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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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