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Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Outlook 2021-2026:

The Indian shrimp market reached a value of US$ 2.65 Billion in 2020. Looking forward, IMARC Group expects the Indian shrimp market to grow at a CAGR of 14.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Shrimp is an invertebrate marine animal with an elongated body belonging to the largest class of crustaceans, which are known as Malacostraca. It is generally found in freshwater lakes and streams, and deep and shallow waters. It is a rich source of iron, copper, proteins, selenium, antioxidants, phosphorus, magnesium, and vitamin B12. Consequently, its consumption aids in weight loss, fighting aging, improving bone health, decreasing menstrual pain, and preventing cardiovascular diseases.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Indian Shrimp Market Trends:

Fisheries represent a significant economic activity in India and offer vast growth opportunities on account of the long coastline and favorable geographical conditions. This, coupled with the easy availability of healthy and disease-free shrimp, represents one of the key factors impelling the growth of the market. Moreover, due to the easy availability of land and labor and comparatively lower shrimp farming cost, India has become one the biggest exporters of fresh and frozen shrimp products around the world. In line with this, the escalating demand for shrimp products at a global scale is contributing to the market growth. Furthermore, the growing popularity of regional and international cuisines, along with the rising health consciousness among individuals, is positively influencing the demand for shrimp products in the country. Additionally, due to the rising environmental concerns, the Government of India is introducing various initiatives to encourage organic shrimp farming practices, which is offering lucrative growth opportunities to key players operating in the country. Apart from this, the escalating demand for ready-to-eat (RTE) food products on account of rapid urbanization and hectic lifestyles of individuals are facilitating the consumption of frozen and processed shrimp products in India.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian shrimp market, along with forecasts at the country and state level from 2021-2026. Our report has categorized the market based on species and shrimp size.

Breakup by Species:

 

 
 

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  • Penaeus Vannamei
  • Penaeus Monodon
  • Others
     

Penaeus Vannamei shrimp currently holds the largest market share on account of its significant farming in the country.

Breakup by Shrimp Size:

  • Size 31-40
  • Size 41-50
  • Size 51-60
  • Size 61-70
  • Size >70
     

At present, size 31-40 shrimp accounts for the majority of the total market share. 

Breakup by State:

  • West Bengal
  • Gujarat
  • Andhra Pradesh
     

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Nekkanti Sea Foods Limited, Avanti Frozen Foods Private Limited, Devi Sea Foods Limited, Falcon Marine Exports Ltd., 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, Jaya Lakshmi Seafoods Private Limited, Ifb Agro Industries Limited, SSF Limited, A.M.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.

This report provides a deep insight into the Indian shrimp industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, impact of macro and micro environment, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a shrimp processing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the shrimp industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units Million Tons, US$ Billion
Segment Coverage Species, Shrimp Size, State
States Covered West Bengal, Gujarat, Andhra Pradesh
Companies Covered Nekkanti Sea Foods Limited, Avanti Frozen Foods Private Limited, Devi Sea Foods Limited, Falcon Marine Exports Ltd., 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, Jaya Lakshmi Seafoods Private Limited, Ifb Agro Industries Limited, SSF Limited, A.M.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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 1999
Five User License $ 2999
Corporate License $ 3999
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1  Preface
2  Scope and Methodology

   2.1    Objectives of the Study
   2.2    Stakeholders
   2.3    Data Sources
    2.3.1    Primary Sources
    2.3.2    Secondary Sources
   2.4    Market Estimation
    2.4.1    Bottom-Up Approach
    2.4.2    Top-Down Approach
   2.5    Forecasting Methodology
3  Executive Summary
4  Introduction

