Updated Date: 14-Jan-2026
Sources: IMARC Group
According to IMARC Group’s report titled “Indian Shrimp Market Size, Share, Trends and Forecast by Species, Shrimp Size, and State, 2026-2034“, the report offers a comprehensive analysis of the industry, including Indian shrimp market research report, trends, share, growth and regional insights.
How Big is the Indian Shrimp Industry ?
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.
Indian Shrimp Market Trends:
The Indian shrimp market is undergoing a notable transformation, shaped by advances in aquaculture practices, strong export demand, and a growing emphasis on quality, sustainability, and traceability. Shrimp farming in India is steadily moving toward more organized and technology-driven models, with producers adopting improved hatchery management techniques, high-quality broodstock, and disease-resistant shrimp varieties to enhance survival rates and productivity. Better feed formulations and farm management practices are also being implemented to optimize growth cycles and improve feed conversion ratios. Alongside productivity gains, sustainability has become a key priority, encouraging farmers to adopt biofloc systems, water recirculation methods, and eco-friendly farming approaches that reduce environmental impact and improve resource efficiency.
International trade requirements continue to play a major role in shaping the market. Stringent food safety regulations, quality benchmarks, and traceability standards imposed by major importing regions such as the United States, Europe, and Japan are prompting exporters to strengthen compliance across the value chain. Investments in advanced processing facilities, modern cold chain infrastructure, and digital traceability systems are helping ensure product safety, consistency, and transparency from farm to final market. These upgrades not only support regulatory compliance but also enhance India’s competitiveness as a reliable shrimp supplier in global markets. At the same time, rising consumer awareness regarding antibiotic-free and responsibly farmed seafood is influencing both production practices and branding strategies. Export-oriented producers are increasingly positioning Indian shrimp as safe, sustainably produced, and high-quality. Demand for value-added shrimp products, including peeled, deveined, cooked, and ready-to-eat formats, is expanding, particularly in overseas markets where convenience and uniform quality are highly valued. Improvements in logistics, packaging innovation, and internationally recognized certifications are further strengthening the credibility of Indian shrimp exporters. Collectively, these trends highlight a market that is evolving beyond volume-driven growth toward a more quality-focused, sustainable, and globally aligned shrimp industry in India.
Indian Shrimp Market Scope and Growth Analysis:
The scope of the Indian shrimp market is expanding steadily as global and domestic demand for seafood continues to rise. Shrimp remains one of India’s most important seafood export commodities, with strong demand from international markets supporting long-term growth opportunities. Additionally, the expansion of domestic cold storage facilities and modern processing plants is improving supply chain efficiency and reducing post-harvest losses. Moreover, increasing consumption of protein-rich diets within India is creating new opportunities for shrimp in urban foodservice, hospitality, and retail segments. In addition, government support for aquaculture development, farmer training programs, and infrastructure upgrades is strengthening production capabilities across coastal regions. The market is also benefiting from technological advancements in breeding, feed optimization, and disease management, which enhance yield stability and farmer incomes.
Furthermore, diversification into branded and packaged shrimp products is opening avenues for higher margins and broader market reach. With sustained export demand, improving farming practices, and growing domestic consumption, the Indian shrimp market presents strong growth potential across cultivation, processing, and distribution segments while reinforcing India’s position in the global seafood value chain.
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Indian Shrimp Market Segmentation:
Species Insights:
- Penaeus Vannamei
- Penaeus Monodon
- Others
Shrimp Size Insights:
- Size 31-40
- Size 41-50
- Size 51-60
- Size 61-70
- Size >70
- Others
State Insights:
- West Bengal
- Gujarat
- Andhra Pradesh
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Other Key Points Covered in the Report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: 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.
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