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India Shrimp Market: By Species: Penaeus Vannamei, Penaeus Monodon, Others; By Shrimp Size; Regional Analysis; Historical Market and Forecast (2015-2025); Feed Market Analysis; Market Dynamics; Trade Data Analysis; Shrimp Processing; Project Details and Cost Analysis; Competitive Landscape; Industry Events and Developments

India Shrimp Market Outlook

The India shrimp market attained a volume of 0.71 million tons in 2019. The market is further expected to grow at a CAGR of 9.5% to reach a volume of approximately 1.23 million tons by 2025.

In India, fisheries is a significant economic sector and offers vast opportunities for development. This is attributed to the diverse resources and potential of the country. Andhra Pradesh is the leading shrimp producer, accounting for more than 50% of the total output.

The Indian Government is promoting sustainable shrimp farming practices to produce high-quality 'sustainable' shrimp in order to minimise the environmental effects of shrimp aquaculture. Moreover, the Seafood Exporters Association of India (SEAI) and the Marine Products Export Development Authority (MPEDA) are supporting the export of shrimp, especially for ready-to-eat and ready-to-cook products.

 

Properties and Applications

Shrimp are invertebrate marine animal having an elongated body that is often used as a food product. This is considered a nutritious since it includes proteins, selenium, vitamins, phosphorous, magnesium, copper, iron, and vitamin B12. Many of the health benefits associated with shrimp consumption are weight loss, age management, better bone strength, reduced menstrual pain, and the prevention of cardiovascular diseases.

Based on species, the India shrimp market has been segmented into:

  • Penaeus Vannamei 
  • Penaeus Monodon 
  • Others

On the basis of the size, the India shrimp market can be divided into:

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

The regional markets for shrimp in India include Andhra Pradesh, West Bengal, and Gujarat, among others.

 

Market Analysis

Easy availability of shrimp and its high nutritional content are the main growth-inducing factors. They are an essential part of the different cuisines being one of the most traded species of seafood. With the growing demand for disease-free and stable shrimp, India has become one of the largest exporters of shrimp to the United States and the European Union. One of the main trends seen in the India shrimp market is the growth of the food industry due to the growing demand for ready-to-eat food items. It is driven by factors including rapid urbanisation, shifting habits, hectic work schedules, and growing number of working women. As a result, the shrimp market in India is experiencing healthy production. In addition, the growing demand for shrimp globally has positively affected imports of shrimp from India. Moreover, the growing consumer health consciousness, rising disposable incomes, and improving living standards remain some of the other primary factors that are further increasing the demand for shrimps in India.

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the India shrimp market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Nekkanti Sea Foods Limited (NSFL)
  • Devi Fisheries Limited
  • Falcon Marine Exports 
  • BMR Groups
  • Jayalakshmi Sea Foods Pvt. Ltd. 
  • Apex Frozen Foods Ltd.
  • SSF LIMITED
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    India Shrimp Market Snapshot
7    Industry Opportunities and Challenges
8    Global Shrimp Market Overview

    8.1    Key Industry Highlights
    8.2    Global Shrimp Historical Market (2015-2019) 
    8.3    Global Shrimp Market Forecast (2020-2025)
    8.4    Global Shrimp Market by Type
    8.5    Global Shrimp Market by Species
    8.6    Global Shrimp Market by Shrimp Size
    8.7    Global Shrimp Market by Major Shrimp Producing Countries
    8.8    Global Shrimp Market by Major Shrimp Consuming Countries
9    India Shrimp Market Analysis
    9.1    Key Industry Highlights
    9.2    Market Insights
    9.3    India Shrimp Historical Market (2015-2019) 
    9.4    India Shrimp Market Forecast (2020-2025)
    9.5    India Shrimp Market by Species
        9.5.1    Penaeus Vannamei
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Penaeus Monodon
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
        9.5.3    Others
    9.6    India Shrimp Market by Shrimp Size
        9.6.1    Size 31-40
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2015-2019)
            9.6.1.3    Forecast Trend (2020-2025)
        9.6.2    Size 41-50
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2015-2019)
            9.6.2.3    Forecast Trend (2020-2025)
        9.6.3    Size 51-60
            9.6.3.1    Market Share
            9.6.3.2    Historical Trend (2015-2019)
            9.6.3.3    Forecast Trend (2020-2025)
        9.6.4    Size 61-70
            9.6.4.1    Market Share
            9.6.4.2    Historical Trend (2015-2019)
            9.6.4.3    Forecast Trend (2020-2025)
        9.6.5    Size >70
            9.6.5.1    Market Share
            9.6.5.2    Historical Trend (2015-2019)
            9.6.5.3    Forecast Trend (2020-2025)
        9.6.6    Others
    9.7    India Shrimp Market by States
        9.7.1    Market Share
            9.7.1.1    West Bengal
            9.7.1.2    Gujarat
            9.7.1.3    Andhra Pradesh
            9.7.1.4    Others
10    India Shrimp Feed Market Analysis
    10.1    India Shrimp Feed Market
    10.2    India Shrimp Feed Market by Type
    10.3    India Shrimp Feed Market by Ingredient
    10.4    India Shrimp Feed Market by Additives
    10.5    India Shrimp Feed Market Distribution Channel and Margins
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Trade Data Analysis

