PUBLISHER: IMARC | PRODUCT CODE: 1942413
PUBLISHER: IMARC | PRODUCT CODE: 1942413
The Indian shrimp market size was valued at USD 10.1 Billion in 2025 and is projected to reach USD 23.2 Billion by 2034, growing at a compound annual growth rate of 9.7% from 2026-2034.
The Indian shrimp market is experiencing robust expansion driven by escalating global demand for protein-rich seafood and the country's established position as the world's second-largest shrimp producer and exporter. Favorable coastal geography, advancing aquaculture technologies, and supportive government initiatives continue to strengthen production capabilities. Rising health consciousness among consumers worldwide, combined with competitive pricing and compliance with international quality standards, is propelling India's prominence in the global shrimp trade and driving the Indian shrimp market share.
By Species: Penaeus vannamei dominates the market with a share of 72.15% in 2025, driven by its fast growth rate, high reproductive capacity, and adaptability to diverse aquaculture systems across coastal farming regions.
By Species: Penaeus vannamei dominates the market with a share of 72.15% in 2025, driven by its fast growth rate, high reproductive capacity, and adaptability to diverse aquaculture systems across coastal farming regions.
By Shrimp Size: Size 41-50 leads the market with a share of 21.84% in 2025, owing to its versatile culinary applications, optimal balance between portion size and consumer preference for grilling, frying, and value-added preparations.
By Shrimp Size: Size 41-50 leads the market with a share of 21.84% in 2025, owing to its versatile culinary applications, optimal balance between portion size and consumer preference for grilling, frying, and value-added preparations.
By Shrimp Size: Size 41-50 leads the market with a share of 21.84% in 2025, owing to its versatile culinary applications, optimal balance between portion size and consumer preference for grilling, frying, and value-added preparations.
By State: Andhra Pradesh represents the largest segment with a market share of 78% in 2025, attributed to its extensive coastline, favorable climatic conditions, established aquaculture infrastructure, and skilled farming workforce.
By State: Andhra Pradesh represents the largest segment with a market share of 78% in 2025, attributed to its extensive coastline, favorable climatic conditions, established aquaculture infrastructure, and skilled farming workforce.
By State: Andhra Pradesh represents the largest segment with a market share of 78% in 2025, attributed to its extensive coastline, favorable climatic conditions, established aquaculture infrastructure, and skilled farming workforce.
Key Players: The Indian shrimp market exhibits a moderately fragmented competitive structure, with established processors and exporters investing in modern processing technologies, value-added product development, sustainability certifications, and strategic export market diversification to strengthen their global positioning. Some of the key players operating in the market include Nekkanti Seafoods, Avanti Frozen Foods Private Limited, Devi Sea Foods Limited, Falcon Marine Exports Ltd., BMR Group, Baby Marine Eastern Exports, Sandhya Marines, Apex Frozen Foods Limited, Ananda Aqua Exports Private Limited, Crystal Sea Foods Private Limited, Citrus Alpha Marine LLP, Jaya Lakshmi Sea Foods Private Limited, Ifb Agro Industries Limited, S.S.F Limited, A.M.Fisheries, JRJ Sea Foods 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 (Premier Marine Foods, Kader Exports Private Limited, Liberty Frozen Foods Private Limited, and Devi Marine Foods Exports Private Limited), Zeal Aqua Limited, Frontline Exports Private Limited, Jude Foods India Private Limited, etc.
Key Players: The Indian shrimp market exhibits a moderately fragmented competitive structure, with established processors and exporters investing in modern processing technologies, value-added product development, sustainability certifications, and strategic export market diversification to strengthen their global positioning. Some of the key players operating in the market include Nekkanti Seafoods, Avanti Frozen Foods Private Limited, Devi Sea Foods Limited, Falcon Marine Exports Ltd., BMR Group, Baby Marine Eastern Exports, Sandhya Marines, Apex Frozen Foods Limited, Ananda Aqua Exports Private Limited, Crystal Sea Foods Private Limited, Citrus Alpha Marine LLP, Jaya Lakshmi Sea Foods Private Limited, Ifb Agro Industries Limited, S.S.F Limited, A.M.Fisheries, JRJ Sea Foods 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 (Premier Marine Foods, Kader Exports Private Limited, Liberty Frozen Foods Private Limited, and Devi Marine Foods Exports Private Limited), Zeal Aqua Limited, Frontline Exports Private Limited, Jude Foods India Private Limited, etc.
