DUBLIN--(BUSINESS WIRE)--The "Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The Indian shrimp market reached a volume of 0.6 Million Tons in 2017.
Catching of shrimp began in India in the seventies, due to higher returns on account of their export value. These initiatives led to the establishment of commercial hatcheries and shrimp farms in the private sector marking the golden period of tiger shrimp farming in India.
Easy availability of shrimp and their high nutritional content represent the major growth-inducing factors. They form an important part of various cuisines being one of the most traded seafood species. With the rise in demand for disease-free and healthy shrimp, India has become the largest shrimp exporter to the US and the European Union.
Apart from this, increasing health consciousness among the consumers along with rising disposable incomes and improving standards of living are some of the other factors leading to the rise in demand for Indian shrimp. Despite of the presence of numerous growth inducing factors, the market is restrained by outbreak of diseases, adverse weather conditions and infrastructure challenges.
Further, the market is expected to reach a volume of 1.1 Million Tons by 2023, exhibiting a CAGR of 10.3% during 2018-2023.
Scope of the Report
- The report has segmented the Indian shrimp market on the basis of species. Presently, Penaeus Vannamei (White-leg shrimp) dominates the total shrimp production in India, followed by Penaeus Monodon (Black Tiger Shrimp).
- On the basis freezing technology, the report has been segmented into IQF and block freezing.
- The market is further segmented on a regional basis, covering Andhra Pradesh, West Bengal, Tamil Nadu and Pondicherry, Gujarat, Orissa and Maharashtra.
- Amongst these, Andhra Pradesh represents the largest state in the shrimp production with more than a half share in the total production.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Shrimp Industry
6 Indian Shrimp Industry
7 Setting Up a Shrimp Processing Plant
For more information about this report visit https://www.researchandmarkets.com/research/bnsj4q/indian_shrimp?w=4