Press release
๏ปฟShrimps Market Size Worth USD 77.29 Billion by 2030 | Growth, Share Analysis
Shrimps Market
Shrimps Market was valued at USD 44.52 Bn. in 2023 and is expected to reach USD 77.29 Bn. by 2030, at a CAGR of 8.2% during the forecast period.
Shrimps Market Overview:
The global shrimps market revolves around the small, decapod crustaceans belonging to the infraorder Caridea, found in marine and freshwater environments worldwide. Shrimps are integral to the aquatic food chain, providing sustenance for various predators and serving as a popular food source for humans. They are enjoyed in a variety of culinary preparations, including shrimp cocktail, and stir-fry, prized for their tender texture and delicate flavor. With a significant portion of global shrimp consumption coming from farmed sources rather than wild catches, advances in aquaculture have enabled sustained production to meet growing demand. Major shrimp farming nations include China, India, Vietnam, and Ecuador, contributing to a market valued between $12 billion and $15 billion.
๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฎ๐ฌ๐ญ ๐ ๐๐ฅ๐ข๐๐ค ๐๐ฐ๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/93121/
Drivers in the Shrimps Market:
The surging global demand for shrimp is fueled by increasing disposable incomes, evolving dietary habits, and heightened awareness of seafood's health benefits. Aquaculture has emerged as a pivotal driver of the market, offering a sustainable solution to wild shrimp depletion and addressing environmental concerns. Innovations in aquaculture technology, including improved breeding methods, disease management, and feed formulation, have significantly enhanced production efficiency. Additionally, trade liberalization and globalization have expanded market reach, while rising consumer emphasis on sustainability and traceability prompts shrimp producers to adopt more responsible farming practices.
Shrimps Market Trends:
The shrimp industry is witnessing a shift towards sustainable and traceable sourcing, driven by consumer and regulatory pressures for environmental and social responsibility. Technological advancements in shrimp farming, such as enhanced genetics and biotechnology, are improving productivity and disease resistance. Furthermore, the growing preference for convenience and value-added shrimp products reflects changing consumer lifestyles and dietary trends. The market is also experiencing volatility due to fluctuations in shrimp prices, supply chain disruptions, and environmental challenges impacting production.
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/93121/
Shrimps Market Opportunities:
Opportunities in the shrimp market are expanding as consumers increasingly demand sustainably sourced and eco-friendly products. Innovations in aquaculture practices present avenues for improving shrimp farming efficiency and reducing environmental impacts. The rise of value-added shrimp products and convenience foods caters to evolving consumer preferences, providing growth prospects. Additionally, emerging markets and trade agreements offer potential for increased exports and market penetration, driving further development in the industry.
What is Shrimps Market Regional Insight?
The Asia Pacific region, home to major shrimp-consuming and -producing countries like China, Japan, and Thailand, is a key driver of global shrimp market growth. The region's rising population, disposable incomes, and seafood preferences contribute to strong demand. Trade agreements and regional liberalization have facilitated shrimp trade, while consumer trends favoring sustainability and traceability are shaping market dynamics. Notably, China has emerged as a leading importer, with significant growth in shrimp imports, particularly from Ecuador and India. The region's evolving market landscape reflects both opportunities and challenges in the global shrimp industry.
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐๐จ๐ซ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ + ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ ๐ซ๐๐ฉ๐ก๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/93121/
Segmentation Analysis of the Shrimps Market:
By Product Type
Fresh Shrimp
Frozen Shrimp
Canned Shrimp
Breaded or Value-Added Shrimp Products
Dried or Dehydrated Shrimp
Cooked or Precooked Shrimp
By Species
Whiteleg Shrimp
Black Tiger Shrimp
Pacific White Shrimp
Northern Pink Shrimp
Brown Shrimp Rock Shrimp
By Application
Food
Pharmaceutical
Cosmetics
Industrial
Biotechnology
Other
By Distribution Channel
Retail Stores
Online Retail Platforms
Direct Sales
Who is the largest manufacturers of Shrimps Market worldwide?
Asia-Pacific:
1. Thai Union Group (Thailand)
2. Charoen Pokphand Foods (Thailand)
3. Minh Phu Seafood Corporation (Vietnam)
4. Nissui Group (Japan)
5. Zhanjiang Guolian Aquatic Products (China)
6. Godrej Agrovet Limited (India)
7. Devi Seafoods (India)
North America:
8. Clearwater Seafoods (Canada)
9. High Liner Foods (Canada)
10. Red Chamber Group (Canada)
11. CenSea (United States)
12. American Seafoods (United States)
13. Pacific Seafood (United States)
14. SeaPak Shrimp & Seafood Co. (United States)
Europe:
15. Royal Greenland (Denmark)
16. Pescanova (Spain)
17. Lerรธy Seafood Group (Norway)
South America:
18. Omarsa (Ecuador)
19. Songa (Ecuador)
20. Camanor Produtos Marinhos (Brazil)
21. Camanchaca (Chile)
22. Australis Seafoods (Chile)
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-shrimps-market/93121/
Key Offerings:
Past Market Size and Competitive Landscape
Shrimps Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Shrimps Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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