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

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

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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..

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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

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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

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