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Report Overview
The India aquaculture market was valued at USD 23.11 Billion in 2025. The market is expected to grow at a CAGR of 5.70% during the forecast period of 2026-2035 to reach a value of USD 40.23 Billion by 2035. The market has become more strategic with growing investments in research and development activities, along with the implementation of new and developed technologies to curb the fundamental problems in the industry which include outbreaks of diseases, low rate of survival and climate stressors.
Key Market Trends and Insights
- East India dominated the market in 2025 and is projected to grow at a CAGR of 6.5% over the forecast period.
- By environment, brackish water is expected to grow at a CAGR of 6.6% over the forecast period.
- By fish type, marine shrimps and prawns are projected to witness a CAGR of 7.4% over the forecast period.
Market Size & Forecast
- Market Size in 2025: USD 23.11 Billion
- Projected Market Size in 2035: USD 40.23 Billion
- CAGR from 2026 to 2035: 5.70%
- Fastest-Growing Regional Market: East India
The India aquaculture market is witnessing robust growth, driven by the increasing adoption of advanced feed formulations that enhance growth performance, disease resistance, and overall farm efficiency. Concurrently, the market is benefiting from the integration of digital farm management solutions, including IoT-enabled monitoring, AI-based predictive analytics, and traceability platforms, which help farmers optimize production and reduce operational risks. These technological and nutritional advancements are enabling scalable and sustainable aquaculture operations across freshwater, brackish, and marine environments. Together, these factors are strengthening the competitiveness of the market while supporting both domestic supply and export potential.
Market players are increasingly becoming aware of the imperative of developing innovation pipelines beyond traditional practices, focusing on high value nutritional solutions, digital advisory and biologicals that enhance the overall performance and sustainability of the farm. Increased focus on applied research and technical partnership also facilitates knowledge transfer between international centers of research to local agricultural communities so that the producers in India are able to implement next generation strategies more rapidly. India can be made more competitive in the export front, and the variability of domestic supply can be handled with targeted technology investments that enhances the productivity of the farm and resiliency of the value chain. A notable example is the USD 4.5 million investment announced by Aquaconnect to expand aquaculture research and facilities, accelerating product development and delivering customized technology solutions for Indian farmers.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Compound Annual Growth Rate
5.7%
Value in USD Billion
2026-2035
*this image is indicative*
|
India Aquaculture Market Report Summary |
Description |
Value |
|
Base Year |
USD Billion |
2025 |
|
Historical Period |
USD Billion |
2019-2025 |
|
Forecast Period |
USD Billion |
2026-2035 |
|
Market Size 2025 |
USD Billion |
23.11 |
|
Market Size 2035 |
USD Billion |
40.23 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
5.70% |
|
CAGR 2026-2035 - Market by Region |
East India |
6.5% |
|
CAGR 2026-2035 - Market by Region |
South India |
6.1% |
|
CAGR 2026-2035 - Market by Environment |
Brackish Water |
6.6% |
|
CAGR 2026-2035 - Market by Fish Type |
Marine Shrimps and Prawns |
7.4% |
|
2025 Market Share by Region |
West India |
17.5% |
Key Trends and Recent Developments
Policy-Driven Expansion and Public Funding
Government efforts have been a fundamental facilitator of development in the India aquaculture market, where policy frameworks are developing infrastructure, finance, and sustainable practices in the country. With specific programs, both grassroots agricultural productivity and commercial scaling opportunities are being created, owing to public funding, in both inland and coastal areas. This type of ecosystem support is crucial for de-risking investments and integrating small-scale producers into new supply chains, thereby enhancing the long-term stability of the industry. For example, the government's grant of the aquaculture expansion project in the northern part of India, announced in October 2025, aimed at creating inland aquaculture clusters to increase production and incomes in rural regions.
