India Shrimp Market, By Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii); By Form (Fresh Shrimp, Frozen Shrimp, Processed Shrimp); By Product Category (Peeled, Shell-on, Cooked, Breaded); By End User (Domestic Consumers, HORECA, Seaf

India Shrimp Market, By Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii); By Form (Fresh Shrimp, Frozen Shrimp, Processed Shrimp); By Product Category (Peeled, Shell-on, Cooked, Breaded); By End User (Domestic Consumers, HORECA, Seafood Processors, Exporters); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


India Shrimp Market Size Zooming 2.3X at CAGR of More Than 10% to Touch Tasty Value of USD 18.3 Billion and 0.8 Million Metric Tons by 2030
India Shrimp Market is flourishing due to a spurring demand for protein-rich seafood, an increasing shift in consumer preferences, and the government’s increasing support for the further development of seafood sector.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Shrimp Market size by value at USD 8.1 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Shrimp Market size to expand at a CAGR of 10.24% reaching a value of USD 18.27 billion by 2030. The Shrimp Market in India is propelled by the growing consumer demand for protein-rich seafood, the rising popularity of shrimp-based dishes, and significant advancements in aquaculture practices. The rising shrimp exports due to escalating global demand, particularly from countries like the United States, the European Union, and Japan is expected to further boost the expansion of the India Shrimp Market. Indian shrimp is favored for its quality, competitive pricing, and compliance with international standards. Within India, the growing popularity of shrimp-based cuisine and the preference for protein-rich seafood have accelerated adoption rates. Notably, the widespread use of shrimp in various dishes, supported by India's diverse culinary traditions, has boosted domestic demand. Also, advancements in aquaculture practices and sustainable shrimp farming techniques, along with increased shrimp production, are propelling market growth. Government support through favorable policies, subsidies, and research and development initiatives further enhances production efficiency and ensures adherence to environmental regulations, contributing significantly to the market's expansion.

By volume, BlueWeave estimated the India Shrimp Market size at 697,141 metric tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Shrimp Market size by volume is projected to grow at a CAGR of 10.09% reaching the volume of 832,389 metric tons by 2030. In India, shrimp production through capture reached 343,000 metric tons in 2006. The commercial development of shrimp culture in India has surged in recent years due to economic liberalization, high profitability, and strong international demand. From 70,686 metric tons in 1996-97, shrimp production increased to 143,170 metric tons in 2005-06. Andhra Pradesh emerged as the leading producer of shrimp in India, contributing over the estimated 70,000 metric tons in 2005-06.

Opportunity - Advancements in aquaculture technology

The India Shrimp Market is experiencing notable advancements in aquaculture technologies and practices. Innovations in shrimp breeding, disease management, water quality control, and feed formulations have significantly boosted productivity and yields. Modern techniques, such as pond management systems, biofloc technology, and recirculating aquaculture systems, are being widely adopted to enhance efficiency and sustainability. These advancements have improved shrimp supply and product quality, making Indian shrimp more competitive globally. The growing emphasis on environmentally friendly and sustainable aquaculture practices is also increasing consumer confidence and driving the industry's long-term growth.

Impact of Escalating Geopolitical Tensions on India Shrimp Market

Geopolitical tensions can have a multifaceted impact on the India Shrimp Market by disrupting export routes and increasing trade barriers. Uncertainty in international relations can lead to fluctuating demand and stricter import regulations in key markets like the United States, the European Union, and China. These tensions also cause volatility in currency exchange rates, affecting profitability for exporters. Additionally, geopolitical conflicts may lead to higher transportation costs and delays, further straining the supply chain. Consequently, these challenges hinder market growth and create instability for shrimp producers in India.

India Shrimp Market
Segmental Information
India Shrimp Market – By Species

By species, the India Shrimp Market is divided into Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and other segments. The Penaeus vannamei segment holds the highest share in the India Shrimp Market by species. The Pacific white shrimp (Penaeus vannamei) has become highly favored among shrimp farmers and exporters due to its rapid growth, high reproductive rates, and adaptability to various aquaculture systems. Its introduction in India has transformed the shrimp farming industry, boosting production and enhancing product quality. This species thrives in diverse environmental conditions, enabling successful cultivation in regions like Andhra Pradesh, Gujarat, and West Bengal. Its strong market acceptance, both domestically and internationally, has solidified India’s status as a leading shrimp producer and exporter. The widespread cultivation of Penaeus vannamei is a key driver of the Indian shrimp market's growth and expansion.