   4.1    Overview
   4.2    Key Industry Trends
5  Global Shrimp Industry
   5.1    Market Overview
   5.2    Market Performance
    5.2.1    Volume Trends
    5.2.2    Value Trends
   5.3    Market Breakup by Environment
   5.4    Market Forecast
6  Global Wild Shrimp Industry
   6.1    Market Overview
   6.2    Market Performance
    6.2.1    Volume Trends
    6.2.2    Value Trends
   6.3    Market Forecast
7  Global Farmed Shrimp Industry
   7.1    Market Overview
   7.2    Market Performance
    7.2.1    Volume Trends
    7.2.2    Value Trends
   7.3    Major Shrimp Producing Countries
   7.4    Major Shrimp Consuming Countries
   7.5    Market Breakup by Species
    7.5.1    Penaeus Vannamei
    7.5.2    Penaeus Monodon
    7.5.3    Macrobrachium Rosenbergii
    7.5.4    Others
   7.6    Market Breakup by Shrimp Size
   7.7    Exports
   7.8    Market Forecast
    7.8.1    Volume Trends
    7.8.2    Value Trends
8  Indian Shrimp Industry: Market Insights
   8.1    Evolution of the Indian Shrimp Industry
   8.2    India’s Position in the Global Shrimp Industry
   8.3    India’s Shrimp Product Portfolio
   8.4    Regional Insights
    8.4.1    Farming
    8.4.2    Processing
    8.4.3    Exports
   8.5    India’s Shrimp Exports
    8.5.1    Evolution of the Indian Shrimp Export Market
    8.5.2    India’s Competitiveness versus Other Exporting Countries
    8.5.3    Export Breakup by Ports
    8.5.4    Export Breakup by Country
    8.5.5    Export Breakup by Product Type
    8.5.6    Export Volume and Value Trend
    8.5.7    Export Price Trend
9  Indian Shrimp Industry: Value Chain
   9.1    Broodstock Sourcing
    9.1.1    Sourcing Countries
      9.1.1.1     Import Volume and Value Trends
      9.1.1.2     Import Breakup by Country
      9.1.1.3     Approved Hatcheries for Broodstock Imports
    9.1.2    Price Trends
    9.1.3    Sourcing Challenges
   9.2    Indian Shrimp Feed Industry
    9.2.1    Market Overview
    9.2.2    Market Performance
      9.2.2.1    Production Capacity Trends
      9.2.2.2     Volume Trends
      9.2.2.3     Value Trends
    9.2.3    Price Trends
    9.2.4    Market Breakup by Type
    9.2.5    Market Breakup by Region
    9.2.6    Market Breakup by Ingredient
    9.2.7    Market Breakup by Additives
    9.2.8    Import and Export
    9.2.9    Market Forecast
    9.2.10    Distribution Channel and Margins
    9.2.11    Shrimp Feed Price Structure
    9.2.12    Key Players
   9.3    Shrimp Farming
    9.3.1    Shrimp Farming Process Flow
    9.3.2    Various Types of Unit Operations Involved
    9.3.3    Shrimp Farming: Cropping Pattern
    9.3.4    Impact of Macro and Micro Economic Environment
      9.3.4.1     Micro-Economic Environment
      9.3.4.2     Macro-Economic Environment
    9.3.5    Key Industry Statistics
      9.3.5.1     Area Under Cultivation: Present Status & Future Potential
      9.3.5.2     State-Wise Shrimp Farming
      9.3.5.3     Market Breakup by Environment
      9.3.5.4     Market Breakup by States
      9.3.5.5     Key Industry Trends
    9.3.6    Shrimp Farming Cost Structure
    9.3.7    Revenues and Profit Margins
    9.3.8    Techno Commercial Aspects of Setting Up a Shrimp Farm
      9.3.8.1     Land and Infrastructure Requirements
      9.3.8.2     Capital Investments
      9.3.8.3     Shrimp Farm Layout
      9.3.8.4     Manpower Requirements
      9.3.8.5     Utility Requirements
      9.3.8.6     Key Success and Risk Factors
    9.3.9    Shrimp Sales from Farms
      9.3.9.1     Price Structure
      9.3.9.2     Role of Agents
      9.3.9.3     Types of Contracts
      9.3.9.4     Farm Price Trends
      9.3.9.5  Transfer Pricing Mechanism
    9.3.10    Shrimp Farming: Competitive Landscape
    9.3.11    India’s Competitiveness with Other Countries
    9.3.12    Government Support and Subsidies
    9.3.13    Market Outlook
    9.3.14    Key Players
   9.4    Shrimp Processing
    9.4.1    Detailed Process Flow
    9.4.2    Various Types of Unit Operations Involved
    9.4.3    Mass Balance and Raw Material Requirements
    9.4.4    Impact of COVID-19
    9.4.5    Key Industry Statistics
      9.4.5.1     Market Overview
      9.4.5.2     Market Performance
      9.4.5.3     Market Breakup by Species
        9.4.5.3.1    Penaeus Vannamei
        9.4.5.3.2    Penaeus Monodon
        9.4.5.3.3    Others
      9.4.5.4     Market Breakup by Shrimp Size
        9.4.5.4.1    Size 31-40
        9.4.5.4.2    Size 41-50
        9.4.5.4.3    Size 51-60
        9.4.5.4.4    Size 61-70
        9.4.5.4.5    Size >70
        9.4.5.4.6 Others
      9.4.5.5        State-Wise Shrimp Production
        9.4.5.5.1    West Bengal Shrimp Market
        9.4.5.5.2    Gujarat Shrimp Market
        9.4.5.5.3    Andhra Pradesh Shrimp Market
    9.4.6    Shrimp Processing Cost Structure
    9.4.7    Revenues and Profit Margins
    9.4.8    Techno Commercial Aspects of Setting Up a Shrimp Processing Plant
      9.4.8.1      Land Requirements and Expenditures
      9.4.8.2      Construction requirements and Expenditures
      9.4.8.3      Machinery Requirements and Expenditures
      9.4.8.4      Machinery Pictures
      9.4.8.5      Raw Material Requirements and Expenditures
      9.4.8.6      Raw Material and Final Product Pictures
      9.4.8.7      Packaging Requirements and Expenditures
      9.4.8.8      Transportation Requirements and Expenditures
      9.4.8.9      Utility Requirements and Expenditures
      9.4.8.10    Manpower Requirements and Expenditures
      9.4.8.11    Other Capital Investments
