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India Shrimp Market Growth Forecast | 2025-2034 Trends & Insights

The India shrimp market achieved a volume of 0.93 MMT in 2024 and is forecasted to expand at a CAGR of 9.60% from 2025 to 2034, reaching about 2.33 MMT by 2034.

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India Shrimp Market Growth Forecast | 2025-2034 Trends & Insights

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  1. India Shrimp Market Analysis, Growth & Industry Trends Report - Forecast Trends (2025-2034)

  2. About Claight Claight Corporation is the literal incorporation of clarity and insights. We have one principal objective for our clients- Growth! With our robust plan of action, a team of seasoned insight analysts, and experienced consultants, we deliver Success! Dedicated Team: 400+ Our team, with its diverse backgrounds and expertise, is dedicated to providing clients with high-quality, actionable insights. Competent Experts: 3000+ Our panel of consultants know where you are exactly stuck and what should be the right strategy for you to get that pull-back off your back! Industry Reports: 10000+ Our reports are fueled by vast databases covering an array of industries. We provide insights backed by the latest, most relevant data. Industry Domains: 15+ With our deep-rooted expertise and extensive experience, we craft market research solutions specifically designed for your industry's needs.

  3. India Shrimp Market Outlook 2025-2034 The shrimp market in India reached a volume of 0.93 million metric tons (MMT) in 2024. It is projected to grow at a CAGR of 9.60% during the forecast period from 2025 to 2034, reaching an estimated volume of around 2.33 MMT by 2034.

  4. India Shrimp Market Growth India’s shrimp market is witnessing robust growth, fueled by expanding aquaculture practices, increasing domestic consumption, and a strong foothold in global exports. The country has become one of the leading producers and exporters of farmed shrimp, particularly varieties like whiteleg shrimp. Innovations in breeding, disease management, and feed technologies have helped shrimp farming evolve from a traditional practice to a thriving commercial enterprise. The rise in demand from hotels, restaurants, and quick-service outlets further adds momentum to the industry’s upward trajectory. According to Expert Market Research (EMR), the India shrimp market reached a volume of 0.93 million metric tons (MMT) in 2024. The market is expected to grow at a CAGR of 9.60% during the forecast period of 2025–2034, reaching approximately 2.33 MMT by 2034. EMR attributes this growth to several key factors, including rising international demand, improvements in cold-chain logistics, and government support for aquaculture infrastructure. EMR’s insights also highlight that the shift toward more sustainable and certified farming practices is creating new opportunities for exporters, as global buyers increasingly prioritize quality and traceability in seafood sourcing. Moreover, the introduction of modern hatcheries, better-quality feed, and biosecure farming environments has significantly enhanced productivity and yield. Coastal states like Andhra Pradesh, Tamil Nadu, and Odisha have become epicenters of shrimp production due to favorable climate, resource availability, and strong support from state governments. With increasing investments in processing and export infrastructure, as well as growing popularity of shrimp in health-conscious Indian households, the market is well-positioned for long-term expansion. As the industry matures, it continues to balance global competitiveness with sustainability and innovation. 05 This is a sample text. 01 Trade Data Analysis

  5. India Shrimp Market Trends The shrimp market in India is evolving rapidly, driven by advancements in aquaculture technology and changing consumer preferences. Farmers are increasingly adopting intensive and super-intensive farming systems that allow for higher productivity and better disease control. These modern techniques, combined with improved hatchery management and feed quality, are helping shrimp producers maximize yields while reducing environmental impact. As a result, India is strengthening its position not only in domestic consumption but also as a key player in the global seafood supply chain. Sustainability has emerged as a major trend shaping the Indian shrimp industry. With growing awareness around eco-friendly farming practices, many producers are now seeking international certifications and following better aquaculture practices (BAP). These initiatives aim to ensure responsible sourcing, minimize antibiotic use, and maintain the ecological balance of coastal regions. The industry is also seeing a shift toward biofloc technology and recirculating aquaculture systems, which use less water and reduce waste—making shrimp farming more sustainable and scalable for the future. Another significant trend is the rising demand for value-added shrimp products. Consumers are increasingly looking for convenience without compromising on quality, leading to a surge in ready-to-cook and frozen shrimp options in the market. Indian exporters are tapping into this trend by offering a wider range of processed and packaged shrimp tailored to international tastes. Additionally, digital platforms and cold-chain logistics are improving distribution efficiency, allowing shrimp products to reach distant markets faster and fresher than ever before. These developments are transforming shrimp from a commodity into a versatile, premium food product across global markets. 05 This is a sample text. 01 Trade Data Analysis

  6. India Shrimp Industry Segmentation Based On the Environment: • Farming • Processing Based on the Species: • Penaeus Vannamei • Penaeus Monodon • Macrobrachium Rosenbergii • Others Based on the Product Category: • Peeled • Shell-on • Cooked • Breaded • Others 05 This is a sample text. Market Trade Data Analysis Demand Drivers Cost Analysis 01 Trade Data Analysis Additional Insights Competitive Landscape Capacity Additions, Plant Turnarounds and Mergers 01 Trade Data Analysis

