With 11.5% CAGR, Indian Shrimp Market to Reach US$ 12.7 Billion by 2027 | Industry Report

PRESS RELEASE
Published April 18, 2023

According to the latest report by IMARC Group, titled "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. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2027, exhibiting a CAGR of 11.5% during 2022-2027.

The shrimp represents an invertebrate marine animal with an elongated body belonging to the largest class of crustaceans, also known as Malacostraca. It is usually found in streams, freshwater lakes, and deep and shallow water. Shrimp is a rich source of proteins, selenium, antioxidants, phosphorus, iron, copper, magnesium, vitamin B12, etc. Consequently, it helps in facilitating weight loss, fighting aging, improving bone health, preventing cardiovascular diseases, decreasing menstrual pain, etc. Shrimp also contains low saturated fat content. As such, it is commonly consumed seafood across India.

๐†๐ž๐ญ ๐…๐ซ๐ž๐ž ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/indian-shrimp-market/requestsample

Indian Shrimp Market Trends:

The escalating demand for fisheries as an economic activity that offers vast growth opportunities, on account of the long coastline and favorable geographical conditions, is primarily driving the Indian shrimp market. Additionally, the inflating popularity of regional and international cuisines and the growing consumer health consciousness are further bolstering the market growth. Besides this, the launch of various favorable policies by government bodies to encourage organic shrimp farming practices, the easy availability and affordability of land and labor, and the relatively lower shrimp production costs are acting as significant growth-inducing factors. Moreover, individuals are incorporating shrimp in their daily diets, owing to its numerous associated benefits, which is propelling the market growth across the country. Apart from this, the rising utilization of ready-to-eat food items by the working population and the increasing disposable income levels are also stimulating the market growth. Furthermore, the introduction of frozen and processed product variants is anticipated to fuel the Indian shrimp market over the forecasted period.

Indian Shrimp Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Indian shrimp market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Nekkanti Sea Foods Limited
  • Avanti Frozen Foods Private Limited
  • Devi Sea Foods Limited
  • Falcon Marine Exports Ltd
  • BMR Group
  • Baby Marine (Eastern) Exports
  • 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
  • M.Fisheries
  • JRJ Seafoods India Private Limited
  • Anjaneya Sea Foods
  • Kings Infra Ventures Limited
  • Kadalkanny Frozen Foods
  • The Waterbase Limited
  • Geo Sea Foods Exports Private Limited
  • Abad Fisheries Private Limited
  • K V 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.

Key Market Segmentation:

The report has segmented the Indian shrimp market on the basis of species, shrimp size and region.

Breakup by Species:

  • Penaeus Vannamei
  • Penaeus Monodon
  • Others

Breakup by Shrimp Size:

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

Breakup by State:

  • West Bengal
  • Gujarat
  • Andhra Pradesh

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=849&flag=E

We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Key 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
  • Comprehensive mapping of the competitive landscape

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

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCโ€™s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companyโ€™s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

IMARC