    13.1    Major Importing Countries
        13.1.1    By Volume
        13.1.2    By Value
    13.2    Major Exporting Countries
        13.2.1    By Volume
        13.2.2    By Value
14    Price and Margin Analysis
    14.1    Ex-farm Shrimp Prices
    14.2    Processed Shrimp Prices
    14.3    Exported Shrimp Prices
    14.4    Margins
15    Shrimp Processing
    15.1     Detailed Process Flow
    15.2     Operations Involved
    15.3     Mass Balance and Raw Material
16    Project Details and Cost Analysis
    16.1    Land, Location and Site Development
    16.2    Construction
    16.3    Plant Layout
    16.4    Plant Machinery
    16.5    Raw Material Requirement
    16.6    Packaging
    16.7    Transportation
    16.8    Utilities
    16.9    Manpower
    16.10    Other Capital Investment
17    Loans and Financial Assistance
18    Project Economics

    18.1    Capital Cost of Project
    18.2    Techno-Economic Parameters
    18.3    Product Pricing and Margins
    18.4    Taxation and Depreciation
    18.5    Income Projections
    18.6    Expenditure Projections
    18.7    Financial Analysis
19    Impact of Macro and Micro Economic Environment
    19.1    Micro-Economic Environment
    19.2    Macro-Economic Environment
20    Government Support and Subsidies
21    Shrimp Sales from Farms

    21.1    Price Structure
    21.2    Role of Agents
    21.3    Types of Contracts
    21.4    Farm Price Trends
22    Competitive Landscape
    22.1    Market Structure
    22.2    Key Players’ Market Share
    22.3    Company Profiles
        22.3.1    Nekkanti Sea Foods Limited (NSFL)
            22.3.1.1    Company Overview
            22.3.1.2    Company Description
        22.3.2    Devi Fisheries Limited
            22.3.2.1    Company Overview
            22.3.2.2    Company Description
        22.3.3    Falcon Marine Exports 
            22.3.3.1    Company Overview
            22.3.3.2    Company Description
        22.3.4    BMR Groups
            22.3.4.1    Company Overview
            22.3.4.2    Company Description
        22.3.5    Jayalakshmi Sea Foods Pvt. Ltd. 
            22.3.5.1    Company Overview
            22.3.5.2    Company Description
        22.3.6    Apex Frozen Foods Ltd.
            22.3.6.1    Company Overview
            22.3.6.2    Company Description
        22.3.7    SSF LIMITED
            22.3.7.1    Company Overview
            22.3.7.2    Company Description
        22.3.8    Others
23    Industry Events  and Developments


