Indian Shrimp Market 2025 Edition: Size, Share, Industry Trends, Demand, Growth, and Report 2033

Indian Shrimp Market Outlook

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 9.2 Billion

Market Forecast in 2033: USD 22.7 Billion

Market Growth Rate: 10.1% (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.

Indian Shrimp Market Trends:

The demand for Indian shrimp is rising rapidly everywhere across the world. This is primarily due to improved aquaculture technology, and good export potential. The growth of shrimp farming, especially of vannamei, has increased production. As a result, India has become an active participant in the global seafood sector. Moreover, the government is also supporting shrimp farming with subsidies and infrastructure development. It is making it more sustainable and competitive. Along with this, the consumer's preference for a protein diet is increasing, and seafood is getting popular domestically and internationally.

It is creating new opportunities for Indian shrimp exporters. Certification and quality control measures help to increase the credibility of India in major importing countries and also increase penetration in various markets. However, farmers and exporters face challenges due to diseases, costs of raw materials, and trade regulations. Continuous investment in research, innovation, and sustainable farming would help Indian shrimp overcome the challenges in its growth trajectory. To conclude, Government, private players, and research institutes will work together to grow the industry.

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Indian Shrimp Market Scope and Growth Analysis:

In recent years, there has been a huge expansion of the Indian shrimp market due to increased demand worldwide, enhanced aquaculture practices, and various government measures to boost sustainable shrimp farming. In essence, India is one of the biggest exporters of shrimp and enjoys an advantage due to climate, coast and supply chain and technology. Along with this, market growth is also supported by increasing consumer preference for protein consumption and ready-to-eat sea food goods. Shrimp production has improved due to hatchery technology, disease management and feed management. Thus, improved yields & quality take place due to technology.

Additionally, the growth of export destinations, specifically the USA, China and Europe, has strengthened India's shrimp position globally. So in a nutshell, changing prices of exports, diseases and changing rules leads to problems in the market. Investments in R&D along with government policies encouraging sustainable aquaculture practices, will help drive the long-term growth of the industry. Also, the growth of value-added shrimp products such as frozen and processed ones has created new revenue-generating opportunities for domestic and global markets. All in all, strong domestic production and growing global demand will sustain competitive market growth in the Indian shrimp space.

Indian Shrimp Market Report Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Indian Shrimp Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

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 report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

• 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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Key highlights of the Report:

• Recent Industry News
• Key Technological Trends & Development
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies

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About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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