Seafood Of India

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Canned Sardines: A Surprisingly Lucrative Bite-Sized Business Boom

Move over tuna, there’s a new king of the canned fish aisle, and it’s swimming in a wave of popularity. The humble sardine, packed with nutrients and flavor, is experiencing a surge in demand, turning the canned sardine market into a surprisingly lucrative business opportunity. According to a recent study by Future Market Insights (FMI), the global canned sardine market is expected to surpass a value of US$ 8 billion in 2024 and is projected to reach a staggering US$ 16.8 billion by 2034. That’s a growth rate of a healthy 7.50% CAGR, driven by several key factors. Fueling the Fire: Health, Convenience, and Sustainability Consumers are increasingly health-conscious, and sardines are a nutritional powerhouse. Packed with vitamins, amino acids, and calcium, they offer a convenient and affordable way to add a dose of goodness to your diet. Long coastlines in countries like India, the United States, China, and Japan have always supported a strong culture of sardine consumption. But advancements in processing and preservation techniques are making canned sardines even more appealing. Export-oriented production by countries like Portugal and Spain is another growth factor. These established players are meeting the rising global demand, with support from a new wave of social media influencers promoting the “fish in a tin” trend. Sustainability is also playing a role. As eco-conscious consumers look for responsible choices, companies are embracing sustainable practices throughout the supply chain, from sourcing to packaging. This resonates with a growing segment of the market. Market Leaders and Top Trends The smoked sardine segment is the current champion, holding an expected market share of 58.60% in 2024. When it comes to distribution channels, hypermarkets and supermarkets reign supreme, with an anticipated share of 23.50% in 2024. Regionally, the canned sardine industry in India is poised for significant growth, with a projected CAGR of 7.30% through 2034. China and Japan are close behind, with growth estimates of 6.80% and 7.60% CAGR respectively. The United States and Germany are also expected to see steady growth. The competitive landscape is heating up as companies recognize the potential of this market. Key players are investing heavily to expand their consumer base and capitalize on this opportunity. The emergence of e-commerce platforms has further boosted sales, making it easier than ever for consumers to get their sardine fix. Some of the top names in the game include Wild Planet, Crown Prince, Santo Amaro, Brunswick, Matiz, MW Polar, and Ocean Price. These companies are not just focused on sales; they’re also committed to environmentally friendly fishing practices to meet the demands of sustainability-minded consumers. A Bite of Market Insights The FMI report delves deep into the various segments of the canned sardine market, providing valuable insights for potential investors and established players alike. Here’s a taste of what you’ll find: The Future is Fishy and Bright The canned sardine market is not just a passing fad; it’s a full-blown business boom driven by a confluence of factors. With health, convenience, and sustainability at the forefront, the future looks bright for this bite-sized wonder of the sea. Whether you’re a consumer looking for a nutritious and delicious snack or an entrepreneur seeking a lucrative opportunity, the canned sardine market is definitely worth diving into.

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Indian Shrimp Industry Fights Back Against Allegations, Seeks Government Support

Indian shrimp exporters are facing accusations from a foreign lobby that their products are contaminated and produced using forced labor. This lobby is targeting the lucrative US market, where India has a 40% market share. The accusations stem from allegations by a former employee of a Kerala-based shrimp processing company, Choice Canning. The employee, a US citizen named Joshua Farinella, claimed the company was exporting shrimp with antibiotics and engaging in forced labor. These claims were amplified by activists and some US media outlets. Indian shrimp exporters vehemently deny these allegations. They have requested the government’s help in launching a global campaign to counter this negative publicity, which threatens to disrupt ₹43,000 crore of shrimp exports. In response, the Indian government convened a meeting with stakeholders from the commerce and external affairs ministries, regulatory bodies, and exporters. The exporters expressed confidence in meeting US safety standards and offered to open their facilities for inspection by independent international agencies. Government officials are confident that existing regulatory bodies like the Marine Products Export Development Authority (MPEDA) and the Food Safety and Standards Authority of India (FSSAI) are sufficient to ensure compliance. However, they have asked these agencies to be extra vigilant. India banned the use of antibiotics in aquaculture in 2002. To further address concerns, the government is encouraging exporters to focus on value addition through processing and branding before exporting to the US, a move that is believed to have rattled competitors. The Indian shrimp industry is not taking these accusations lightly. They point to a similar campaign that disrupted Thai seafood exports a decade ago. They are determined to protect their reputation and market share in the US, the world’s biggest shrimp buyer.

