Indian Shrimp Market
Description
The Indian shrimp market size was valued at USD 10.1 Billion in 2025 and is projected to reach USD 23.2 Billion by 2034, growing at a compound annual growth rate of 9.7% from 2026-2034.
The Indian shrimp market is experiencing robust expansion driven by escalating global demand for protein-rich seafood and the country's established position as the world's second-largest shrimp producer and exporter. Favorable coastal geography, advancing aquaculture technologies, and supportive government initiatives continue to strengthen production capabilities. Rising health consciousness among consumers worldwide, combined with competitive pricing and compliance with international quality standards, is propelling India's prominence in the global shrimp trade and driving the Indian shrimp market share.
KEY TAKEAWAYS AND INSIGHTS:
By Species: Penaeus vannamei dominates the market with a share of 72.15% in 2025, driven by its fast growth rate, high reproductive capacity, and adaptability to diverse aquaculture systems across coastal farming regions.
By Shrimp Size: Size 41-50 leads the market with a share of 21.84% in 2025, owing to its versatile culinary applications, optimal balance between portion size and consumer preference for grilling, frying, and value-added preparations.
By State: Andhra Pradesh represents the largest segment with a market share of 78% in 2025, attributed to its extensive coastline, favorable climatic conditions, established aquaculture infrastructure, and skilled farming workforce.
Key Players: The Indian shrimp market exhibits a moderately fragmented competitive structure, with established processors and exporters investing in modern processing technologies, value-added product development, sustainability certifications, and strategic export market diversification to strengthen their global positioning. Some of the key players operating in the market include Nekkanti Seafoods, Avanti Frozen Foods Private Limited, Devi Sea Foods Limited, Falcon Marine Exports Ltd., BMR Group, Baby Marine Eastern Exports, Sandhya Marines, Apex Frozen Foods Limited, Ananda Aqua Exports Private Limited, Crystal Sea Foods Private Limited, Citrus Alpha Marine LLP, Jaya Lakshmi Sea Foods Private Limited, Ifb Agro Industries Limited, S.S.F Limited, A.M.Fisheries, JRJ Sea Foods 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 (Premier Marine Foods, Kader Exports Private Limited, Liberty Frozen Foods Private Limited, and Devi Marine Foods Exports Private Limited), Zeal Aqua Limited, Frontline Exports Private Limited, Jude Foods India Private Limited, etc.
The Indian shrimp market continues to solidify its global standing through strategic investments in aquaculture infrastructure and processing capabilities. The country’s extensive coastline offers abundant brackish water resources, creating favorable conditions for shrimp cultivation, especially in coastal regions. Key competitive advantages include cost-efficient labor, well-established supply chains, and the increasing use of disease-free broodstock programs, which improve productivity and overall production efficiency in aquaculture operations. These factors collectively support sustainable growth and enhance the reliability and quality of shrimp farming across the region. India’s fish production has grown from 95.79 lakh tonnes in FY 2013–14 to 195 lakh tonnes in FY 2024–25, with inland fisheries and aquaculture contributing over 75% of output. In FY 2023–24, India exported 17.81 lakh MT of seafood valued at ₹60,523.89 crore (US$7.38 billion), led by 7.16 lakh MT of frozen shrimp, which accounted for 40.19% of export volume and 66.12% of export earnings.
INDIAN SHRIMP MARKET TRENDS:
Rising Adoption of Sustainable Aquaculture Practices
The Indian shrimp industry is witnessing accelerated adoption of sustainable farming methodologies as exporters align with international certification requirements. Producers are increasingly pursuing Best Aquaculture Practices and Aquaculture Stewardship Council certifications to access premium markets demanding traceability and environmental responsibility. In August 2025, the ASC and Sustainable Fisheries Partnership released a collaborative roadmap for landscape-level improvements in Andhra Pradesh's shrimp farming sector, demonstrating industry commitment to scaling responsible production while supporting the Indian shrimp market growth.
Expansion of Value-Added Processing Capabilities
Indian shrimp processors are transitioning from raw commodity exports toward higher-margin value-added products to capture greater market value. Companies are investing in breading plants, marination facilities, and ready-to-cook product lines that command premium pricing in international markets. Modern processing technologies including automated peeling, deveining, and packaging systems are enabling processors to meet stringent food safety standards while improving operational efficiency and product consistency for discerning global consumers seeking convenient seafood options.
Market Diversification Beyond Traditional Export Destinations
The industry is pursuing strategic market diversification to reduce dependence on traditional export destinations and mitigate tariff-related vulnerabilities. Exporters are strengthening presence in the European Union, Japan, South Korea, and Southeast Asian markets while exploring emerging opportunities in the Middle East and Australia. For instance, the Ministry of Food Processing Industries, in collaboration with the Agricultural & Processed Food Products Export Development Authority (APEDA), the Trade Promotion Council of India (TPCI), and the Government of Bihar, hosted the International Buyer Seller Meet (IBSM) in Patna on 19th and 20th May 2025. The event convenes key participants from the food and allied sectors to facilitate trade, boost exports, and harness the agri-food potential of Bihar.