India Shrimp Market – By Region

Geographically, the India Shrimp Market is divided into North India, South India, East India, and West India regions. West Bengal, Gujarat, and Andhra Pradesh emerge as key players in the India Shrimp Market. West Bengal, situated along the Bay of Bengal, benefits from abundant access to brackish water, ideal for shrimp farming. Its extensive coastline and favorable climate support a thriving aquaculture industry. Gujarat's coastal geography and robust infrastructure attract significant investment in shrimp farming, aided by proactive government policies and an export-oriented approach. Meanwhile, Andhra Pradesh stands out with its vast coastal area and expertise in shrimp farming, adopting modern practices and emphasizing high-quality production, thus driving India Shrimp Market.

Competitive Landscape

The India Shrimp Market is fragmented, with numerous players serving the market. The key players dominating the India Shrimp Market include Nekkanti Sea Foods Limited, Devi Sea Foods Limited, Avanti Frozen Foods Private Limited, Kings Infra Ventures Limited, Liberty Group of Seafood Companies, Jayalakshmi Sea Foods Pvt. Ltd, SSF Limited, Apex Frozen Foods Ltd, Megaa Moda Private Limited, Zeal Aqua Limited, and Coastal Corporation Limited. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Shrimp Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Shrimp Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. India Shrimp Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing Shift in Consumer Preferences
3.2.1.2. Growing Government Support
3.2.1.3. Rising Demand for Seafood Protein
3.2.2. Restraints
3.2.2.1. Fluctuating Shrimp Prices
3.2.2.2. Disease Outbreaks
3.2.3. Opportunities
3.2.3.1. Increasing Sustainable Practices
3.2.3.2. Rising Advancements in Technology
3.2.4. Challenges
3.2.4.1. Rising Input Costs
3.2.4.2. Competition from global players
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. India Shrimp Market: Marketing Strategies
5. India Shrimp Market Overview
5.1. Market Size & Forecast, 2019–2030
5.1.1. By Value (USD Billion)
5.1.2. By Volume (Metric Tons)
5.2. Market Share & Forecast
5.2.1. By Species
5.2.1.1. Penaeus Vannamei
5.2.1.2. Penaeus Monodon
5.2.1.3. Macrobrachium Rosenbergii
5.2.1.4. Others
5.2.2. By Form
5.2.2.1. Fresh Shrimp
5.2.2.2. Frozen Shrimp
5.2.2.3. Processed Shrimp
5.2.3. By Product Category
5.2.3.1. Peeled
5.2.3.2. Shell-on
5.2.3.3. Cooked
5.2.3.4. Breaded
5.2.4. By End User
5.2.4.1. Domestic Consumers
5.2.4.2. HORECA
5.2.4.3. Seafood Processors
5.2.4.4. Exporters
5.2.5. By Region
5.2.5.1. North India
5.2.5.2. South India
5.2.5.3. East India
5.2.5.4. West India
6. North India Shrimp Market
6.1. Market Size & Forecast, 2019–2030
6.1.1. By Value (USD Billion)
6.1.2. By Volume (Metric Tons)
6.2. Market Share & Forecast
6.2.1. By Species
6.2.2. By Form
6.2.3. By Product Category
6.2.4. By End User
7. South India Shrimp Market
7.1. Market Size & Forecast, 2019–2030
7.1.1. By Value (USD Billion)
7.1.2. By Volume (Metric Tons)
7.2. Market Share & Forecast
7.2.1. By Species
7.2.2. By Form
7.2.3. By Product Category
7.2.4. By End User
8. East India Shrimp Market
8.1. Market Size & Forecast, 2019–2030
8.1.1. By Value (USD Billion)
8.1.2. By Volume (Metric Tons)
8.2. Market Share & Forecast
8.2.1. By Species
8.2.2. By Form
8.2.3. By Product Category
8.2.4. By End User
9. West India Shrimp Market
9.1. Market Size & Forecast, 2019–2030
9.1.1. By Value (USD Billion)
9.1.2. By Volume (Metric Tons)
9.2. Market Share & Forecast
9.2.1. By Species
9.2.2. By Form
9.2.3. By Product Category
9.2.4. By End User
10. Competitive Landscape
10.1. List of Key Players and Their Offerings
10.2. India Shrimp Company Market Share Analysis, 2023
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tensions on India Shrimp Market
12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
12.1. Nekkanti Sea Foods Limited
12.2. Devi Sea Foods Limited
12.3. Avanti Frozen Foods Private Limited
12.4. Kings Infra Ventures Limited
12.5. Liberty Group of Seafood Companies
12.6. Jayalakshmi Sea Foods Pvt Ltd
12.7. SSF Limited
12.8. Apex Frozen Foods Ltd
12.9. Megaa Moda Private Limited
12.10. Zeal Aqua Limited
12.11. Coastal Corporation Limited
12.12. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
14.1. Qualitative Research
14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
14.3.1. Secondary Research
14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 India Shrimp Segmentation