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New Study : India’s Seafood Consumption Projected to Double by 2048

A new study paints a promising picture for India’s seafood industry, predicting a significant rise in fish consumption within the next two and a half decades. The “Fish Consumption in India: Patterns and Trends” Study This research, conducted jointly by ICAR (Indian Council of Agricultural Research) and WorldFish, along with the International Food Policy Research Institute (IFPRI) and various Indian government bodies, sheds light on the evolving dietary habits of the nation. The study examined fish consumption trends in India from 2005 to 2021. Find the original study here: [invalid URL removed] Key Findings: Benefits and Recommendations: The study emphasizes the importance of integrating fish consumption into public health and nutritional strategies, particularly considering the valuable contribution fish offers in terms of dietary needs. Dr. Arun Padiyar, WorldFish Country Lead for India, underlines the need for “holistic and adaptable policies” to strengthen fish value chains, ensuring the sustainability of aquatic food systems and promoting better nutritional outcomes for the population. India’s Position in Global Fisheries: While India is the world’s third-largest fish producer, contributing roughly 8% of global output, and holds the second position in aquaculture production, its per capita fish consumption ranking remains relatively low at 129th among 183 countries. Looking Ahead: The positive trend indicates a promising future for Indian seafood consumption. The study predicts that if current trends continue, fish consumption in India will double by 2048, reaching an estimated 26.50 million metric tons (MT). This growth is expected to be accompanied by a rise in per capita consumption to 16.07 kg annually. Dr. J.K. Jena, Deputy Director General (Fisheries Science) of ICAR, highlights the significance of ongoing research in understanding the complex interplay between fish consumption, socio-demographic factors, and economic realities at the household level. He emphasizes the critical role fish plays in ensuring food security and combating malnutrition, underscoring its importance for the nation’s overall well-being.

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India Refutes Labor Abuse Allegations in Booming Shrimp Industry

Top Exporter Faces Scrutiny, Vows to Maintain Standards India, now the world’s leading supplier of shrimp to the US, has vehemently denied allegations of human rights and environmental abuses raised by a Chicago-based human rights group. These accusations come at a time when India’s seafood export industry, particularly shrimp, is experiencing significant growth. Dominating the US Shrimp Market In 2022-23, India’s seafood exports reached a staggering $8.09 billion (₹64,000 crore), with shrimp accounting for a substantial portion at $5.6 billion. This dominance is further solidified by India’s rising share of the US shrimp market. In just one year, India’s share surged from 21% ($1.3 billion) to a commanding 40% ($2.4 billion) in 2022-23, surpassing major competitors like Thailand, China, Vietnam, and Ecuador. Dismissing Claims and Protecting Reputation A senior Indian Commerce Ministry official dismissed a report by the Corporate Accountability Lab (CAL) as “baseless.” This report raised concerns about working conditions within Indian shrimp hatcheries, farms, and processing facilities. The official emphasized that the entire value chain for India’s shrimp exports is stringently monitored and certified by the Marine Products Export Development Authority (MPEDA), effectively eliminating opportunities for such concerns to affect overseas shipments. Furthermore, the official suggested that these allegations may be driven by “vested interests” aiming to undermine the reputation of India’s aquaculture sector and its products in international markets. Women: A Backbone of the Industry India’s shrimp industry provides vital employment opportunities, particularly in Andhra Pradesh, which holds the distinction of housing around one lakh shrimp farms and contributing to nearly 70% of the country’s total shrimp output. Women play a crucial role in this sector, comprising an estimated 70% of the workforce – from the two lakh positions in hatcheries and farms to the processing and freezing units. Upholding Standards and Addressing Concerns With the ambitious goal of scaling up seafood exports to ₹1 lakh crore by 2025-26, the Indian government is taking proactive measures. The Commerce Ministry may advise exporters to commission independent studies on working conditions within shrimp farms. This initiative aims to address concerns raised by major markets like the US and the EU and demonstrate India’s commitment to ethical practices. Additionally, the Ministry has requested that the Andhra Pradesh government investigate the specific allegations outlined in the CAL report, which highlight the potential existence of “dangerous and abusive conditions” for workers. The Marine Products Export Development Authority (MPEDA) further emphasized that the CAL report unfairly presents isolated instances without thorough verification. They maintain that such selective reporting attempts to generalize practices across the entirety of India’s shrimp farming and processing sector. MPEDA officials reiterated India’s adherence to international regulations. Regular monitoring by Indian regulatory agencies, coupled with audits conducted by inspectors from the USFDA, European Commission, and the GAC of China, ensures compliance with international standards throughout the shrimp value chain. India’s booming shrimp industry faces a critical test in the wake of these allegations. The government’s commitment to upholding ethical practices and addressing concerns, along with independent studies and cooperation with state governments, will be crucial in maintaining its position as a leading global supplier of shrimp.