      9.4.8.12    Loans and Financial Assistance
      9.4.8.13    Land and Infrastructure Requirements
      9.4.8.14    Capital Cost of the Project
      9.4.8.15    Techno-Economic Parameters
      9.4.8.16    Product Pricing and Margins Across Various Levels of the Supply Chain
      9.4.8.17    Taxation and Depreciation
      9.4.8.18    Income Projections
      9.4.8.19    Expenditure Projections
      9.4.8.20    Financial Analysis
      9.4.8.21    Profit Analysis 
    9.4.9    Processed Shrimp Sales
      9.4.9.1      Price Structure
      9.4.9.2      Role of Agents
      9.4.9.3      Types of Contracts
      9.4.9.4      Processed Shrimp Price Trends
      9.4.9.5      Transfer Pricing Mechanism
    9.4.10    Price and Margin Analysis
      9.4.10.1    Ex-farm Shrimp Prices
      9.4.10.2    Processed Shrimp Prices
      9.4.10.3    Exported Shrimp Prices
      9.4.10.4    Margins
   9.5    Shrimp Processing: Competitive Landscape
   9.6    India’s Competitiveness with Other Countries
   9.7    Government Support and Subsidies
    9.7.1    West Bengal
    9.7.2    Gujarat
    9.7.3    Andhra Pradesh
   9.8    Potential of India as a Market for Processed Shrimps
   9.9    SWOT Analysis
    9.9.1    Strengths
    9.9.2    Weaknesses
    9.9.3    Opportunities
    9.9.4    Threats
   9.10    Market Outlook
   9.11     Key Market Drivers and Success Factors
10  Market for Value Added Shrimp Products
   10.1    Types of Value-Added Products
   10.2    Processing Requirements
   10.3    Infrastructure and Skill Requirements
   10.4    Domestic Demand
    10.4.1    Market Overview
    10.4.2    Market Performance
    10.4.3    Market Breakup by Type
   10.5    Export Market
   10.6    Market Outlook
11  Indian Shrimp Industry: Key Players
   11.1    Capacities of Key Players
   11.2    Profiles of Key Players
    11.2.1    Nekkanti Seafoods
      11.2.1.1 Company Overview
      11.2.1.2 Company Description
      11.2.1.3 Key Financials
    11.2.2    Avanti Frozen Foods Private Limited
      11.2.2.1 Company Overview
      11.2.2.2 Company Description
      11.2.2.3 Key Financials
    11.2.3    Devi Sea Foods Limited
      11.2.3.1 Company Overview
      11.2.3.2 Company Description
      11.2.3.3 Key Financials
    11.2.4    Falcon Marine Exports Ltd.
      11.2.4.1 Company Overview
      11.2.4.2 Company Description
      11.2.4.3 Key Financials
    11.2.5    BMR Group
      11.2.5.1 Company Overview
      11.2.5.2 Company Description
    11.2.6    Baby Marine Eastern Exports
      11.2.6.1 Company Overview
      11.2.6.2 Company Description
    11.2.7    Sandhya Marines
      11.2.7.1 Company Overview
      11.2.7.2 Company Description
      11.2.7.3 Key Financials
    11.2.8    Apex Frozen Foods Limited
      11.2.8.1 Company Overview
      11.2.8.2 Company Description
      11.2.8.3 Key Financials
    11.2.9    Ananda Aqua Exports Private Limited
      11.2.9.1 Company Overview
      11.2.9.2 Company Description
   11.2.10    Crystal Sea Foods Private Limited
      11.2.10.1 Company Overview
      11.2.10.2 Company Description
    11.2.11    Citrus Alpha Marine LLP
      11.2.11.1 Company Overview
      11.2.11.2 Company Description
    11.2.12    Jaya Lakshmi Sea Foods Private Limited
      11.2.12.1 Company Overview
      11.2.12.2 Company Description
    11.2.13    Ifb Agro Industries Limited
      11.2.13.1 Company Overview
      11.2.13.2 Company Description
      11.2.13.3 Key Financials
    11.2.14    S.S.F Limited
      11.2.14.1 Company Overview
      11.2.14.2 Company Description
    11.2.15    A.M.Fisheries
      11.2.15.1 Company Overview
      11.2.15.2 Company Description
    11.2.16    JRJ Sea Foods India Private Limited
      11.2.16.1 Company Overview
      11.2.16.2 Company Description
    11.2.17    Anjaneya Sea Foods
      11.2.17.1 Company Overview
      11.2.17.2 Company Description
    11.2.18    Kings Infra Ventures Limited
      11.2.18.1 Company Overview
      11.2.18.2 Company Description
    11.2.19    Kadalkanny Frozen Foods
      11.2.19.1 Company Overview
      11.2.19.2 Company Description
    11.2.20    The Waterbase Limited
      11.2.20.1 Company Overview
      11.2.20.2 Company Description
      11.2.20.3 Key Financials
    11.2.21    Geo Sea Foods
      11.2.21.1 Company Overview
      11.2.21.2 Company Description
    11.2.22    Abad Fisheries Private Limited
      11.2.22.1 Company Overview
      11.2.22.2 Company Description
    11.2.23    K V Marine Exports
      11.2.23.1 Company Overview
      11.2.23.2 Company Description
    11.2.24    Liberty Group of Seafood Companies
      11.2.24.1 Premier Marine Foods
         11.2.24.1.1 Company Overview
         11.2.24.1.2 Company Description
      11.2.24.2 Kader Exports Private Limited
        11.2.24.2.1 Company Overview
        11.2.24.2.2 Company Description
        11.2.24.2.3 Key Financials
      11.2.24.3 Liberty Frozen Foods Private Limited
        11.2.24.3.1 Company Overview
        11.2.24.3.2 Company Description
      11.2.24.4 Devi Marine Foods Exports Private Limited
         11.2.24.4.1 Company Overview
         11.2.24.4.2 Company Description
    11.2.25    Zeal Aqua Limited
      11.2.25.1 Company Overview
      11.2.25.2 Company Description
      11.2.25.3 Key Financials
    11.2.26    Frontline Exports Private Limited
      11.2.26.1 Company Overview
      11.2.26.2 Company Description
    11.2.27    Jude Foods India Private Limited
      11.2.27.1 Company Overview
      11.2.27.2 Company Description