Figure 2 India Shrimp Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Shrimp Market Size, By Value (USD Billion), 2019–2030
Figure 5 India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Figure 6 India Shrimp Market Share, By Species, By Value, 2019–2030
Figure 7 India Shrimp Market Share, By Species, By Volume, 2019–2030
Figure 8 India Shrimp Market Share, By Form, By Value, 2019–2030
Figure 9 India Shrimp Market Share, By Form, By Volume, 2019–2030
Figure 10 India Shrimp Market Share, By Product Category, By Value, 2019–2030
Figure 11 India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Figure 12 India Shrimp Market Share, By End User, By Value, 2019–2030
Figure 13 India Shrimp Market Share, By End User, By Volume, 2019–2030
Figure 14 India Shrimp Market Share, By Region, By Value, 2019–2030
Figure 15 India Shrimp Market Share, By Region, By Volume, 2019–2030
Figure 16 North India Shrimp Market Size, By Value (USD Billion), 2019–2030
Figure 17 North India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Figure 18 North India Shrimp Market Share, By Species, By Value, 2019–2030
Figure 19 North India Shrimp Market Share, By Species, By Volume, 2019–2030
Figure 20 North India Shrimp Market Share, By Form, By Value, 2019–2030
Figure 21 North India Shrimp Market Share, By Form, By Volume, 2019–2030
Figure 22 North India Shrimp Market Share, By Product Category, By Value, 2019–2030
Figure 23 North India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Figure 24 North India Shrimp Market Share, By End User, By Value, 2019–2030
Figure 25 North India Shrimp Market Share, By End User, By Volume, 2019–2030
Figure 26 South India Shrimp Market Size, By Value (USD Billion), 2019–2030
Figure 27 South India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Figure 28 South India Shrimp Market Share, By Species, By Value, 2019–2030
Figure 29 South India Shrimp Market Share, By Species, By Volume, 2019–2030
Figure 30 South India Shrimp Market Share, By Form, By Value, 2019–2030
Figure 31 South India Shrimp Market Share, By Form, By Volume, 2019–2030
Figure 32 South India Shrimp Market Share, By Product Category, By Value, 2019–2030
Figure 33 South India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Figure 34 South India Shrimp Market Share, By End User, By Value, 2019–2030
Figure 35 South India Shrimp Market Share, By End User, By Volume, 2019–2030
Figure 36 East India Shrimp Market Size, By Value (USD Billion), 2019–2030
Figure 37 East India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Figure 38 East India Shrimp Market Share, By Species, By Value, 2019–2030
Figure 39 East India Shrimp Market Share, By Species, By Volume, 2019–2030
Figure 40 East India Shrimp Market Share, By Form, By Value, 2019–2030
Figure 41 East India Shrimp Market Share, By Form, By Volume, 2019–2030
Figure 42 East India Shrimp Market Share, By Product Category, By Value, 2019–2030
Figure 43 East India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Figure 44 East India Shrimp Market Share, By End User, By Value, 2019–2030
Figure 45 East India Shrimp Market Share, By End User, By Volume, 2019–2030
Figure 46 West India Shrimp Market Size, By Value (USD Billion), 2019–2030
Figure 47 West India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Figure 48 West India Shrimp Market Share, By Species, By Value, 2019–2030
Figure 49 West India Shrimp Market Share, By Species, By Volume, 2019–2030
Figure 50 West India Shrimp Market Share, By Form, By Value, 2019–2030
Figure 51 West India Shrimp Market Share, By Form, By Volume, 2019–2030
Figure 52 West India Shrimp Market Share, By Product Category, By Value, 2019–2030
Figure 53 West India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Figure 54 West India Shrimp Market Share, By End User, By Value, 2019–2030
Figure 55 West India Shrimp Market Share, By End User, By Volume, 2019–2030
List of Tables
Table 1 India Shrimp Market Size, By Value (USD Billion), 2019–2030
Table 2 India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Table 3 India Shrimp Market Share, By Species, By Value, 2019–2030
Table 4 India Shrimp Market Share, By Species, By Volume, 2019–2030
Table 5 India Shrimp Market Share, By Form, By Value, 2019–2030
Table 6 India Shrimp Market Share, By Form, By Volume, 2019–2030
Table 7 India Shrimp Market Share, By Product Category, By Value, 2019–2030
Table 8 India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Table 9 India Shrimp Market Share, By End User, By Value, 2019–2030