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India Aims to Double Seafood Exports in Two Years, Debunking Safety Concerns

A senior Indian government official has outlined ambitious plans to significantly boost the country’s seafood export industry. The goal is to reach Rs 1 lakh crore (approximately $12.5 billion) within the next two years. This strategy hinges on increasing processing capacity and transitioning to higher value-added seafood products. The official, who declined to be named due to pre-election restrictions, emphasized the robust regulatory and safety regime governing Indian shrimp exports. This system ensures the quality of marine products shipped to developed regions like the US and Europe. 548 seafood processing units in India undergo regular inspections and monitoring by various government agencies. Debunking Safety Concerns The official strongly refuted recent reports alleging poor working conditions and safety standards within the Indian shrimp industry. These claims were deemed “wrong and baseless.” They further clarified that all processing units are registered with relevant authorities like MPEDA (Marine Products Export Development Authority), FSSAI (Food Safety and Standards Authority of India), and EIC (Export Inspection Council). Additionally, these units are subject to audits by international agencies like the US FDA and the European Commission, guaranteeing adherence to global standards. Strict Regulations and Monitoring India prioritizes food safety throughout the production and processing chain. The official highlighted the implementation of a HACCP (Hazard Analysis and Critical Control Point) based system in pre-processing and processing units, aligning with US regulations. Furthermore, the use of pharmacologically active substances in aquaculture has been banned since 2002. A comprehensive national framework safeguards against food safety hazards. This includes the National Residue Control Plan, ELISA screening labs, in-house labs, and pre-export checks. These measures ensure that antibiotic residues and other potential risks are eliminated from the product value chain, protecting consumer health. Building on a Strong Foundation India recently achieved record-breaking seafood exports in 2022-23, with a volume of 17.35 lakh tonnes valued at Rs 63,969.14 crore (USD 8.09 billion). Frozen shrimp remains the dominant export item, with the US and China being the primary importers. While exports dipped slightly in the initial months of the current fiscal year, the US continues to be the biggest market for Indian shrimp, accounting for 40% of the market share. Capturing Higher Value A significant portion of Indian shrimp destined for the US is currently processed in Latin American nations. The government aims to capture this value addition by establishing stronger domestic processing capabilities. This shift will not only generate higher export revenue but also create new opportunities within India. The Road Ahead With a focus on robust regulations, value-added products, and increased processing capacity, India’s plan to double its seafood exports in two years holds significant promise. This strategy could not only strengthen the economy but also empower local communities, particularly those heavily reliant on shrimp farming.

