Indian Shrimp Market is Anticipated to Grow at a CAGR of 11.5% during 2022-2027

SHERIDAN, UNITED STATES, November 15, 2022 /EINPresswire.com/ — According to the most recent report by IMARC Group, titled “Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Indian shrimp market reached a worth of US$ 6.5 Billion in 2021. On account of the aforementioned components, the market is anticipated to develop at a CAGR of 11.5% during 2022-2027.

Shrimp is an invertebrate marine decapod crustacean with a semitransparent and elongated physique. It is typically present in deep and shallow waters and streams. Shrimp is a wealthy supply of important nutritional vitamins, omega-3 fatty acids, selenium, protein, and iodine that help in eliminating irritation, sustaining a wholesome lean physique mass, enhancing bone power, and decreasing hypertension ranges. Additionally, shrimp reveals antioxidant properties, which support in recovering from power illnesses and bettering pores and skin elasticity. Consequently, it is extensively consumed as a seafood delicacy in frozen and recent kinds. 

Note: We are usually monitoring the direct impact of COVID-19 available on the market, together with the oblique affect of related industries. These observations will likely be built-in into the report.

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Market Trends:

The growing well being consciousness and the shifting client inclination towards nutritious meals have facilitated the widespread incorporation of shrimp within the meals and beverage (F&B) sector for making ready unique seafood dishes. This, together with the growing consciousness concerning the well being advantages related to their consumption, is primarily driving the market progress. Additionally, the rising environmental issues have prompted the Government of India (GoI) to implement a sustainable aquaculture farming method to gas shrimp manufacturing, which, in flip, is propelling the market progress. Apart from this, the growing demand for ready-to-eat (RTE) merchandise and strategic collaborations amongst key gamers to launch revolutionary product variants in several packaging options are contributing to the market progress. 

Key Market Segmentation:

Competitive Landscape:

Nekkanti Sea Foods Limited
Avanti Frozen Foods Private Limited
Devi Sea Foods Limited
Falcon Marine Exports Ltd
BMR Group
Baby Marine (Eastern) Exports
Sandhya Marines Ltd
Apex Frozen Foods Limited
Ananda Aqua Exports Private Limited
Crystal Sea Foods Private Limited
Citrus Alpha Marine LLP
Jaya Lakshmi Seafoods Private Limited
Ifb Agro Industries Limited
SSF Limited
M.Fisheries
JRJ Seafoods India Private Limited
Anjaneya Sea Foods
Kings Infra Ventures Limited
Kadalkanny Frozen Foods
The Waterbase Limited
Geo Sea Foods Exports Private Limited
Abad Fisheries Private Limited
Ok V Marine Exports
Liberty Group of Seafood Companies
Kader Exports Private Limited
Liberty Frozen Foods Private Limited
Devi Marine Foods Exports Private Limited
Zeal Aqua Limited
Frontline Exports Private Limited
Jude Foods India Private Limited.

Based On Species:

Penaeus Vannamei
Penaeus Monodon
Others

Based On Shrimp Size:

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

Based On State:

West Bengal
Gujarat
Andhra Pradesh

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Key highlights of the report:                                                           

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the aggressive panorama

If you want particular data that is not at present inside the scope of the report, we’ll present it to you as a half of the customization.

About Us:

IMARC Group is a main market analysis firm that gives administration technique and market analysis worldwide. We accomplice with shoppers in all sectors and areas to establish their highest-value alternatives, deal with their most crucial challenges, and remodel their companies.

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