Published by IMARC Services Private Limited
Posted on October 11, 2021
4 min readLast updated: January 29, 2026
The Indian shrimp market, valued at US$ 2.65 Billion in 2020, is projected to grow at a CAGR of 14.5% by 2026, driven by exports and ready-to-eat demand.
According to the latest report by IMARC Group, titled “Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the indian shrimp market reached a value of US$ 2.65 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 14.5% during 2021-2026.
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.
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Shrimp are a type of invertebrate marine animal with an elongated body. They are a rich source of protein, selenium, vitamins, phosphorous, magnesium, copper, iron, and vitamin B12. The consumption of shrimp offers various health benefits, such as improved bone strength, and lowering the chances of heart diseases. Shrimps are widely consumed as one of the most preferred seafoods across the globe and form the base of several seafood-based delicacies.
With the growing demand for stable and disease-free shrimp, India has become one of the largest shrimp exporters to the United States and the European Union. This is primarily propelling the shrimp market growth in India. Furthermore, the escalating demand for ready-to-eat food products due to rapid urbanization, shifting dietary habits, and hectic work schedules is fueling the growth of the market in the country. Other factors, such as increasing health consciousness, rising disposable incomes, and improving living standards of consumers, are further creating a positive outlook for the market in the country.
Indian Shrimp Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the indian shrimp market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the indian shrimp market on the basis of species and shrimp size.
Breakup by Species:
Breakup by Shrimp Size:
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/indian-shrimp-market
Key highlights of the report:
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The article discusses the growth, trends, and forecast of the Indian shrimp market from 2021 to 2026.
How is the Indian shrimp market expected to perform in the coming years?
What factors are driving the growth of the Indian shrimp market?
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