MARKET OUTLOOK 2026-2034:
The Indian shrimp market demonstrates strong growth potential as global seafood consumption patterns increasingly favor high-protein, health-conscious dietary choices. Continued government support through infrastructure investments, duty rationalization, and export promotion initiatives positions the industry for sustained expansion. Technological advancements in disease management, precision aquaculture, and cold chain logistics are expected to enhance production efficiency and product quality, supporting India's competitiveness in international markets. The market generated a revenue of USD 10.1 Billion in 2025 and is projected to reach a revenue of USD 23.2 Billion by 2034, growing at a compound annual growth rate of 9.7% from 2026-2034.
INDIAN SHRIMP MARKET REPORT SEGMENTATION:
Species Insights:
Penaeus vannamei, commonly known as Pacific white shrimp or whiteleg shrimp, has become a transformative species in Indian aquaculture. It is highly valued for its rapid growth, adaptability to different pond management systems, high survival rates, and efficient feed conversion. Disease-resistant genetics from improved broodstock further enhance its appeal for commercial operations. These traits make it a reliable choice for farmers seeking consistent yields and scalable production, supporting the growth and modernization of shrimp farming practices across the country.
The widespread adoption of Penaeus vannamei also aligns with international market preferences for shrimp with mild flavor and tender texture, suitable for a variety of culinary applications. Access to genetically improved, disease-free broodstock has enabled farmers to reduce production risks and improve efficiency. This has facilitated more intensive and productive aquaculture practices, helping coastal regions optimize output and meet growing demand while maintaining quality standards in commercial shrimp farming.
Shrimp Size Insights:
Access the comprehensive market breakdown Request Sample
The size 41-50 category, indicating 41 to 50 pieces per pound, represents an optimal balance between production economics and market demand, making it highly sought after in both domestic and international trade channels. This size range offers versatility across multiple culinary applications, including grilling, sautéing, and incorporation into value-added processed products, while maintaining attractive portion presentation for foodservice and retail consumers.
The popularity of this size category reflects harvest optimization strategies employed by Indian farmers who balance growth cycle duration against feed costs and market pricing dynamics. Processing facilities favor this size for consistent product specifications that meet stringent buyer requirements, particularly for ready-to-cook and quick-service restaurant applications. Export markets, particularly in regions like the United States and the European Union, show strong preference for medium-sized shrimp, making them a highly valued segment for exporters. Consistent quality, reliable supply, and the ability to meet buyer specifications throughout the year enhance their market appeal. This demand encourages producers to focus on maintaining uniform standards and operational efficiency, ensuring that the shrimp meet international expectations and command higher value in global trade.
State Insights:
Andhra Pradesh has established itself as India's shrimp farming capital through decades of aquaculture development supported by favorable natural resources and progressive policy frameworks. The state's extensive brackish water availability across its 974-kilometer coastline, combined with suitable climatic conditions and established support infrastructure, enables year-round farming operations across multiple crop cycles. Concentrated farming clusters in districts including East Godavari, West Godavari, Krishna, and Nellore provide economies of scale in input supply, technical services, and product aggregation.
The state government’s active promotion of aquaculture has encouraged private investment in hatcheries, feed production, and processing units, fostering a well-integrated supply chain ecosystem. Supportive policies and financial facilitation for shrimp farming have further strengthened the sector, enabling farmers to access improved broodstock, adopt modern practices, and enhance productivity across coastal aquaculture regions. The state's target of increasing aquaculture area from 400,000 to one million acres by 2030 signals continued production expansion, while landscape-level sustainability initiatives address environmental considerations associated with intensive farming practices.
MARKET DYNAMICS:
Growth Drivers:
Why is the Indian Shrimp Market Growing?
Strong Government Support Through Policy Initiatives and Infrastructure Development
The Indian government has demonstrated sustained commitment to aquaculture sector development through comprehensive policy frameworks and financial allocations supporting production expansion and export competitiveness. The Pradhan Mantri Matsya Sampada Yojana received enhanced allocation of Rs. 2,352 crores for fiscal year 2024-25, representing a 56 percent increase from the previous year, enabling infrastructure development including cold storage facilities, processing units, and transportation networks. In September 2025, the government reduced GST rates from 12-18 percent to 5 percent on several fisheries and aquaculture-related products, including farm equipment, feed ingredients, water conditioners, and fishing nets, directly lowering production costs for farmers and enhancing industry competitiveness in international markets.
Technological Advancements Enhancing Production Efficiency and Sustainability
The Indian shrimp industry is experiencing technological transformation through adoption of advanced aquaculture systems that improve productivity while reducing environmental impact. Recirculating aquaculture systems, biofloc technology, and precision pond management tools are enabling farmers to achieve higher survival rates, improved feed conversion, and consistent production quality. In August 2025, the Chief Minister of Andhra Pradesh launched an innovative seaweed-shrimp integration model developed by ICAR-CIBA, demonstrating advancement in sustainable farming approaches that generate additional revenue streams without requiring additional inputs while providing environmental benefits through natural water filtration.