  7. India Shrimp Industry Segmentation Based On the Sales Channel: • Hypermarkets and Supermarkets • Hotels and Restaurants • Convenience Stores • Online • Others Based on the Region: • North India • East and Central India • West India • South India 05 This is a sample text. Market Trade Data Analysis Demand Drivers Cost Analysis 01 Trade Data Analysis Additional Insights Competitive Landscape Capacity Additions, Plant Turnarounds and Mergers 01 Trade Data Analysis

  8. Leading Companies in the India Shrimp Market The report provides an in-depth analysis of the leading shrimp companies in India, examining their competitive positioning, production capacities, and recent developments. It highlights key activities such as mergers, acquisitions, investments, capacity expansions, and plant upgrades, offering a comprehensive view of the industry's evolving landscape. Nekkanti Sea Foods Limited Nekkanti Sea Foods is one of the oldest and most prominent shrimp exporters in India. Based in Andhra Pradesh, the company specializes in processing and exporting frozen shrimp to markets such as the United States, Europe, and Japan. Known for its quality standards and modern processing facilities, Nekkanti focuses on sustainable aquaculture practices and has built a reputation for delivering premium-grade shrimp products globally. Devi Sea Foods Ltd Devi Sea Foods is a leading vertically integrated seafood company with operations spanning shrimp hatcheries, farming, processing, and export. With a strong presence in international markets, especially the U.S., Devi is known for its adherence to global food safety and quality certifications. The company emphasizes innovation, traceability, and sustainability, making it a trusted name in both retail and food service sectors. BMR Group BMR Group is a diversified aquaculture company involved in shrimp seed production, farming, feed manufacturing, and processing. It has a fully integrated supply chain that ensures control over quality from hatchery to export. BMR is recognized for its high-tech farms and commitment to biosecurity and environmentally friendly farming techniques. The company exports to numerous countries and is a key contributor to India’s shrimp export economy.

  9. Leading Companies in the India Shrimp Market The report provides an in-depth analysis of the leading shrimp companies in India, examining their competitive positioning, production capacities, and recent developments. It highlights key activities such as mergers, acquisitions, investments, capacity expansions, and plant upgrades, offering a comprehensive view of the industry's evolving landscape. Jayalakshmi Sea Foods Pvt. Ltd. Jayalakshmi Sea Foods is a reputed player in India’s shrimp processing and export industry, primarily dealing with frozen shrimp products. The company operates with strict quality protocols and modern processing units that meet international standards. It serves a wide range of markets and is known for consistency, timely delivery, and maintaining high hygiene standards throughout its operations. SSF Limited SSF Limited (Sandhya Aqua Group) is a major aquaculture firm known for its focus on sustainable shrimp farming and advanced processing capabilities. With hatcheries, feed mills, and modern processing plants, the company has a strong supply chain integration. SSF places emphasis on quality control, innovation, and ethical farming practices, allowing it to cater to demanding markets across the globe. Apex Frozen Foods Ltd. Apex Frozen Foods is a publicly listed company involved in the export of processed and ready-to-cook shrimp products. Headquartered in Andhra Pradesh, Apex has a well-integrated value chain from hatchery to export. The company is known for its modern processing units, R&D focus, and strong relationships with international clients, particularly in North America and Europe. Its offerings include both raw and value-added shrimp products tailored to global consumer needs.

  10. Table of Contents 01 Executive Summary 1.1 Market Size 2024-2025 1.2 Market Growth 2025(F)-2034(F) 1.3 Key Demand Drivers 1.4 Key Players and Competitive Structure 1.5 Industry Best Practices 1.6 Recent Trends and Developments 1.7 Industry Outlook 02 Market Overview and Stakeholder Insights 2.1 Market Trends 2.2 Key Verticals 2.3 Key Regions 2.4 Supplier Power 2.5 Buyer Power 2.6 Key Market Opportunities and Risks 2.7 Key Initiatives by Stakeholders 03 Economic Summary 3.1 GDP Outlook 3.2 GDP Per Capita Growth 3.3 Inflation Trends 3.4 Democracy Index

  11. Table of Contents 3.5 Gross Public Debt Ratios 3.6 Balance of Payment (BoP) Position 3.7 Population Outlook 3.8 Urbanisation Trends 04 Country Risk Profiles 4.1 Country Risk 4.2 Business Climate 05 Global Shrimp Market Overview 5.1 Key Industry Highlights 5.2 Global Shrimp Historical Market (2018-2024) 5.3 Global Shrimp Market Forecast (2025-2034) 5.4 Global Shrimp Market Share by Region 5.4.1 North America 5.4.2 Europe 5.4.3 Asia Pacific 5.4.4 Latin America 5.4.5 Middle East and Africa 06 India Shrimp Market Overview 6.1 Key Industry Highlights 6.2 India Shrimp Historical Market (2018-2024) 6.3 India Shrimp Market Forecast (2025-2034)

