Market price

Indian Shrimp Market Price Trends, Size, Share, Demand and Forecast 2022-2027 – IMARC Group

SHERIDAN, WYOMING, USA, May 24, 2022 / — According to IMARC Group’s latest report, “Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Indian shrimp market reached a value of US$6.5 billion in 2021. Due to the above-mentioned factors, the market is expected to grow at a CAGR of 11.5% during the period 2022-2027.

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Indian shrimp market trends:

The market is mainly driven by the easy availability of healthy and disease-free prawns in India. The country has a long coastline and favorable geographical conditions suitable for shrimp farming. This, coupled with the countrywide availability and affordability of land and labor and the relatively lower production costs of prawns, has led India to become one of the largest exporters of shrimp and the main source of frozen shrimp products across the world, especially in the United States and European Union. The growing demand for shrimp products globally, therefore, provides impetus for the growth of the domestic market. Moreover, rapid urbanization and growing popularity of regional and international cuisines across India have led the masses to incorporate prawns into their daily diets. This is further supported by the growing awareness of the numerous health benefits offered by its consumption. Moreover, there has been an increasing demand for ready-to-eat food products owing to the hectic lifestyles led by the majority of the population and their changing food preferences. This, coupled with the inflation of personal disposable incomes, has facilitated the adoption of frozen and processed shrimp products across the country. Furthermore, the Indian government is undertaking various initiatives to encourage organic shrimp farming practices with the aim of reducing the environmental impact of shrimp aquaculture, thereby creating a positive outlook for the market.

Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Key Market Segmentation:

IMARC Group provides an analysis of key trends for each sub-segment of the Indian Shrimp market, along with country and state level forecasts from 2022 to 2027. Our report has categorized the market based on species and size. prawn size.

Competitive Landscape:

Nekkanti Sea Foods Limited
Avanti Frozen Foods Private Limited
Devi Sea Foods Limited
Falcon Marine Exports Ltd.
BMR Group
Baby Marine Exports (East)
Sandhya Marines Ltd
Apex Frozen Foods Limited
Ananda Aqua Exports Private Limited
Crystal Sea Foods Private Limited
Citrus Alpha Marine LLP
Jaya Lakshmi Seafoods Private Limited
Ifb Agro Industries Limited
SSF limited
JRJ Seafoods India Private Limited
Anjaneya Sea Foods
Kings Infra Ventures Limited
Kadalkanny Frozen Foods
The limited water base
Geo Sea Foods Exports Private Limited
Abad Fisheries Private Limited
KV Marine Exports
Liberty Group of Seafood Companies
Kader Exports Private Limited
Liberty Frozen Foods Private Limited
Devi Marine Foods Exports Private Limited
Zeal Aqua Limited
Frontline Exports Private Limited
Jude Foods India Private Limited.

Breakdown by species:

Peneus Vannamei
Penaeus Monodon

Distribution by shrimp size:

Size 31-40
Size 41-50
Size 51-60
Size 61-70
Size >70

Breakdown by state:

West Bengal
Andhra Pradesh

Full report with table of contents and list of figures:

Note: We are updating our reports. If you want to get the report with the latest primary and secondary data (2022-2027) including industry trends, market size and competitive landscape etc. Click on request a free sample report, the published report will be delivered to you in PDF format by e-mail within 24 to 48 hours.

Main highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market trends
Market drivers and success factors
Impact of COVID-19
Value chain analysis
Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

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