HomePress ReleaseEIN PresswireWith 11% CAGR, Indian Shrimp Market to Reach US$ 14.0 Billion by...

With 11% CAGR, Indian Shrimp Market to Reach US$ 14.0 Billion by 2028

The rising demand for shrimp in each home and worldwide markets represents one of many key components driving the expansion of India shrimp market.

BROOKLYN, NY, USA, July 12, 2023/ — In accordance to the newest report by IMARC Group, titled “Indian Shrimp Market: Trade Tendencies, Share, Measurement, Progress, Alternative and Forecast 2023-2028,” the Indian shrimp market measurement reached US$ 7.3 Billion in 2022. Wanting ahead, IMARC Group expects the market to attain US$ 14.0 Billion by 2028, exhibiting a development price (CAGR) of 11% throughout 2023-2028.

Shrimp, a well-liked seafood delicacy, is a crustacean with a fragile and succulent meat texture. It’s broadly consumed throughout the globe and is thought for its versatility in varied cuisines. Shrimps are small, marine creatures belonging to the order Decapoda, sometimes present in each saltwater and freshwater environments. These crustaceans exhibit a variety of sizes, with some species reaching just a few centimeters in size, whereas others can develop up to a number of inches. Shrimp is a superb supply of high-quality protein, low in energy, and wealthy in important vitamins, similar to omega-3 fatty acids, nutritional vitamins, and minerals. With its delicate, candy taste and tender texture, shrimp has develop into a staple ingredient in quite a few culinary creations, from appetizers and most important programs to salads and stir-fries.

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Indian Shrimp Market Tendencies:

The rising demand for shrimp in each home and worldwide markets represents one of many key components driving the expansion of India shrimp market. That is additional driving the growth of shrimp farming and processing actions within the nation, which is contributing to the market development. As well as to this, India is without doubt one of the largest producers and exporters of shrimp, benefiting from its favorable geographical location, plentiful water assets, and appropriate weather conditions for aquaculture. According to this, the nation’s shrimp trade is embracing fashionable farming strategies, together with pond tradition and the adoption of superior applied sciences for illness prevention and water high quality administration. That is leading to larger productiveness, improved product high quality, and enhanced competitiveness within the international market. Aside from this, the rising consciousness and desire for wholesome and protein-rich diets, and the shift towards value-added and processed shrimp merchandise, are a number of the different components making a optimistic outlook for the market throughout the nation.

Indian Shrimp Market 2023-2028 Aggressive Evaluation and Segmentation:

Aggressive Panorama With Key Gamers:

The aggressive panorama of the Indian shrimp market has been studied within the report with the detailed profiles of the important thing gamers working out there.

A few of these key gamers embody:

Nekkanti Sea Meals Restricted
Avanti Frozen Meals Non-public Restricted
Devi Sea Meals Restricted
Falcon Marine Exports Ltd
BMR Group
Child Marine (Japanese) Exports
Sandhya Marines Ltd
Apex Frozen Meals Restricted
Ananda Aqua Exports Non-public Restricted
Crystal Sea Meals Non-public Restricted
Citrus Alpha Marine LLP
Jaya Lakshmi Seafoods Non-public Restricted
Ifb Agro Industries Restricted
SSF Restricted
JRJ Seafoods India Non-public Restricted
Anjaneya Sea Meals
Kings Infra Ventures Restricted
Kadalkanny Frozen Meals
The Waterbase Restricted
Geo Sea Meals Exports Non-public Restricted
Abad Fisheries Non-public Restricted
Okay V Marine Exports
Liberty Group of Seafood Corporations
Kader Exports Non-public Restricted
Liberty Frozen Meals Non-public Restricted
Devi Marine Meals Exports Non-public Restricted
Zeal Aqua Restricted
Frontline Exports Non-public Restricted
Jude Meals India Non-public Restricted.

Key Market Segmentation:

The report has segmented the Indian shrimp market on the premise of species, shrimp measurement and area.

Breakup by Species:

Penaeus Vannamei
Penaeus Monodon

Breakup by Shrimp Measurement:

Measurement 31-40
Measurement 41-50
Measurement 51-60
Measurement 61-70
Measurement >70

Breakup by State:

West Bengal
Andhra Pradesh

Ask Analyst for Customization and Discover full Report with TOC & Listing of Figures:

Key Highlights of the Report:                                                           

Market Efficiency (2017-2022)
Market Outlook (2023-2028)
Market Tendencies
Market Drivers and Success Components
Impression of COVID-19
Worth Chain Evaluation
Complete mapping of the aggressive panorama

For those who want particular info that isn’t presently inside the scope of the report, we are going to present it to you as part of the customization.

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About Us:

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

IMARC’s info merchandise embody main market, scientific, financial and technological developments for enterprise leaders in pharmaceutical, industrial, and excessive expertise organizations. Market forecasts and trade evaluation for biotechnology, superior supplies, prescription drugs, meals and beverage, journey and tourism, nanotechnology and novel processing strategies are on the high of the corporate’s experience.

Our choices embody complete market intelligence within the type of analysis stories, manufacturing price stories, feasibility research, and consulting providers. Our group, which incorporates skilled researchers and analysts from varied industries, is devoted to offering high-quality knowledge and insights to our clientele, starting from small and medium companies to Fortune 1000 firms.

Elena Anderson
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