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In order to sustain fish farming as a profitable venture, value addition is very essential.
Value addition implies processing of the end product or addition of ingredients which
increases the acceptability of the product in terms of either convenience or increase in
shelf life. A broad definition of value addition is to economically add value to a product
by changing its current place, time, or form in conformation with market preference
(Coltrain et al., 2002). According to the requirements of different markets, value can be
added ranging from live fish to ready-to-serve convenience products such as fish fingers,
fish burgers, fish cake, fish balls, fish steaks, fish silage, de-boned fish, cured fish, frozen
fish, etc. Sharma and Sharma (2006) reported that value addition includes different aspects under different national backgrounds. In a poor country, even icing of fresh fish
is a high level of value addition. In general, value-added food products are raw and preprocessed
commodities whose value has been increased through the addition of ingredients
and processes that make them more attractive to the buyer and/or more readily usable
by the consumer. It is a production and marketing strategy driven by customer needs
and perceptions. Value addition is the most important aspect of food processing industry,
particularly in export-oriented fish processing industry because of increased realization
of valuable foreign exchange.
Under the modern marketing concept, consumer is the fulcrum around which the
entire marketing activities revolve (Santhakumar and Sanjeeviraj, 2000). The analysis
of the consumers’ behavior in terms of consumption patterns, consumer preferences,
consumption motivation, consumer buying process and shopping behavior is a helpful
parameter to formulate a firm’s marketing strategy (Reddy, 2011). Shaw (1986) reported
that for any business which wishes to exchange its products with customers for money or
other goods, the customers’ requirements have to be understood and the products which
meet these requirements should be offered. Understanding consumer motivations and
knowing the relative importance of various criteria for different consumer groups are
essential for the development and promotion of local products. The development of
attractive and convenient processed foods from local staples combined with active
commercial marketing can succeed in increasing the urban demand of such domestically
produced foods. Thus, in addition to the aspects of production, efforts in processing,
marketing and distribution need adequate emphasis. Unless local food production and
distribution systems are able to cope with and adapt to this growing and changing food
demand, market tensions shall grow or countries’ reliance on imported foods shall increase
(Delisle, 1990).
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