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Shrimp Concerns Shift From Thailand to India: Ethical and Sustainable Sourcing in Focus

The global appetite for shrimp has created a complex issue – balancing affordability with ethical and sustainable practices. While Thailand was once the poster child for these concerns, a new report by the Corporate Accountability Lab (CAL) shines a light on the rise of India’s shrimp industry and the potential issues it presents. India’s Rise and Mirrored Problems: India’s shrimp industry is a recent phenomenon, fueled by the introduction of whiteleg shrimp in 2009. This surge has come at a cost, mirroring the problems that plagued Thailand. CAL’s report, “Hidden Harvest,” reveals potential labor abuses, environmental damage, and the limitations of current certification programs. Labor Abuses a Recurring Theme: The report highlights concerning labor practices in India’s shrimp sector. Long hours, low wages, and unsafe working conditions are common. The system of outsourcing processing to small, unregistered facilities raises red flags for forced labor and exploitation, particularly of vulnerable populations. Environmental Impact a Growing Concern: Modern aquaculture can have significant environmental consequences. India’s shrimp industry is no exception. The construction of shrimp ponds has led to widespread mangrove destruction, impacting biodiversity and coastal protection. Additionally, runoff from these farms contaminates water sources and contributes to antibiotic resistance. Third-Party Certifications Under Scrutiny: The report questions the effectiveness of current third-party certification programs like Best Aquaculture Practices (BAP) and the Aquaculture Stewardship Council (ASC). CAL suggests these certifications might not be adequately detecting or preventing abuses. A Call for Change: The report proposes a multi-pronged approach to address these issues. Major seafood buyers, including retailers and restaurants, need to re-evaluate their sourcing practices. Direct employment of workers with proper documentation and fair wages is crucial. Collaboration with worker-led organizations and enforceable agreements guaranteeing fair treatment are vital steps. Government Action Needed: Governments also have a role to play. India needs to enforce existing labor laws and strengthen regulations to effectively monitor the industry. The U.S. government can play a part by initiating trade investigations and strengthening traceability programs. Additionally, including Indian shrimp on the Department of Labor’s list of goods produced with forced labor would put pressure on the industry to clean up its act. The Future of Sustainable Shrimp: The race to the bottom for cheap shrimp is unsustainable. Consumers and industry players alike need to prioritize ethical and sustainable sourcing practices. Transparency, accountability, and collaboration throughout the supply chain are essential to ensure that the shrimp we enjoy comes at a fair price, not a human or environmental cost.

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Global Seafood Alliance Responds to Media Reports of BAP Standard Violations in India’s Shrimp Industry

