Prawn Market Report 2023, Size, Share, Price Trends and Forecast to 2028

According to the new market research report by IMARC Group, The global prawn market size reached 8.1 Million Tons in 2022. Looking forward, the market expected to reach 9.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.

Scientifically known as Dendrobranchiata, prawns represent one of the most popular types of seafood widely utilized in the preparation of sushi, curries, soups, salads, and pasta. They are marine crustaceans, which are generally found in calmer waters wherein they lay eggs in the water plants. They are good for heart health and help build strong bones and muscles, prevent cancer, and assist in fighting Alzheimer's disease. They are also a rich source of selenium, which is an effective antioxidant to improve the skin, regulate active white blood cells, and boost muscle metabolism.

Besides this, they comprise zinc that aids in the development of a healthy immune system. Some of the commonly consumed prawn varieties, include jumbo tiger prawns, wild carabineros prawns, langoustine, wild Argentinian prawns, cocktail prawns, gambero rosso prawns, brown shrimp, and tiger prawns.

Download a free sample report to get a detailed overview of the report: https://www.imarcgroup.com/prefeasibility-report-prawn-processing-plant/requestsample

Covid-19 Scenario:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Prawn Market Trends:

Prawns are a rich source of proteins, vitamins, copper, potassium, magnesium, phosphorus, and omega-3 fatty acids that improve the cardiovascular circulation of the body. A significant rise in the adoption of a protein-rich diet on account of sedentary lifestyles, rising prevalence of lifestyle diseases and increasing health consciousness among individuals represents one of the key factors impelling the global market growth.

Apart from this, the rising focus towards sustainable development has resulted in the growing adoption of organic farming practices. This has led to the easy availability of organic prawns at a reasonable price, which is bolstering the market growth. Furthermore, due to the longer shelf life and convenience of preparation, the key players are introducing frozen and ready-to-eat (RTE) variants to expand their consumer base. This, in confluence with the increasing penetration of online grocery stores and expansion of retail channels, is driving the market. Other major factors, including rapid urbanization, increasing popularity of international cuisines and the wide presence of varied and abundant marine and inland resources, are positively influencing the market.

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/prefeasibility-report-prawn-processing-plant

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse more related reports:

Salmon Market: https://www.imarcgroup.com/salmon-market

Sardine Market: https://www.imarcgroup.com/sardine-market

Shrimp Feed Market: https://www.imarcgroup.com/shrimp-feed-market

India Aqua Inputs and Supplements (for Shrimps) Market: https://www.imarcgroup.com/india-aqua-inputs-supplements-market

Aquaculture Market: https://www.imarcgroup.com/aquaculture-market

India Aquafeed Market: https://www.imarcgroup.com/india-aquafeed-market

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 |
Europe & Africa: +44-753-713-2163 |
Asia: +91-120-433-0800

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.