Date of Publication :12th January 2021

Abstract: Aqua products constitute one of the major protein sources for humans around the world. Shrimp is the largest contribution to aqua products. Production from capture fisheries at a global level is in the decline phase, whereas the potential contributions from aquaculture to local food security, livelihoods, and nutrition can be highly significant. Shrimp is considered the most value-added protein resource among all aqua products. The technological advances of Indian shrimp farming systems have not only contributed to a rapid expansion of shrimp culture, contributed to the major volume of production, and also created greater opportunities for foreign exchange earnings. The Indian Shrimp Industry is one of the fastest-growing industries in the global seafood trade with supplies of shrimp in the raw and value-added form in the international markets. India has become the largest shrimp producer in the world and exports to major shrimp consuming countries like the USA, China, Japan& EU. India has a competitive advantage in terms of geographical area and tropical climate conditions in addition to biomass within the load-bearing capacity of the environment results in very high-quality shrimp and is internationally accepted. The brand perception for Indian shrimp in the minds of international buyers is high and also consistent for the last many years. The well-established seafood processing units in India are certified by BAP and EU standards. The industry is well organized with a supply chain, good storage, and processing and transport infrastructure. The major concerns for the Indian shrimp Industry are high volatility in price structure, high establishment cost, increased labor cost, insufficient infrastructure like EIA & MPEDA approved labs for testing samples for disease diagnosis, high dependence on single species namely Vannamei shrimp for production, the oversupply of white shrimp from aquaculture throughout the world and high cost of compliance with quality standards of importing countries. This paper studies key strengths, weaknesses, opportunities, and threats of the Indian shrimp industry and provide a perspective review based on the systematic SWOT analysis.

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