United States Shrimp Market Poised to Reach 1,262,100 Tons, Growing at a CAGR of 3.1% During 2024-2032

The latest report by IMARC Group, titled "United States Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the United States (US) shrimp market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The United States (US) shrimp market size reached 953,200 Tons in 2023. Looking forward, IMARC Group expects the market to reach 1,262,100 Tons by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.

Shrimp is a crustacean with a distinctive flavor profile and succulent texture. It is renowned for its culinary versatility and high nutritional value. This seafood treasure is available in various types and sizes, including Gulf shrimp, Pacific shrimp, and imports from global sources. It is characterized by its lean protein content, making it a desirable option for those who are health-conscious. Shrimp's ability to adapt to diverse culinary styles and cuisines, from shrimp to sushi, has solidified its position as a sought-after ingredient in both households and the food service industry.

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Market Trends and Drivers:

The increasing demand for seafood majorly drives the market in United States. This can be supported by the evolving dietary preferences of consumers towards healthier protein sources. Shrimp, with its low-calorie, high-protein composition, aligns perfectly with this trend, making it a preferred choice among health-conscious individuals. Additionally, the convenience factor associated with shrimp consumption, such as its quick cooking time and adaptability to various cuisines, further bolsters its appeal in the food service industry. Moreover, sustainability is emerging as a critical trend in the United States shrimp market.

Consumers and businesses are increasingly prioritizing sustainably sourced seafood products, which align with environmental and ethical considerations. This is leading to the adoption of responsible fishing practices and certification programs within the shrimp industry to meet these demands. Furthermore, technological advancements in shrimp farming and processing have improved efficiency and quality control, creating a positive market outlook. Some of the other factors driving the market include the wide availability of shrimp, growing sustainability concerns, and changing consumer preferences.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/united-states-shrimp-market

Key Market Segmentation:

Breakup by Environment:

• Farmed
• Wild

Breakup by Domestic Production and Imports:

• Domestic Production
• Imports

Breakup by Species:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

Breakup by Product Categories:

• Peeled
• Shell-on
• Cooked
• Breaded
• Others

Breakup by Distribution Channel:

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

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• 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.

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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.