List of Figures

Figure 1: India: Shrimp Industry: Major Drivers and Challenges
Figure 2: Global: Shrimp Market: Volume Trends (in Million Tons), 2015-2020
Figure 3: Global: Shrimp Market: Value Trends (in US$ Billion), 2015-2020
Figure 4: Global: Shrimp Market: Breakup by Environment (in %), 2020
Figure 5: Global: Shrimp Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 6: Global: Shrimp Market Forecast: Value Trends (in US$ Billion), 2021-2026
Figure 7: Global: Wild Shrimp Market: Production Volume (in Million Tons), 2015-2020
Figure 8: Global: Wild Shrimp Market: Production Value (in US$ Billion), 2015-2020
Figure 9: Global: Wild Shrimp Market Forecast: Production Volume (in Million Tons), 2021-2026
Figure 10: Global: Wild Shrimp Market Forecast: Production Value (in US$ Billion), 2021-2026
Figure 11: Global: Shrimp (Farmed) Market: Production Volume (in Million Tons), 2015-2020
Figure 12: Global: Shrimp (Farmed) Market: Production Value (in US$ Billion), 2015-2020
Figure 13: Global: Shrimp (Farmed) Market: Production Breakup by Country (in %), 2020
Figure 14: Global: Shrimp (Farmed) Market: Consumption Breakup by Country (in %), 2020
Figure 15: Global: Shrimp (Farmed) Market: Production Breakup by Species (in %), 2020
Figure 16: Global: Penaeus Vannamei Shrimp Market: Production Volume (in Million Tons), 2015, 2020 and 2026
Figure 17: Global: Penaeus Monodon Shrimp Market: Production Volume (in Million Tons), 2015, 2020 and 2026
Figure 18: Global: Macrobrachium Rosenbergii Shrimp Market: Production Volume (in Million Tons), 2015, 2020 and 2026
Figure 19: Global: Other (Farmed) Shrimp Market: Production Volume (in Million Tons), 2015, 2020 and 2026
Figure 20: Global: Shrimp (Farmed) Market: Production Breakup by Size (in %), 2020
Figure 21: Global: Shrimp Industry: Frozen Seawater Shrimp and Prawn: Export Value Breakup by Country (in %), 2019
Figure 22: Global: Shrimp Industry: Frozen Freshwater Shrimp and Prawn: Export Value Breakup by Country (in %), 2019
Figure 23: Global: Shrimp Industry: Fresh, Salted or Smoked Seawater Shrimp and Prawn: Export Value Breakup by Country (in %), 2019
Figure 24: Global: Shrimp (Farmed) Market Forecast: Production Volume (in Million Tons), 2021-2026
Figure 25: Global: Shrimp (Farmed) Market Forecast: Production Value (in US$ Billion), 2021-2026
Figure 26: Global: Shrimp Market: Breakup by Region (in %), 2020
Figure 27: India: Shrimp Farming (Area Under Aquaculture): Breakup by State (in %), 2020-21E
Figure 28: India: Shrimp Market: Production Breakup by State (in %), 2020-21E
Figure 29: India: Seafood Export Market: Frozen Shrimp Market Share (in %), 2019-20
Figure 30: India: Shrimp Market: Export Breakup by States (in %), 2019-20
Figure 31: India: Shrimp Market: Export Breakup by Ports (in %), 2019-20
Figure 32: India: Frozen Shrimp Export Market: Volume (in Tons), 2015-16 - 2019-20E
Figure 33: India: Frozen Shrimp Export Market: Value (in US$ Million), 2015-16 - 2019-20E
Figure 34: India: Frozen Shrimp Export Market Forecast: Volume (in Tons), 2020-21 - 2025-26
Figure 35: India: Frozen Shrimp Export Market Forecast: Value (in US$ Million), 2020-21-2025-26
Figure 36: India: Frozen Shrimp Export Market: Average Prices (in US$/Ton), 2015-16-2019-20E
Figure 37: India: Shrimp Industry: Broodstock Import Volume (in ‘000 Tons), 2015-16 - 2019-20E
Figure 38: India: Shrimp Industry: Broodstock Import Value (in US$ Million), 2015-16 - 2019-20E
Figure 39: India: Shrimp Industry: Broodstock Import Volume Breakup by Country (in %), 2019-20E
Figure 40: India: Shrimp Industry: Hatcheries Approved by CAA for SPF L. Vannamei Broodstock Imports
Figure 41: India: Shrimp Industry: Hatcheries Approved* by CAA for Seed Production from SPF L. Vannamei Brood Stock
Figure 42: India: Broodstock Import for L. Vannamei Shrimp: Average Price Trends (in US$/Piece), 2015-16-2019-20E
Figure 43: India: Shrimp Feed Market: Production Capacity Trend (in Tons), 2015-16-2020-21E
Figure 44: India: Shrimp Feed Market: Capacity Utilization (in %), 2015-16-2020-21
Figure 45: India: Shrimp Feed Market: Consumption Volume (in Tons), 2015-16-2020-21
Figure 46: India: Shrimp Feed Market: Production Volume (in Tons), 2015-16-2020-21
Figure 47: India: Shrimp Feed Market: Consumption Value (in US$ Million), 2015-16-2020-21
Figure 48: India: Shrimp Feed Market: Production Value (in US$ Million), 2015-16-2020-21
Figure 49: India: Shrimp feed Market: Average Price Trends (in US$/Kg), 2015-16-2020-21
Figure 50: India: Shrimp Feed Market: Breakup by Type (in %), 2020-21
Figure 51: India: Shrimp Feed Market: Breakup by Region (in %), 2020-21
Figure 52: India: Shrimp Feed Market: Breakup by Ingredient (in %), 2020-21
Figure 53: India: Shrimp Feed Market: Breakup by Additives (in %), 2020-21
Figure 54: India: Shrimp Feed Market: Export Volume (in Tons), 2009-10 – 2017-18
Figure 55: India: Shrimp Feed Market: Import Volume (in Tons), 2009-10 – 2017-18
