+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

India Frozen Prawns Market Outlook, 2022

  • ID: 4912332
  • Report
  • October 2019
  • Region: India
  • 105 Pages
  • Bonafide Research
1 of 3
During the Financial Year 2017-18 Exports of Marine Products Reached All-Time High and Recorded a Growth of 19.11%

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 2017-18, exports of marine products reached all-time high and recorded a growth of 19.11% 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, 2022, frozen prawns maintained its position as the top item of export, accounting for 41.00% of the total seafood exports by volume in 2017-18. 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 discusses the following aspects of frozen prawns in India:
How it will help solving your strategic decision making process?

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.
Note: Product cover images may vary from those shown
2 of 3

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
3.3. Production

4. India Prawns Market Outlook

5. India Fresh Prawns Market Outlook
5.1. Markey Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Production

6. India Frozen Prawns Market Outlook
6.1. Markey Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Domestic Frozen Prawns Market
6.2.1. Markey Size
6.2.1.1. By Value
6.2.1.2. By Volume
6.2.2. Market Share
6.2.2.1. By Company
6.2.2.2. By Region
6.2.2.3. By End User
6.2.2.4. By Size of Prawns
6.2.2.5. By Prawns Type
6.2.2.6. By Packaging Type
6.3. Product Price & Variant Analysis of Top Players
6.4. Potential By States (High Demand vs. Low Demand)
6.5. List of Companies with their Focus Area
6.6. Revenue Composition of Major Domestic Players

7. Trade Dynamics
7.1. Import of Frozen Prawns
7.1.1. By Value
7.1.2. By Volume
7.1.3. By Country By Volume
7.2. Export of Frozen Prawns
7.2.1. By Value
7.2.2. By Volume
7.2.3. By Country By Volume

8. India Economic Snapshot

9. Overview of Cold Chain Industry

10. PEST Analysis

11. Policy and Regulatory Landscape

12. India Frozen Prawns Market Dynamics
12.1. Key Drivers
12.2. Key Challenges

13. Market Trends and Developments
13.1. Spreading Out of Modern Retail Formats
13.2. Young Population Seeking Convenience and Novelty
13.3. Increasing Demand of Seafood in HoReCa Segment
13.4. Rising Consumer Preferences for Frozen Non-Vegetarian Products
13.5. Major Non-vegetarian Population in India

14. Competitive Landscape
14.1. Porter's Five Forces
14.2. Company Profiles
14.2.1. Al Kabeer Exports Private Limited
14.2.2. Apex Frozen Food Limited
14.2.3. Avanti Frozen Food Private Limited
14.2.4. Britto Seafood Exports Private Limited
14.2.5. Forstar Frozen Food Private Limited
14.2.6. Gadre Marine Export Private Limited
14.2.7. IFB Agro Industries Limited
14.2.8. Innovative Foods Limited
14.2.9. ITC Limited
14.2.10. West Coast Fine Foods (India) Private Limited

15. Strategic Recommendations

16. Disclaimer

List of Figures
Figure 1: Overall Global Production of Seafood - By Volume 2011 to 2022F (Million MT)
Figure 2: Overall Global & Asia Production of Seafood By Fishing Area - By Volume, 2017
Figure 3: India Seafood Market Size & Forecast - By Value 2014-15 to 2021-2022F (INR Crore)
Figure 4: Overall Export of Marine Products/ Seafood from India- By Value 2011-12 to 2021-22F (INR Crore)
Figure 5: Overall Export of Marine Products/ Seafood from India- By Volume 2011-12 to 2021-22F (Thousand MT)
Figure 6: Export of Marine Products/ Seafood From India - By Country, By Value 2017-18
Figure 7: Export of Marine Products/ Seafood From India - By Country, By Volume
Figure 8: Production of Seafood in India - By Volume 2011 to 2017 (Thousand MT)
Figure 9: India Fresh Prawns Market Size & Forecast - By Value 2014-15 to 2021-22F (INR Crore)
Figure 10: India Fresh Prawns Market Size & Forecast - By Volume 2014-15 to 2021-22F (Thousand Tons)
Figure 11: Production of Seafood in India - By Volume 2014-15 to 2017-18 (Thousand MT)
Figure 12: India Frozen Prawns Market Size & Forecast – By Value 2014-15 to 2019-20F (INR Crore)
Figure 13: India Domestic Frozen Prawns Market Size & Forecast – By Value 2014-15 to 2019-20F (INR Crore)
Figure 14: India Frozen Prawns Market Size & Forecast – By Volume 2014-15 to 2019-20F (Thousand MT)
Figure 15: India Domestic Frozen Prawns Market Size & Forecast – By Volume 2014-15 to 2021-22F (Thousand MT)
Figure 16: India Frozen Prawns Market Share – By Company 2016-17 and 2017-18
Figure 17: India Frozen Prawns Market Share – By Region 2017-18
Figure 18: India Frozen Prawns Market Share – By End User 2017-18
Figure 19: India Frozen Prawns Market Share – By Types Prawns 2017-18
Figure 20: India Frozen Prawns Market Share – By Prawns Type 2017-18
Figure 21: India Frozen Prawns Market Share – By Packaging Type 2017-18
Figure 22: Potential By States of Frozen Prawns in India
Figure 23: Import of Frozen Prawns in India - By Value 2010-11 to 2021-22 (Crore)
Figure 24: Import of Frozen Prawns in India - By Volume 2010-11 to 2021-22 (MT)
Figure 25: Import of Frozen Prawns in India - By Country,
Figure 26: Export of Frozen Prawns From India - By Value 2010-11 to 2021-22F (INR Crore)
Figure 27: Export of Frozen Prawns From India - By Volume
Figure 28: Export of Frozen Prawns From India - By Country
Figure 29: Porter's Five Forces Meter of Frozen Food Industry

List of Tables
Table 1: List of Commercially Important Species of India- Peak Season & Distribution
Table 2: Global Production of Seafood By Volume, By Continent 2011-2017
Table 3: Key Highlights of India Prawns Market By Value & Volume
Table 4: State Wise Shrimp Prawns Production in India 2017-18
Table 5: Product Price & Variant Analysis of Top Players 2018
Table 6: Product Price & Variant Analysis of Other Players 2018
Table 7: Top Companies With Their State Level Focus
Table 8: Revenue Composition of Major Domestic Players
Table 9: Description and Tariff Head Details for Frozen Prawns in India 2018
Table 10: Import Duty Structure for Frozen Prawns in India 2018
Table 11: India Economic Profile – 2015 to 2018
Table 12: Key Facts of IFB Agro Industries Limited
Table 13: Key Facts of Innovative Foods Limited
Table 14: Key Facts of Innovative Foods Limited
Table 15: Key Facts of Gadre Marine Export Private Limited
Table 16: Key Facts of Al Kabeer Exports Private Limited
Table 17: Key Facts of Forstar Frozen Food private Limited
Table 18: Key Facts of Apex Frozen Foods Limited
Table 19: Key Facts of ITC Limited
Table 20: Key Facts of Avanti Frozen Food Private Limited
Table 21: Key Facts of Britto Seafood Export private Limited
Note: Product cover images may vary from those shown
3 of 3

Loading
LOADING...

4 of 3
  • 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
Adroll
adroll