Top 10 Shrimp Companies in India and Leading Seafood Exporters | 2026

The India shrimp market reached a volume of 1.02 MMT in 2025 and is expected to grow at a CAGR of 9.60% from 2026 to 2035, reaching a volume of approximately 2.55 MMT by 2035. As per the analysis by Expert Market Research, the market is expected to be driven by rising demand for seafood due to its health benefits, expansion of value-added product lines, and diversification into new export destinations following the 2025 US tariff shock.

Figure: Vannamei Shrimp Production in Indian States (in MT), 2020-2021

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India produces around one million metric tonnes of white leg shrimp annually, making it the second-largest producer in the world due to the easy availability of land and labour, and comparatively lower shrimp farming costs. The India shrimp market is anticipated to be heavily impacted by shifting consumer preferences towards seafood in diverse cuisines, due to its abundance of essential proteins, vitamins, and minerals. In FY 2024-25, India's total shrimp exports reached approximately USD 4.88 billion, accounting for nearly 66% of total seafood exports, with the US, EU, China, and Japan being the top destinations.

The market for shrimp in India is also being fuelled by the growing demand for regional and international cuisines and escalating demand for ready-to-eat (RTE) food. According to industry reports, by 2030, the production of RTE/RTC foods in India is expected to reach around INR 9,600 Cr. or 4.6 Lac MT. Young people are the main drivers of the RTE/RTC food sector in India; the millennial generation makes up about 34% of the country's population, suggesting a large potential for the market.

Figure: Tiger Shrimp Production in Indian States (in MT), 2020-2021

Shrimp is a low-glycaemic index (GI) food and a good source of vitamins and minerals. As a result, it enhances the prevention of coronary heart disease with diabetes. According to industry reports, around 11% of India's population is diabetic. Exporters are also pivoting toward value-added formats (breaded, peeled, ready-to-cook) and premium certifications (BAP, ASC) to protect margins as commodity shrimp continues to face global price and policy pressure.

Latest Updates on Top Shrimp Exporters in India | Leading Seafood Suppliers

In February 2026, India and the European Union announced the conclusion of a landmark Free Trade Agreement (FTA) following comprehensive negotiations, with Prime Minister Narendra Modi highlighting significant gains for labour-intensive export sectors. This agreement facilitates Indian shrimp exporters' long-term access to the EU the world's third-largest shrimp market after the US and China and is expected to reduce tariff and non-tariff barriers that have constrained Indian shrimp shipments. Additionally, the deal is seen as a strategic anchor for exporters diversifying away from the US following the 58.26% combined duty imposed on Indian shrimp in August 2025.

In September 2025, the European Union approved 102 additional Indian marine product units for export, bringing the total number of EU-listed Indian facilities to 604. This agreement facilitates a potential 20% increase in India's seafood exports to the EU, directly benefitting publicly listed exporters including Apex Frozen Foods, Coastal Corporation, and Avanti Feeds, whose stocks hit upper circuits on the announcement. Additionally, the approval reflects growing EU confidence in India's food safety and quality assurance systems, particularly for aquaculture shrimp and cephalopods.

In August 2025, the United States imposed an additional 25% penalty tariff on Indian goods stacking on top of an existing 25% reciprocal tariff, 5.77% countervailing duty, and 2.49% anti-dumping duty pushing the effective duty on Indian shrimp exports to 58.26%. This policy shift triggered a rapid restructuring of India's shrimp trade flows, with CRISIL Ratings projecting a 15-18% decline in export volumes and 18-20% revenue contraction for FY 2025-26. Additionally, the development accelerated Indian exporters' diversification toward EU, UK, China, Japan, and the Middle East, alongside a strategic pivot to higher-margin value-added products.