Innovative Product Launches Supporting Health & Performance
Product innovation is one of the primary growth trends in the India aquaculture market, as producers are becoming more interested in feeds and health inputs that can boost performance in varied environmental situations. Quality aquafeeds that contain functional nutrition assist farmers in reducing the effects of diseases, besides enhancing the rate of growth and economics of the farm. This emphasis on product differentiation is also provoking the competition between the feed manufacturers to provide solutions that can be used for Indian species and under Indian production conditions. For instance, in April 2024, the Skretting functional shrimp diet Armis was introduced, with the aim of improving shrimp production resilience and productivity.
Digitalization and Structured Trading Platforms Transforming Transparency, Efficiency, and Market Access
Digitalization and structured trading platforms are currently influencing the aquaculture market growth in India, allowing farmers to improve operational efficiency, get equal pricing, and improve supply chain visibility. Such activities enable direct interaction between producers and buyers/exporters, which minimizes middlemen, improves traceability, and promotes better quality. The technology-based solutions are also used to aid in data gathering and analytics to enable the stakeholders to make informed production and marketing decisions. Since the launch of e-SANTA in April 2021, the platform has enabled a paperless, cashless trading environment, directly connecting aqua farmers with buyers while improving incomes and market access.
Community & Livelihood Development Initiatives
By providing smallholder farmers with infrastructure, market connectivity, and skill development, inclusion initiatives are reshaping the India aquaculture market dynamics. Rural capacity building not only enhances equitable economic development but also increases the producer base, which supports the whole aquaculture value chain. Combining technical training and livelihood support can assist the farmers to embrace better production techniques and increase production and feed nutrition. For instance, in August 2025, ICAR launched the AquaLivelihood Project in South Asia, including India, to improve the fish farming livelihoods and nutrition security of over 120,000 rural people.
Conservation-Linked Scientific Breakthroughs
Scientific breakthroughs are altering the India aquaculture market by ensuring sustainable species production and the restoration of aquatic habitats, which are the foundations of long-term production stability. Advances in breeding and hatchery science open up new prospects for cultivating underexploited or endangered species, thereby contributing to biodiversity conservation. These innovations reduce input risk and create new product streams for both domestic consumption and export markets, which is consistent with environmental and economic growth objectives. For instance, in February 2026, Central Marine Fisheries Research Institute achieved induced breeding success in endangered mangrove clams, enabling the development of estuarine aquaculture.
India Aquaculture Industry Segmentation
The EMR’s report titled “India Aquaculture Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Environment
- Marine Water
- Freshwater
- Brackish Water
Key Insight: The India aquaculture market scope comprises various environments, including marine water, freshwater, and brackish water settings, with each contributing to growth in a dissimilar manner. Companies like Avanti Feeds Limited, which focus on the production of shrimp and finfish using offshore cages and RAS technology to increase productivity and export potential, are leading the marine water aquaculture industry. Freshwater aquaculture primarily focuses on species such as carp, trout, and other native varieties, with productivity improving through advanced feed formulations, disease prevention measures, and continuous monitoring practices. Modern hatcheries, integrated processing facilities, and coastal infrastructure are being developed in brackish water systems to support the high-value production of prawns and shrimp, boosting both domestic and international trade.
Market Breakup by Fish Type
- Brown Seaweeds
- Red Seaweeds
- Marine Shrimps and Prawns
- Oysters
- Carps, Barbels and Other Cyprinids
- Salmons, Trouts, Smelts
- Others
Key Insight: The India aquaculture market report analyzes brown and red seaweeds, marine shrimps and prawns, oysters, carps, barbels and other cyprinids, salmons, trouts, smelts, and other species, all of which have contributed to market growth through specialized farming methods, improved feeds, and sustainability. Technology-driven expansion has enabled seaweed cultivation; hatchery innovations have aided oysters, and freshwater carps and salmons have benefited from hatching feed in high-yield and recirculating systems. For instance, in April 2024, the Choice Canning factory was established in Andhra Pradesh, which has a daily processing capacity of 70 metric tonnes. This reflects the increasing investment in increasing exports and improving production efficiency in the shrimp and prawn cultivation industry.
