Shrimp Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
Shrimp Market Overview and Definition
The shrimp market is a segment of the seafood industry that deals with the production, processing, and distribution of shrimp. Shrimp are a popular seafood item and are consumed in many parts of the world. They are a rich source of protein, omega-3 fatty acids, and various other nutrients, which make them a healthy and nutritious food choice.
Shrimp can be sourced from both wild-caught and farm-raised sources. The shrimp market includes various types of shrimp, such as white shrimp, black tiger shrimp, pink shrimp, and brown shrimp, among others. Shrimp can be sold in various forms, including fresh, frozen, canned, and dried.
The shrimp market is driven by several factors, including the growing demand for seafood, changing consumer preferences for healthy and nutritious food, and the increasing popularity of shrimp in international cuisines. The growth of the market is also attributed to the increasing use of advanced technology in shrimp farming, processing, and packaging, which has led to higher productivity, improved quality, and longer shelf life.
The shrimp market is highly competitive, and companies operating in the market must comply with various regulations and quality standards related to food safety and sustainability. The market includes several major players, as well as many smaller companies and startups. The market is expected to continue to grow in the coming years, driven by factors such as population growth, urbanization, and changing dietary habits. However, the market also faces challenges related to environmental concerns, disease outbreaks, and supply chain disruptions, which could impact the growth and profitability of the industry.
Growth Drivers & Barriers
Changing food habits of population such as rise in demand for seafood is anticipated to foster the demand for shrimp market in the years ahead. Further, rising awareness about benefits of seafood such as high protein, among others is anticipated to strengthen the growth of global shrimp market.
Rising disposable income of the population is also one of the major factors which is anticipated to foster the growth of the market during the forecast period. Addition to that, growing urban population is driving the demand for sea foods. Further, rise in the number of restaurants & bars is likely to aid to the growth of the market.
Various advancements in shrimp farming technology are resulting in increased and healthy production of shrimps. Further, favorable government regulations for new food processor plants setup is anticipated to strengthen the growth of the market.
In the terms of geography, the shrimp market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, Asia Pacific is slated to account for highest percentage of market share in overall shrimp market during the forecast period. North America shrimp market accounted for second position in overall shrimp market in 2017.
The research offers a comprehensive analysis of shrimp market with respect to following sub-markets:
- Gulf Shrimps
- Farmed Whiteleg Shrimps
- Banded Coral Shrimps
- Royal Red Shrimps
- Giant Tiger Shrimps
- Blue Shrimps
- Ocean Shrimps
- Industrial & Biotechnology
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as;
- Charoen Pokphand Food PCL
- Maruha Nichiro Corporation
- High Liner Foods Inc.
- The Clover Leaf Seafoods Family
- Nippon Suisan Kaisha, Ltd.
- Royal Greenland A/S
- Blue Star Seafood Co. Ltd.
- Wild Planet Foods Inc.
- Ocean America Food SA
- Rich Products Corporation
- Others Major and Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in shrimp market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global shrimp market by the following segments:
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Key Questions Answered in the Global Shrimp Industry Report;
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?