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

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,

US Imposes Potential Countervailing Duties on Shrimp Imports from Ecuador, India, and Vietnam

The US shrimp industry has received a boost as the Department of Commerce (DOC) announced preliminary countervailing duties on shrimp imports from Ecuador, India, and Vietnam. These duties are meant to offset any unfair advantage these countries might have gained from government subsidies. The Findings: The DOC determined that shrimp

Shrimp Sinking: What’s Causing the Industry Downturn?

The shrimp industry holds a significant position in India’s total seafood basket. In FY23, the country’s seafood exports amounted to $8 billion, with frozen shrimps commanding a whopping 70 per cent share of this total. However, the industry has weathered rough times of late. From losing its crown as the

India Casts its Net Wider: Budget Boosts Booming Aquaculture Industry

India’s vast coastline and thriving seafood industry have long been an anchor of the nation’s economy. Now, with a focus on boosting aquaculture and exports, the recent budget has cast a wider net, promising calmer waters and a brighter future for the sector. A Thriving Catch: India’s Aquaculture Prowess As

Indian Seafood Giant Captain Fresh Prepares to Reel in Europe and America: Salmon Processor and Shrimp Importer Acquisitions on the Hook

Forget whale watching, the Indian seafood industry is preparing to make some serious waves of its own. Venture capital-backed Captain Fresh, a rising star in the sector, is casting its net across two continents, with potential acquisitions of a European salmon processing plant and a US shrimp importer simmering. Europe’s

From Humble Fillet to Culinary Star: Unveiling the Wonders of Indian Surimi

Imagine a seafood haven where affordability and sustainability dance hand-in-hand, where texture mimics the ocean’s bounty and versatility knows no bounds. This isn’t a mythical Atlantis, but the captivating reality of Indian Surimi seafood, a revolutionary force transforming the industry. Surimi, the Japanese term for “minced meat,” is no mere

Rupee Hits Record Low, But Exporters Remain Unfazed

The Indian rupee has been on a downward spiral in recent months, hitting record lows against the US dollar. However, despite this seemingly favorable development for exporters, many in the industry are not celebrating. Why Aren’t Exporters Cheering? There are a number of reasons why exporters are not feeling the

Can Shrimp Ride the Avocado Wave? Exploring the Potential of a Targeted Marketing Campaign

For decades, avocados have enjoyed a meteoric rise in popularity, transforming from a niche fruit to a ubiquitous symbol of healthy living and culinary delight. But can shrimp, a staple in many cultures and a valuable economic resource, replicate this success story? This question lies at the heart of a

Market Research on Value-Added Seafood Exports from India to the US (2020-2025)

Executive Summary: This report explores the current state and future prospects of India’s value-added seafood exports to the US market, covering the period 2020-2025. It analyzes key trends, challenges, and opportunities in this dynamic market, providing valuable insights for stakeholders across the seafood value chain. 1. Market Size and Trends:

Market Research on Shrimp Exports from India to the US (2020-2025)

Executive Summary: The Indian shrimp export market to the US has witnessed steady growth over the past five years, driven by factors such as rising demand for seafood in the US, competitive pricing of Indian shrimp, and trade agreements between the two countries. This report examines the market trends, challenges,

India’s Seafood Export Target for FY24: Unlikely to Be Met

India’s seafood export target for FY24 is unlikely to be met due to several factors, including tepid buying from key markets such as the US, China, Japan, and Europe. Additionally, there is weak demand for peeled frozen products in the US retail market. Exporters do not see any substantial improvement

PMMSY: Transforming the Indian Fisheries Sector

A Big Leap for Indian Fisheries In 2020, the Indian fisheries sector was poised for a major transformation, thanks to the reforms initiated by Prime Minister Narendra Modi. Recognizing the immense potential of the Blue Economy, Modi launched a series of initiatives to systematically develop the sector, including the creation

Bengaluru’s Ornamental Fisheries Market Flourishes with Rs 100 Crore Monthly Revenue

Bengaluru’s ornamental fisheries market is experiencing a robust surge, contributing to an impressive monthly revenue of approximately Rs 100 crore, as revealed by the Fisheries Research and Information Centre. Dr. Chethan N, a Fisheries Scientist at Karnataka Animal and Fisheries Sciences University (KAFSU), noted a significant 15-20 percent growth in

India’s Shrimp Exports Maintain Strong Momentum in Q3 2023

India's shrimp export sector continues to defy expectations, registering a 6% increase in Q3 2023 compared to the same period in 2022. Strong demand from key markets, coupled with enhanced quality and sustainability measures, has fueled this growth.