Press release
Shrimp Balls Market Growth Statistics, Size Estimation, Emerging Trends, Outlook to 2030
Market Size and Growth
The global shrimp balls market was valued at US$ 68 Mn in 2020 and is projected to reach US$ 135 Mn by 2030, growing at a CAGR of 6.9% during the forecast period.
Asia Pacific is expected to dominate the market, followed by North America and Europe, owing to the high consumption of seafood in these regions.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81789&utm_source=OpenPR_Sudha&utm_campaign=OpenPR
Market Segmentation
By Product Type:
Traditional Shrimp Balls
Flavored Shrimp Balls
Organic Shrimp Balls
By Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Retail
Regional Analysis
Asia Pacific:
China, Japan, and South Korea are the major consumers of shrimp balls in the region.
North America:
The United States and Canada are key markets due to the growing popularity of Asian cuisine.
Europe:
Countries like the UK, Germany, and France are witnessing a surge in demand for shrimp balls.
Market Drivers
Increasing consumer preference for healthy and convenient snacks.
Growing demand for exotic and ethnic cuisines.
Rising disposable income and changing lifestyles.
Market Challenges
Fluctuating prices of shrimp due to environmental factors.
Intense competition from other seafood snacks.
Market Trends
Introduction of innovative flavors and packaging.
Use of organic and sustainable shrimp.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/checkout.php?rep_id=81789<ype=S&utm_source=OpenPR_Sudha&utm_campaign=OpenPR
Competitive Landscape
Key players in the global shrimp balls market include:
I.T. Foods Industries Co., Ltd
Starfish Co., Ltd.
Thaveevong Industry Co., Ltd.
Thai Agri Foods Public Company Limited
Kenko Food Sdn Bhd
Fresh Fish del Ecuador Cia. Ltda.
Kim Sea Food Products
Huazhi-wang Enterprise Co., Ltd.
Fisherman's Choice.
P.T. Foods Processing Co. Ltd.
These companies are focusing on product innovation and strategic partnerships to expand their market presence.
Future Outlook
The global shrimp balls market is expected to witness steady growth, driven by the increasing popularity of seafood snacks and the introduction of new product variants.
Manufacturers are likely to focus on sustainable sourcing practices and eco-friendly packaging to attract environmentally conscious consumers.
Key Market Study Points
Consumer preferences and buying behavior.
Impact of COVID-19 on the market.
Regulatory landscape and import-export scenario.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐๐ฅ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/walnut-market-size-is-projected-to-reach-usd-11-1-billion-at-a-4-3-cagr-by-2031---transparency-market-research-inc-302032434.html
๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ ๐ฅ๐จ๐ฎ๐ซ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Transparency Market Research Inc.
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