Growing Global Demand for Premium Protein Sources and Health-Conscious Seafood
International consumer preferences are increasingly favoring shrimp as a lean, high-protein food option rich in omega-3 fatty acids and essential nutrients aligned with health-conscious dietary trends. Major export markets, including the United States, European Union, China, and Japan demonstrate sustained demand growth for quality-assured, sustainably produced shrimp products. India's competitive positioning benefits from lower production costs compared to other major producing countries, established processing infrastructure meeting international food safety standards, and growing capability to supply value-added products that command premium pricing in retail and foodservice channels.
Market Restraints:
What Challenges the Indian Shrimp Market is Facing?
Disease Outbreaks Affecting Production Stability
The occurrence of shrimp diseases including White Spot Syndrome Virus, Enterocytozoon hepatopenaei, and Early Mortality Syndrome continues to threaten farming operations, causing production losses, increased mortality rates, and economic disruptions across coastal aquaculture zones. Disease management requires substantial investment in biosecurity infrastructure, diagnostic capabilities, and preventive protocols that increase production costs while limiting intensification potential.
High Production Costs and Input Price Volatility
Rising costs of critical inputs including quality feed, specific pathogen-free broodstock, energy, and disease management products, compress farmer margins despite strong market prices. Feed represents the largest production cost component, and fluctuations in fishmeal and soybean meal prices directly impact farming profitability. Smaller farmers lacking economies of scale face particular challenges accessing competitively priced inputs and technical services.
International Trade Tariffs and Market Access Uncertainties
Exposure to trade policy changes in major export markets creates revenue uncertainty for Indian shrimp exporters despite diversification efforts. The imposition of higher tariffs by the United States has prompted industry restructuring toward alternative destinations, while ongoing negotiations aim to secure improved market access conditions. Currency fluctuations and competing supply from Ecuador, Vietnam, and Indonesia add pricing pressure in international markets.
COMPETITIVE LANDSCAPE:
The Indian shrimp market exhibits a moderately competitive structure characterized by numerous integrated processors and exporters operating across the production value chain. Leading companies are differentiating through investments in modern processing technologies, value-added product development, and international quality certifications that enable premium market positioning. Strategic focus areas include strengthening backward integration with farming operations, expanding processing capacities in key production states, and developing direct relationships with major importers in target markets. The competitive environment encourages continuous improvement in product quality, supply chain efficiency, and sustainability practices as exporters seek to maintain market share amid evolving buyer requirements.
KEY QUESTIONS ANSWERED IN THIS REPORT
1. How big is the Indian shrimp market?
2. What is the projected growth rate of the Indian shrimp market?
3. Which species held the largest Indian shrimp market share?
4. What are the key factors driving market growth?
5. What are the major challenges facing the Indian shrimp market?
The Indian shrimp market is experiencing robust expansion driven by escalating global demand for protein-rich seafood and the country's established position as the world's second-largest shrimp producer and exporter. Favorable coastal geography, advancing aquaculture technologies, and supportive government initiatives continue to strengthen production capabilities. Rising health consciousness among consumers worldwide, combined with competitive pricing and compliance with international quality standards, is propelling India's prominence in the global shrimp trade and driving the Indian shrimp market share.
KEY TAKEAWAYS AND INSIGHTS:
- By Species: Penaeus vannamei dominates the market with a share of 72.15% in 2025, driven by its fast growth rate, high reproductive capacity, and adaptability to diverse aquaculture systems across coastal farming regions.
By Species: Penaeus vannamei dominates the market with a share of 72.15% in 2025, driven by its fast growth rate, high reproductive capacity, and adaptability to diverse aquaculture systems across coastal farming regions.
- By Shrimp Size: Size 41-50 leads the market with a share of 21.84% in 2025, owing to its versatile culinary applications, optimal balance between portion size and consumer preference for grilling, frying, and value-added preparations.
By Shrimp Size: Size 41-50 leads the market with a share of 21.84% in 2025, owing to its versatile culinary applications, optimal balance between portion size and consumer preference for grilling, frying, and value-added preparations.
- By State: Andhra Pradesh represents the largest segment with a market share of 78% in 2025, attributed to its extensive coastline, favorable climatic conditions, established aquaculture infrastructure, and skilled farming workforce.
By State: Andhra Pradesh represents the largest segment with a market share of 78% in 2025, attributed to its extensive coastline, favorable climatic conditions, established aquaculture infrastructure, and skilled farming workforce.
- Key Players: The Indian shrimp market exhibits a moderately fragmented competitive structure, with established processors and exporters investing in modern processing technologies, value-added product development, sustainability certifications, and strategic export market diversification to strengthen their global positioning. Some of the key players operating in the market include Nekkanti Seafoods, Avanti Frozen Foods Private Limited, Devi Sea Foods Limited, Falcon Marine Exports Ltd., BMR Group, Baby Marine Eastern Exports, Sandhya Marines, Apex Frozen Foods Limited, Ananda Aqua Exports Private Limited, Crystal Sea Foods Private Limited, Citrus Alpha Marine LLP, Jaya Lakshmi Sea Foods Private Limited, Ifb Agro Industries Limited, S.S.F Limited, A.M.Fisheries, JRJ Sea Foods 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 (Premier Marine Foods, Kader Exports Private Limited, Liberty Frozen Foods Private Limited, and Devi Marine Foods Exports Private Limited), Zeal Aqua Limited, Frontline Exports Private Limited, Jude Foods India Private Limited, etc.
