How big is the India Shrimp Market | Size, Segments, and Growth Drivers 2025

What is the growth rate of the India Shrimp Market?

The market is expanding steadily due to rising global demand for Indian shrimp exports, increasing domestic consumption, adoption of advanced aquaculture techniques, and government support to boost seafood exports.

Key Growth Drivers of the India Shrimp Market

• Surge in exports to key global markets like the US, EU, and China
• Technological advancements in shrimp farming and feed efficiency
• Rising domestic seafood consumption due to health awareness
• Government schemes supporting aquaculture infrastructure
• Increasing investments in cold chain and processing facilities

India Shrimp Market Trends

India shrimp market is evolving with a focus on sustainable aquaculture, bio secure farming practices, and high-yield disease-resistant shrimp varieties. The popularity of value-added shrimp products and/or frozen shrimp products is growing in the domestic and export markets. Eco-labelling and certification such as ASC and BAP are increasingly becoming relevant in terms of being eligible to export. There is also the adoption of IoT and AI-based monitoring in aquaculture to increase productivity and traceability.

Emerging Developments in the India Shrimp Market

The emerging trends are the vertical integration, production of large players, affiliation with biotechnology companies to manage diseases, and widening into SPF (Specific Pathogen Free) shrimp seed production. Upgrade of export-oriented clusters in terms of international standards has been done. There is direct sourcing between buyers and farmers through digital platforms. Besides, India is starting to diversify the species of shrimp and test in new markets in East Asia and the Middle East so as to have less dependence on exports.

List of Leading Companies in the India Shrimp Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Avanti Feeds Ltd.

Avanti Feeds is a major supplier of shrimp feed and a leading exporter of processed shrimp, with state-of-the-art aquaculture operations.

2. Devi Seafoods Ltd.

Devi Seafoods is among India’s top shrimp exporters, offering high-quality frozen shrimp processed under strict international standards.

3. The Water base Ltd.

Water base is a pioneer in aquaculture, specializing in shrimp feed, farming support, and value-added seafood products.

4. CP Aquaculture (India) Pvt. Ltd.

A subsidiary of CP Group, it provides high-quality shrimp feed and technical services, contributing significantly to India's shrimp production.

5. Sandhya Aqua Exports Pvt. Ltd.

Sandhya Aqua is a leading processor and exporter of frozen shrimp, with a strong presence in the US and European markets.

6. Growel Feeds Pvt. Ltd.

Growel Feeds manufactures specialized shrimp feed and supports sustainable aquaculture practices through farmer outreach programs.

7. Nekkanti Sea Foods Ltd.

Nekkanti is a major exporter of frozen shrimp, with modern processing facilities and a focus on food safety and compliance.

8. BMR Group

BMR operates integrated aquaculture facilities including hatcheries, farms, feed mills, and processing plants for shrimp export.

9. Apex Frozen Foods Ltd.

Apex is a key player in exporting frozen shrimp to the US, with strong vertical integration from farming to packaging.

10. Kader Exports (Liberty Group)

Kader Exports is part of Liberty Group, known for its wide range of frozen shrimp and seafood offerings with global certification.

How big is the India Shrimp Market : FAQ's