Figure 56: India: Shrimp Feed Market Forecast: Production Capacity Trend (in Tons), 2021-22-2026-27
Figure 57: India: Shrimp Feed Market Forecast: Capacity Utilization (in %), 2021-22-2026-27
Figure 58: India: Shrimp Feed Market Forecast: Consumption Volume (in Tons), 2021-22-2026-27
Figure 59: India: Shrimp Feed Market Forecast: Consumption Value (in US$ Million), 2021-22-2026-27
Figure 60: India: Shrimp Feed Market Forecast: Production Volume (in Tons), 2021-22-2026-27
Figure 61: India: Shrimp Feed Market Forecast: Production Value (in US$ Million), 2021-22-2026-27
Figure 62: India: Shrimp Feed Industry: Distribution Channel and Margins
Figure 63: India: Shrimp Feed Industry: Price Structure (in US$/Ton)
Figure 64: India: Shrimp Feed Market: Breakup by Key Players (in %), 2020-21
Figure 65: Shrimp Farming Plant: Detailed Process Flow
Figure 66: India: Shrimp Production: Area Under Shrimp Cultivation (in Million Hectares), 2015-16-2020-21E
Figure 67: India: Shrimp Market: Breakup by Environment (in %), 2020-21
Figure 68: India: Shrimp Farming (Area Under Aquaculture): Breakup by State (in %), 2020-21E
Figure 69: India: Shrimp Farming: Seed Production by Species (in Billions), 2014-2017
Figure 70: India: Shrimp Farming: Profit Margins
Figure 71: India: Shrimp Farm: Plant Layout
Figure 72: India: Farmed Shrimp: Price Structure (in US$/Ton)
Figure 73: India: Shrimp Farming: Average Prices of Farmed Shrimp (in US$/Kg), 2015-2020
Figure 74: Shrimp Aquaculture in Asia: 2010-2013 vs. 2013-2017
Figure 75: India: Shrimp Production: Area Under Shrimp Cultivation Forecast (in Million Hectares), 2021-22 - 2026-27
Figure 76: India: Shrimp Farming (Area Under Aquaculture): Breakup by State (in %), 2026-27
Figure 77: Shrimp Processing Plant: Detailed Process Flow
Figure 78: Shrimp Processing: Conversion Rate of Feedstocks
Figure 79: India: Shrimp Market: Production Volume (in Million Tons), 2015-16 -2020-21
Figure 80: India: Shrimp Market: Production Value (in US$ Billion), 2015-2020
Figure 81: India: Shrimp Market: Production Breakup by Species (in %), 2020-21
Figure 82: India: Shrimp (Penaeus Vannamei) Market: Production Volume (in Tons), 2015-16-2020-21 and 2026-27
Figure 83: India: Shrimp (Penaeus Monodon) Market: Production Volume (in Tons), 2015-16-2020-21 and 2026-27
Figure 84: India: Shrimp (Other Species) Market: Production Volume (in Tons), 2015-16-2020-21 and 2026-27
Figure 85: India: Shrimp Market: Breakup by Size (in %), 2020-21
Figure 86: India: Shrimp Market (Size 31-40): Production Volume (in Tons), 2015 & 2020
Figure 87: India: Shrimp Market Forecast (Size 31-40): Production Volume (in Tons), 2021-2026
Figure 88: India: Shrimp Market (Size 41-50): Production Volume (in Tons), 2015 & 2020
Figure 89: India: Shrimp Market Forecast (Size 41-50): Production Volume (in Tons), 2021-2026
Figure 90: India: Shrimp Market (Size 51-60): Production Volume (in Tons), 2015 & 2020
Figure 91: India: Shrimp Market Forecast (Size 51-60): Production Volume (in Tons), 2021-2026
Figure 92: India: Shrimp Market (Size 61-70): Production Volume (in Tons), 2015 & 2020
Figure 93: India: Shrimp Market Forecast (Size 61-70): Production Volume (in Tons), 2021-2026
Figure 94: India: Shrimp Market (Size >70): Production Volume (in Tons), 2015 & 2020
Figure 95: India: Shrimp Market Forecast (Size >70): Production Volume (in Tons), 2021-2026
Figure 96: India: Shrimp Market (Other Sizes): Production Volume (in Tons), 2015 & 2020
Figure 97: India: Shrimp Market Forecast (Other Sizes): Production Volume (in Tons), 2021-2026
Figure 98: India: Seafood Market: Processing Capacity Breakup by Region (in %)
Figure 99: India: Shrimp Market: Production Breakup by States (in %), 2020-21
Figure 100: Shrimp Processing: Manufacturing Cost Breakup (in %)
Figure 101: Shrimp Industry: Profit Margins at Various Stages of Supply Chain
Figure 102: Shrimp Processing Plant: Breakup of Capital Costs (in %)
Figure 103: India: Shrimp Processing: Price Structure (in US$/Ton)
Figure 104: India: Processed Shrimp Market: Average Price Trends (in US$/Kg), 2015-2026
Figure 105: India: Ex-farm Shrimp: Average Price Trends (in US$/Kg), 2015-2026
Figure 106: India: Processed Shrimp (Ex-factory): Average Price Trends (in US$/Kg), 2015-2026
Figure 107: India: Processed Shrimp (CIF): Average Price Trends (in US$/Kg), 2015-2026
Figure 108: India: Exported Shrimp: Average Price Trends (in US$/Kg), 2015-2026
Figure 109: India: Shrimp Industry: SWOT Analysis
Figure 110: India: Shrimp Market Forecast: Production Volume (in Million Tons), 2021-22-2026-27
Figure 111: India: Shrimp Market Forecast: Production Value (in US$ Billion), 2021-22-2026-27
Figure 112: India: Value Added Shrimp Market: Volume Trends (in Million Tons), 2015-2020
Figure 113: India: Value Added Shrimp Market: Breakup by Type (in %), 2020
Figure 114: India: Value Added Shrimp Market Forecast: Volume Trends (in Million Tons), 2021-2026

