Shrimps Market was valued at USD 44.52 Bn. in 2023 and is expected to reach USD 77.29 Bn. by 2030, at a CAGR of 8.2% during the forecast period.
Shrimps Market Overview:
The global shrimps market has been witnessing consistent growth due to its rising popularity as a highly nutritious and versatile seafood option. Shrimp is rich in protein, low in fat, and offers a wide range of essential vitamins and minerals, making it an attractive choice for health-conscious consumers. The market’s growth is also supported by the expansion of aquaculture farming, which ensures a steady supply of shrimp, even in regions where wild shrimp harvesting may be limited. Additionally, increasing global demand for frozen and ready-to-eat shrimp products is further driving the growth of this market.
Get Free Access to Our Sample Report: https://www.maximizemarketresearch.com/request-sample/93121/
Shrimps Market Trends:
One prominent trend in the shrimp market is the increasing consumer preference for sustainably farmed shrimp. With growing awareness about environmental conservation and ethical sourcing, many consumers are seeking products certified by organizations such as the Aquaculture Stewardship Council (ASC) or Best Aquaculture Practices (BAP). Producers and suppliers are responding to this demand by adopting sustainable aquaculture practices, reducing environmental impact, and ensuring better quality shrimp. This trend is reshaping the shrimp market, with sustainability becoming a key driver for growth and competitiveness.
What are Shrimps Market Dynamics?
The shrimp market is driven by several dynamic factors, including advancements in aquaculture technology and the expanding global foodservice industry. Improved farming techniques, such as biofloc technology and recirculating aquaculture systems, have enhanced shrimp production efficiency and reduced disease outbreaks, ensuring a stable supply chain. Moreover, the thriving foodservice sector, especially in regions with strong tourism industries, has significantly boosted shrimp consumption in restaurants, hotels, and catering services.
Shrimps Market Opportunities:
The growing popularity of shrimp in emerging markets presents a significant opportunity for the global shrimp industry. As disposable incomes rise and consumers in developing regions adopt more diverse diets, the demand for shrimp is expected to increase substantially. Producers and exporters have the chance to tap into these new markets by expanding distribution networks and offering affordable, high-quality shrimp products tailored to local preferences.
What is Shrimps Market Regional Insight?
The Asia-Pacific region dominates the global shrimp market, driven by high production levels in countries like India, Vietnam, and Thailand. These nations benefit from favorable climatic conditions, government support for aquaculture, and established export channels. The region is also a major consumer of shrimp, with its popularity deeply rooted in traditional cuisines. Furthermore, ongoing investments in sustainable aquaculture practices and technology advancements are helping Asia-Pacific maintain its leadership position in the global shrimp market.
Get An Exclusive Sample Of The Shrimps Market Report At This Link (Get The Higher Preference For Corporate Email ID):https://www.maximizemarketresearch.com/request-sample/93121/
What is Shrimps Market Segmentation?
By Product Type
Fresh Shrimp
Frozen Shrimp
Canned Shrimp
Breaded or Value-Added Shrimp Products
Dried or Dehydrated Shrimp
Cooked or Precooked Shrimp
By Species
Whiteleg Shrimp
Black Tiger Shrimp
Pacific White Shrimp
Northern Pink Shrimp
Brown Shrimp Rock Shrimp
By Application
Food
Pharmaceutical
Cosmetics
Industrial
Biotechnology
Other
By Distribution Channel
Retail Stores
Online Retail Platforms
Direct Sales
Some of the current players in the Shrimps Market are:
Asia-Pacific:
1. Thai Union Group (Thailand)
2. Charoen Pokphand Foods (Thailand)
3. Minh Phu Seafood Corporation (Vietnam)
4. Nissui Group (Japan)
5. Zhanjiang Guolian Aquatic Products (China)
6. Godrej Agrovet Limited (India)
7. Devi Seafoods (India)
North America:
8. Clearwater Seafoods (Canada)
9. High Liner Foods (Canada)
10. Red Chamber Group (Canada)
11. CenSea (United States)
12. American Seafoods (United States)
13. Pacific Seafood (United States)
14. SeaPak Shrimp & Seafood Co. (United States)
Europe:
15. Royal Greenland (Denmark)
16. Pescanova (Spain)
17. Lerøy Seafood Group (Norway)
South America:
18. Omarsa (Ecuador)
19. Songa (Ecuador)
20. Camanor Produtos Marinhos (Brazil)
21. Camanchaca (Chile)
22. Australis Seafoods (Chile)
Know More About The Report:https://www.maximizemarketresearch.com/market-report/global-shrimps-market/93121/
Key Offerings:
Past Market Size and Competitive Landscape
Shrimps Market Size, Share, Size & Forecast by different segment
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Shrimps Market Segmentation – A detailed analysis by Product
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
For additional reports on related topics, visit our website:
Metal Recycling Market https://www.maximizemarketresearch.com/market-report/global-metal-recycling-market/25671/
Dyes and Pigments Market https://www.maximizemarketresearch.com/market-report/global-dyes-pigments-market/91840/
Printing Inks Market https://www.maximizemarketresearch.com/market-report/global-printing-inks-market/28849/
Chromium Market https://www.maximizemarketresearch.com/market-report/global-chromium-market/55583/
Oxygen Market https://www.maximizemarketresearch.com/market-report/global-oxygen-market/101829/
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 [email protected]
🌐 www.maximizemarketresearch.com