Key Players: The Indian shrimp market exhibits a moderately fragmented competitive structure, with established processors and exporters investing in modern processing technologies, value-added product development, sustainability certifications, and strategic export market diversification to strengthen their global positioning. Some of the key players operating in the market include Nekkanti Seafoods, Avanti Frozen Foods Private Limited, Devi Sea Foods Limited, Falcon Marine Exports Ltd., BMR Group, Baby Marine Eastern Exports, Sandhya Marines, Apex Frozen Foods Limited, Ananda Aqua Exports Private Limited, Crystal Sea Foods Private Limited, Citrus Alpha Marine LLP, Jaya Lakshmi Sea Foods Private Limited, Ifb Agro Industries Limited, S.S.F Limited, A.M.Fisheries, JRJ Sea Foods 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 (Premier Marine Foods, Kader Exports Private Limited, Liberty Frozen Foods Private Limited, and Devi Marine Foods Exports Private Limited), Zeal Aqua Limited, Frontline Exports Private Limited, Jude Foods India Private Limited, etc.
The Indian shrimp market continues to solidify its global standing through strategic investments in aquaculture infrastructure and processing capabilities. The country’s extensive coastline offers abundant brackish water resources, creating favorable conditions for shrimp cultivation, especially in coastal regions. Key competitive advantages include cost-efficient labor, well-established supply chains, and the increasing use of disease-free broodstock programs, which improve productivity and overall production efficiency in aquaculture operations. These factors collectively support sustainable growth and enhance the reliability and quality of shrimp farming across the region. India’s fish production has grown from 95.79 lakh tonnes in FY 2013–14 to 195 lakh tonnes in FY 2024–25, with inland fisheries and aquaculture contributing over 75% of output. In FY 2023–24, India exported 17.81 lakh MT of seafood valued at ₹60,523.89 crore (US$7.38 billion), led by 7.16 lakh MT of frozen shrimp, which accounted for 40.19% of export volume and 66.12% of export earnings.
INDIAN SHRIMP MARKET TRENDS:
Rising Adoption of Sustainable Aquaculture Practices
The Indian shrimp industry is witnessing accelerated adoption of sustainable farming methodologies as exporters align with international certification requirements. Producers are increasingly pursuing Best Aquaculture Practices and Aquaculture Stewardship Council certifications to access premium markets demanding traceability and environmental responsibility. In August 2025, the ASC and Sustainable Fisheries Partnership released a collaborative roadmap for landscape-level improvements in Andhra Pradesh's shrimp farming sector, demonstrating industry commitment to scaling responsible production while supporting the Indian shrimp market growth.
Expansion of Value-Added Processing Capabilities
Indian shrimp processors are transitioning from raw commodity exports toward higher-margin value-added products to capture greater market value. Companies are investing in breading plants, marination facilities, and ready-to-cook product lines that command premium pricing in international markets. Modern processing technologies including automated peeling, deveining, and packaging systems are enabling processors to meet stringent food safety standards while improving operational efficiency and product consistency for discerning global consumers seeking convenient seafood options.
Market Diversification Beyond Traditional Export Destinations
The industry is pursuing strategic market diversification to reduce dependence on traditional export destinations and mitigate tariff-related vulnerabilities. Exporters are strengthening presence in the European Union, Japan, South Korea, and Southeast Asian markets while exploring emerging opportunities in the Middle East and Australia. For instance, the Ministry of Food Processing Industries, in collaboration with the Agricultural & Processed Food Products Export Development Authority (APEDA), the Trade Promotion Council of India (TPCI), and the Government of Bihar, hosted the International Buyer Seller Meet (IBSM) in Patna on 19th and 20th May 2025. The event convenes key participants from the food and allied sectors to facilitate trade, boost exports, and harness the agri-food potential of Bihar.
MARKET OUTLOOK 2026-2034:
The Indian shrimp market demonstrates strong growth potential as global seafood consumption patterns increasingly favor high-protein, health-conscious dietary choices. Continued government support through infrastructure investments, duty rationalization, and export promotion initiatives positions the industry for sustained expansion. Technological advancements in disease management, precision aquaculture, and cold chain logistics are expected to enhance production efficiency and product quality, supporting India's competitiveness in international markets. The market generated a revenue of USD 10.1 Billion in 2025 and is projected to reach a revenue of USD 23.2 Billion by 2034, growing at a compound annual growth rate of 9.7% from 2026-2034.
