In markets from Boston to Beijing, much of the shrimp on sale comes from India, which has quickly grown into one of the world’s largest producers of the shellfish.
Globally, the shrimp export market was worth nearly $25bn in 2020, according to the UN Food and Agriculture Organization. And analysts, including those at Rabobank, estimate that India has become the world’s largest exporter by value.
Its shrimp exports jumped three-fold in the decade to 2020, to be worth about $5bn, according to the country’s ministry of fisheries. Notably, India is ranked as the number one shrimp supplier to the US, according to Farm Animal Investment Risk and Return Initiative (Fairr) — an investment advisory network focused on sustainable food production.
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