List of Tables

Table 1: Global: Shrimp Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Wild Shrimp Market: Key Industry Highlights, 2020 and 2026
Table 3: Global: Farmed Shrimp Market: Key Industry Highlights, 2020 and 2026
Table 4: Global: Shrimp Market: Frozen Seawater Shrimp and Prawn: Export Values by Country, 2019
Table 5: Global: Shrimp Industry: Frozen Freshwater Shrimp and Prawn: Export Value by Country, 2019
Table 6: Global: Shrimp Industry: Fresh, Salted or Smoked Seawater Shrimp and Prawn: Export Values by Country, 2019
Table 7: Global: Shrimp Industry: Fresh, Salted or Smoked Freshwater Shrimp and Prawn: Export Values by Country, 2019
Table 8: Evolution of Indian Shrimp Industry: Landmark Years and Activities
Table 9: India: Shrimp Market: Production Breakup by Species (in Tons), 2015-16, 2020-21 and 2026-27
Table 10: India: Shrimp Market: Breakup by Size (in Tons), 2015-16, 2020-21 and 2026-27
Table 11: India: Shrimp Industry: Product Portfolio
Table 12: India: Frozen Shrimp Market: Export Volumes and Values, 2015-16 and 2020-21
Table 13: India: Shrimp Industry: Reward Rate Under MEIS
Table 14: Evolution of Indian Shrimps Export Market: Landmark Year and Activities
Table 15: Shrimp Export Market: Anti-dumping Duty Imposed in USA on Imported Frozen Warm Water Shrimp
Table 16: India: Shrimp Industry: Hatcheries Restricted by CAA for SPF L. Vannamei Broodstock Imports in 2018
Table 17: India: Shrimp Feed Market: Key Industry Highlights, 2020-21 and 2026-27
Table 18: India: Shrimp Feed Industry: Production Capacities of Key Players, 2019
Table 19: India: Shrimp Farming: Cropping Pattern
Table 20: India: Shrimp Farming (AUC): Present Status and Future Potential
Table 21: India: Shrimp Farming: State-wise Area Under Culture (in Ha) for Black Tiger Shrimp, 2015-16-2019-20E
Table 22: India: Shrimp Farming: State-wise Area Under Culture (in Ha) for White Leg Shrimp, 2015-16-2019-20E
Table 23: India: Shrimp Farming: State-wise Area Under Culture (in Ha) for Scampi, 2015-16-2019-20E
Table 24: India: Shrimp Farming: State-wise Area Under Culture (in Ha) for Black Tiger, White Leg Shrimp and Scampi, 2015-16 - 2019-20E
Table 25: India: Shrimp Farming: State-wise Productivity by Species, 2019-20
Table 26: India: Shrimp Farming: State-wise Capacity of Hatcheries
Table 27: India: Shrimp Farm: Component-wise Cost Breakup for White-Leg and Black Tiger Shrimp (in US$/Ha)
Table 28: India: Shrimp Farming: Total Cost and Revenues by Species (in US$/Ha)
Table 29: India: Shrimp Farming: Total Cost and Revenues Comparison Between Traditional and Scientific Farming of Shrimp (in US$*/Acre)
Table 30: India: Shrimp Farm: Capital Investment Breakup (in US$/Farm and US$/Ha)
Table 31: Shrimp Farming Plant: Manpower Requirements
Table 32: India: Shrimp Aquaculture: Resource Analysis
Table 33: India: Transfer Pricing: APA (Advance Pricing Agreements) Process Various Stages
Table 34: India: Shrimp Farming: Competitive Landscape
Table 35: India’s Competitiveness with Other Countries in Shrimp Farming
Table 36: India: Shrimp Farming: Government Support and Subsidies
Table 37: India: Shrimp Farming: Key Players Farming Area (in Acre), 2019
Table 38: Shrimp Processing Plant: Raw Material Requirements (in Tons/Year)
Table 39: India: Shrimp Market: Key Industry Highlights, 2020-21 and 2026-27
Table 40: India: Seafood Market: Number of Processing Plants by Region and their Capacities, 2019
Table 41: India: West Bengal Shrimp Market: Production, 2015-16-2020-21
Table 42: India: West Bengal Shrimp Market Forecast: Production, 2021-22-2026-27
Table 43: India: West Bengal Penaeus Monodon (Black Tiger Shrimp) Market: Production, 2015-16-2020-21
Table 44: India: West Bengal Penaeus Monodon (Black Tiger Shrimp) Market Forecast: Production, 2021-22-2026-27
Table 45: India: West Bengal Pacific White Shrimp / Litopenaeus Vannamei Shrimp Market: Production, 2015-16-2020-21
