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Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

Shrimp is a small free-swimming invertebrate marine animal with an elongated body. The muscular tails of some shrimp species are edible for humans, as a result of which they are widely caught and farmed for human consumption. India has a long coastline, and hence offers scope for large exploitation of marine wealth. Catching of shrimp began in India in the seventies, due to higher returns on account of their export value. These initiatives led to the establishment of commercial hatcheries and shrimp farms in the private sector marking the golden period of tiger shrimp farming in India. According to the latest report by IMARC Group, “Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Indian shrimp market reached a volume of 0.6 Million Tons in 2017.

Easy availability of shrimp and their high nutritional content represent the major growth-inducing factors. They form an important part of various cuisines being one of the most traded seafood species. With the rise in demand for disease-free and healthy shrimp, India has become the largest shrimp exporter to the US and the European Union. Apart from this, increasing health consciousness among the consumers along with rising disposable incomes and improving standards of living are some of the other factors leading to the rise in demand for Indian shrimp. Despite of the presence of numerous growth inducing factors, the market is restrained by outbreak of diseases, adverse weather conditions and infrastructure challenges. Further, the market is expected to reach a volume of 1.1 Million Tons by 2023, exhibiting a CAGR of 10.3% during 2018-2023.

The report has segmented the Indian shrimp market on the basis of species. Presently, Penaeus Vannamei (White-leg shrimp) dominates the total shrimp production in India, followed by Penaeus Monodon (Black Tiger Shrimp). On the basis freezing technology, the report has been segmented into IQF and block freezing. The market is further segmented on a regional basis, covering Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Orissa and Maharashtra. Amongst these, Andhra Pradesh represents the largest state in the shrimp production with more than a half share in the total production.

This report provides a deep insight into the Indian shrimp industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a shrimp processing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian shrimp industry in any manner.

Key Questions Answered in This Report:

How has the Indian shrimp market performed so far and how will it perform in the coming years?
What are the key regional markets in the Indian shrimp industry?
What are the key species in the Indian shrimp market?
What are the types of freezing technologies in the Indian shrimp market?
What are the price trends of Indian shrimp?
What are the export trends of Indian shrimp?
What are the various stages in the value chain of the Indian shrimp industry?
What are the key driving factors and challenges in the Indian shrimp industry?
What is the structure of the Indian shrimp industry and who are the key players?
What is the degree of competition in the Indian shrimp industry?
What are the profit margins in the Indian shrimp industry?
What are the key requirements for setting up shrimp processing plant?
How is shrimp processed?
What are the various unit operations involved in a shrimp processing plant?
What is the total size of land required for setting up a shrimp processing plant?
What are the machinery requirements for setting up a shrimp processing plant?
What are the raw material requirements for setting up a shrimp processing plant?
What are the packaging requirements for shrimp?
What are the transportation requirements for shrimp?
What are the utility requirements for setting up a shrimp processing plant?
What are the manpower requirements for setting up a shrimp processing plant?
What are the infrastructure costs for setting up a shrimp processing plant?
What are the capital costs for setting up a shrimp processing plant?
What are the operating costs for setting up a shrimp processing plant?
What will be the income and expenditures for a shrimp processing plant?
What is the time required to break-even?


