Project report for Canned fish

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Introduction

The fisheries are considered as " Sunrise Sector ". In India so may people work under the canned fish manufacturing sector. Now a days canned fishes are gaining popular among semi - urban and rural areas. It is one of the fastest growing Manufacturing sector in India. Canned fish have high market potential in inside and outside India. It has a rapidly growing export demand. It one of a best option for new and small entrepreners. It is a profitable startup which need comparatively less intial capital.

Canned or tinned fish are food fish which have been processed, sealed in an airtight container such as a sealed tin can, and subjected to heat. Canning is a method of preserving food, and provides a typical shelf life ranging from one to five years. Fish have low acidity, levels at which microbes can flourish. From a public safety point of view, foods with low acidity (pH greater than 4.6) need sterilization at high temperatures (116–130°C). Achieving temperatures above the boiling point requires pressurized cooking. After sterilization, the containing can prevents microorganisms from entering and proliferating inside. Other than sterilization, no other method is dependable as a preservative. For example, the microorganism Clostridium botulinum (which causes botulism) can only be eliminated at temperatures above the boiling point. Preservation techniques are needed to prevent fish spoilage and lengthen shelf life. They are designed to inhibit the activity of spoilage bacteria and the metabolic changes leading to a loss of fish quality. Spoilage bacteria are the specific bacteria that produce the unpleasant odors and flavors associated with spoiled fish. Canned fish is one of the most popular processed seafood, which is sealed in an airtight container along with preservatives to increase the overall shelf life. It is a rich source of vitamins, carbohydrates, minerals and proteins. Moreover, it contains low trans-fat and reduces the risk of heart diseases, improves the immune system, and assists in maintaining blood pressure. The rising popularity of seafood products like canned fish represents one of the major factors propelling the market growth.

Market potential & Strategy

Canned Seafood Market size is forecast to reach INR 7,653.570 Crores by 2025, growing at a CAGR of 12.44% during the forecast period 2020-2025. Increasing popularity for ready to eat products, increasing affordability, and increasing product consumption are the major factors driving the growth of the market. Increasing adoption of sustainable fish farming technique is set to further enhance the overall market demand for Canned Seafood Market during the forecast period 2020-2025. Rising awareness about health benefits offered by canned seafood products is increasing the growth of the canned seafood market. Canned seafood has a high level of valuable omega 3 fatty acids which are important for overall health and wellbeing. Omega-3 fatty acids improve blood vessel function, lower blood pressure, and reduce the risk of cardiovascular disease. In addition to this, the demand for conspicuous and exotic food items is on the rise as a result of the rising purchase power of consumers. Spurred by this, the canned seafood market is poised to welcome impressive growth opportunities. Increasing popularity for ready to eat products is increasing the growth of the canned seafood market. Ready-to-eat food products are being considered as the closest alternative to regular food, which can be consumed at any time. The initiatives taken by regulatory authorities to create awareness regarding canned seafood products are driving market growth.

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