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Indian Shrimp Market Size, Share, Analysis and Forecast 2022-2027

On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 11.5% during 2022-2027.

SHERIDAN, WY, UNITED STATES, December 6, 2022 / -- 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. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 11.5% during 2022-2027. 

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Shrimp is an invertebrate marine decapod crustacean with a semitransparent and elongated body. It is generally found in deep and shallow waters and streams. Shrimp is a rich source of essential vitamins, omega-3 fatty acids, selenium, protein, and iodine that assist in eliminating inflammation, maintaining a healthy lean body mass, enhancing bone strength, and reducing high blood pressure levels. Additionally, shrimp exhibits antioxidant properties, which aid in recovering from chronic diseases and improving skin elasticity. Consequently, it is extensively consumed as a seafood delicacy in frozen and fresh forms. 

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Download a free sample report to get a detailed overview of the report:

Indian Shrimp Market Trends:

The increasing health consciousness and the shifting consumer inclination toward nutritious meals have facilitated the widespread incorporation of shrimp in the food and beverage (F&B) sector for preparing exotic seafood dishes. This, along with the increasing awareness regarding the health benefits associated with their consumption, is primarily driving the market growth. Additionally, the rising environmental concerns have prompted the Government of India (GoI) to implement a sustainable aquaculture farming approach to fuel shrimp production, which, in turn, is propelling the market growth. Apart from this, the increasing demand for ready-to-eat (RTE) products and strategic collaborations amongst key players to launch innovative product variants in different packaging solutions are contributing to the market growth. 

Indian Shrimp Market 2022-2027 Competitive Analysis and Segmentation:

Based On Species:

Penaeus Vannamei
Penaeus Monodon

Based On Shrimp Size:

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

Based On State:

West Bengal
Andhra Pradesh

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
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.

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures:

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

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

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.

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.

IMARC’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 company’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.

Elena Anderson
+ 16317911145
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