"Market Insights: Black Barred Halfbeak Demand and Trends in India"

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Market Update: Black Barred Halfbeak in India
Date: 28-10-2024

  1. Market Demand:

    • The demand for Black Barred Halfbeak has shown steady growth in coastal regions, with increasing interest in inland cities due to rising consumer awareness.
    • Notable demand spikes have been observed in states like Maharashtra, Tamil Nadu, and Kerala, especially among restaurants specializing in exotic and unique seafood dishes.

  2. Pricing Trends:

    • Current market price ranges between INR 300-500 per kg, varying by region and quality grade.
    • Coastal areas benefit from lower prices due to proximity to sources, while cities in North and Central India see a slight markup due to transportation costs.
    • Price is expected to increase slightly during the monsoon season due to challenging fishing conditions.

  3. Supply Chain and Distribution:

    • Major suppliers are concentrated in regions like Kerala and West Bengal, where natural habitats are more abundant.
    • Efforts to streamline supply chains from coastal to inland regions have improved, reducing spoilage rates and ensuring fresher supplies to markets further inland.
    • Partnership opportunities are being explored to enhance cold-chain logistics, particularly for exports and distribution in Tier-2 cities.

  4. Consumer Preferences:

    • Health-conscious consumers are showing interest due to the high protein and low-fat content of Black Barred Halfbeak.
    • Restaurants are highlighting this fish on menus, appealing to consumers looking for unique and exotic seafood options.
    • Promotional campaigns in supermarkets and online seafood delivery platforms are increasing consumer awareness in urban areas.

  5. Regulatory Environment:

    • Fishing quotas and sustainable practices are being emphasized by local fisheries departments to preserve wild stocks.
    • Compliance with export regulations is essential for suppliers looking to expand internationally, especially in Southeast Asian and Gulf markets.

  6. Outlook:

    • The Indian market for Black Barred Halfbeak is expected to grow modestly over the next year, with opportunities in both local consumption and export.
    • Investment in sustainable harvesting practices and advanced distribution channels will likely benefit suppliers and distributors aiming to capitalize on the rising demand.

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