openPR Logo
Press release

Shrimp Market to Reach Valuation US$ 87.9 Billion During 2023-2028 | CAGR of 4.7%

05-12-2023 06:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Shrimp Market

Shrimp Market

According to the latest report by IMARC Group, titled "Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global shrimp market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global shrimp market size reached US$ 65.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 87.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

Shrimp is a translucent clear, elongated invertebrate aquatic animal that belongs to the class of crustaceans. It is generally found near the seafloor, in rivers, lakes, and on certain coasts and is referred to as the most flavored and delicious delicacies from the seafood congregate. It plays an essential role in the food chain and is a vital source of nutrients for larger animals, such as fish and whales. Additionally, it is a rich source of phosphorus, antioxidants, proteins, iron, selenium, copper, magnesium, omega-3 fatty acids, and vitamins B that assists in losing weight, relieving eye fatigue, improving bone and brain health, lowering blood pressure, and minimizing the chances of developing cardiovascular diseases. As a result, it is widely used in the preparation of numerous food items, including salads, pasta, curry, soups, and stir-fried dishes.

Request Free Sample Report: https://www.imarcgroup.com/prefeasibility-report-shrimp-processing-plant/requestsample

Global Shrimp Market Trends:

The market is primarily driven by the increasing preference for protein-rich diets among the masses. This can be attributed to the changing dietary patterns and the rising health consciousness of individuals. Moreover, the growing consumer awareness and expanding aquaculture industry are further catalyzing the growth of the shrimp market. Besides this, the rising utilization of shrimp shells in the manufacturing of cosmetics and personal care products, such as creams and shampoos, is creating a positive market outlook.

Furthermore, numerous major companies are launching frozen and canned variants of shrimp using sustainable packaging solutions, which is gaining widespread prominence across the globe. Along with this, the rising initiatives undertaken by governments to promote fish farming across several countries are impacting the market favorably. Other factors, such as the advent of home delivery models and the emerging e-commerce sector, are also influencing the market.

Competitive Landscape:

By IMARC group the report has also analyzed the competitive landscape of the market with some of the top shrimp companies being

• Aqua Star Corp.
• Avanti Feeds Ltd.
• Clearwater Seafoods Inc.
• High Liner Foods Inc.
• Mazzetta Company LLC
• Nordic Seafoods A/S
• Surapon Foods
• Thai Union Group
• The Waterbase Ltd.
• Wild Oceans Pvt. Ltd.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/prefeasibility-report-shrimp-processing-plant

Key Market Segmentation:

Breakup by Species:

• Penaeus vannamei
• Penaeus monodon
• Macrobrachium rosenbergii
• Others

Breakup by Shrimp Size:

• 21
• 21-25
• 26-30
• 31-40
• 41-50
• 51-60
• 61-70
• 70

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others

Breakup by Region:

Major Producing Regions:

• China
• India
• Indonesia
• Vietnam
• Thailand
• Ecuador
• Others

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

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

Browse the Latest Research Reports:

• Digital Remittance Market: https://www.imarcgroup.com/digital-remittance-market

• Europe Cheese Market: https://www.imarcgroup.com/europe-cheese-market

• Pressure Sensor Market: https://www.imarcgroup.com/pressure-sensor-market

• Aesthetic Lasers And Energy Devices Market: https://www.imarcgroup.com/aesthetic-lasers-energy-devices-market

• Skin Care Products Market: https://www.imarcgroup.com/skin-care-products-market

• Logistics Market: https://www.imarcgroup.com/logistics-market

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shrimp Market to Reach Valuation US$ 87.9 Billion During 2023-2028 | CAGR of 4.7% here

News-ID: 3052298 • Views:

