| Product Code: ETC092203 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Indiacanned herring marketis expected to register a CAGR of 8.6% during the forecast period. The factors such as growing awareness concerning the health benefits associated with herring consumption and rise in disposable incomes are positively influencing the growth of canned herring market in India. Moreover, supporting government initiatives towards promoting marine fisheries sector such as Marine Products Export Development Authority (MPEDA) are expected to increase the availability of processed seafood products including canned herrings which will further propel its demand over the forecast period.
India canned herring market is expected to witness a steady growth in the coming years, primarily due to increasing demand for nutritious and healthy food products among consumers. Growing health awareness and rising disposable incomes are likely to drive the demand of canned herrings in India. Moreover, convenience associated with one-time usage of can packaging coupled with easy availability of different flavours will further contribute to the overall market expansion. Additionally, continuous product innovations by manufacturers along with promotional activities would act as potential drivers for the industry over forecast period.
However, high cost associated with these products may hamper their consumption as they are considered premium goods due to their superior quality when compared to fresh or frozen fishes available in local markets. Moreover stringent regulations by FDA on processed seafood might reduce its availability and affect overall production volumes limiting market growth potential during the forecast period.
Some key players operating in this space include Greenfield Foods Pvt Ltd., Trident Seafoods Corporation (USA), France Herrings Incorporated (Japan), Mulwarra Export Pty Ltd., Bumble Bee Foods LLC (US) etc
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