The India aquaculture market reached a volume of 11.40 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 18.40 Million Tons by 2027, exhibiting a CAGR of 8.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Aquaculture or aquafarming, refers to the production of aquatic organisms, such as freshwater fishes, crustaceans, mollusks, etc., under partially controlled conditions. Some of the common types of aquaculture include fish farming, shrimp farming, oyster farming, algaculture, mariculture, etc. Aquaculture also includes the production of ornamental fishes to support recreational and commercial fisheries. India is traditionally a freshwater aquaculture country with a historical record of fish farming in private and community ponds. The vast coastal area of India offers immense opportunities for aquaculture in both marine and inland waters.

India Aquaculture Market Trends:
In India, the growing consumption of fish, owing to numerous health benefits in enhancing digestion, improving skin health, boosting metabolism, etc., is primarily driving the aquaculture market. In line with this, the shifting consumer preferences from high-calorie meat products towards a protein-rich diet, including fish, shrimps, mollusks, etc., are also propelling the market growth. Additionally, the rising number of hatcheries, feed mills, and processing plants is further augmenting the aquaculture market in the country. Moreover, the Indian government is launching numerous initiatives, such as Pradhan Mantri Matsya Sampada Yojana, to establish a comprehensive framework and reduce infrastructural gaps in the fisheries sector. In line with this, the introduction of various awareness programs for educating fish farmers to enhance their production volume and yield quality is also bolstering the aquaculture market in India. Additionally, the escalating prevalence of numerous foodborne illnesses caused due to pathogens present in conventionally cultured fishes is further catalyzing the demand for organic variants. Apart from this, several key players are adopting innovative solutions for the domestication and in-house cultivation of ornamental fish species in artificial marine-like environments for recreational and commercial purposes. Moreover, the emergence of sustainable cultivation systems, which are aimed at not disrupting the ecosystem, protecting biodiversity, reducing pollution, etc., is expected to drive the India aquaculture market in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India aquaculture market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on environment, species, states, shrimp size, end use and end form.

India Shrimp Industry: Market Breakup by Environment:

Farmed Shrimp
Wild Shrimp

Market Breakup by Species:

L. Vannamei
Penaeus Monodon
Scampi

Market Breakup by States:

Andhra Pradesh
West Bengal
Gujarat
Tamil Nadu
Orissa
Maharashtra
Karnataka
Kerala
Others

Market Breakup by Shrimp Size:

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

Market Breakup by End Use:

Hotels and Restaurants
Retail Shops
Hypermarkets and Supermarkets
Online Sales
Others

Market Breakup by End Form

Frozen
Fresh
Canned

India Inland Fish Industry: Market Breakup by Environment

Fresh Water
Brackish Water

Market Breakup by Species

Indian Major Carps
Exotic Carps
Pangasius
Clarias
Anabas
Rupchanda
Tilapia
Seabass
Others

Market Breakup by State:

Andhra Pradesh
West Bengal
Uttar Pradesh
Maharashtra
North East Region
Others

Competitive Landscape:
The competitive landscape of the India shrimp industry has also been examined with some of the?key players?being, Nekkanti Seafoods, Avanti Frozen Foods Private Limited (AVANTI FEEDS LIMITED), Devi Sea Foods Limited, Sandhya Marines, Apex Frozen Foods Limited, IFB Agro Industries Limited, SSF Limited, Kings Infra Ventures Limited, The Waterbase Limited, Kader Exports Private Limited, Zeal Aqua Limited, CP Aquaculture (India) Private Limited (Charoen Pokphand Foods Public Limited Company, Coastal Corporation Limited, Uniroyal Marine Exports Limited, BKV Industries Limited, A.M. Fisheries, Abad Fisheries Private Limited, Ananda Aqua Exports Private Limited, Anjaneya Sea Foods, August Seafood, Baby Marine Ventures, BMR Group, Citrus Alpha Marine LLP, Crystal Sea Foods Private Limited, Devi Marine Foods Exports Private Limited, Falcon Marine Exports Ltd, Frontline Exports Private Limited, Geo Seafoods, Jayalakshmi Sea Foods Pvt. Ltd., JRJ Sea Foods India Private Limited, Jude Foods India Private Limited, K V Marine Exports, Kadalkanny Frozen Foods, Liberty Frozen Foods Private Limited, Liberty Group of Seafood Companies.

Key questions answered in this report:
How has the India shrimp market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India shrimp market?
What is the breakup of the market based on the environment?
What is the breakup of the market based on the species?
What is the breakup of the market based on the states?
What is the breakup of the market based on the shrimp size?
What is the breakup of the market based on the end use?
What is the breakup of the market based on the end form?
What are the key driving factors and challenges in the industry?
What are the various stages in the value chain of the industry?
What is the structure of the India shrimp market and who are the key players?
How has the India inland fish market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India inland fish market?
What is the breakup of the market based on the environment?
What is the breakup of the market based on the species?
What is the breakup of the market based on the states?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?