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
5.4 Major Shrimp Producing Countries
5.5 Major Shrimp Consuming Countries
5.6 Market Breakup by Species
5.7 Market Breakup by Shrimp Size
5.8 Imports and Exports
5.9 Market Forecast
6 Indian Shrimp Industry
6.1 Indian Shrimp Aquaculture: Potential of Various States
6.1.1 Area Under Shrimp Cultivation: Current and Historical Market Trends
6.1.2 Shrimp Industry as a Part of Seafood Market
6.2 Market Overview
6.3 Market Performance
6.3.1 Volume Trends
6.3.2 Value Trends
6.4 Market Breakup by Species
6.4.1 Penaeus Monodon (Black Tiger Shrimp)
6.4.2 Penaeus Vannamei (White-leg Shrimp)
6.4.3 Others
6.5 Market Breakup by Shrimp Size
6.5.1 31-40
6.5.2 41-50
6.5.3 51-60
6.5.4 61-70
6.5.5 >70
6.5.6 Others
6.6 Market Breakup by State
6.6.1 Black Tiger Shrimp Production by States
6.6.2 White-Leg Shrimp Production by States
6.7 West Bengal Shrimp Market
6.7.1 Penaeus Monodon (Black Tiger Shrimp) Market
6.7.2 Penaeus Vannamei (White-Leg Shrimp) Market
6.7.3 Initiatives by the Government of West Bengal
6.8 Gujarat Shrimp Market
6.8.1 Penaeus Monodon (Black Tiger Shrimp) Market
6.8.2 Penaeus Vannamei (White-Leg Shrimp) Market
6.8.3 Initiatives by the Government of Gujarat
6.9 Andhra Pradesh Shrimp Market
6.9.1 Penaeus Monodon (Black Tiger Shrimp) Market
6.9.2 Penaeus Vannamei (White-Leg Shrimp) Market
6.9.3 Initiatives by the Government of Andhra Pradesh
6.10 Imports and Exports
6.11 Market For Value Added Shrimp Products
6.11.1 Market Overview
6.11.2 Market Performance
6.11.3 Market Breakup by Type
6.11.4 Market Forecast
6.12 Global Shrimp Industry: SWOT Analysis
6.12.1 Strengths
6.12.2 Weaknesses
6.12.3 Opportunities
6.12.4 Threats
6.13 Global Shrimp Industry: Value Chain Analysis
6.13.1 Broodstock & Hatchery
6.13.2 Shrimp Harvesting
6.13.3 Auction
6.13.4 Peeling/Pre-processing
6.13.5 Large Scale Industrial Processing
6.13.6 Packaging and Export
6.14 Porter’s Five Forces Analysis
6.14.1 Overview
6.14.2 Bargaining Power of Buyers
6.14.3 Bargaining Power of Suppliers
6.14.4 Degree of Rivalry
6.14.5 Threat of New Entrants
6.14.6 Threat of Substitutes
6.15 Key Success Factors
6.16 Competitive Landscape
6.16.1 Competitive Structure
6.16.2 Key Players
7 Setting Up a Shrimp Processing Plant
7.1 Shrimp Processing
7.1.1 Product Overview
7.1.2 Detailed Process Flow
7.1.3 Various Types of Unit Operations Involved
7.1.4 Mass Balance and Raw Material Requirements
7.2 Project Details, Requirements and Costs Involved
7.2.1 Land Requirements and Expenditures
7.2.2 Construction Requirements and Expenditures
7.2.3 Plant Machinery
7.2.4 Machinery Pictures
7.2.5 Raw Material Requirements and Expenditures
7.2.6 Raw Material and Final Product Pictures
7.2.7 Packaging Requirements and Expenditures
7.2.8 Transportation Requirements and Expenditures
7.2.9 Utility Requirements and Expenditures
7.2.10 Manpower Requirements and Expenditures
7.2.11 Other Capital Investments
7.3 Loans and Financial Assistance
7.4 Project Economics
7.4.1 Capital Cost of the Project
7.4.2 Techno-Economic Parameters
7.4.3 Product Pricing and Margins Across Various Levels of the Supply Chain
7.4.4 Taxation and Depreciation
7.4.5 Income Projections
7.4.6 Expenditure Projections
7.4.7 Financial Analysis
7.4.8 Profit Analysis
List of Figures
Figure 1: Global: Shrimp Industry Overview
Figure 2: Global: Shrimp Market: Volume Trends (in Million Tons), 2010 - 2017
Figure 3: Global: Shrimp Market: Value Trends (in Million US$), 2010 & 2017
Figure 4: Shrimp Price Trends (in US$/Ton), 2015 - 2017
Figure 5: Global: Shrimp Market: Production by Region (in %), 2017
Figure 6: Global: Shrimp Market: Consumption by Region (in %), 2017
Figure 7: Global: Shrimp Market: Breakup by Species (in %), 2017
Figure 8: Global: Shrimp Market: Breakup by Size (in %), 2017
Figure 9: India: Shrimp Production: Area Under Shrimp Cultivation (in Million Hectares), 2010-2017
Figure 10: India: Seafood Export Market: Frozen Shrimp Market Share (in %), 2017
Figure 11: India: Shrimp Market: Production Volume (in Million Tons), 2010-2017
Figure 12: India: Shrimp Market: Production Value (in Million US$), 2010-2017