INDIAN SHRIMP MARKET REPORT SEGMENTATION:
Species Insights:
- Penaeus Vannamei
- Penaeus Monodon
- Others
Penaeus vannamei, commonly known as Pacific white shrimp or whiteleg shrimp, has become a transformative species in Indian aquaculture. It is highly valued for its rapid growth, adaptability to different pond management systems, high survival rates, and efficient feed conversion. Disease-resistant genetics from improved broodstock further enhance its appeal for commercial operations. These traits make it a reliable choice for farmers seeking consistent yields and scalable production, supporting the growth and modernization of shrimp farming practices across the country.
The widespread adoption of Penaeus vannamei also aligns with international market preferences for shrimp with mild flavor and tender texture, suitable for a variety of culinary applications. Access to genetically improved, disease-free broodstock has enabled farmers to reduce production risks and improve efficiency. This has facilitated more intensive and productive aquaculture practices, helping coastal regions optimize output and meet growing demand while maintaining quality standards in commercial shrimp farming.
Shrimp Size Insights:
Access the comprehensive market breakdown Request Sample
- Size 31-40
- Size 41-50
- Size 51-60
- Size 61-70
- Size >70
- Others
The size 41-50 category, indicating 41 to 50 pieces per pound, represents an optimal balance between production economics and market demand, making it highly sought after in both domestic and international trade channels. This size range offers versatility across multiple culinary applications, including grilling, sautéing, and incorporation into value-added processed products, while maintaining attractive portion presentation for foodservice and retail consumers.
The popularity of this size category reflects harvest optimization strategies employed by Indian farmers who balance growth cycle duration against feed costs and market pricing dynamics. Processing facilities favor this size for consistent product specifications that meet stringent buyer requirements, particularly for ready-to-cook and quick-service restaurant applications. Export markets, particularly in regions like the United States and the European Union, show strong preference for medium-sized shrimp, making them a highly valued segment for exporters. Consistent quality, reliable supply, and the ability to meet buyer specifications throughout the year enhance their market appeal. This demand encourages producers to focus on maintaining uniform standards and operational efficiency, ensuring that the shrimp meet international expectations and command higher value in global trade.
State Insights:
- West Bengal
- Gujarat
- Andhra Pradesh
Andhra Pradesh has established itself as India's shrimp farming capital through decades of aquaculture development supported by favorable natural resources and progressive policy frameworks. The state's extensive brackish water availability across its 974-kilometer coastline, combined with suitable climatic conditions and established support infrastructure, enables year-round farming operations across multiple crop cycles. Concentrated farming clusters in districts including East Godavari, West Godavari, Krishna, and Nellore provide economies of scale in input supply, technical services, and product aggregation.
The state government’s active promotion of aquaculture has encouraged private investment in hatcheries, feed production, and processing units, fostering a well-integrated supply chain ecosystem. Supportive policies and financial facilitation for shrimp farming have further strengthened the sector, enabling farmers to access improved broodstock, adopt modern practices, and enhance productivity across coastal aquaculture regions. The state's target of increasing aquaculture area from 400,000 to one million acres by 2030 signals continued production expansion, while landscape-level sustainability initiatives address environmental considerations associated with intensive farming practices.
MARKET DYNAMICS:
Growth Drivers:
Why is the Indian Shrimp Market Growing?
Strong Government Support Through Policy Initiatives and Infrastructure Development
The Indian government has demonstrated sustained commitment to aquaculture sector development through comprehensive policy frameworks and financial allocations supporting production expansion and export competitiveness. The Pradhan Mantri Matsya Sampada Yojana received enhanced allocation of Rs. 2,352 crores for fiscal year 2024-25, representing a 56 percent increase from the previous year, enabling infrastructure development including cold storage facilities, processing units, and transportation networks. In September 2025, the government reduced GST rates from 12-18 percent to 5 percent on several fisheries and aquaculture-related products, including farm equipment, feed ingredients, water conditioners, and fishing nets, directly lowering production costs for farmers and enhancing industry competitiveness in international markets.
Technological Advancements Enhancing Production Efficiency and Sustainability
The Indian shrimp industry is experiencing technological transformation through adoption of advanced aquaculture systems that improve productivity while reducing environmental impact. Recirculating aquaculture systems, biofloc technology, and precision pond management tools are enabling farmers to achieve higher survival rates, improved feed conversion, and consistent production quality. In August 2025, the Chief Minister of Andhra Pradesh launched an innovative seaweed-shrimp integration model developed by ICAR-CIBA, demonstrating advancement in sustainable farming approaches that generate additional revenue streams without requiring additional inputs while providing environmental benefits through natural water filtration.
Growing Global Demand for Premium Protein Sources and Health-Conscious Seafood
International consumer preferences are increasingly favoring shrimp as a lean, high-protein food option rich in omega-3 fatty acids and essential nutrients aligned with health-conscious dietary trends. Major export markets, including the United States, European Union, China, and Japan demonstrate sustained demand growth for quality-assured, sustainably produced shrimp products. India's competitive positioning benefits from lower production costs compared to other major producing countries, established processing infrastructure meeting international food safety standards, and growing capability to supply value-added products that command premium pricing in retail and foodservice channels.
Market Restraints:
What Challenges the Indian Shrimp Market is Facing?
