Shrimp Market - Size, Share & Outlook Growth | Forecast Upto 2024–2032

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Shrimp Market Size Was Valued at USD 38.6 Billion in 2022, and is Projected to Reach

 

The shrimp market is a significant segment within the global seafood industry, encompassing the production, distribution, and consumption of shrimp products. Shrimp is one of the most popular and widely consumed seafood items worldwide, valued for its taste, nutritional value, and versatility in culinary applications.

Market Overview:

  • Fresh, frozen, canned, and value-added shrimp goods for retail and foodservice channels are just a few of the many products that make up the shrimp market. Shrimp farmers, processors, exporters, wholesalers, retailers, and foodservice providers are some of the major participants in the market.
  • Global production of shrimp is dominated by major producing nations; Latin America supplies a substantial amount of wild-caught shrimp, while the Asia-Pacific region accounts for most farmed production. Prominent shrimp species include black tiger shrimp (Penaeus monodon), Pacific white shrimp (Litopenaeus vannamei), and numerous species collected from freshwater and marine habitats.

 

Market Opportunities:

 

  • Producers and processors of shrimp can benefit from the growing customer demand for creative and high-quality shrimp products by expanding their product lines and introducing novel flavors, formats, and packaging combinations.
  • To improve environmental sustainability and competitiveness in the market, there are opportunities to invest in sustainable shrimp aquaculture methods, such as the use of integrated multi-trophic aquaculture (IMTA) systems, biofloc technology, and recirculating aquaculture systems (RAS).

 

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 With In-Depth examination of several affecting internal and external factors such as supply and sales channels, including upstream and downstream fundamentals, this report presents a complete analysis on the keyword market ecosystem. To ensure the utmost accuracy and reliability, we draw upon numerous primary and secondary sources. Employing industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis, our research provides a comprehensive evaluation of the market segments and market landscape. This research study goes beyond conventional boundaries with extensive geographical coverage, allowing for a comprehensive understanding of regional trends.  

Leading players involved in the Shrimp Market include:

High Liner Foods (USA),Gulf Shrimp Company (USA),CenSea (USA),Blue Star Foods Corp (USA),Trident Seafoods (USA),Austevoll Seafood ASA (Norway),Mowi ASA (Norway),Iglo Group (United Kingdom),Marine Harvest (Norway),Lerøy Seafood Group (Norway)Thai Union Europe (Thailand),Thai Union Group (Thailand),Charoen Pokphand Foods (Thailand),Vietnam Fisheries Company (Vietnam),Avanti Feeds Ltd (India),PT. Charoen Pokphand Indonesia (Indonesia),Zhanjiang Guolian Aquatic Products (China),Grobest Group (Taiwan),Nissui Group (Japan),High Hope Zhongding Corporation (China),Waterbase Ltd (India),Maruha Nichiro Corporation (Japan),Apex Frozen Foods Ltd (India),Amiya Foods (India),Fuzhou Yihua Aquatic Products (China),Pescanova Asia (Singapore)

Segmentation of Shrimp Market:

By Species

  • Gulf Shrimps
  • Farmed White Leg Shrimps
  • Banded Coral Shrimps
  • Royal Red Shrimp

 By Form

  • Frozen
  • Canned
  • Breaded
  • Cooked
  • Peeled

By Size

  • Extra-large
  • Large
  • Medium
  • Small

By Distribution Channel

  • Online
  • Offline

By Application

  • Food
  • Pharmaceutical
  • Cosmetics

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

If You Have Any Query Shrimp Market Report, Visit: 

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. 

Updated Version 2024 is available our Sample Report May Includes the:

  • Scope For 2024
  • Brief Introduction to the research report.
  • Table of Contents (Scope covered as a part of the study)
  • Top players in the market
  • Research framework (structure of the report)
  • Research methodology adopted by Worldwide Market Reports

Our study also discusses the complete keyword market ecosystem, explaining the various market stakeholders, their functions and interdependencies between them. Further, with an emphasis on comprehensive segmentation analysis and geographical coverage, the study enables a profound understanding of regional trends. Moreover, we explore external factors providing a comprehensive view of the market dynamics.

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