Figure 13: India: Shrimp Market: Average Price Trends (in US$/Kg)
Figure 14: India: Shrimp Market: Production Breakup by Species (in %), 2017
Figure 15: India: Shrimp Market: Breakup by Head-less Shrimp and Head-On Shrimp (in %), 2017
Figure 16: India: Shrimp Market Forecast: Breakup by Head-Less and Head-On Shrimp (in %), 2023
Figure 17: India: Shrimp Market: Breakup by Freezing Process (in %), 2017
Figure 18: India: Shrimp Market: Breakup by Freezing Process (in %), 2023
Figure 19: India: Shrimp Market: Breakup by Export and Domestic Consumption (in %), 2017
Figure 20: India: Shrimp Market: Production Breakup by States (in %), 2017
Figure 21: India: Tiger Shrimp Market: Production Breakup by State (in %), 2017
Figure 22: India: White-Leg Shrimp Market: Production Breakup by State (in %), 2017
Figure 23: India: Shrimp Market: Export Volume Breakup by Country (in %), 2017
Figure 24: India: Shrimp Market: Export Volume Breakup by State (in %), 2017
Figure 25: India: Shrimp Market Forecast: Production Volume (in Million Tons), 2018-2023
Figure 26: India: Shrimp Market Forecast: Production Value (in Million US$), 2018-2023
Figure 27: India: Shrimp Market Forecast: Average Price Trends (in US$/Kg), 2018-2023
Figure 28: Shrimp Industry: SWOT Analysis
Figure 29: India: Shrimp Processing Industry: Value Chain Analysis
Figure 30: Shrimp Industry: Porter’s Five Forces Analysis
Figure 31: Shrimp Processing Plant: Detailed Process Flow
Figure 32: Shrimp Processing: Conversion Rate of Feedstocks
Figure 33: Shrimp Processing Plant: Cooked Shrimp Packaging
Figure 34: Shrimp Processing Plant: Shrimp-Meal Packaging
Figure 35: Shrimp Processing Process: Breakup of Capital Costs (in %)
Figure 36: Shrimp Industry: Profit Margins at Various Stages of Supply Chain
Figure 37: Shrimp Processing: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: India: Area Under Aquaculture Production: Present Status and Future Potential
Table 2: India: Frozen Shrimp Market: Export Volumes and Values, 2009 - 2016
Table 3: India: Shrimp Market: Key Industry Highlights, 2016 and 2022
Table 4: India: Shrimp Processing Capacity of Various Regions
Table 5: India: West Bengal Shrimp Market: Area Under Culture and Production
Table 6: India: West Bengal Penaeus Monodon (Black Tiger Shrimp) Market: Area Under Culture and Production
Table 7: India: West Bengal Penaeus Vannamei Shrimp (White-Leg Shrimp): Area Under Culture and Production
Table 8: India: Gujarat Shrimp Market: Area Under Culture and Production
Table 9: India: Gujarat Penaeus Monodon (Black Tiger Shrimp) Market: Area Under Culture and Production
Table 10: India: Gujarat Penaeus Vannamei Shrimp (White-Leg Shrimp): Area Under Culture and Production
Table 11: India: Shrimp Market: Competitive Landscape
Table 12: Shrimp Processing Plant: Raw Material Requirements (in Tons/Year)
Table 13: Shrimp Processing Plant: Costs Related to Land and Site Development (in US$)
Table 14: Shrimp Processing Plant: Costs Related to Civil Works (in US$)
Table 15: Shrimp Processing Plant: Costs Related to Machinery (in US$)
Table 16: Shrimp Manufacturing Plant: Raw Material Requirements (in Tons/Year)
Table 17: Shrimp Processing Plant: Utility Requirements and Expenditures
Table 18: Shrimp Processing Plant: Costs Related to Salaries and (in US$)
Table 19: Shrimp Processing Plant: Costs Related to Other Capital Investments (in INR)
Table 20: Details of Financial Assistance Offered by Financial Institutions
Table 21: Shrimp Processing Plant: Capital Costs (in US$)
Table 22: Shrimp Processing Plant: Techno-Economic Parameters
Table 23: Shrimp Processing Plant: Taxation (in US$/Year)
Table 24: Shrimp Processing Plant: Depreciation (in US$/Year)
Table 25: Shrimp Processing Plant: Income Projections (in US$)
Table 26: Shrimp Processing Plant: Expenditure Projections (in US$)
Table 27: Shrimp Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 28: Shrimp Processing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 29: Shrimp Processing Plant: Profit and Loss Account (in US$)

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