The Indian seafood market is witnessing over production coupled with global export challenges. Premium companies are capitalising this opportunity to grow. The premium niche
with its organised players have recorded a 30% growth annually in comparison to the unorganised local seafood market that registered about 9-10% annual growth.

Domestic consumption of seafood such as shrimps, lobsters, prawns and seer fish have improved amidst the economic fallout due to dwindling global exports.

The local seafood market which is growing at about 10% annually is predominantly controlled by the unorganised players but post pandemic there is a shift in the market wherein the premium organised sector has thrived with strategies and vision that aided in a 30% annual growth.

According to Mr Shivam Gupta, director of WestCoast Fine Foods, an integrated seafood company, this is a welcome trend.
The demand for seafood in metro cities in India has increased after the scarcity during the pandemic. Seafood restaurants are thriving again as domestic consumption has increased.

The glut due to over production and falling export prices have paved way to alternate strategies that is growing slowly but steadily. This growth is predicted to increase in the coming years with the participation of organised premium players in the seafood sector.