March 26, 2024: Letter from GSA CEO Wally Stevens on India Shrimp Situation Speaking for everyone at the Global Seafood Alliance who dedicates their passion and experience to bring about positive change in the seafood industry, the recent reports of worker abuses in India’s shrimp supply chain are upsetting. A vision that we share – one of an industry acting responsibly with regards to its environmental impacts, food safety practices and social accountability – is why many of us chose to work for GSA. It’s also why it hurts so badly for many of us when the results of our efforts are called into question. My message to the seafood industry today is the same as it is to our employees: Be proud of the work that’s been done and be ready for the work that’s to come. Third-party certification is not an “unmitigated failure, hard stop,” as some claimed last week. There is no question that the global seafood industry is in a better place because of the influence of certification schemes like Best Aquaculture Practices. To call for an end to such an important mechanism is a shortsighted response. While third-party certification is a meaningful tool for supply chain managers to have greater insights into the types of operations that they source product from, it does have its limitations. Certification, however, was never going to be a miracle cure or a “golden shield” for all that ails us. It remains an effective device for buyers to vet their supply chains and a powerful incentive for aspirational producers everywhere. When GSA speaks about the need for continual improvement, we don’t only mean the work of seafood producers vying for certification – we hold ourselves to that standard as well. GSA is investigating internal processes, and we are committed to enhancing our standards, wherever and however necessary, and strengthening enforcement efforts wherever possible. When you disengage from a problem you cede your position to help solve it. GSA will not abandon its vision or its responsibilities in any area of the world where this kind of work is sorely needed simply because the challenge is too great. Sincerely, Wally Stevens, CEO March 21, 2024: GSA Issues Initial Response to Reports of BAP Standard Violations in India The Global Seafood Alliance is aware of and actively investigating recent allegations being made against shrimp producers in India, including those holding Best Aquaculture Practices (BAP) certificates. “We are committed to our mission of promoting responsible practices in the seafood supply chain and take these matters seriously,” said Wally Stevens, the CEO of GSA. “BAP requires all certified seafood production facilities – aquaculture farms, hatcheries, feed mills and processing plants – to strictly adhere to robust social accountability, food safety, environmental responsibility, and animal welfare aspects of our global certification standards. Facilities found to have violated BAP standards will have their certifications suspended and potentially revoked.” Credible evidence of a BAP standard violation initiates an investigation, and the procedure is managed by the GSA Program Integrity department with the involvement of specialized and impartial third-party investigators. This process is currently under way to explore the validity of alleged violations that were reported this week by the Associated Press, The Outlaw Ocean Project, and the Corporate Accountability Lab, and to strengthen procedures to help prevent future violations. The organization stands behind the integrity of its standards and feels that these requirements have meaningful positive impacts, and is constantly evaluating the depth and breadth of its certification portfolio. GSA welcomes collaboration with other organizations to not only review the allegations in India, but to also develop and implement improvements for certification processes. BAP standards are maintained under a rigorous internationally recognized process that includes an expert technical committee for standard development, a 60-day public comment period where all comments are reviewed and addressed, and approval by a 12- to 15-member Standards Oversight Committee consisting of one-third academia, one-third industry, and one-third NGO experts. Additional detailed information about the BAP standards can be found here. Assessments are conducted by accredited third-party certification bodies at least once per year. Facilities must meet all standard criteria and correct all non-conformities before certification is granted. GSA monitors FDA import alerts and news reports and investigates all complaints and allegations to safeguard that auditors, certification bodies, and facilities adhere to program requirements. Severe non-conformities and those that are not resolved within a specified timeframe result in suspension from the BAP program. GSA and its standards have developed over time to address a variety of issues and areas for improvement. The organization is committed to its mission to advance responsible seafood practices through education, advocacy, and third-party assurances that the world’s leading retailers, foodservice operators, and all seafood consumers deserve.

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New Course by ICAR-CIBA and ICAR-CIFE, Equips Professionals for Risk Management in India’s Shrimp Industry

The Indian Council of Agricultural Research (ICAR) is taking a step forward in risk management for the country’s growing shrimp farming industry. Through its institutions, the Central Institute of Brackishwater Aquaculture (CIBA) and the Central Institute of Fisheries Education (CIFE), ICAR has launched a new “Certificate Course on Shrimp Crop Insurance & Loss Assessment.” India’s Rise in Shrimp Farming: With a vast coastline and a focus on export markets, India has seen a significant rise in shrimp farming since the 1970s. However, this lucrative venture also carries inherent risks. The new course aims to equip professionals with the knowledge and skills necessary to mitigate those risks. Course Objectives: The program offers participants a comprehensive understanding of: By delving into risk assessment, documentation, and claims management, the course empowers participants to navigate the complexities of insuring shrimp crops effectively. Who Should Attend? This comprehensive program is designed for a diverse audience, including: Focus on Collaboration and Knowledge Sharing: The course prioritizes industry collaboration and knowledge dissemination. While open to all on a first-come, first-served basis, priority will be given to candidates nominated and sponsored by industry and government entities. Limited Enrollment and Application Process: With a maximum of 30 participants, interested individuals are encouraged to apply early. The application process involves completing a form and submitting payment details. This new course from ICAR-CIBA and ICAR-CIFE provides a valuable opportunity for professionals to gain the expertise needed to manage risks and ensure the continued growth of India’s shrimp farming industry.

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