Table 46: India: West Bengal Pacific White Shrimp / Litopenaeus Vannamei Market Forecast: Production, 2021-22-2026-27
Table 47: India: Gujarat Shrimp Market: Production, 2015-16-2020-21
Table 48: India: Gujarat Shrimp Market Forecast: Production, 2021-22-2026-27
Table 49: India: Gujarat Penaeus Monodon (Black Tiger Shrimp) Market: Production, 2015-16-2020-21
Table 50: India: Gujarat Penaeus Monodon (Black Tiger Shrimp) Market Forecast: Production, 2021-22-2026-27
Table 51: India: Gujarat Pacific White Shrimp / Litopenaeus Vannamei Market: Production, 2015-16-2020-21
Table 52: India: Gujarat Pacific White Shrimp / Litopenaeus Vannamei Market Forecast: Production, 2021-22-2026-27
Table 53: India: Andhra Pradesh Shrimp Market: Production, 2015-16-2020-21
Table 54: India: Andhra Pradesh Shrimp Market Forecast: Production, 2021-22-2026-27
Table 55: India: Andhra Pradesh Penaeus Monodon (Black Tiger Shrimp) Market: Production, 2015-16-2020-21
Table 56: India: Andhra Pradesh Penaeus Monodon (Black Tiger Shrimp) Market Forecast: Production, 2021-22-2026-27
Table 57: India: Andhra Pradesh Pacific White Shrimp / Litopenaeus Vannamei Shrimp Market: Production, 2015-16-2020-21
Table 58: India: Andhra Pradesh Pacific White Shrimp / Litopenaeus Vannamei Market Forecast: Production, 2021-22-2026-27
Table 59: India: Shrimp Processing: Total Cost and Revenues (in US$/Year)
Table 60: Shrimp Processing Plant: Costs Related to Land and Site Development (in US$)
Table 61: Shrimp Processing Plant: Costs Related to Civil Works (in US$)
Table 62: Shrimp Processing Plant: Costs Related to Other Investments (in US$)
Table 63: Shrimp Processing Plant: Capital Costs (in US$)
Table 64: Shrimp Processing Plant: Costs Related to Machinery (in US$)
Table 65: Shrimp Processing Plant: Utility Requirements and Expenditures
Table 66: Shrimp Processing Plant: Costs Related to Salaries and Wages in the First Year (in US$)
Table 67: Shrimp Processing Plant: Costs Related to Salaries and Wages in the Second Year (in US$)
Table 68: Shrimp Processing Plant: Costs Related to Salaries and Wages in the Third Year Onwards (in US$)
Table 69: India: Transfer Pricing: APA (Advance Pricing Agreements) Process Various Stages
Table 70: India: Shrimp Industry: Margin Analysis
Table 71: India: Shrimp Processing: Competitive Landscape
Table 72: India’s Competitiveness with Other Countries in Shrimp Farming
Table 73: India: West Bengal Shrimp Industry: Subsidies Offered by Government
Table 74: Brackish Water Resources in India
Table 75: Shrimp Processing Plant: Techno-Economic Parameters
Table 76: Shrimp Processing Plant: Taxation (in US$/Year)
Table 77: Shrimp Processing Plant: Depreciation (in US$/Year)
Table 78: Shrimp Processing Plant: Income Projections (in US$)
Table 79: Shrimp Processing Plant: Expenditure Projections (in US$)
Table 80: Shrimp Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 81: Shrimp Processing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 82: Shrimp Processing Plant: Profit and Loss Account (in US$)
Table 83: India: Shrimp Market: Value Added Products
Table 84: India: Shrimp Market (Value Added Products): Key Industry Highlights, 2020 and 2026
Table 85: India: Shrimp Processing: Key Players Capacities
Table 86: Nekkanti Seafoods: Key Financials (in US$** Million), 2012-2017*
Table 87: Avanti Feeds Ltd: Key Financials (in US$ Million), 2010-2017
Table 88: Devi Sea Foods Ltd.: Key Financials (in US$** Million), 2012-2017*
Table 89: Falcon Marine Exports Ltd.: Key Financials (in US$* Million), 2017
Table 90: Sandhya Marines.: Key Financials (in US$** Million), 2012-2017*
Table 91: Apex Frozen Foods Limited: Key Financials (in US$ Million), 2010-2017
Table 92: IFB Agro Industries Limited: Key Financials (in US$ Million), 2010-2017
Table 93: The Waterbase Limited: Key Financials (in US$ Million), 2010-2017
Table 94: Kader Exports Pvt. Ltd.: Key Financials (in US$* Million), 2016 and 2017
Table 95: Zeal Aqua Limited: Key Financials (in US$ Million), 2010-2016