In July 2025, the India-UK Comprehensive Economic and Trade Agreement (CETA) came into force, granting duty-free access for Indian marine exports including frozen shrimp to the United Kingdom market. This agreement facilitates an estimated 70% surge in Indian marine exports to the UK in the coming years, building on FY 2024-25 marine exports of USD 104 million (of which frozen shrimp contributed USD 80 million). Additionally, the pact partially offsets pressure from US tariffs and strengthens India's position in the USD 5.4 billion UK seafood import market, where its current share is only 2.25%.

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Top 10 Shrimp Companies in India | Leading Seafood Exporters

1. Nekkanti Sea Foods Limited

Nekkanti Sea Foods has established its position as one of the largest fully integrated shrimp players in India, with over four decades of experience across hatchery, farming, processing, and global distribution. The company is the exclusive provider of Indian shrimp to some of the top merchants and seafood enterprises in the USA, with a customer base spanning more than 100 clients worldwide. Its product range includes different varieties of shell-on, raw peeled, cooked, and value-added processed shrimps. Nekkanti is certified by Best Aquaculture Practices (BAP) and the Aquaculture Stewardship Council (ASC), underscoring its commitment to sustainable aquaculture. In February 2024, Nekkanti participated in the USD 25 million funding round for online seafood company Captain Fresh (alongside British International Investment), strengthening its presence in the B2B digital seafood distribution ecosystem.

2. Devi Sea Foods Ltd

Devi Sea Foods is one of India's largest shrimp exporters, serving well-known food service and retail clients globally. Founded in 1992 by first-generation entrepreneur Brahmanandam Potru, the company has built a vertically integrated supply chain spanning shrimp processing, farming, hatcheries, feed mills, and a wholly-owned US marketing and distribution subsidiary, Devi Seafoods Inc. The business is structured around three core verticals: shrimp processing and export (its primary revenue driver); shrimp feed manufacturing under the DEVEE Vannamei feed brand; and direct US distribution. As of FY 2023-24, Devi Sea Foods reported revenue of approximately INR 3,310 Cr and employed around 3,500 staff across its operations. The company is a member of the Seafood Task Force and holds BAP and ASC certifications, reflecting its strong focus on sustainable and ethical seafood sourcing.

3. BMR Group

The BMR Group of Industries is a vertically integrated seafood conglomerate that offers shrimp farmers complete solutions with a high level of transparency. Its founding chairman, Dr. Beeda Masthan Rao, is widely regarded as the "Father of Vannamei Farming in India" for pioneering the commercial culture of Litopenaeus vannamei (Pacific white-legged shrimp) in India in 2004. Starting with seed culture in his hometown Iskapalli in 1991, BMR has expanded over three decades into a conglomerate of multiple hatcheries, shrimp processing facilities, feed manufacturing units, and international exports. In 2019, BMR established India's first Broodstock Multiplication Center, a strategic milestone for the domestic shrimp industry. The group's product portfolio includes raw, processed, and cooked shrimp serving major international markets.

4. Jayalakshmi Sea Foods Pvt. Ltd.

Jayalakshmi Sea Foods (JLSF) is a premium exporter of finest-quality, ready-to-eat shrimp from India. Founded in 1995 as a family-owned firm, the company has earned recognition and certifications from global food health and safety organisations including BAP, BRC, FSSC 22000, FSSAI, USFDA HACCP, and EIA approval thanks to rigorous raw-material procurement and processing practices. Its processing facilities, with a capacity of 8,000 MTPA, are strategically located in Bhimavaram, Andhra Pradesh - India's aquaculture heartland. JLSF's product focus spans Black Tiger Prawns and White Tiger (Vannamei) prawns, with strong positioning in Western markets and an emphasis on sustainable sourcing partnerships.

5. SSF Limited

SSF Limited is one of India's longest-established marine product exporters, with a legacy going back to 1968. The company exports large volumes of marine food to key global markets including the Middle East, South Korea, Malaysia, Singapore, Japan, USA, Thailand, China, Vietnam, and major EU destinations. Its product range spans aqua-cultured shrimp (Black Tiger and Vannamei) as well as sea-caught varieties Tiger, White, Flower, Bamboo, Karikadi, and Poovalan giving it one of the broadest shrimp portfolios among Indian exporters. Its long operational history and diversified market access provide some insulation against single-market tariff shocks.

