openPR Logo
Press release

Shrimp Market: The global market is expected to grow at a CAGR of 5.10% during the forecasted period.

02-29-2024 01:51 PM CET | Industry, Real Estate & Construction

Press release from: Evolve Business Intelligence

Shrimp Market: The global market is expected to grow at a CAGR

As per the study initiated by Evolve Business Intelligence, the global Shrimp Market size accounted for USD 68.40 billion in 2022, growing at a CAGR of 5.10% from 2023 to 2033. The Shrimp Market is driven by factors such as rising consumer demand for protein-rich seafood, expanding sustainable shrimp farming practices, and the popularity of value-added shrimp products. However, challenges include fluctuating prices due to supply and environmental concerns, strict regulatory standards in the seafood industry, and intense competition from other seafood sources. The market is segmented by type (whiteleg shrimp, giant tiger prawn, akami paste shrimp, other), application (household, restaurant & hotel), and geography (North America, Europe, Asia-Pacific).

The Shrimp Market is being driven by rising consumer demand for protein-rich seafood, the increasing popularity of value-added shrimp products, and the expansion of sustainable shrimp farming practices. These drivers are contributing to market growth and innovation within the industry. However, challenges such as fluctuating shrimp prices due to supply and environmental concerns, stringent industry regulations, and competition from other seafood sources are factors that could impact market dynamics

Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022307

Key Highlights:
• The global Shrimp Market size was valued at USD 68.40 billion in 2022 growing at a CAGR of 5.10% from 2023 to 2033.
• Asia Pacific dominated the market in 2022
• North America is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Shrimp Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

Buy the Latest Copy of the Report Now at Higher Discount: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022307

Key Players
Some of the major Shrimp Market players holding high market shares include Thai Union Group PCL, Clearwater Seafoods, Avanti Feeds Limited and High Liner Foods. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Thai Union Group PCL
• Clearwater Seafoods
• Avanti Feeds Limited
• High Liner Foods
• Surapon Foods Public Company Limited
• Mazzetta Company, LLC
• Aqua Star
• Nordic Seafood A/S
• The Waterbase Limited
• Wild Ocean Direct

Segmental Analysis
Market Segment By Species
• L. Vannamei
• Trachipenaeus Curvirostris
• Pleoticus Muelleri
• P. Monodon
• Acetes Japonicus
• Pandalus Borealis
• P. Chinensis
• Others

Market Segment By Source
• Wild
• Aquaculture

Market Segment By Form
• Green/ Head-off
• Green/ Head-on
• Peeled
• Cooked
• Breaded
• Others

Market Segment By Distribution Channel
• B2B
• B2C

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022307

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)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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.

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: The global market is expected to grow at a CAGR of 5.10% during the forecasted period. here

News-ID: 3405666 • Views:

More Releases from Evolve Business Intelligence

Capsules: Encapsulating Opportunity in the Self-Healing Concrete Market
Capsules: Encapsulating Opportunity in the Self-Healing Concrete Market
The self-healing concrete market is gaining momentum, driven by the need for durable and sustainable infrastructure. Within this innovative field, the capsule segment stands out as a high-opportunity area, offering a promising approach to automatically repair rifts and extend the lifespan of concrete structures. Market Dynamics and Growth Drivers Capsule-based self-healing concrete incorporates micro or macro capsules containing healing agents, such as bacteria, polymers, or mineral precursors, into the concrete mix. When
Flow and Level Sensors: Navigating High Opportunity in the Marine Sensors Market
Flow and Level Sensors: Navigating High Opportunity in the Marine Sensors Market
The marine sensors market is experiencing significant growth, driven by the increasing demand for enhanced vessel safety, operational efficiency, and environmental monitoring. Among the diverse array of marine sensors, the flow and level sensors segment presents a high-opportunity area, playing a vital role in ensuring optimal vessel performance and preventing critical failures. Market Dynamics and Growth Drivers Flow and level sensors provide real-time data on fluid levels and flow rates within various
Seat Mounts: Anchoring Growth in the Dynamic Marine Seats Market
Seat Mounts: Anchoring Growth in the Dynamic Marine Seats Market
The marine seats market is driven by the demand for comfort, safety, and durability in various marine applications, from recreational boating to commercial vessels. Within this dynamic sector, the seat mount segment presents a high-opportunity area, playing a crucial role in ensuring secure and adaptable seating solutions for diverse marine environments. Market Dynamics and Growth Drivers Seat mounts provide the essential connection between marine seats and the vessel's deck, offering stability, adjustability,
PE100 Pipes: The High-Pressure Powerhouse Driving Growth in the HDPE Pipes Market
PE100 Pipes: The High-Pressure Powerhouse Driving Growth in the HDPE Pipes Marke …
The HDPE (High-Density Polyethylene) pipes market is experiencing robust expansion, fueled by its versatility and durability across various applications. Within this thriving sector, the PE100 pipe segment stands out as a high-opportunity area, offering superior performance for high-pressure applications in water, gas, and industrial pipelines. Market Dynamics and Growth Drivers PE100 pipes, characterized by their high density and excellent long-term hydrostatic strength, are designed to withstand demanding operating pressures

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