Disease Outbreaks Affecting Production Stability
The occurrence of shrimp diseases including White Spot Syndrome Virus, Enterocytozoon hepatopenaei, and Early Mortality Syndrome continues to threaten farming operations, causing production losses, increased mortality rates, and economic disruptions across coastal aquaculture zones. Disease management requires substantial investment in biosecurity infrastructure, diagnostic capabilities, and preventive protocols that increase production costs while limiting intensification potential.
High Production Costs and Input Price Volatility
Rising costs of critical inputs including quality feed, specific pathogen-free broodstock, energy, and disease management products, compress farmer margins despite strong market prices. Feed represents the largest production cost component, and fluctuations in fishmeal and soybean meal prices directly impact farming profitability. Smaller farmers lacking economies of scale face particular challenges accessing competitively priced inputs and technical services.
International Trade Tariffs and Market Access Uncertainties
Exposure to trade policy changes in major export markets creates revenue uncertainty for Indian shrimp exporters despite diversification efforts. The imposition of higher tariffs by the United States has prompted industry restructuring toward alternative destinations, while ongoing negotiations aim to secure improved market access conditions. Currency fluctuations and competing supply from Ecuador, Vietnam, and Indonesia add pricing pressure in international markets.
COMPETITIVE LANDSCAPE:
The Indian shrimp market exhibits a moderately competitive structure characterized by numerous integrated processors and exporters operating across the production value chain. Leading companies are differentiating through investments in modern processing technologies, value-added product development, and international quality certifications that enable premium market positioning. Strategic focus areas include strengthening backward integration with farming operations, expanding processing capacities in key production states, and developing direct relationships with major importers in target markets. The competitive environment encourages continuous improvement in product quality, supply chain efficiency, and sustainability practices as exporters seek to maintain market share amid evolving buyer requirements.
KEY QUESTIONS ANSWERED IN THIS REPORT
1. How big is the Indian shrimp market?
2. What is the projected growth rate of the Indian shrimp market?
3. Which species held the largest Indian shrimp market share?
4. What are the key factors driving market growth?
5. What are the major challenges facing the Indian shrimp market?
Table of Contents
149 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Shrimp Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Market Breakup by Environment
- 5.4 Market Forecast
- 6 Global Wild Shrimp Industry
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Market Forecast
- 7 Global Farmed Shrimp Industry
- 7.1 Market Overview
- 7.2 Market Performance
- 7.2.1 Volume Trends
- 7.2.2 Value Trends
- 7.3 Major Shrimp Producing Countries
- 7.4 Major Shrimp Consuming Countries
- 7.5 Market Breakup by Species
- 7.5.1 Penaeus Vannamei
- 7.5.2 Penaeus Monodon
- 7.5.3 Macrobrachium Rosenbergii
- 7.5.4 Others
- 7.6 Market Breakup by Shrimp Size
- 7.7 Exports
- 7.8 Market Forecast
- 7.8.1 Volume Trends
- 7.8.2 Value Trends
- 8 Indian Shrimp Industry: Market Insights
- 8.1 Evolution of the Indian Shrimp Industry
- 8.2 India’s Position in the Global Shrimp Industry
- 8.3 India’s Shrimp Product Portfolio
- 8.4 Regional Insights
- 8.4.1 Farming
- 8.4.2 Processing
- 8.4.3 Exports
- 8.5 India’s Shrimp Exports
- 8.5.1 Evolution of the Indian Shrimp Export Market
- 8.5.2 India’s Competitiveness versus Other Exporting Countries
- 8.5.3 Export Breakup by Ports
- 8.5.4 Export Breakup by Country
- 8.5.5 Export Breakup by Product Type
- 8.5.6 Export Volume and Value Trend
- 8.5.7 Export Price Trend
- 9 Indian Shrimp Industry: Value Chain
- 9.1 Broodstock Sourcing
- 9.1.1 Sourcing Countries
- 9.1.1.1 Import Volume and Value Trends
- 9.1.1.2 Import Breakup by Country
- 9.1.1.3 Approved Hatcheries for Broodstock Imports
- 9.1.2 Price Trends
- 9.1.3 Sourcing Challenges
- 9.2 Indian Shrimp Feed Industry
- 9.2.1 Market Overview
- 9.2.2 Market Performance
- 9.2.2.1 Production Capacity Trends
- 9.2.2.2 Volume Trends
- 9.2.2.3 Value Trends
- 9.2.3 Price Trends
- 9.2.4 Market Breakup by Type
- 9.2.5 Market Breakup by Region
- 9.2.6 Market Breakup by Ingredient
- 9.2.7 Market Breakup by Additives
- 9.2.8 Import and Export
