Shrimp Market Size to Hit USD 105.4 Billion During Forecast 2025-2033 | Growing at 3.9% of CAGR

According to the latest report by IMARC Group, titled "𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭 (𝐅𝐚𝐫𝐦𝐞𝐝 𝐒𝐡𝐫𝐢𝐦𝐩, 𝐖𝐢𝐥𝐝 𝐒𝐡𝐫𝐢𝐦𝐩), 𝐒𝐩𝐞𝐜𝐢𝐞𝐬 (𝐏𝐞𝐧𝐚𝐞𝐮𝐬 𝐕𝐚𝐧𝐧𝐚𝐦𝐞𝐢, 𝐏𝐞𝐧𝐚𝐞𝐮𝐬 𝐌𝐨𝐧𝐨𝐝𝐨𝐧, 𝐌𝐚𝐜𝐫𝐨𝐛𝐫𝐚𝐜𝐡𝐢𝐮𝐦 𝐑𝐨𝐬𝐞𝐧𝐛𝐞𝐫𝐠𝐢𝐢, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐒𝐡𝐫𝐢𝐦𝐩 𝐒𝐢𝐳𝐞 (𝟕𝟎), 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 (𝐇𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐚𝐧𝐝 𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬, 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞 𝐒𝐭𝐨𝐫𝐞𝐬, 𝐇𝐨𝐭𝐞𝐥𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭𝐬, 𝐎𝐧𝐥𝐢𝐧𝐞 𝐒𝐚𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟓-𝟐𝟎𝟑𝟑", offers a comprehensive analysis of the global hard seltzer market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

𝐇𝐨𝐰 𝐁𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭?

The global shrimp market size reached 𝐔𝐒𝐃 𝟕𝟏.𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in 2024. Looking forward, IMARC Group expects the market to reach 𝐔𝐒𝐃 𝟏𝟎𝟓.𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 by 2033, exhibiting a growth rate (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟑.𝟗% during 2025-2033.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/prefeasibility-report-shrimp-processing-plant/requestsample

𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐞𝐚𝐟𝐨𝐨𝐝:

The world shrimp market is growing rapidly under the pressure of the total growth of the global seafood market. The increasing trend of adopting seafood as a source of healthy protein has considerably increased the acceptability of shrimp. Its relative bland taste and high protein content makes it an ingredient in many different cuisines across the globe. This Consumer pull combined with the growth in popularity of seafood-centric types of diets like the Mediterranean diet, is likely to sustain the continued growth of the market in the years to come.

𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐀𝐪𝐮𝐚𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧:

Shrimp farming has taken the lead role in the production of shrimps and thus determines the global supply of shrimps in the market. The advent of innovation and technology into fish farming practices such as the development of better feed supplements, disease management and prevention, and environmental friendly farming practices have contributed increased production volumes and quality of shrimp. The increasing production levels have been effective in meeting the global appetite for shrimps and to some level alleviating the challenge associated with depletion of wild shrimp stocks.

𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬 𝐚𝐧𝐝 𝐇𝐞𝐚𝐥𝐭𝐡 𝐂𝐨𝐧𝐬𝐜𝐢𝐨𝐮𝐬𝐧𝐞𝐬𝐬:

Preferences of consumers are changing very fast, and this has forced innovation and diversification in the shrimp market. There is a trend among consumers for shrimp that is high quality, sustainably caught, and also traceable. This has caused an increase in the demand for sustainably certified shrimp including ASC, that is, shrimp that is sustainably farmed with little impact on the environment and the society.

In addition, value added shrimp products like cooked, peeled and deveined shrimp are gaining good acceptance among health-conscious consumers as they save time in preparing these shrimp dishes at home.

𝐁𝐲 𝐭𝐡𝐞 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩, 𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐆𝐢𝐯𝐞𝐧 𝐁𝐞𝐥𝐨𝐰:

The Shrimp Market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Apex Frozen Foods Ltd.
• Aqua Star (Admiralty Island Fisheries Inc.)
• Charoen Pokphand Foods PCL
• Grand Ocean Seafoods Co. Ltd.
• Grupo Ibérica Congelados S.A.
• Liveris Afentoulis & Co.
• Mazzetta Company LLC
• Nordic Seafood A/S (Nippon Suisan Kaisha Ltd.)
• Ocean More Foods Co. Ltd.
• Pacific Seafood
• Seaprimexco Vietnam
• Thai Union Group PCL.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐎𝐮𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬 𝐟𝐨𝐫 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭𝐬, 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐈𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.imarcgroup.com/request?type=report&id=628&flag=C

𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

There are important trends that characterize the global shrimp market and will shape its future. For instance, one of the trends comes to focus on sustainability and traceability throughout the processes and supply chain. As part of this, consumers are looking for greater transparency on the source, production and environmental aspects of the shrimps they consume, which has resulted in greater enforcement towards sustainable aquaculture and certification requirements of responsible and eco-friendly farming of shrimp.

Moreover, the trend is that more value-added products are needed and then more importantly ease of use. So, the customer now wants simpler options which can save their time for instance, shrink during the ready-to-eat or polish, shelled, and deveined shrimp. Because of this, there has been considerable improvement in new product development, whereby manufacturers have come up with several added value shrimp oriented products which meet various consumers' needs and tastes.

𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭:

• Farmed Shrimp
• Wild Shrimp

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐩𝐞𝐜𝐢𝐞𝐬:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐡𝐫𝐢𝐦𝐩 𝐒𝐢𝐳𝐞:

• 70

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐜𝐚𝐧 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐒:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.