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 Indian shrimp industry is experiencing rapid changes, influenced by changes in consumer preferences towards sustainability, enhanced production practices, changes in aquaculture technologies and increased global demand for antibiotics-free shrimp. Growing demand from consumers for high-quality shrimp - not associated with antibiotics - has resulted in Indian exporters operating in an increasingly sustainable manner and/or in some cases seeking certifications. Increased market availability of value-added shrimp products like frozen, cooked and marinated shrimp is a continuing line of markets, especially in North America / Europe. Overall shrimp farmers are increasing yield and efficiencies by relying on better breeding programs and automation to consistently supply export shrimp.

Additionally, - the impact of geopolitics - trade policies, and tariff reform in the world market - continue to be a consideration with respect to exports, pricing and access to markets. Increased domestic consumption of shrimp, correspondingly to increases in disposable income and dietary habits, is a new opportunity for Indian shrimp producers. The industry also must manage challenges such as disease, climate change and rising raw material prices, which necessitate appropriate strategic responses. Support from the government in subsidies as well as spending on infrastructure and regulatory improvement will be essential to this growth in the industry. In summary continuous innovation and flexibility positions the Indian shrimp industry well for continued long-term growth as a global seafood trading partner.

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Indian Shrimp Market Scope and Growth Analysis:

The Indian shrimp market is growing strongly due to increased global demand, new technology in aquaculture, and government support for seafood exports. The country already has a major advantage with its large coastline, favorable climate, and adoption of sustainable farming practices which improve production efficiencies, and are driving growth further since they comparison as global demand grows, also increased investment in hatcheries, feed technology, and disease control are factors improving market opportunities. In summary, export prospects are rising thanks to the increasing ease of getting Indian shrimp into markets like the US, China and EU at a comparative price below other shrimps, as well as improving logistics and low costs. Similarly domestic consumption is rising based on dietary shifts, urbanization, and increased discretionary income.

The industry is also becoming more competitive through innovative value added products and the use of advanced processing techniques. However, threats remain, such as volatility of raw material prices, global regulations, and rising concerns from the environment. For now, many industry players are working through a framework that allows flexibility as they pursue strategic partnerships, technology investments, and development of sustainable practices. Overall, the Indian shrimp market has a bright future limited only by market demand, supported policy initiatives that improve the shrimp market vs alternatives, and the advancements of the aquaculture methods to achieve efficiency, speed, and product quality and selection.
We explore the factors propelling the Indian Shrimp Market growth, including technological advancements, consumer behaviors, and regulatory changes.

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

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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