestic Frozen Prawns Market Share - By Region 2016-17
Figure-15: India Domestic Frozen Prawns Market Share - By End User 2016-17
Figure-16: India Domestic Frozen Prawns Market Share - By Size of Prawns 2016-17
Figure-17: India Domestic Frozen Prawns Market Share - By Prawns Type 2016-17
Figure-18: India Domestic Frozen Prawns Market Share - By Packaging Type 2016-17
Figure-19: Potential By States of Frozen Prawns in India (High Demand vs. Low Demand)
Figure-20: Import of Frozen Prawns in India - By Value 2013-14 to 2016-17 (INR Lacs)
Figure-21: Import of Frozen Prawns in India - By Volume 2013-14 to 2016-17 (Quantity in Metric Tonne)
Figure-22: Import of Frozen Prawns in India - By Country By Volume Share 2016-17
Figure-23: Export of Frozen Prawns from India - By Value 2010-11 to 2016-17 (INR Crore)
Figure-24: Export of Frozen Prawns from India - By Volume 2010-11 to 2016-17 (Thousand Ton)
Figure-25: Export of Frozen Prawns from India - By Country By Volume Share 2016-17
Figure-26: Porter's Five Forces Meter of Frozen Prawns Industry in India

List of Tables
Table-1: List of Commercially Important Species of India - Peak Season & Distribution
Table-2: Product Price & Variant Analysis of Top Players 2017
Table-3: Product Price & Variant Analysis of Other Players 2017
Table-4: Top Companies with their State Level Focus
Table-5: Revenue Composition of Major Domestic Players - 2015-16 & 2014-15
Table-6: Description and Tariff Head Details for Frozen Prawns in India 2017
Table-7: Import Duty Structure for Frozen Prawns in India 2017
Table-8: India Economic Profile - 2015
Table-9: Key Facts of Al Kabeer Exports Private Limited
Table-10: Key Facts of Apex Frozen Food Limited
Table-11: Key Facts of Avanti Frozen Food Private Limited
Table-12: Key Facts of Britto Seafood Exports Private Limited
Table-13: Key Facts of Forstar Frozen Food Private Limited
Table-14: Key Facts of Gadre Marine Export Private Limited
Table-15: Key Facts of IFB Agro Industries Limited
Table-16: Key Facts of Innovative Foods Limited
Table-17: Key Facts of ITC Limited
Table-18: Key Facts of West Coast Fine Foods (India) Private Limited
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  • Al Kabeer Exports Private Limited
  • Apex Frozen Food Limited
  • Avanti Frozen Food Private Limited
  • Britto Seafood Exports Private Limited
  • Forstar Frozen Food Private Limited
  • Gadre Marine Export Private Limited
  • IFB Agro Industries Limited
  • Innovative Foods Limited
  • ITC Limited
  • West Coast Fine Foods (India) Private Limited
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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