Shelled Shrimp Market Size 2024 to 2031.

Market Overview and Report Coverage

Shelled shrimp, also known as peeled shrimp, are a popular seafood option around the world. They are widely consumed due to their versatility, mild flavor, and high protein content. The global shelled shrimp market is expected to grow at a compound annual growth rate (CAGR) of 10.50% during the forecasted period.
The future outlook for the shelled shrimp market is promising, driven by factors such as increasing consumer demand for healthy and sustainable protein sources, growth in the foodservice industry, and rising disposable incomes. Additionally, advancements in aquaculture technology and practices are expected to increase production efficiency and quality of shelled shrimp.
Currently, the shelled shrimp market is witnessing steady growth, with key players focusing on product innovation, sustainable sourcing, and expanding distribution networks. The market is also benefiting from the growing popularity of shrimp-based dishes and cuisines in various regions.
Overall, the shelled shrimp market is poised for significant growth in the coming years, fueled by changing consumer preferences, technological advancements, and increasing awareness about the health benefits of seafood consumption.

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Market Segmentation
The Shelled Shrimp Market Analysis by types is segmented into:
• By Process
• Cooked Type
• Raw Type
• By species
• Whiteleg Shrimp
• Giant Tiger Prawn
• Akiami Paste Shrimp
• Other

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Shelled shrimp can be categorized into different market types based on various factors. This includes classification by process, such as peeled or unpeeled shrimp, cooked or raw shrimp. Shrimp can also be classified by species, such as Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, and other varieties. Each market type offers unique characteristics in terms of taste, texture, and versatility in cooking applications, catering to different preferences and culinary needs.

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The Shelled Shrimp Market Industry Research by Application is segmented into:
• Household
• Restaurant and Hotel
• Others

Shelled shrimp are widely used in various markets, including households, restaurants, hotels, and others. In households, shelled shrimp are a popular ingredient for home-cooked meals and snacks. Restaurants and hotels use shelled shrimp in numerous dishes, including appetizers, main courses, and seafood platters. Other markets, such as catering companies and food manufacturers, also utilize shelled shrimp in their products. Overall, the demand for shelled shrimp remains high across different market applications due to its versatility and delicious taste.

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In terms of Region, the Shelled Shrimp Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Shelled Shrimp market?
Some emerging trends in the global shelled shrimp market include the increasing popularity of sustainable and eco-friendly shrimp farming practices, growing demand for organic and natural shrimp products, rising consumer interest in innovative shrimp products like flavored or pre-cooked varieties, and the expanding use of technology for transparent supply chain management. Additionally, the market is witnessing a shift towards online purchasing channels and increasing focus on traceability and food safety measures to meet regulatory requirements. Overall, these trends are expected to drive growth and diversification in the shelled shrimp market in the coming years.

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Major Market Players
Minh Phu Seafood Corp is one of the leading players in the competitive shelled shrimp market. They have a strong presence in the global market, with a focus on sustainable seafood practices. The company was founded in 1990 in Vietnam and has since grown to become a major player in the seafood industry.
Thai Union is another key player in the shelled shrimp market, with a focus on providing high-quality seafood products to consumers around the world. The company has a long history in the seafood industry, dating back to 1977 when it was founded in Thailand. Thai Union has shown steady market growth over the years, expanding its product range and market reach.
Expalsa is a well-known player in the shelled shrimp market, with a focus on providing premium seafood products to customers. The company was founded in Ecuador in 1994 and has since built a strong reputation for its quality products and sustainable practices. Expalsa has experienced significant market growth in recent years, expanding its customer base and product offerings.
In terms of sales revenue, Thai Union reported a revenue of $4.1 billion in 2020, while Minh Phu Seafood Corp reported a revenue of $734 million in the same year. These figures indicate the strong market presence and growth of these companies in the shelled shrimp market. Other players such as Zhanjiang Guolian, Pescanova, and Royal Greenland A/S also have significant sales revenues, highlighting the competitiveness of the market and the opportunities for growth in the seafood industry.

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