Market Breakup by Region
- North India
- South India
- East India
- West India
Key Insight: Regionally, the India aquaculture industry covers North, South, East, and West India. Each region specializes in a different production ecosystem, such as freshwater carp and cold-water fisheries in the North, shrimp and marine aquaculture in the South, freshwater and inland systems in the East, and brackish water farming in the West. Prominent businesses like Coastal Corporation Ltd. and Apex Frozen Foods Ltd. are boosting regional competitiveness by expanding localized hatchery networks, investing in technology-enabled farm management systems, and improving feed formulas. The announcement in March 2026 of the INR 100 crore Integrated Aqua Park in Anantnag, Jammu & Kashmir, was a significant development that aims to increase cold-water trout production, strengthen value chains, improve infrastructure, and improve farmer incomes and market connectivity throughout the northern aquaculture belt.
India Aquaculture Market Share
By environment, brackish water environment demonstrates notable growth attributed to the ongoing institutional tie-ups
The brackish water environment is propelling significant growth in the India aquaculture market, attributed to the ongoing innovations that advance the genetic quality of shrimps, the performance of seeds, and their overall efficiency in the coastal systems. Firms and research organizations are establishing associations with science industries to enhance the production of finfish and shellfish and streamline their genetic and management activities. For instance, in September 2025, Kona Bay entered a historic Memorandum of Understanding with the Central Institute of Brackish water Aquaculture to undertake performance evaluation trials of genetically enhanced shrimp seed lines, supporting sustainable and high-yield brackish water aquaculture in India.
Freshwater aquaculture shows consistently contributes to the India aquaculture market value, driven by innovations that increase production and sustainability. Major market players are discovering that customized nutrition and feeds might help freshwater species develop faster and with greater resilience. These approaches minimize dependency on conventional inputs and allow year-round production. In accordance with this trend, Insectika Biotech launched insect protein-containing fish feeds for Asian sea bass and aquarium fish in February 2025, allowing for more sustainable and high-quality feed and greater freshwater output.
By fish type, the marine shrimps and prawns category shows notable growth owing to quality and traceability initiatives
The India aquaculture market observes notable growth in the shrimp and prawns category, facilitating product innovation and export preparedness as a result of global market demands. To increase competitiveness, industry players and regulatory agencies are working to improve quality, traceability, and standards. One of the major developments in favor of this trend is the launch of MPEDA's SHAPHARI certification and Aqua Trace portal in March 2025, which established a new quality standard and an online traceability system for Indian shrimp exports, allowing farmers and processors to meet strict international demands and gain access to new markets.
Species such as salmon, trout, and smelt contribute significantly to India’s aquaculture market revenue, driven by strong consumer demand for high-value, protein-rich fish and a growing focus on sustainable, technologically advanced production practices. Innovations like Recirculating Aquaculture Systems (RAS) and prolonged water management is enabling the growth of traditionally cold-water species throughout the year, even in tropical locations, breaking down climate-related barriers. Government investments in hatcheries, cold-water fisheries clusters, and skill development programs have all helped to boost production and employment in the sector. For instance, in January 2026, Smart Green Aquaculture Ltd launched the first commercial tropical trout farm in Hyderabad, demonstrating the market potential.
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Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
India Aquaculture Market Regional Analysis
|
CAGR 2026-2035 - Market by |
Region |
|
East India |
6.5% |
|
South India |
6.1% |
|
West India |
XX% |
|
North India |
XX% |
By region, South India leads market growth driven by integrated coastal and brackish water models
The North India aquaculture market is shaped by geographic factors, with the region emphasizing cold-water species and value-added production. Companies and research institutes are collaborating to innovate production methods to capitalize on regional niche ecosystems. For instance, in April 2025, Biokraft Foods introduced cultivated trout fillets, which not only enhance product diversity but also help to support northern cold-water fisheries by allowing trout to be sold to high-end consumer groups.