List of Figures and Tables

1.    Global Shrimp Market: Key Industry Highlights, 2015 and 2025
2.    Global Shrimp Historical Market: Breakup by Type (Million Tons), 2015-2019
3.    Global Shrimp Market Forecast: Breakup by Type (Million Tons), 2020-2025
4.    Global Shrimp Historical Market: Breakup by Species (Million Tons), 2015-2019
5.    Global Shrimp Market Forecast: Breakup by Species (Million Tons), 2020-2025
6.    Global Shrimp Historical Market: Breakup by Shrimp Size (Million Tons), 2015-2019
7.    Global Shrimp Market Forecast: Breakup by Shrimp Size (Million Tons), 2020-2025
8.    Global Shrimp Market by Major Shrimp Producing Countries, (Million Tons), 2015-2019
9.    Global Shrimp Market by Major Shrimp Producing Countries, (Million Tons), 2020-2025
10.    Global Shrimp Market by Major Shrimp Consuming Countries, (Million Tons), 2015-2019
11.    Global Shrimp Market by Major Shrimp Consuming Countries, (Million Tons), 2020-2025
12.    India Shrimp Market: Key Industry Highlights, 2015 and 2025
13.    India Shrimp Historical Market: Breakup by Product Portfolio (Million Tons), 2015-2019
14.    India Shrimp Market Forecast: Breakup by Product Portfolio (Million Tons), 2020-2025
15.    India Shrimp Historical Market: Breakup by Species (Million Tons), 2015-2019
16.    India Shrimp Market Forecast: Breakup by Species (Million Tons), 2020-2025
17.    India Shrimp Historical Market: Breakup by Shrimp Size (Million Tons), 2015-2019
18.    India Shrimp Market Forecast: Breakup by Shrimp Size (Million Tons), 2020-2025
19.    India Shrimp Historical Market: Breakup by States (Million Tons), 2015-2019
20.    India Shrimp Market Forecast: Breakup by States (Million Tons), 2020-2025
21.    India Shrimp Feed Market: Key Industry Highlights, 2015 and 2025
22.    India Shrimp Feed Historical Market: Breakup by Type (USD Million), 2015-2019
23.    India Shrimp Feed Market Forecast: Breakup by Type (USD Million), 2020-2025
24.    India Shrimp Feed Historical Market: Breakup by Ingredient (USD Million), 2015-2019
25.    India Shrimp Feed Market Forecast: Breakup by Ingredient (USD Million), 2020-2025
26.    India Shrimp Feed Historical Market: Breakup by Additives (USD Million), 2015-2019
27.    India Shrimp Feed Market Forecast: Breakup by Additives (USD Million), 2020-2025
28.    Shrimp Historical Price Trends and Forecast 2015-2025
29.    India Shrimp Market Structure

Key Questions Answered in the Report

In 2019, the India shrimp market reached a volume of 0.71 million tons. 

In the forecast period of 2020-2025, the market is projected to grow at a CAGR of 9.5%. 

By 2025, the market is estimated to reach a volume of almost 1.23 million tons.

The major drivers of the industry such as rising disposable incomes, increasing population, increasing health consciousness, growing demand for convenient and ready-to-eat food, rapid urbanization, changing lifestyles, and easy availability of the product are expected to aid the market growth.

Governmental support for sustainable shrimp farming and rising exports of the product are expected to be the major trends driving the growth of the industry.

The major regions in the industry are Andhra Pradesh, West Bengal, and Gujarat, among others, with Andhra Pradesh accounting for the largest market share.

The significant species types in the industry are Penaeus Vannamei and Penaeus Monodon, among others. 

The leading sizes of shrimp in the industry are sizes 31-40, 41-50, 51-60, 61-70, and >70, among others.

The key players in the industry are Nekkanti Sea Foods Limited (NSFL), Devi Fisheries Limited, Falcon Marine Exports, BMR Groups, Jayalakshmi Sea Foods Pvt. Ltd., Apex Frozen Foods Ltd., and SSF LIMITED, among others.

Analyst Review

The India shrimp market attained a volume of 0.71 million tons in 2019 driven by changing lifestyles of consumers and growing exports of the product. Aided by the rising health awareness and a shift towards sustainable farming practices, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 9.5%. The market is projected to reach 1.23 million tons by 2025. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on species, the India shrimp market has been segmented into Penaeus Vannamei and Penaeus Monodon, among others. On the basis of the size, the industry can be divided into sizes 31-40, 41-50, 51-60, 61-70, and >70, among others. The major regional markets for shrimp in India are Andhra Pradesh, West Bengal, and Gujarat, among others, with Andhra Pradesh accounting for the largest share of the market. The key players in the above industry include Nekkanti Sea Foods Limited (NSFL), Devi Fisheries Limited, Falcon Marine Exports, BMR Groups, Jayalakshmi Sea Foods Pvt. Ltd., Apex Frozen Foods Ltd., and SSF LIMITED, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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