Indian Shrimp Market to Grow at a CAGR of 11.5% During 2022-2027 |
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 6.5 billion US$ in 2021. The aforementioned factors, the market is expected to grow at a CAGR of 11.5% during 2022-2027. The shrimp is an invertebrate marine decapod crustacean with a semi-transparent and elongated body. It is usually found in deep and shallow waters and streams. Shrimp is a rich source of essential vitamins, omega-3 fatty acids, selenium, protein and iodine which help eliminate inflammation, maintain healthy lean body mass, strengthen bones and reduce high blood pressure. In addition, shrimp exhibit antioxidant properties, which help recover from chronic diseases and improve skin elasticity. Hence, it is widely consumed as a seafood delicacy in both frozen and fresh form.
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Indian shrimp market trends:
Growing health consciousness and changing consumer inclination towards nutritious meals has facilitated the widespread incorporation of shrimp into the food and beverage (F&B) sector for the preparation of exotic seafood dishes. This, along with the growing awareness of the health benefits associated with their consumption, is primarily driving the growth of the market. Additionally, growing environmental concerns have prompted the Government of India (GoI) to implement a sustainable aquaculture approach to fuel shrimp production, which, in turn, is propelling the growth of the market. Apart from this, the growing demand for ready-to-eat (RTE) products and strategic collaborations among major players to launch innovative product variants in different packaging solutions are driving the market growth.
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 in 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.
Nekkanti Sea Foods Limited
Avanti Frozen Foods Private Limited
Devi Sea Foods Limited
Falcon Marine Exports Ltd.
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
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:
Distribution by shrimp size:
Breakdown by state:
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Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
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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