India Canned Herring Market Synopsis
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.
Market Drivers
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.
Challenges of the Market
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.
Key Players in the Market
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
Key Highlights of the Report:
- India Canned Herring Market Outlook
- Market Size of India Canned Herring Market, 2024
- Forecast of India Canned Herring Market, 2031
- Historical Data and Forecast of India Canned Herring Revenues & Volume for the Period 2021-2031
- India Canned Herring Market Trend Evolution
- India Canned Herring Market Drivers and Challenges
- India Canned Herring Price Trends
- India Canned Herring Porter's Five Forces
- India Canned Herring Industry Life Cycle
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Tomato Sauce for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Hot Sauce for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Mustard Sauce for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Smoked for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Other for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Supermarkets and Hypermarkets for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Convenience Stores for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Online Retailers for the Period 2021-2031
- Historical Data and Forecast of India Canned Herring Market Revenues & Volume By Others for the Period 2021-2031
- India Canned Herring Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- India Canned Herring Top Companies Market Share
- India Canned Herring Competitive Benchmarking By Technical and Operational Parameters
- India Canned Herring Company Profiles
- India Canned Herring Key Strategic Recommendations