India Aquaculture Market Valuation to Reach 28.8 Million Tons by 2033 - Expanding at a CAGR of 7.57%

Aquaculture Market in India 2025:

How Big is the India Aquaculture Market ?

The India aquaculture market size reached 14.4 Million Tons in 2024. Looking ahead, the market is expected to reach 28.8 Million Tons by 2033, exhibiting a compound annual growth rate (CAGR) of 7.57% during the forecast period from 2025 to 2033.

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: 14.4 Million Tons
Market Size in 2033: 28.8 Million Tons
Market Growth Rate (CAGR) 2025-2033: 7.57%

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India Aquaculture Market Trends and Drivers:

India aquaculture market is surfing on a wave of momentum sustained by increasing domestic demand for protein-rich, low-fat seafood and renewed enthusiasm for diets featuring fish. Essentially, increasing concern with health and nutrition has redirected consumer attention away from conventional meat towards fish, shrimp, and mollusks, supporting the consistent growth in inland and coastal aquaculture farming. Furthermore, export expansion-particularly in shrimp-has been an economic stimulus.

India has entrenched itself as a top shrimp exporter, with frozen shrimp holding strong market share in the U.S., EU, and China markets. Apart from that, beneficial geographical advantages (including long coastline, plenty of ponds, and brackish water areas), along with contemporary infrastructure construction such as cold storage centers and enhanced harbours, are supporting production and quality control potential. In addition, government support through scheme-targeted initiatives, including hatchery subsidies, pond subsidies, aeration system subsidies, and processing plant subsidies, is tackling fundamental infrastructural deficits through initiatives like the Pradhan Mantri Matsya Sampada Yojana.

In addition, technological incorporation and sustainability measures are revolutionizing traditional farming methods. The implementation of advanced methods-comprising water quality measurement using IoT, feed automation, biofloc technology, and robotic net inspection-has resulted in improved efficiency, improved fish health, and minimized waste. Furthermore, farmers' education programs and training workshops for farmers are improving knowledge at the community level to cope with climatic uncertainty, disease risk, and conservation of resources.

In essence, the convergence of sustainable rearing systems-integrated mangrove-shrimp farming, for example-and increasing e-commerce and digital trade platforms is expanding market coverage while maintaining ecological harmony. Overall, India aquaculture market is creating a trajectory of vibrant expansion driven by increased protein demand, technological innovation, environmental responsibility, and wise policy initiatives.

India Aquaculture Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Environment:

• Farmed Shrimp
• Wild Shrimp

Farmed shrimp holds a dominant position in the market, driven by high export demand, efficient breeding techniques, and its growing popularity among health-conscious consumers.

Breakup by Species:

• L. Vannamei
• Penaeus Monodon

L. Vannamei, commonly known as whiteleg shrimp, currently holds a dominant position in the market due to its fast growth, high survival rate, and profitability.

Breakup by Shrimp Size:

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

Shrimp sized between 31 to 40 currently dominate the market, owing to their ideal balance of size, taste, and export demand.

Breakup by End Use:

• Hotels and Restaurants
• Retail Shops
• Hypermarkets and Supermarkets
• Online Sales
• Others

Hotels and restaurants hold a dominant position in the market, accounting for the largest share due to consistent demand, large-scale purchases, and frequent customer footfall.

Breakup by End Form

• Frozen
• Fresh
• Canned

The frozen form holds a dominant position in the market due to its extended shelf life, ease of transportation, and strong demand in both domestic and export segments.

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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.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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