Table 10 India Shrimp Market Share, By End User, By Volume, 2019–2030
Table 11 India Shrimp Market Share, By Region, By Value, 2019–2030
Table 12 India Shrimp Market Share, By Region, By Volume, 2019–2030
Table 13 North India Shrimp Market Size, By Value (USD Billion), 2019–2030
Table 14 North India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Table 15 North India Shrimp Market Share, By Species, By Value, 2019–2030
Table 16 North India Shrimp Market Share, By Species, By Volume, 2019–2030
Table 17 North India Shrimp Market Share, By Form, By Value, 2019–2030
Table 18 North India Shrimp Market Share, By Form, By Volume, 2019–2030
Table 19 North India Shrimp Market Share, By Product Category, By Value, 2019–2030
Table 20 North India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Table 21 North India Shrimp Market Share, By End User, By Value, 2019–2030
Table 22 North India Shrimp Market Share, By End User, By Volume, 2019–2030
Table 23 South India Shrimp Market Size, By Value (USD Billion), 2019–2030
Table 24 South India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Table 25 South India Shrimp Market Share, By Species, By Value, 2019–2030
Table 26 South India Shrimp Market Share, By Species, By Volume, 2019–2030
Table 27 South India Shrimp Market Share, By Form, By Value, 2019–2030
Table 28 South India Shrimp Market Share, By Form, By Volume, 2019–2030
Table 29 South India Shrimp Market Share, By Product Category, By Value, 2019–2030
Table 30 South India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Table 31 South India Shrimp Market Share, By End User, By Value, 2019–2030
Table 32 South India Shrimp Market Share, By End User, By Volume, 2019–2030
Table 33 East India Shrimp Market Size, By Value (USD Billion), 2019–2030
Table 34 East India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Table 35 East India Shrimp Market Share, By Species, By Value, 2019–2030
Table 36 East India Shrimp Market Share, By Species, By Volume, 2019–2030
Table 37 East India Shrimp Market Share, By Form, By Value, 2019–2030
Table 38 East India Shrimp Market Share, By Form, By Volume, 2019–2030
Table 39 East India Shrimp Market Share, By Product Category, By Value, 2019–2030
Table 40 East India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Table 41 East India Shrimp Market Share, By End User, By Value, 2019–2030
Table 42 East India Shrimp Market Share, By End User, By Volume, 2019–2030
Table 43 West India Shrimp Market Size, By Value (USD Billion), 2019–2030
Table 44 West India Shrimp Market Size, By Volume (Thousand Tonnes), 2019–2030
Table 45 West India Shrimp Market Share, By Species, By Value, 2019–2030
Table 46 West India Shrimp Market Share, By Species, By Volume, 2019–2030
Table 47 West India Shrimp Market Share, By Form, By Value, 2019–2030
Table 48 West India Shrimp Market Share, By Form, By Volume, 2019–2030
Table 49 West India Shrimp Market Share, By Product Category, By Value, 2019–2030
Table 50 West India Shrimp Market Share, By Product Category, By Volume, 2019–2030
Table 51 West India Shrimp Market Share, By End User, By Value, 2019–2030
Table 52 West India Shrimp Market Share, By End User, By Volume, 2019–2030
Table 53 Nekkanti Sea Foods Limited Company Overview
Table 54 Nekkanti Sea Foods Limited Financial Overview
Table 55 Devi Sea Foods Limited Company Overview
Table 56 Devi Sea Foods Limited Financial Overview
Table 57 Avanti Frozen Foods Private Limited Company Overview
Table 58 Avanti Frozen Foods Private Limited Financial Overview
Table 59 Kings Infra Ventures Limited Company Overview
Table 60 Kings Infra Ventures Limited Financial Overview
Table 61 Liberty Group of Seafood Companies Company Overview
Table 62 Liberty Group of Seafood Companies Financial Overview
Table 63 Jayalakshmi Sea Foods Pvt Ltd Company Overview
Table 64 Jayalakshmi Sea Foods Pvt Ltd Financial Overview
Table 65 SSF Limited Company Overview
Table 66 SSF Limited Financial Overview
Table 67 Apex Frozen Foods Ltd Company Overview
Table 68 Apex Frozen Foods Ltd Financial Overview
Table 69 Megaa Moda Private Limited Company Overview
Table 70 Megaa Moda Private Limited Financial Overview
Table 71 Zeal Aqua Limited Company Overview
Table 72 Zeal Aqua Limited Financial Overview
Table 73 Coastal Corporation Limited Company Overview
Table 74 Coastal Corporation Limited Financial Overview
Table 75 Other Prominent Players Company Overview
Table 76 Other Prominent Players Financial Overview

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