India Shrimp Market Size & Outlook, 2026-2033
Related Markets
India shrimp market highlights
- The India shrimp market generated a revenue of USD 2,814.0 million in 2025 and is expected to reach USD 4,225.9 million by 2033.
- The India market is expected to grow at a CAGR of 5.2% from 2026 to 2033.
- In terms of segment, b2b was the largest revenue generating distribution channel in 2025.
- B2C is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
Shrimp market data book summary
| Market revenue in 2025 | USD 2,814.0 million |
| Market revenue in 2033 | USD 4,225.9 million |
| Growth rate | 5.2% (CAGR from 2026 to 2033) |
| Largest segment | B2b |
| Fastest growing segment | B2C |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | B2B, B2C |
| Key market players worldwide | Thai Union Group PCL ADR, Avanti Feeds, High Liner Foods, Surapon Foods, Clearwater Seafoods, Mazzetta Company, Aqua Star, Nordic Seafood, Waterbase, Ocean Direct |
Other key industry trends
- In terms of revenue, India accounted for 3.6% of the global shrimp market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China shrimp market is projected to lead the regional market in terms of revenue in 2033.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,069.5 million by 2033.
B2b was the largest segment with a revenue share of 58.7% in 2025. Horizon Databook has segmented the India shrimp market based on b2b, b2c covering the revenue growth of each sub-segment from 2021 to 2033.
The growing Indian middle-income population and urbanization have led to a rising demand for seafood, including shrimp, in the domestic market. This growing affluence and changing dietary preferences are driving higher consumption. Indian shrimp farmers are diversifying their product range, producing various shrimp sizes and value added products to cater to different market segments.
For instance, in January 2021, an Indian shrimp production facility, the Brood-stock Multiplication Centre (BMC) for L. Vannamei, situated in Vishakhapatnam, launched 15,000 pairs of specific pathogen-free (SPF) L. Vannamei brood stock for sale in various coastal states across the country. L. Vannamei is known for its favorable growth characteristics and disease resistance.
Introducing these specific pathogen-free (SPF) brood stock can enhance the genetic quality of the shrimp produced in India. Farmers who purchase these shrimp larvae may experience better growth rates and reduced disease incidence, making shrimp farming more attractive, thus boosting the production and consumption of shrimp simultaneously.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Shrimp Market Scope
Shrimp Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ocean Direct | View profile | 11-50 | Gardena, California, United States, North America | https://oceandirect.com |
| Nordic Seafood | View profile | 51-100 | Hirtshals, Nordjylland, Denmark, Europe | https://www.nordicseafood.com |
| Aqua Star | View profile | 101-250 | Seattle, Washington, United States, North America | https://www.aquastar.com/ |
| Mazzetta Company | View profile | 11-50 | Highland Park, Illinois, United States, North America | https://www.mazzetta.com |
| Clearwater Seafoods | View profile | 1001-5000 | Bedford, Quebec, Canada, North America | http://www.clearwater.ca/ |
| Surapon Foods | View profile | 1001-5000 | Samut Prakan, Samut Prakan, Thailand, Asia | http://www.surapon.com |
| High Liner Foods | View profile | 1001-5000 | Lunenburg, Nova Scotia, Canada, North America | http://www.highlinerfoods.com |
| Waterbase | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | http://www.waterbaseindia.com/ |
| Avanti Feeds | View profile | 51-100 | Visakhapatnam, Andhra Pradesh, India, Asia | http://www.avantifeeds.com/ |
| Thai Union Group PCL ADR | View profile | 10116 | 72/1 Moo 7, Sethakit 1 Road, Tarsrai Sub-district, Amphur Muang, Samutsakorn, Samut sakhon, Thailand, 74000 | https://www.thaiunion.com |
India shrimp market size, by species, 2021-2033 (US$M)
India Shrimp Market Outlook Share, 2025 & 2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
