India Frozen Prawn Exports Reached All-Time High, According to Discounted Report by Bonafide Research Available at MarketPublishers.com28 Nov 2017 • by Natalie Aster
LONDON – Being a prominent exporter of marine products, India reached an all-time high during the financial year 2016-2017. Its marine product exports achieved 24.5% growth year over year.
Around 5% of the country’s seafood exports come in the processed form, while the frozen food forms the majority of exports.
Coastal regions of the country are now losing their position of the major seafood consumer, as other regions have started consuming the increasing amount of marine products.
Ready-to-cook and ready-to-eat seafood is particularly popular among the young generation. So, such seafood products like prawns, fish, etc. in the frozen food are gaining prominence.
Frozen prawns are the most frequently exported item, with its share almost reaching 40% of the total seafood exports in terms of volume.
Almost all exports in the packaged frozen prawn's category are generated by overseas markets. At present, just 2% of these revenues come from the domestic market. Yet, the rising consumption of frozen prawns in the country is expected to ignite the domestic revenue stream in the forthcoming years. AL Kabeer, Avanti Frozen Food, IFB Agro, and Forstar are some of the top players active in the Indian market.
Government’s policy initiatives have lead to the drastic improvement in the supply chain network in the country and cold chain facilities in India.
Discounted research report “India Frozen Prawns Market Overview, 2017-2020” developed by Bonafide Research offers a comprehensive discussion of India’s frozen prawns marketplace. The study offers an all-round overview of Indian seafood, fresh prawn, and frozen food markets.
It sheds light on value and volume of the domestic frozen prawn market and estimates market shares of major companies. The report profiles market majors and predicts future development trends through 2020.
More discounted and new research studies by Bonafide Research can be found at its page.