How Lucrative is Shrimp Sector Despite Challenges?
AgroSpectrum|AgroSpectrum India Feb 2024
India has demonstrated consistent and robust growth in shrimp exports over the last decade, supported by government focus and organic growth, and has established a dominant position in the global value chain.
How Lucrative is Shrimp Sector Despite Challenges?

Diversifying India's shrimp exports from primarily frozen shrimps to valueadded shrimp products could further improve the overall value realisation in the near term. RUCHI DAHIYA, Associate Consultant, Sathguru Management Consultants

Shrimp, a popular crustacean delicacy, plays a pivotal role in the global seafood industry. It is in great demand worldwide due to its versatility and nutritional value. Two varieties of shrimp are famous worldwide: Whiteleg Shrimp (Panaeus vannamei) (known as Pacific White Shrimp) and Tiger shrimp (Panaeus mondon). In the global shrimp market, the Pacific White shrimp species leads the production with 77 per cent share, followed by Tiger Shrimp (14 per cent) and others (9 per cent).

The global scenario of shrimps reflects a thriving industry that plays a significant role in the seafood trade, economy, and food security. It shows a dynamic industry that balances economic growth, environmental considerations, and increasing demand for sustainable seafood. The global shrimp industry is $38 billion as of 2021, growing at a CAGR of 9.5 per cent and expected to reach $85 billion by 2030. The shrimp industry is growing due to increasing disposable income, growing health awareness, and rising shrimp use in manufacturing cosmetics, personal care products, and nutraceuticals.

Shrimp Production 

この蚘事は AgroSpectrum の AgroSpectrum India Feb 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は AgroSpectrum の AgroSpectrum India Feb 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

AGROSPECTRUMのその他の蚘事すべお衚瀺
No More Relying On Non-Renewable Energy Resources?
AgroSpectrum

No More Relying On Non-Renewable Energy Resources?

Cutting down on petroleum imports and rolling out effective eco-friendly policies across industries, especially the agri sector, is the key focus of the government.

time-read
6 分  |
Agrospectrum India Nov 2024
Janssen PMP and Fresh Inset partner to commercialise Vidre+ freshness extension solution
AgroSpectrum

Janssen PMP and Fresh Inset partner to commercialise Vidre+ freshness extension solution

Janssen PMP, a division of Janssen Pharmaceutica NV, and Fresh Inset have partnered to exclusively commercialise Fresh Inset's Vidre+ technology in Europe.

time-read
1 min  |
Agrospectrum India Nov 2024
India and Denmark ink MoU on Green Shipping, Digitalisation, and Sustainable Development
AgroSpectrum

India and Denmark ink MoU on Green Shipping, Digitalisation, and Sustainable Development

India and Denmark's maritime relations continue to strengthen, with both nations working closely to advance sustainable maritime practices.

time-read
1 min  |
Agrospectrum India Nov 2024
IIL launches multiple indigenous IVF media for embryo transfer of dairy animals
AgroSpectrum

IIL launches multiple indigenous IVF media for embryo transfer of dairy animals

Indian Immunologicals Limited (IIL) announced the launch of \"Shashthi\" an indigenous InVitro Fertilization (IVF) media developed in collaboration with National Dairy Development Board (NDDB).

time-read
1 min  |
Agrospectrum India Nov 2024
APEDA, LuLu Group ink MoU to promote horticulture produce in Middle East
AgroSpectrum

APEDA, LuLu Group ink MoU to promote horticulture produce in Middle East

Agricultural and Processed Food Products Export Development Authority (APEDA) has signed and exchanged a Memorandum of Understanding (MoU) with LuLu Group International for the promotion of Indian horticulture produce in Middle East markets and across the Gulf Cooperation Council LuLu MOU SIGNING LuLu (GCC) countries.

time-read
1 min  |
Agrospectrum India Nov 2024
Weeds cause Rs 92,000 Cr worth loss in crop productivity: Study
AgroSpectrum

Weeds cause Rs 92,000 Cr worth loss in crop productivity: Study

A collaborative study by Dr NT Yaduraju, Dr M R Hegde and Dr AR Sadananda and the Federation of Seed Industry of India (FSII) discussed the various weed management practices using herbicides, mechanisation of weed removal, crop rotation, cover cropping, biological control among others that can lower costs by 40-60 per cent compared to traditional approaches.

time-read
1 min  |
Agrospectrum India Nov 2024
BiofuelCircle launches first large-scale deployment of farm equipment in UP
AgroSpectrum

BiofuelCircle launches first large-scale deployment of farm equipment in UP

BiofuelCircle, strengthened its commitment to empower rural India for generating wealth from agri-waste at an event 'Parali Se Ujjawal Bhavishya', held at the Ramnagar Biomass Bank in Barabanki, Uttar Pradesh. BiofuelCircle enables a participative ecosystem at rural level.

time-read
1 min  |
Agrospectrum India Nov 2024
Crystal Crop Protection launches advance insecticide for maize and soybean
AgroSpectrum

Crystal Crop Protection launches advance insecticide for maize and soybean

Crystal Crop Protection Limited, a leading agrochemical organisation, has launched Proclaim XTRA, its latest insecticide specifically formulated for maize and soybean.

time-read
1 min  |
Agrospectrum India Nov 2024
CIFT, Kochi conducts first-drone-based marine mammal-fishery interaction study
AgroSpectrum

CIFT, Kochi conducts first-drone-based marine mammal-fishery interaction study

The Central Institute of Fisheries Technology (CIFT), Kochi, has carried out a drone-based survey to study marine mammal fishery interaction.

time-read
1 min  |
Agrospectrum India Nov 2024
ICRISAT conducts study on use of Spectral Matching Techniques for crop type mapping
AgroSpectrum

ICRISAT conducts study on use of Spectral Matching Techniques for crop type mapping

In a recent effort to harness satellite data for countries with limited ground reference information, the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) conducted a study using Senegal as a model to test various algorithms.

time-read
1 min  |
Agrospectrum India Nov 2024