- 9.2.9 Market Forecast
- 9.2.10 Distribution Channel and Margins
- 9.2.11 Shrimp Feed Price Structure
- 9.2.12 Key Players
- 9.3 Shrimp Farming
- 9.3.1 Shrimp Farming Process Flow
- 9.3.2 Various Types of Unit Operations Involved
- 9.3.3 Shrimp Farming: Cropping Pattern
- 9.3.4 Impact of Macro and Micro Economic Environment
- 9.3.4.1 Micro-Economic Environment
- 9.3.4.2 Macro-Economic Environment
- 9.3.5 Key Industry Statistics
- 9.3.5.1 Area Under Cultivation: Present Status & Future Potential
- 9.3.5.2 State-Wise Shrimp Farming
- 9.3.5.3 Market Breakup by Environment
- 9.3.5.4 Market Breakup by States
- 9.3.5.5 Key Industry Trends
- 9.3.6 Shrimp Farming Cost Structure
- 9.3.7 Revenues and Profit Margins
- 9.3.8 Techno Commercial Aspects of Setting Up a Shrimp Farm
- 9.3.8.1 Land and Infrastructure Requirements
- 9.3.8.2 Capital Investments
- 9.3.8.3 Shrimp Farm Layout
- 9.3.8.4 Manpower Requirements
- 9.3.8.5 Utility Requirements
- 9.3.8.6 Key Success and Risk Factors
- 9.3.9 Shrimp Sales from Farms
- 9.3.9.1 Price Structure
- 9.3.9.2 Role of Agents
- 9.3.9.3 Types of Contracts
- 9.3.9.4 Farm Price Trends
- 9.3.9.5 Transfer Pricing Mechanism
- 9.3.10 Shrimp Farming: Competitive Landscape
- 9.3.11 India’s Competitiveness with Other Countries
- 9.3.12 Government Support and Subsidies
- 9.3.13 Market Outlook
- 9.3.14 Key Players
- 9.4 Shrimp Processing
- 9.4.1 Detailed Process Flow
- 9.4.2 Various Types of Unit Operations Involved
- 9.4.3 Mass Balance and Raw Material Requirements
- 9.4.4 Impact of COVID-19
- 9.4.5 Key Industry Statistics
- 9.4.5.1 Market Overview
- 9.4.5.2 Market Performance
- 9.4.5.3 Market Breakup by Species
- 9.4.5.3.1 Penaeus Vannamei
- 9.4.5.3.2 Penaeus Monodon
- 9.4.5.3.3 Others
- 9.4.5.4 Market Breakup by Shrimp Size
- 9.4.5.4.1 Size 31-40
- 9.4.5.4.2 Size 41-50
- 9.4.5.4.3 Size 51-60
- 9.4.5.4.4 Size 61-70
- 9.4.5.4.5 Size >70
- 9.4.5.4.6 Others
- 9.4.5.5 State-Wise Shrimp Production
- 9.4.5.5.1 West Bengal Shrimp Market
- 9.4.5.5.2 Gujarat Shrimp Market
- 9.4.5.5.3 Andhra Pradesh Shrimp Market
- 9.4.6 Shrimp Processing Cost Structure
- 9.4.7 Revenues and Profit Margins
- 9.4.8 Techno Commercial Aspects of Setting Up a Shrimp Processing Plant
- 9.4.8.1 Land Requirements and Expenditures
- 9.4.8.2 Construction requirements and Expenditures
- 9.4.8.3 Machinery Requirements and Expenditures
- 9.4.8.4 Machinery Pictures
- 9.4.8.5 Raw Material Requirements and Expenditures
- 9.4.8.6 Raw Material and Final Product Pictures
- 9.4.8.7 Packaging Requirements and Expenditures
- 9.4.8.8 Transportation Requirements and Expenditures
- 9.4.8.9 Utility Requirements and Expenditures
- 9.4.8.10 Manpower Requirements and Expenditures
- 9.4.8.11 Other Capital Investments
- 9.4.8.12 Loans and Financial Assistance
- 9.4.8.13 Land and Infrastructure Requirements
- 9.4.8.14 Capital Cost of the Project
- 9.4.8.15 Techno-Economic Parameters
- 9.4.8.16 Product Pricing and Margins Across Various Levels of the Supply Chain
- 9.4.8.17 Taxation and Depreciation
- 9.4.8.18 Income Projections
- 9.4.8.19 Expenditure Projections
- 9.4.8.20 Financial Analysis
- 9.4.8.21 Profit Analysis
- 9.4.9 Processed Shrimp Sales
- 9.4.9.1 Price Structure
- 9.4.9.2 Role of Agents
- 9.4.9.3 Types of Contracts
- 9.4.9.4 Processed Shrimp Price Trends
- 9.4.9.5 Transfer Pricing Mechanism
- 9.4.10 Price and Margin Analysis
- 9.4.10.1 Ex-farm Shrimp Prices
- 9.4.10.2 Processed Shrimp Prices
- 9.4.10.3 Exported Shrimp Prices
- 9.4.10.4 Margins
- 9.5 Shrimp Processing: Competitive Landscape
- 9.6 India’s Competitiveness with Other Countries
- 9.7 Government Support and Subsidies
- 9.7.1 West Bengal
- 9.7.2 Gujarat
- 9.7.3 Andhra Pradesh
- 9.8 Potential of India as a Market for Processed Shrimps
- 9.9 SWOT Analysis
- 9.9.1 Strengths
- 9.9.2 Weaknesses
- 9.9.3 Opportunities
- 9.9.4 Threats
- 9.10 Market Outlook
- 9.11 Key Market Drivers and Success Factors
- 10 Market for Value Added Shrimp Products
- 10.1 Types of Value-Added Products
- 10.2 Processing Requirements
- 10.3 Infrastructure and Skill Requirements
- 10.4 Domestic Demand
- 10.4.1 Market Overview
- 10.4.2 Market Performance
- 10.4.3 Market Breakup by Type
- 10.5 Export Market
- 10.6 Market Outlook
- 11 Indian Shrimp Industry: Key Players
- 11.1 Capacities of Key Players
- 11.2 Profiles of Key Players
- 11.2.1 Nekkanti Seafoods
- 11.2.1.1 Company Overview
- 11.2.1.2 Company Description
- 11.2.1.3 Key Financials
- 11.2.2 Avanti Frozen Foods Private Limited
- 11.2.2.1 Company Overview
- 11.2.2.2 Company Description
- 11.2.2.3 Key Financials
- 11.2.3 Devi Sea Foods Limited
- 11.2.3.1 Company Overview
- 11.2.3.2 Company Description
- 11.2.3.3 Key Financials
- 11.2.4 Falcon Marine Exports Ltd.
