The Irish news and current affairs website The Irish Post has revealed that the country’s seafood industry is booming.
Its report, The Future of Seafoods, reveals that the Indian market is poised to overtake the US and China’s as the world’s leading source of seafood.
The report, commissioned by Seafood International, reveals a significant expansion in Indian exports, up from $12bn in 2012 to $22.5bn in 2020.
It also shows that the world is slowly but surely getting used to the new, high-quality, fresh seafoods from India, with the global demand for fresh seafood up 10% in 2020 compared to last year.
In addition, India’s fish stocks are at the very top of the food chain, with a total of 11.5m tonnes of salmon, 2.8m tonnes from tuna and 1.6m tonnes tuna.
Meanwhile, the number of people who fish in India has more than doubled in the past decade, to a total 3.5 billion.
More than half of these fish are caught in the country, the report found.
The Irish Times understands that India has become a key source of fresh fish for international companies, particularly the world-renowned Australian company Murray Fishers.
It is a market that is not yet fully saturated, however, as India remains the biggest exporter of fish and seafood.
India’s population of 1.2 billion is expected to increase to 2.2bn by 2020, and the country will account for nearly a quarter of the world food production by 2050, the Irish Times said.