6. Apex Frozen Foods Ltd.

Apex Frozen Foods is a leading integrated producer and exporter of high-quality, shelf-stable aquaculture products, listed on the BSE and NSE under the ticker 'APEX'. The company provides ready-to-cook products to a wide range of clients, including distributors, food companies, retail chains, restaurants, and club stores across the United States, the United Kingdom, and other European markets. Apex majorly processes and exports variants of processed Vannamei shrimp (white shrimp). In FY 2024-25, the company reported consolidated revenue of approximately INR 766 Cr. Following the US tariff shock of August 2025, Apex accelerated its geographic diversification EU sales (excluding UK) grew 18% year-on-year and 21% quarter-on-quarter in Q2 FY26, with non-US business now making up 56% of total revenue. In January-February 2026, the company's stock rallied sharply on the back of the India-EU FTA announcement, touching a 52-week high and reflecting investor confidence in Apex's diversification strategy.

7. Megaa Moda Private Limited (MMPL)

Megaa Moda is a significant, finest-quality shrimp producer and exporter in India, headquartered in Kolkata. The company has long-term partnerships with customers across the globe, including Japan, Vietnam, Thailand, Malaysia, Singapore, Hong Kong, China, Korea, the Netherlands, France, Belgium, and the United States. Its range of shrimp products includes Vannamei, Black Tiger shrimp, Freshwater Scampi, Pink shrimp, White shrimp, and sea-caught shrimp, available in various forms such as HOSO, HLSO, EZPL, PDTO, PD, PUD, and Butterfly, as well as RAW FROZEN in IQF and Block form, and BLANCH in IQF form. The company's diversified Asian and European buyer base has been an advantage amid the 2025 US tariff disruption.

8. Zeal Aqua Limited

Zeal Aqua is a BSE-listed premier aquaculture company (ticker 'ZEALAQUA') engaged in shrimp farming, processing, trading, hatchery operations, and shrimp feed & medicines. The company offers premium-quality shrimp with a production capacity of approximately 1,500 tonnes, employing state-of-the-art technology such as Bio-Security systems, Auto Feeders, and Aeration Systems to produce best-quality shrimp with sustainable practices. Zeal Aqua's operations are organised into three segments shrimp medicines and feeds, shrimp farming, and shrimp processing. As of the twelve months ended March 2025, Zeal Aqua's trailing revenue stood at approximately USD 60 million (INR 500 Cr). In March 2023, the company partnered with LENK Frozen Foods to expand its European Black Tiger shrimp business development and has since deepened its focus on responsible aquaculture and fully integrated seafood sourcing.

9. Coastal Corporation Limited

Coastal Corporation Limited (India) is a BSE-listed seafood producer (ticker 'COASTCORP') led by Chairman & MD T. Valsaraj, engaged in the processing, production, and distribution of seafood globally. The company is HACCP, BRC, and BAP-certified and exports an extensive range of shrimp products to the US, Europe, Canada, the UAE, Saudi Arabia, Australia, Hong Kong, Korea, China, and Russia. Its offerings include cooked shrimp, butterfly shrimp, and a wide range of raw and value-added frozen shrimp (both IQF and block forms). As of FY 2024-25, Coastal Corporation reported revenue of approximately INR 803 Cr. Following the EU's approval of additional Indian marine units in September 2025 and the India-EU FTA announcement in February 2026, the company stands to benefit significantly from expanded European market access.

10. BKV Industries Limited

BKV Industries Ltd. is engaged in shrimp production in India and international exports, with a legacy dating back to 1993. The company is listed on the NSE SME platform, making it one of the few small-cap shrimp exporters accessible to public investors. Its product portfolio includes processed and headless shrimp, primarily for international markets. BKV operates a farming-to-export integrated model and continues to invest in processing capacity upgrades to align with stricter global food safety standards, particularly for EU and US buyers.