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Shrimp Market 2023 Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

03-29-2023 07:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Ocean

Shrimp Market 2023 Key Players, SWOT Analysis, Key Indicators

Report Ocean provides a comprehensive analysis of the Shrimp Market. It assesses business solutions and studies, advancement, applications, advantages, benefits, breadth, and operations.

Global Shrimp Market to Grow at a CAGR of 10.4% during 2022-2028

Global Shrimp Market is growing at a high rate because of the rising health awareness, urbanization, rising disposable incomes along with the expanding usage of shrimp in the Food and Beverage industry, pharmaceuticals, and cosmetics

A recent study conducted by the strategic consulting and market research firm, Report Ocean, revealed that the Global Shrimps Market was worth USD 30.64 billion in the year 2022. It is estimated to grow at a CAGR of 10.4%, earning revenue of around USD 74.28 billion by the end of 2028.

Download Free Sample of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=MR306

The lucrative growth of the Global Shrimp Market is attributed to health awareness, the rising purchasing power of the consumers, expanding Food and Beverage industry, adoption of a variety of shrimp and convenience food products, rising environment-friendly production techniques, as well as increasing consumption of various frozen shrimp food products across the globe. Furthermore, Global Shrimp Market is one of the most emerging markets that grow continuously owing to the fast advantages and integration of new technologies like the Internet of Things (IoT), artificial intelligence (AI), cloud computing, and others. Moreover, some consumers are more concerned about the freshness of the product and they prefer fresh, natural, and nutritional seafood. However, shrimp contains high cholesterol, and some consumers fear eating high cholesterol food due to the belief that it increases cholesterol in the blood and promotes heart diseases which in turn declines the growth of the Global Shrimp Market. The demand for frozen Shrimp snacks and delicious Shrimp food dishes, and shrimp cocktails, in general, is gaining huge popularity among consumers across the globe. Shrimp frozen-ready meals have already made themselves a place in the market due to changing lifestyles of consumers. With increasing launches of different other shrimp ood products, the market is anticipated to proliferate during the forecast period (2023-2028) around the globe.

Based on Distribution Channel, the Global Shrimp Market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Restaurants, and Online. The Online segment dominates the market owing to the rising adoption of Frozen Shrimps products and Online Channels have the wide availability of different frozen shrimp products, also changing purchasing pattern of consumers, and discounted price grabs consumers interest in buying through E-Commerce which in turn reinforces the growth of the Global Shrimps Market during the forecast period. Based on End-User, the Global Shrimp Market is segmented into Food and Beverage Industry, Pharmaceuticals, and Personal Care. The Food and Beverage Industry accounts to hold the largest share in the market owing to the wide usage of shrimp in various food dishes and beverages such as creamy garlic shrimp, shrimp stir-fry, shrimp appetizers, frozen shrimp, drunken shrimp cocktails, bloody mary shrimp, and other shrimp cocktails. All these popular shrimp dishes are widely adopted around the globe and available in many restaurants, hotels, and caterings that drive the growth of the Global Shrimp Market during the forecast period.

Get a Request Sample Report: https://reportocean.com/industry-verticals/sample-request?report_id=MR306

Geographically, the Global Shrimp Market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). The Asia-Pacific (APAC) segment accounts to hold the largest share in the market owing to the largest adoption of shrimps in traditional cuisines in China, Japan, India, Australia, and Vietnam. Moreover, Asia-Pacific (APAC) is account for the largest producer of shrimp imported into North America and Europe. As a result, shrimp is a flourishing market in North America and Europe owing to the large import volumes of shrimp around the world.

The leading market players in the Global Shrimp Market are Aqua Star Corp. (US), Nordic Seafood A/S (Hirtshals, Denmark), Mazeetta Company LLC., Surapon Foods (Muang, Thailand), High Linear Foods Inc. (Lunenburg, Canada), Marine Harvest (Bergen, Norway), Clearwater Seafoods Inc. (Bedford, Canada), Wild Oceans Pvt Ltd., Avanti Feeds Ltd. (Hyderabad, India), The Waterbase Ltd., Thai Union Group (Bangkok, Thailand), and other prominent players.

Segment-

BY TYPE (PINK, BROWN, WHITE, AND OTHERS),

BY SOURCE (AQUACULTURE, COASTAL FARMING, AND CAPTURE FISHERY),

BY DISTRIBUTION CHANNEL (SUPERMARKETS/HYPERMARKETS, SPECIALTY STORES, CONVENIENCE STORES, RESTAURANTS, AND ONLINE RETAIL), END USER (FOOD AND BEVERAGE INDUSTRY, PHARMACEUTICALS, AND PERSONAL CARE),

BY REGION (NORTH AMERICA, EUROPE, ASIA-PACIFIC (APAC), LATIN AMERICA (LATAM), MIDDLE EAST & AFRICA (MEA)

The Global Shrimp Market is highly fragmented with the presence of multinational Food and Beverages companies. These companies constantly launch a wide range of products with innovations to attract consumers and significantly invest in research and development activities to further innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Dont miss the business opportunity in the Global Shrimp Market. Consult our analysts to gain crucial insights and facilitate your business growth.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=MR306

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics on the Global Shrimp Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Shrimp Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Key Reasons to Buy this Report:

Access to date data compiled by means of our researchers. These grant you with historic and forecast data, which is analyzed to inform you why your market is set to change
This allows you to expect market adjustments to continue to be in advance of your competitors
You will be in a position to replica information from the Excel spreadsheet straight into your advertising plans, commercial enterprise presentations, or different strategic documents
The concise analysis, clear graph, and desk structure will allow you to pinpoint the records you require quickly
Provision of market cost (USD Billion) records for every phase and sub-segment
Indicates the area and section that is predicted to witness the quickest increase as nicely as to dominate the market
Analysis through geography highlighting the consumption of the product/service in the area as nicely as indicating the elements that are affecting the market inside every region
Competitive panorama which contains the market rating of the predominant players, alongside with new service/product launches, partnerships, commercial enterprise expansions, and acquisitions in the previous 5 years of organizations profiled
Extensive business enterprise profiles comprising of business enterprise overview, employer insights, product benchmarking, and SWOT evaluation for the primary market players
The cutting-edge as nicely as the future market outlook of the enterprise regarding current traits which contain boom possibilities and drivers as properly as challenges and restraints of each rising as nicely as developed regions
Includes in-depth evaluation of the market from quite a number views via Porter's 5 forces analysis
Provides perception into the market via Value Chain
Market dynamics scenario, alongside with boom possibilities of the market in the years to come, 6-month post-sales analyst help

Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR306

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

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Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com

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