India Vannamei Shrimp Market- Trend Analysis & Forecasts

India Vannamei Shrimp Market Overview:
India's Vannamei shrimp market has emerged as one of the fastest-growing aquaculture sectors, accounting for nearly **% of the country’s total shrimp production in 2024, with an estimated output of ** thousand tonnes. The market value was around US$ ** billion in 2023, driven by strong export demand to the USA, China, and the European Union, which collectively absorb over **% of Indian Vannamei shrimp exports. The sector employs over 3 million people, including farmers, processors, and allied industries, underscoring its socio-economic significance.

Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India's Vannamei shrimp market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends

Market Growth Factors
The Vannamei shrimp market in India is growing at a CAGR of **% from 2023 to 2030, fueled by increasing adoption of modern aquaculture technologies like biofloc systems and genetically improved seed varieties that enhance yield by up to **%. Favorable government policies, including subsidies for hatcheries and cold storage infrastructure, have bolstered production capacity, which rose by **% in 2023. Rising global seafood consumption, particularly in North America and Europe, along with increasing demand for sustainable and traceable shrimp, are key growth drivers. Additionally, investments in disease management protocols have reduced losses from viral outbreaks by **% in recent years.

Market Restraints & Challenges
Despite the growth, challenges persist, including vulnerability to diseases like White Spot Syndrome Virus (WSSV) that caused production dips of 10-15% during outbreak years. Climate change impacts, such as erratic monsoon patterns and rising water temperatures, threaten farming sustainability, leading to periodic yield fluctuations. Rising feed costs, which represent approximately 60% of operational expenditure, increased by 18% in 2023, squeezing farmer margins. Export restrictions and stringent quality regulations in key markets also pose trade barriers, necessitating higher compliance costs. Furthermore, environmental concerns related to mangrove deforestation for shrimp farms may trigger regulatory clampdowns.

Market Segmentation
The market segments include farm size, with smallholders (<5 hectares) representing **% of farms but contributing around **% of production, while commercial-scale farms (>10 hectares) produce **% of total output. By production method, extensive systems account for **%, semi-intensive **%, and intensive **%. Export product forms are classified into fresh/frozen Vannamei shrimp (**%), value-added processed shrimp (**%), and live shrimp (**%). Regionally, Andhra Pradesh and Tamil Nadu contribute **% of the total production, followed by Odisha and West Bengal.

Competitive Landscape
India’s Vannamei shrimp industry comprises numerous small to medium-scale farmers supported by hatcheries and feed producers. Leading hatchery companies like Shrimp Improvement Systems (SIS) and Godrej Agrovet dominate seed supply with improved broodstock. Major feed companies include CP Aquaculture and Avanti Feeds, commanding **% of the feed market. Processors such as Devi Seafoods and Sandhya Aqua handle a significant share of exports. Industry consolidation is gradually occurring through partnerships and vertical integration to improve traceability, quality, and operational efficiency. Innovation in processing technology and cold chain logistics remains a competitive edge.

Outlook
The India Vannamei shrimp market is expected to sustain a CAGR of **% through 2030, potentially reaching a production volume of over ** million tonnes and a market value exceeding US$ ** billion. Advances in selective breeding, disease management, and eco-friendly farming will improve yield resilience. Expansion of value-added shrimp products and new export markets in Southeast Asia and the Middle East will diversify revenue streams. Regulatory emphasis on sustainable practices and social compliance will intensify, aligning India’s shrimp industry with global standards. Overall, the sector is poised for robust growth, driven by technology adoption and rising international demand.

Scope of the Report:
• Historical Years: 2015-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Frozen Shrimp, Canned Shrimp, and Dried/Smoked Shrimp)
Farm size (Smallholders and Commercial-scale Farms)
Production Method (Extensive Systems, Semi-intensive, and Intensive Systems)
By Sales (Domestic Sale and Exports)
• Companies Profiled: The market players include, Avanti Feeds Ltd., Devi Seafoods Ltd., Apex Frozen Foods Ltd., Falcon Marine Exports Ltd., Sandhya Marines Ltd., BMR Group, Kings Infra Ventures Ltd., Nekkanti Seafoods Ltd., Waterbase Ltd., Coastal Corporation Ltd., SSF Ltd., Mangala Marine Exim India Pvt. Ltd., Zeal Aqua Ltd., and Others.

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