Product Code: ETC094303 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India shrimp market import shipments experienced a significant decline with a CAGR of -74.6% from 2020 to 2024. However, there was a notable rebound in growth between 2023 and 2024, increasing by 116.7%. The market appears to have stabilized after a period of sharp contraction, showing signs of recovery and potential expansion in the near future.
The India Shrimp Market is expected to grow at a steady rate over the next five years. This growth is attributed to increasing demand for seafood, particularly from foreign markets, and the country???s strong aquaculture industry. The government has taken several steps in recent years to promote and regulate the sector, including providing subsidies for farmers and encouraging private investments in processing facilities. Furthermore, with increased awareness of health benefits associated with eating seafood, consumption is likely to rise further. Moreover, India competitive labor costs and abundant fish resources make it an attractive destination for global investors looking to capitalize on the growing opportunities present in this segment.
Indiashrimp market is driven by rising investments in aquaculture projects, increasing demand from the export markets, and government initiatives to promote the industry. With a favorable climate for aquaculture development, India has emerged as a major producer of farmed shrimps in recent years. Growing disposable incomes and changing food habits are some of the factors driving domestic consumption of shrimp products. Additionally, technological advancements have enabled efficient hatchery management, improved feed quality control systems and better disease management practices resulting in increased production of farm raised shrimp. Further government subsidies on inputs such as feed and other related items are promoting growth within this sector.
A major challenge faced by India Shrimp Market is illegal fishing which depletes its resources leading to higher prices for consumers due to shortage of raw material required for processing these products and resulting in lower overall profits / revenues from sales & exports. This constraint can be addressed through stringent government regulations/policies coupled with effective implementation & monitoring mechanism. Another key challenge facing this market is climate change which affects both water temperature & salinity levels impacting sustainability of related species including prawns/shrimps adversely. This could lead towards emergence or spread of certain diseases among them leading towards reduction in yields significantly , thereby hindering its long term prospects.
Some prominent players operating within India Shrimp Market include Surya Exim (India), Seapride Foods Pvt Ltd., CPF India Ltd., Mahua Aqua Private Limited, Aqualogy Farms Pvt Ltd., Kuanbao Aquatic Products Co Ltd., Triton Group (India), Chennai Fisheries Private Limited amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Shrimp Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Shrimp Market Revenues & Volume, 2021 & 2031F |
3.3 India Shrimp Market - Industry Life Cycle |
3.4 India Shrimp Market - Porter's Five Forces |
3.5 India Shrimp Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 India Shrimp Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 India Shrimp Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 India Shrimp Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.9 India Shrimp Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Shrimp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for shrimp in domestic and international markets due to its health benefits and versatility in culinary applications. |
4.2.2 Growth in aquaculture practices in India leading to higher shrimp production. |
4.2.3 Favorable government policies and initiatives supporting the development of the shrimp farming industry. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of shrimp due to market volatility and factors like weather conditions and disease outbreaks. |
4.3.2 Environmental concerns related to shrimp farming practices such as habitat destruction and water pollution. |
5 India Shrimp Market Trends |
6 India Shrimp Market, By Types |
6.1 India Shrimp Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 India Shrimp Market Revenues & Volume, By Species, 2021-2031F |
6.1.3 India Shrimp Market Revenues & Volume, By Gulf Shrimps, 2021-2031F |
6.1.4 India Shrimp Market Revenues & Volume, By Farmed Whiteleg Shrimps, 2021-2031F |
6.1.5 India Shrimp Market Revenues & Volume, By Banded Coral Shrimps, 2021-2031F |
6.1.6 India Shrimp Market Revenues & Volume, By Royal Red Shrimp, 2021-2031F |
6.1.7 India Shrimp Market Revenues & Volume, By Giant Tiger Shrimps, 2021-2031F |
6.1.8 India Shrimp Market Revenues & Volume, By Blue Shrimps, 2021-2031F |
6.2 India Shrimp Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 India Shrimp Market Revenues & Volume, By Organic, 2021-2031F |
6.2.3 India Shrimp Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 India Shrimp Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 India Shrimp Market Revenues & Volume, By Canned, 2021-2031F |
6.3.3 India Shrimp Market Revenues & Volume, By Breaded, 2021-2031F |
6.3.4 India Shrimp Market Revenues & Volume, By Peeled, 2021-2031F |
6.3.5 India Shrimp Market Revenues & Volume, By Cooked & Peeled, 2021-2031F |
6.3.6 India Shrimp Market Revenues & Volume, By Shell-On, 2021-2031F |
6.3.7 India Shrimp Market Revenues & Volume, By Frozen, 2021-2031F |
6.4 India Shrimp Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 India Shrimp Market Revenues & Volume, By Direct, 2021-2031F |
6.4.3 India Shrimp Market Revenues & Volume, By Indirect, 2021-2031F |
6.5 India Shrimp Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 India Shrimp Market Revenues & Volume, By Food, 2021-2031F |
6.5.3 India Shrimp Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.5.4 India Shrimp Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.5.5 India Shrimp Market Revenues & Volume, By Industrial, 2021-2031F |
6.5.6 India Shrimp Market Revenues & Volume, By Biotechnology, 2021-2031F |
7 India Shrimp Market Import-Export Trade Statistics |
7.1 India Shrimp Market Export to Major Countries |
7.2 India Shrimp Market Imports from Major Countries |
8 India Shrimp Market Key Performance Indicators |
8.1 Average selling price of shrimp in the market. |
8.2 Growth rate of shrimp exports from India. |
8.3 Adoption rate of sustainable shrimp farming practices in the industry. |
9 India Shrimp Market - Opportunity Assessment |
9.1 India Shrimp Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 India Shrimp Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 India Shrimp Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 India Shrimp Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.5 India Shrimp Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Shrimp Market - Competitive Landscape |
10.1 India Shrimp Market Revenue Share, By Companies, 2024 |
10.2 India Shrimp Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |