Shrimp Market Likely To Boost Future Growth | Excel Seafood, Avanti Feeds, Royal Greenland

According to HTF Market Intelligence, the Global Shrimp market is expected to grow from USD 20 Billion in 2023 to USD 35 Billion by 2032, with a CAGR of 8.50% from 2024 to 2032.

HTF MI recently introduced Global Shrimp Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Thai Union Group, Marine Harvest, Charoen Pokphand Foods, AquaBounty Technologies, The Shrimp Company, Seacore Seafood Inc, Far Eastern New Century Corporation, Avanti Feeds, Excel Seafood, Clearwater Seafoods, Cooke Aquaculture, Sterling Seafoods ,Lee Kum Kee, Pacific Seafood, Royal Greenland, Labeyrie Fine Foods.

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The Shrimp market is segmented by Types (Farmed shrimp, wild-caught shrimp, frozen shrimp, fresh shrimp, shrimp paste), Application (Seafood industry, export markets, restaurants, retail, frozen foods) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).

Definition:
Shrimp are small, marine or freshwater crustaceans that belong to the order Decapoda, which also includes lobsters and crabs. Shrimp are widely consumed by humans as a delicacy and are often featured in various culinary dishes around the world. They are characterized by a slender, segmented body with a shell and long antennae, and they come in various sizes and species. Some of the most common types of shrimp include white shrimp, brown shrimp, and tiger shrimp. They are found in both tropical and temperate waters, often in coastal regions, and play an important ecological role as both predators and prey in aquatic food chains. Shrimp are rich in protein, low in fat, and contain essential nutrients such as omega-3 fatty acids, vitamins (especially B12), and minerals like iodine and selenium. Shrimp farming and wild-caught shrimp are important sectors of the global seafood industry, though concerns about environmental sustainability and ethical practices in shrimp farming have led to the development of more eco-friendly and responsibly sourced options. Shrimp are versatile in cooking and can be boiled, grilled, sautéed, or fried, making them a popular choice for a wide variety of dishes such as shrimp cocktails, stir-fries, and seafood pastas.

Dominating Region:
• Asia-Pacific

Fastest-Growing Region:
• Latin America, North America

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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Shrimp market segments by Types: Farmed shrimp, wild-caught shrimp, frozen shrimp, fresh shrimp, shrimp paste
Detailed analysis of Shrimp market segments by Applications: Seafood industry, export markets, restaurants, retail, frozen foods

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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Shrimp Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

Points Covered in Table of Content of Global Shrimp Market:
Chapter 01 - Shrimp Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Shrimp Market - Pricing Analysis
Chapter 05 - Global Shrimp Market Background or History
Chapter 06 - Global Shrimp Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Shrimp Market
Chapter 08 - Global Shrimp Market Structure & worth Analysis
Chapter 09 - Global Shrimp Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Shrimp Market Research Methodology

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.

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