The southern part of the country is a prominent growth sector in the India aquaculture market, owing to its resilient brackish water habitats, sophisticated shrimp farming clusters, and rapid adoption of technology-driven production practices. In order to increase production and resource efficiency, the region benefits from integrated aquaculture models that incorporate the cultivation of seaweed, shrimp, and marine species. Through AI-enabled farming platforms, automated feeding systems, and real-time water quality monitoring, businesses like Kings Infra Ventures Limited are hastening this transition. The construction of India's first fully AI-powered aquaculture park near Srikakulam in Andhra Pradesh, which was announced in December 2025, is a significant development supporting this change.
Competitive Landscape
The key India aquaculture market players are aggressively pursuing technology-based solutions as a way of enhancing productivity and efficiency. Many aquaculture companies are using improved feed formulations, resistant species, and precision farming methods, as well as IoT-based monitoring and AI-advanced predictive analytics. These actions improve resource utilization, minimize operational risks, and maintain a predictable output, improving the domestic chain of supply and export potential.
Strategic partnerships and diversifying their operational presence are also being pursued by key aquaculture companies in India in order to fuel the overall market expansion. Some of the initiatives taken are offshore and inland RAS farming units, collaborations with research institutions, and traceability platform development. These players are promoting technological adoption, enhancing yield efficiency, and putting the market in a position to fulfill the increasing domestic demand and enhance the country’s position in the global aquaculture value chain.
Avanti Feeds Limited
Avanti Feeds Limited is one of the top aquafeed and shrimp processing companies operating in the India aquaculture market. The company was established in 1996 and is headquartered in Hyderabad, India. It focuses on the domestic and foreign markets with high-quality feed formula and combined aquaculture solutions.
Waterbase Ltd.
Waterbase Ltd. is a leading shrimp farming, processing, and exporting company that was founded and established in Kochi, India, in 1989. The firm focuses on sustainable aquaculture and a diversified product line, serving the global seafood products market.
Apex Frozen Foods Ltd.
Apex Frozen Foods Ltd. is a major exporter of seafood in India, which was established in 1991 with its head office located in Visakhapatnam. The company is also involved in various farm activities that deal with shrimp and fish, as well as the processing and supply of numerous frozen seafood items to foreign consumers.
Zeal Aqua Ltd.
Zeal Aqua Ltd. is an aquafeed and an integrated shrimp farm company, which was established in 2005 and is based in Bhimavaram, India. The company focuses on innovation in feed technology and helps to increase productivity and sustainability in the India aquaculture market.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Coastal Corporation Ltd., Kings Infra Ventures Ltd., BMR Group, Nekkanti Sea Foods, MSD Aquaculture Company, and Godrej Agrovet Limited, among others.
Key Highlights of the India Aquaculture Market Report
- Presents past performance and makes precise forecasts, assisting the stakeholders with their future growth planning.
- Provides the information on product innovations, feed formulations, disease management, and technologies that promote production efficiency.
- Profiles of top domestic and international players in the competitive landscape of the India aquaculture market in terms of strategies, product portfolios, market share, and recent developments.
- Conducts regional analysis to determine emerging aquaculture centers, growth states, and prospects based on infrastructure.
- Offers an investment-driven perspective and financing tendencies, acquisitions, and privatization information backed by data.
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- Operational information is required to develop operational plans, market entrance plans, and strategic decisions.
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Key Questions Answered in the Report
In 2025, the India aquaculture market reached an approximate value of USD 23.11 Billion.
The market is projected to grow at a CAGR of 5.70% between 2026 and 2035.
The key players in the market include Avanti Feeds Limited, Waterbase Ltd., Apex Frozen Foods Ltd., Zeal Aqua Ltd., Coastal Corporation Ltd., Kings Infra Ventures Ltd., BMR Group, Nekkanti Sea Foods, MSD Aquaculture Company, and Godrej Agrovet Limited, among others
Key strategies driving the market include product diversification, adoption of RAS and integrated farming, technological innovation, strategic partnerships, and expansion into export-focused and high-value species.
The major challenges that the India aquaculture market players face include disease outbreaks, climate variability, feed cost fluctuations, limited cold-chain infrastructure, and regulatory compliance hurdles.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Environment |
|
| Breakup by Fish Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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