More Releases from IMARC Group

Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw Materials and Investment Insights
Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw …
Automotive control cables are essential components used to transmit mechanical force in vehicles, enabling the smooth operation of various systems such as brakes, clutches, accelerators, gear shifts, and seating mechanisms. These cables are designed for durability, flexibility, and high performance under diverse driving conditions. Their demand is directly linked to the growth of the automotive industry, aftermarket sales, and increasing consumer preference for enhanced driving comfort and safety. Setting up an
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025-2033
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025- …
IMARC Group, a leading market research company, has recently released a report titled "Halal Cosmetics Market Size, Share, Trends and Forecast by Type, Distribution Channel, and Region, 2025-2033." The study provides a detailed analysis of the industry, including the global halal cosmetics market size, trends, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Halal Cosmetics Market Highlights: • Halal Cosmetics Market
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Economics and Profitability Outlook
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Econ …
Castor oil is a versatile vegetable oil extracted from the seeds of the Ricinus communis plant. It is widely used in pharmaceuticals, cosmetics, food processing, lubricants, paints, coatings, and biodiesel production owing to its unique chemical properties, including high ricinoleic acid content. Castor oil derivatives also serve as key raw materials in the polymer, chemical, and industrial sectors. Establishing a castor oil processing plant involves steps such as seed cleaning, dehulling,
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and Market Opportunities
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and M …
Honey is a natural sweetener produced by honeybees and is valued for its nutritional, medicinal, and industrial applications. It contains antioxidants, enzymes, vitamins, and minerals that make it a popular ingredient in food and beverages, pharmaceuticals, cosmetics, and personal care products. Processed honey is widely consumed as a sweetener, used in bakery and confectionery items, beverages, dietary supplements, and skincare formulations. Setting up a honey processing plant involves operations such as

All 5 Releases


More Releases for Shrimp

Prominent Frozen Shrimp Market Trend for 2025: Innovation in the Frozen Shrimp M …
What Are the Projected Growth and Market Size Trends for the Frozen Shrimp Market? The size of the frozen shrimp market has seen substantial growth over the past few years. The market is set to expand from $24 billion in 2024 to $26.23 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.3%. This growth previously observed was due to various factors, such as the growing customer demand for
Shrimp Products Market Size 2024 to 2031.
Market Overview and Report Coverage The Shrimp Products Market encompasses various products derived from shrimp such as whole shrimp, shrimp meat, and shrimp sauces. With the increasing demand for seafood products globally, the market for shrimp products has been steadily growing. Factors driving this growth include the rising consumer awareness about the health benefits of shrimp, the growth of the aquaculture industry, and the increasing popularity of seafood in the
Global Shrimp Market Research Report 2023-2029
Aquaculture is the fastest growing form of food production in the world. •Shrimp dominate aquaculture production by value, consequently shrimp aquaculture is one of the fastest-growing forms of aquaculture. Shrimp report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Shrimp market is projected to reach US$ 74840 million in 2029, increasing from US$ 53690 million in 2022, with the CAGR of 4.8% during
Shrimp Disease Diagnostics Market: Safeguarding Aquaculture Health and Maximizin …
The Shrimp Disease Diagnostics Market generated around US$ 448.0 Million in revenue globally in 2022, and it is anticipated that this market will grow at a CAGR of 5.6% to reach an estimated value of US$ 821.0 Million by the end of 2033. The shrimp disease diagnostics market has been analysed across the regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA and Emerging Countries such as
Fish Fish Feed Fish Feed Additive Shrimp Shrimp Feed Shrimp Feed Additive Market …
Global Fish, Fish Feed, Fish Feed Additive, Shrimp, Shrimp Feed, Shrimp Feed Additive Market Research Report provides a key analysis of the market status of the Fish, Fish Feed, Fish Feed Additive, Shrimp, Shrimp Feed, Shrimp Feed Additive with the best facts and figures, meaning, definition, SWOT analysis, expert opinions, and the latest developments across the globe. The report also calculates the market size, Sales, Price, Revenue, Gross Margin, Market
Fish, Fish Feed, Fish Feed Additives, Shrimp, Shrimp Feed, Shrimp Feed Additives …
Market Overview: Feeding these aquatic animals food is referred to as feeding fish and shrimp. To increase the end product quality of fish or shrimp, to preserve the physical and chemical quality of their diet, or to preserve the quality of the aquatic environment, additives are nutritional elements that are supplemented in small amounts. The producers of compound feed, integrators, farmers, home-mixers, animals, and participants in the aquaculture business are the final