- 11.2.4.1 Company Overview
- 11.2.4.2 Company Description
- 11.2.4.3 Key Financials
- 11.2.5 BMR Group
- 11.2.5.1 Company Overview
- 11.2.5.2 Company Description
- 11.2.6 Baby Marine Eastern Exports
- 11.2.6.1 Company Overview
- 11.2.6.2 Company Description
- 11.2.7 Sandhya Marines
- 11.2.7.1 Company Overview
- 11.2.7.2 Company Description
- 11.2.7.3 Key Financials
- 11.2.8 Apex Frozen Foods Limited
- 11.2.8.1 Company Overview
- 11.2.8.2 Company Description
- 11.2.8.3 Key Financials
- 11.2.9 Ananda Aqua Exports Private Limited
- 11.2.9.1 Company Overview
- 11.2.9.2 Company Description
- 11.2.10 Crystal Sea Foods Private Limited
- 11.2.10.1 Company Overview
- 11.2.10.2 Company Description
- 11.2.11 Citrus Alpha Marine LLP
- 11.2.11.1 Company Overview
- 11.2.11.2 Company Description
- 11.2.12 Jaya Lakshmi Sea Foods Private Limited
- 11.2.12.1 Company Overview
- 11.2.12.2 Company Description
- 11.2.13 Ifb Agro Industries Limited
- 11.2.13.1 Company Overview
- 11.2.13.2 Company Description
- 11.2.13.3 Key Financials
- 11.2.14 S.S.F Limited
- 11.2.14.1 Company Overview
- 11.2.14.2 Company Description
- 11.2.15 A.M.Fisheries
- 11.2.15.1 Company Overview
- 11.2.15.2 Company Description
- 11.2.16 JRJ Sea Foods India Private Limited
- 11.2.16.1 Company Overview
- 11.2.16.2 Company Description
- 11.2.17 Anjaneya Sea Foods
- 11.2.17.1 Company Overview
- 11.2.17.2 Company Description
- 11.2.18 Kings Infra Ventures Limited
- 11.2.18.1 Company Overview
- 11.2.18.2 Company Description
- 11.2.19 Kadalkanny Frozen Foods
- 11.2.19.1 Company Overview
- 11.2.19.2 Company Description
- 11.2.20 The Waterbase Limited
- 11.2.20.1 Company Overview
- 11.2.20.2 Company Description
- 11.2.20.3 Key Financials
- 11.2.21 Geo Sea Foods Exports Private Limited
- 11.2.21.1 Company Overview
- 11.2.21.2 Company Description
- 11.2.22 Abad Fisheries Private Limited
- 11.2.22.1 Company Overview
- 11.2.22.2 Company Description
- 11.2.23 K V Marine Exports
- 11.2.23.1 Company Overview
- 11.2.23.2 Company Description
- 11.2.24 Liberty Group of Seafood Companies
- 11.2.24.1 Premier Marine Foods
- 11.2.24.1.1 Company Overview
- 11.2.24.1.2 Company Description
- 11.2.24.2 Kader Exports Private Limited
- 11.2.24.2.1 Company Overview
- 11.2.24.2.2 Company Description
- 11.2.24.2.3 Key Financials
- 11.2.24.3 Liberty Frozen Foods Private Limited
- 11.2.24.3.1 Company Overview
- 11.2.24.3.2 Company Description
- 11.2.24.4 Devi Marine Foods Exports Private Limited
- 11.2.24.4.1 Company Overview
- 11.2.24.4.2 Company Description
- 11.2.25 Zeal Aqua Limited
- 11.2.25.1 Company Overview
- 11.2.25.2 Company Description
- 11.2.25.3 Key Financials
- 11.2.26 Frontline Exports Private Limited
- 11.2.26.1 Company Overview
- 11.2.26.2 Company Description
- 11.2.27 Jude Foods India Private Limited
- 11.2.27.1 Company Overview
- 11.2.27.2 Company Description
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