  12. Table of Contents 07 India Shrimp Market by Environment 7.1 Farming 7.1.1 Historical Trend (2018-2024) 7.1.2 Forecast Trend (2025-2034) 7.2 Processing 7.2.1 Historical Trend (2018-2024) 7.2.2 Forecast Trend (2025-2034) 08 India Shrimp Market by Species 8.1 Penaeus Vannamei 8.1.1 Historical Trend (2018-2024) 8.1.2 Forecast Trend (2025-2034) 8.2 Penaeus Monodon 8.2.1 Historical Trend (2018-2024) 8.2.2 Forecast Trend (2025-2034) 8.3 Macrobrachium Rosenbergii 8.3.1 Historical Trend (2018-2024) 8.3.2 Forecast Trend (2025-2034) 8.4 Others 09 India Shrimp Market by Product Category 9.1 Peeled 9.1.1 Historical Trend (2018-2024)

  13. Table of Contents 9.1.2 Forecast Trend (2025-2034) 9.2 Shell-on 9.2.1 Historical Trend (2018-2024) 9.2.2 Forecast Trend (2025-2034) 9.3 Cooked 9.3.1 Historical Trend (2018-2024) 9.3.2 Forecast Trend (2025-2034) 9.4 Breaded 9.4.1 Historical Trend (2018-2024) 9.4.2 Forecast Trend (2025-2034) 9.5 Others 10 India Shrimp Market by Sales Channel 10.1 Hypermarkets and Supermarkets 10.1.1 Historical Trend (2018-2024) 10.1.2 Forecast Trend (2025-2034) 10.2 Hotels and Restaurants 10.2.1 Historical Trend (2018-2024) 10.2.2 Forecast Trend (2025-2034) 10.3 Convenience Stores 10.3.1 Historical Trend (2018-2024) 10.3.2 Forecast Trend (2025-2034)

  14. Table of Contents 10.4 Online 10.4.1 Historical Trend (2018-2024) 10.4.2 Forecast Trend (2025-2034) 10.5 Others 11 India Shrimp Market by Region 11.1 North India 11.1.1 Historical Trend (2018-2024) 11.1.2 Forecast Trend (2025-2034) 11.2 East and Central India 11.2.1 Historical Trend (2018-2024) 11.2.2 Forecast Trend (2025-2034) 11.3 West India 11.3.1 Historical Trend (2018-2024) 11.3.2 Forecast Trend (2025-2034) 11.4 South India 11.4.1 Historical Trend (2018-2024) 11.4.2 Forecast Trend (2025-2034) 12 Market Dynamics 12.1 SWOT Analysis 12.1.1 Strengths 12.1.2 Weaknesses

  15. Table of Contents 12.1.3 Opportunities 12.1.4 Threats 12.2 Porter’s Five Forces Analysis 12.2.1 Supplier’s Power 12.2.2 Buyer’s Power 12.2.3 Threat of New Entrants 12.2.4 Degree of Rivalry 12.2.5 Threat of Substitutes 12.3 Key Indicators for Demand 12.4 Key Indicators for Price 13 Competitive Landscape 13.1 Supplier Selection 13.2 Key Global Players 13.3 Key Regional Players 13.4 Key Player Strategies 13.5 Company Profiles 13.5.1 Nekkanti Sea Foods Limited 13.5.1.1 Company Overview 13.5.1.2 Product Portfolio 13.5.1.3 Demographic Reach and Achievements 13.5.1.4 Certifications

  16. Table of Contents 13.5.2 Devi Sea Foods Ltd 13.5.2.1 Company Overview 13.5.2.2 Product Portfolio 13.5.2.3 Demographic Reach and Achievements 13.5.2.4 Certifications 13.5.3 BMR Group 13.5.3.1 Company Overview 13.5.3.2 Product Portfolio 13.5.3.3 Demographic Reach and Achievements 13.5.3.4 Certifications 13.5.4 Jayalakshmi Sea Foods Pvt. Ltd. 13.5.4.1 Company Overview 13.5.4.2 Product Portfolio 13.5.4.3 Demographic Reach and Achievements 13.5.4.4 Certifications 13.5.5 SSF Limited 13.5.5.1 Company Overview 13.5.5.2 Product Portfolio 13.5.5.3 Demographic Reach and Achievements 13.5.5.4 Certifications 13.5.6 Apex Frozen Foods Ltd.

  17. Table of Contents 13.5.6.1 Company Overview 13.5.6.2 Product Portfolio 13.5.6.3 Demographic Reach and Achievements 13.5.6.4 Certifications 13.5.7 Megaa Moda Private Limited (MMPL) 13.5.7.1 Company Overview 13.5.7.2 Product Portfolio 13.5.7.3 Demographic Reach and Achievements 13.5.7.4 Certifications 13.5.8 Zeal Aqua Limited 13.5.8.1 Company Overview 13.5.8.2 Product Portfolio 13.5.8.3 Demographic Reach and Achievements 13.5.8.4 Certifications 13.5.9 Coastal Corporation Limited 13.5.9.1 Company Overview 13.5.9.2 Product Portfolio 13.5.9.3 Demographic Reach and Achievements 13.5.9.4 Certifications 13.5.10 BKV Industries Limited 13.5.10.1 Company Overview

  18. Table of Contents 13.5.10.2 Product Portfolio 13.5.10.3 Demographic Reach and Achievements 13.5.10.4 Certifications 13.5.11 Others

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