Shrimp Market Key Players | Thai Union Group PCL, Clearwater Seafoods, Avanti Feeds Limited, High Liner Foods, and Surapon Foods Public Company Limited

As per the study initiated by Evolve Business Intelligence, the global Shrimp Market size accounted for USD 68.21 Billion in 2023, growing at a CAGR of 5.51% from 2023 to 2033. Shrimp are small, decapod crustaceans belonging to the infraorder Caridea. These marine or freshwater animals are characterized by a slender body, a segmented exoskeleton, and ten pairs of legs. With a diverse range of species, shrimp inhabit various aquatic environments, from coastal waters to deep-sea habitats. They play a crucial role in aquatic ecosystems, serving as both prey and predators. Known for their distinctive curled shape, shrimp are a popular seafood choice worldwide and are consumed in various culinary dishes, from stir-fries to shrimp cocktails. Their economic and ecological significance makes them a focal point of fisheries and aquaculture, contributing to global food supplies and local economies.

Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021869

The shrimp market is primarily driven by increasing consumer demand for seafood, coupled with the growth of aquaculture as a sustainable source of shrimp production. Additionally, rising awareness of the health benefits associated with shrimp consumption further fuels market expansion.

Key Players
Some of the major Shrimp Market players holding high market shares include Thai Union Group PCL, Clearwater Seafoods, Avanti Feeds Limited, High Liner Foods, and Surapon Foods Public Company Limited. These players use partnership and collaboration as key strategies to gain significant market share to compete with market leaders. Some of the other major market players include Mazzetta Company, LLC, Aqua Star, Nordic Seafood A/S, The Waterbase Limited, and Wild Ocean Direct.

Report Description: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021869

Segmental Analysis
Based on Species, the Shrimp market is segmented into L. Vannamei, Trachipenaeus Curvirostris, Pleoticus Muelleri, P. Monodon, Acetes Japonicus, Pandalus Borealis, P. Chinensis, Others. The dominance of the L. Vannamei segment in the shrimp market is propelled by its high growth rate, adaptability to diverse farming conditions, and superior marketability due to its white, tender flesh.

Based on the Source, the Shrimp market is segmented by Wild, Aquaculture. The projected high CAGR in the wild shrimp segment is attributed to increasing consumer preference for sustainably sourced and naturally harvested seafood, driving demand for wild-caught shrimp products.
Based on Form, the Shrimp market is segmented into Green/ Head-off, Green/ Head-on, Peeled, Cooked, Breaded, and Others. The dominance of the Green/Head-off segment in the shrimp market is propelled by the convenience it offers to consumers, as pre-peeled and deveined shrimp reduce preparation time, aligning with the growing demand for ready-to-cook and easy-to-handle seafood options.

Based on the Distribution Channel, the Shrimp market is segmented by B2B and B2C. The projected high CAGR in the B2B segment is attributed to the increasing global demand for shrimp products in the food service and hospitality industries, as well as the rising popularity of value-added shrimp products in bulk purchasing for further processing and distribution.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

This release was published on openPR.