Key Players: The Indian shrimp market exhibits a moderately fragmented competitive structure, with established processors and exporters investing in modern processing technologies, value-added product development, sustainability certifications, and strategic export market diversification to strengthen their global positioning. Some of the key players operating in the market include Nekkanti Seafoods, Avanti Frozen Foods Private Limited, Devi Sea Foods Limited, Falcon Marine Exports Ltd., BMR Group, Baby Marine Eastern Exports, Sandhya Marines, Apex Frozen Foods Limited, Ananda Aqua Exports Private Limited, Crystal Sea Foods Private Limited, Citrus Alpha Marine LLP, Jaya Lakshmi Sea Foods Private Limited, Ifb Agro Industries Limited, S.S.F Limited, A.M.Fisheries, JRJ Sea Foods 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 (Premier Marine Foods, Kader Exports Private Limited, Liberty Frozen Foods Private Limited, and Devi Marine Foods Exports Private Limited), Zeal Aqua Limited, Frontline Exports Private Limited, Jude Foods India Private Limited, etc.
The Indian shrimp market continues to solidify its global standing through strategic investments in aquaculture infrastructure and processing capabilities. The country's extensive coastline offers abundant brackish water resources, creating favorable conditions for shrimp cultivation, especially in coastal regions. Key competitive advantages include cost-efficient labor, well-established supply chains, and the increasing use of disease-free broodstock programs, which improve productivity and overall production efficiency in aquaculture operations. These factors collectively support sustainable growth and enhance the reliability and quality of shrimp farming across the region. India's fish production has grown from 95.79 lakh tonnes in FY 2013-14 to 195 lakh tonnes in FY 2024-25, with inland fisheries and aquaculture contributing over 75% of output. In FY 2023-24, India exported 17.81 lakh MT of seafood valued at ₹60,523.89 crore (US$7.38 billion), led by 7.16 lakh MT of frozen shrimp, which accounted for 40.19% of export volume and 66.12% of export earnings.
Rising Adoption of Sustainable Aquaculture Practices
The Indian shrimp industry is witnessing accelerated adoption of sustainable farming methodologies as exporters align with international certification requirements. Producers are increasingly pursuing Best Aquaculture Practices and Aquaculture Stewardship Council certifications to access premium markets demanding traceability and environmental responsibility. In August 2025, the ASC and Sustainable Fisheries Partnership released a collaborative roadmap for landscape-level improvements in Andhra Pradesh's shrimp farming sector, demonstrating industry commitment to scaling responsible production while supporting the Indian shrimp market growth.
Expansion of Value-Added Processing Capabilities
Indian shrimp processors are transitioning from raw commodity exports toward higher-margin value-added products to capture greater market value. Companies are investing in breading plants, marination facilities, and ready-to-cook product lines that command premium pricing in international markets. Modern processing technologies including automated peeling, deveining, and packaging systems are enabling processors to meet stringent food safety standards while improving operational efficiency and product consistency for discerning global consumers seeking convenient seafood options.
Market Diversification Beyond Traditional Export Destinations
The industry is pursuing strategic market diversification to reduce dependence on traditional export destinations and mitigate tariff-related vulnerabilities. Exporters are strengthening presence in the European Union, Japan, South Korea, and Southeast Asian markets while exploring emerging opportunities in the Middle East and Australia. For instance, the Ministry of Food Processing Industries, in collaboration with the Agricultural & Processed Food Products Export Development Authority (APEDA), the Trade Promotion Council of India (TPCI), and the Government of Bihar, hosted the International Buyer Seller Meet (IBSM) in Patna on 19th and 20th May 2025. The event convenes key participants from the food and allied sectors to facilitate trade, boost exports, and harness the agri-food potential of Bihar.
The Indian shrimp market demonstrates strong growth potential as global seafood consumption patterns increasingly favor high-protein, health-conscious dietary choices. Continued government support through infrastructure investments, duty rationalization, and export promotion initiatives positions the industry for sustained expansion. Technological advancements in disease management, precision aquaculture, and cold chain logistics are expected to enhance production efficiency and product quality, supporting India's competitiveness in international markets. The market generated a revenue of USD 10.1 Billion in 2025 and is projected to reach a revenue of USD 23.2 Billion by 2034, growing at a compound annual growth rate of 9.7% from 2026-2034.