In line with the newest report by IMARC Group, titled “Indian Shrimp Market: Trade Developments, Share, Measurement, Development, Alternative and Forecast 2022-2027,” the Indian shrimp market reached a price 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% throughout 2022-2027.
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Shrimp is an invertebrate marine decapod crustacean with a semitransparent and elongated physique. It’s usually 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. Moreover, shrimp displays antioxidant properties, which support in recovering from continual ailments and bettering pores and skin elasticity. Consequently, it’s extensively consumed as a seafood delicacy in frozen and recent varieties.
Indian Shrimp Market Developments:
The rising 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 rising consciousness relating to the well being advantages related to their consumption, is primarily driving the market progress. Moreover, the rising environmental issues have prompted the Authorities of India (GoI) to implement a sustainable aquaculture farming strategy to gas shrimp manufacturing, which, in flip, is propelling the market progress. Other than this, the rising 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.
Observe: We’re repeatedly monitoring the direct impact of COVID-19 available on the market, together with the oblique affect of related industries. These observations shall be built-in into the report.
Key Market Segmentation:
IMARC Group supplies an evaluation of the important thing traits in every sub-segment of the Indian shrimp market, together with forecasts on the nation and state degree from 2022-2027. Our report has categorized the market primarily based on species and shrimp measurement.
Aggressive Panorama:
- Nekkanti Sea Meals Restricted
- Avanti Frozen Meals Non-public Restricted
- Devi Sea Meals Restricted
- Falcon Marine Exports Ltd
- BMR Group
- Child Marine (Jap) 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
- M.Fisheries
- 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.
Breakup by Species:
- Penaeus Vannamei
- Penaeus Monodon
- Others
Breakup by Shrimp Measurement:
- Measurement 31-40
- Measurement 41-50
- Measurement 51-60
- Measurement 61-70
- Measurement >70
- Others
Breakup by State:
- West Bengal
- Gujarat
- Andhra Pradesh
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Key highlights of the report:
- Market Efficiency (2016-2021)
- Market Outlook (2022-2027)
- Market Developments
- Market Drivers and Success Components
- Influence of COVID-19
- Worth Chain Evaluation
- Complete mapping of the aggressive panorama
For those who want particular info that isn’t presently throughout the scope of the report, we are going to present it to you as part of the customization.
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