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Key Question Answered in this Report

The Indian shrimp market was valued at US$ 2.65 Billion in 2020. 

We expect the Indian shrimp market to exhibit a CAGR of 14.5% during 2021-2026.

The growing popularity of intercontinental cuisines, along with the changing consumer inclination from high-calorie food items towards a protein-rich diet, is currently primarily the Indian shrimp market. 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across India resulting in the temporary halt in numerous aquaculture activities and disrupted supply chains for shrimp.

Based on the species, the Indian shrimp market has been segmented into Penaeus Vannamei, Penaeus Monodon, and others. Currently, Penaeus Vannamei holds the majority of the total market share.

Based on the size, the Indian shrimp market can be divided into size 31-40, size 41-50, size 51-60, size 61-70, and size >70. Amongst these, size 31-40 exhibits a clear dominance in the market.

On a regional level, the market has been classified into Andhra Pradesh, West Bengal, and Gujarat, where Andhra Pradesh currently dominates the Indian market.

Some of the major players in the Indian shrimp market include Nekkanti Sea Foods Limited, Avanti Frozen Foods Private Limited, Devi Sea Foods Limited, Falcon Marine Exports Ltd., 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, Jaya Lakshmi Seafoods Private Limited, Ifb Agro Industries Limited, SSF Limited, A.M.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.

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