India Pest Control Market Size, Share, Growth & Forecast 2025-2033

Market Overview 2025-2033

The Indian shrimp market size reached USD 9.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 22.7 Billion by 2033, exhibiting a growth rate (CAGR) of 10.1% during 2025-2033. The increasing consumer preference for protein-rich seafood, the rising popularity of shrimp-based cuisines, and numerous advancements in aquaculture practices, are among the key factors driving the Indian shrimp market share.

Key Market Highlights:

✔️ Stagnation in Production Amid Global Oversupply

✔️ Shift Towards Black Tiger Shrimp Cultivation

✔️ Expansion of Value-Added Processing Capabilities

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Indian Shrimp Market Trends and Driver:

The Indian shrimp market is experiencing a shift as domestic consumption steadily rises, driven by growing urbanization, rising disposable incomes, and increasing awareness of the nutritional benefits of shrimp. While exports have traditionally dominated the industry, domestic demand is now playing a crucial role in stabilizing market prices and reducing dependence on external factors such as global demand fluctuations and trade restrictions.

In 2025, India is expected to strengthen its presence in emerging export markets, including the Middle East, Southeast Asia, and Latin America, as buyers diversify sourcing strategies to mitigate risks associated with geopolitical uncertainties. Additionally, the government's push to develop inland aquaculture and introduce advanced breeding techniques is expected to enhance shrimp production efficiency and ensure consistent supply for both domestic and international markets.

Sustainability is becoming a key focus in the Indian shrimp industry as international buyers demand stricter environmental and ethical compliance from suppliers. With growing awareness of responsible sourcing, Indian shrimp farmers and processors are adopting eco-friendly practices such as reduced antibiotic usage, biofloc technology, and certification programs like ASC (Aquaculture Stewardship Council) and BAP (Best Aquaculture Practices).

In 2025, the demand for traceable and certified shrimp is projected to increase significantly, especially in high-value markets like the United States, Europe, and Japan. Investments in digital traceability solutions, blockchain technology, and supply chain transparency initiatives will play a pivotal role in improving India's competitive advantage and ensuring long-term market access.

Despite positive growth prospects, the Indian shrimp industry continues to face challenges related to price volatility and rising production costs. Global oversupply, fluctuations in feed prices, and labor shortages have put pressure on farmers, impacting profitability and sustainability. In 2025, production costs are expected to remain a critical concern, particularly due to rising feed costs and the increasing adoption of advanced farming technologies that require substantial investment.

However, government subsidies, research on cost-effective feed alternatives, and strategic collaborations with global seafood companies could help mitigate these challenges. By focusing on innovation and efficiency, India's shrimp sector aims to maintain its position as a leading player in the global seafood market.

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Indian Shrimp Market Segmentation:

The report segments the market based on product type, distribution channel, and region:

Study Period:

Base Year: 2024

Historical Year: 2019-2024

Forecast Year: 2025-2033

Breakup by Species:

• Penaeus Vannamei
• Penaeus Monodon
• Others

Breakup by Shrimp Size:

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

Breakup by State:

• West Bengal
• Gujarat
• Andhra Pradesh

Competitive Landscape:

The market research report offers an in-depth analysis of the competitive landscape, covering market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Additionally, detailed profiles of all major companies are included.

• 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
• Jude Foods India Private Limited

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Trend report by IMARC Group:

Indian Access Control Reader Market: https://www.imarcgroup.com/indian-access-control-market

Indian Agricultural Equipment Market: https://www.imarcgroup.com/farm-agricultural-equipments-industry-india

Indian Animal Feed Market: https://www.imarcgroup.com/indian-animal-feed-market

Indian Animal Husbandry Market: https://www.imarcgroup.com/india-poultry-fishery-animal-husbandry-industry

Indian Apiculture Market: https://www.imarcgroup.com/india-honey-beekeeping-apiculture-market

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IMARC's services include thorough market assessments, feasibility studies, company formation assistance, factory setup support, regulatory approvals and license navigation, branding, marketing and sales strategies, competitive landscape and benchmark analysis, pricing and cost studies, and sourcing studies.

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This release was published on openPR.