• Home
  • |
  • Press Release
  • |
  • Indian Shrimp Market Stimulated by Initiatives Undertaken by Government

Indian Shrimp Market to Grow at 11.5% During 2022-2027, Spurred by Increasing Global Demand

March 01, 2019

According to the latest report by IMARC Group, titled "Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the Indian shrimp market reached a value of US$ 6.5 Billion in 2021. Shrimp is one of the most commonly consumed seafood across the globe. It is an invertebrate marine animal that belongs to the largest class of crustaceans called Malacostraca. It has a laterally compressed and elongated body with long antennae and legs. It is widely available in freshwater lakes and streams, and deep and shallow waters. It contains low saturated fat content while being a rich source of proteins, selenium, copper, iron, phosphorus, antioxidants, magnesium and vitamin B. As a result, its regular consumption is often associated with numerous health benefits, including low levels of blood pressure, weight loss management, improved bone and brain health and reduced risks of cardiovascular diseases (CVDs).

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Indian Shrimp Market Trends:

The market is primarily driven by the easy availability of disease-free and healthy shrimp in India. The country has a long coastline and favorable geographical conditions suited for shrimp culture. This, along with the easy availability and affordability of land and labor across the country and the relatively lower shrimp production costs, has led India to become one of the largest shrimp exporters and the primary source of frozen shrimp products across the globe, especially in the United States and European Union. The increasing demand for shrimp products on the global levels is, therefore, providing a thrust to the domestic market growth. Moreover, rapid urbanization and the growing popularity of regional as well as international cuisines across India have led the masses to incorporate shrimp in their daily diets. This is further supported by the increasing awareness regarding the numerous health benefits offered by its consumption. Moreover, there has been a rising demand for ready-to-eat food products due to the hectic lifestyles led by the majority of the population and their shifting dietary preferences. This, coupled with the inflating disposable incomes of individuals, has facilitated the uptake of frozen and processed shrimp products across the country. Furthermore, the Government of India is undertaking various initiatives to encourage organic shrimp farming practices in an attempt to reduce the environmental impact of shrimp aquaculture, thereby creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 11.5% during 2022-2027.

Market Summary:

  • Based on the species, the market has been divided into Penaeus Vannamei (White-leg shrimp), Penaeus Monodon (Black Tiger Shrimp) and others. Currently, Penaeus Vannamei is the most popular species in India, holding the largest share.
  • The market has also been categorized on the basis of the size into 31-40, 41-50, 51-60, 61-70, >70 and others. Among these, 31-40 accounts for the majority of the total market share.
  • On the geographical front, Andhra Pradesh holds the leading position in the market. Other major regions include West Bengal and Gujarat.
  • The competitive landscape of the market has been examined in the report with the detailed profiles of the key players. Some of these players include Nekkanti Sea Foods Limited, Avanti Frozen Foods Private Limited, Devi SeaFoods Limited, Falcon Marine Exports Limited, BMR Group, Baby Marine Eastern Exports, Sandhya Marines Ltd, Apex Frozen Foods Limited, Ananda Aqua Exports Private Limited, Crystal Sea Foods Private Limited, Citrus Alpha Marine LLP, Jayalakshmi Seafoods Private Limited, IFB Agro Industries Limited, SSF Limited, AM Fisheries, JRJ Seafoods India Private Limited, Anjaneya Sea Foods, Kings Infra Ventures Limited, Kadalkanny Frozen Foods, The Waterbase Limited, Geo Sea Foods Exports Private Limited, Abad Fisheries Private Limited, K V Marine Exports, Liberty Group of Seafood Companies, Kader Exports Private Limited, Liberty Frozen Foods Private Limited, Devi Marine Foods Exports Private Limited, Zeal Aqua Limited, Frontline Exports Private Limited, and Jude Foods India Private Limited.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal

Indian Shrimp Market to Grow at 11.5% During 2022-2027, Spurred by Increasing Global Demand
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More