Shrimpsc Market to Reach USD 77.29 Bn. by 2030, Driven by 8.2 percentage CAGR Growth

The 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:

Shrimps are small, versatile crustaceans that are widely consumed around the world due to their delicate taste and nutritional benefits. They inhabit both marine and freshwater environments, and their popularity as a food source has made shrimp farming, or aquaculture, a crucial part of the global seafood industry. As one of the most traded seafood products, shrimp is in high demand across various regions, particularly in countries like the United States, China, Japan, and Europe. A significant portion of global shrimp consumption is sourced from aquaculture, as wild shrimp stocks continue to decline. Asia, especially nations such as China, India, Thailand, and Vietnam, dominates shrimp production, with these regions being key exporters to international markets. Advances in shrimp farming techniques, including genetic improvements, disease management, and efficient feed practices, have increased production capacity, allowing the industry to meet the growing global demand for shrimp.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲 :https://www.maximizemarketresearch.com/request-sample/93121/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐡𝐫𝐢𝐦𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

The continued expansion of the shrimp market is fueled by a combination of factors, including rising consumer demand, technological advancements, and the shift toward aquaculture. As disposable incomes rise, particularly in emerging economies, more consumers are turning to shrimp as a source of high-quality, protein-rich seafood. This shift is also influenced by the increasing awareness of the health benefits associated with shrimp consumption, such as its high omega-3 content, low calorie count, and rich mineral profile. Shrimp is considered a healthy alternative to other meat products, aligning with the growing health-conscious food trends. Additionally, the development of value-added shrimp products, such as pre-cooked, breaded, and frozen shrimp, has made it more convenient for consumers, further driving the market's growth.

𝐒𝐡𝐫𝐢𝐦𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

One of the most prominent trends in the shrimp market is the increasing demand for sustainably sourced and traceable shrimp products. With growing concerns over the environmental and social impacts of shrimp farming, consumers and retailers are prioritizing sustainability. Certification programs like the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP) are gaining traction, providing consumers with assurance that the shrimp they purchase has been produced in an environmentally responsible and socially equitable manner. Additionally, there is a marked rise in consumer interest in organic shrimp farming, as environmentally conscious consumers seek products that align with their ethical and ecological values.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 :https://www.maximizemarketresearch.com/inquiry-before-buying/93121/

𝐒𝐡𝐫𝐢𝐦𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The shrimp market presents significant opportunities for growth, particularly in emerging economies where rising incomes and changing food consumption habits are driving increased demand for seafood. As populations in regions such as Asia-Pacific and Latin America continue to grow, so does the need for affordable and nutritious protein sources, with shrimp being a key contender. These regions not only represent large consumer markets but are also crucial production hubs for shrimp farming. Expanding shrimp farming capacity in these regions, combined with improvements in farming technologies, offers the potential to meet the growing demand while ensuring the sustainability of the industry.

𝐊𝐞𝐲 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐡𝐫𝐢𝐦𝐩𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐚𝐧𝐝 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧

In Asia, 𝐕𝐢𝐞𝐭𝐧𝐚𝐦-𝐛𝐚𝐬𝐞𝐝 𝐌𝐢𝐧𝐡 𝐏𝐡𝐮 𝐒𝐞𝐚𝐟𝐨𝐨𝐝 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 continues its strategic expansion with the acquisition of several local shrimp farming operations. This move is designed to secure a stable shrimp supply and maintain market leadership in the high-demand markets of Europe and North America. 𝐓𝐡𝐚𝐢 𝐔𝐧𝐢𝐨𝐧 𝐆𝐫𝐨𝐮𝐩, one of the largest seafood producers globally, also made significant strides by merging with smaller shrimp farms in Thailand and Vietnam to increase production and enhance sustainability in its operations.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞: 𝐀 𝐇𝐮𝐛 𝐟𝐨𝐫 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬

𝐒𝐞𝐚𝐟𝐨𝐨𝐝 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐌𝐚𝐫𝐢𝐧𝐞 𝐇𝐚𝐫𝐯𝐞𝐬𝐭 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 has recently entered into a joint venture with 𝐒𝐢𝐚𝐦 𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧 𝐆𝐫𝐨𝐮𝐩 to boost its shrimp farming capabilities in Southeast Asia. This merger aims to leverage 𝐌𝐚𝐫𝐢𝐧𝐞 𝐇𝐚𝐫𝐯𝐞𝐬𝐭'𝐬 expertise in sustainable aquaculture and 𝐒𝐢𝐚𝐦 𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧'𝐬 strong distribution network across Asia and Europe, marking a significant step in increasing the global footprint of farmed shrimp.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @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

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:https://www.maximizemarketresearch.com/market-report/global-shrimps-market/93121/

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. Lerøy Seafood Group (Norway)
South America:
18. Omarsa (Ecuador)
19. Songa (Ecuador)
20. Camanor Produtos Marinhos (Brazil)
21. Camanchaca (Chile)
22. Australis Seafoods (Chile)

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 :

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♦ Industrial Gas Turbine Market https://www.maximizemarketresearch.com/market-report/industrial-gas-turbine-market/164195/

♦ Distributed Generation Market https://www.maximizemarketresearch.com/market-report/distributed-generation-market/1141/

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