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Shrimps Market Trends Thriving at an 8.2 percentage CAGR Through 2030

Shrimps Market

Shrimps Market

The ๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ 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.

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The global shrimps market has witnessed remarkable growth due to its status as a versatile and highly sought-after seafood item. Shrimps are an integral part of many global cuisines, appreciated for their delicate flavor, tender texture, and high nutritional value. Countries such as the United States, Japan, and China represent significant markets driven by evolving dietary preferences and an increasing focus on healthy food choices. The widespread use of shrimps in various dishes, including stir-fries, cocktails, and grilled preparations, further boosts their demand. Aquaculture dominates the shrimp supply chain, with countries like India, Vietnam, and Ecuador emerging as major exporters, leveraging advancements in farming techniques to meet global consumption needs.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ :https://www.maximizemarketresearch.com/request-sample/93121/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The growing demand for seafood as a healthy protein source is a primary driver of the shrimps market. Shrimps are recognized for their low-calorie and nutrient-rich profile, which includes omega-3 fatty acids, vitamins, and minerals. This appeal resonates with health-conscious consumers, particularly in developed regions where aging populations and dietary awareness drive seafood consumption. Additionally, the global rise in disposable incomes, especially in emerging economies, has increased access to premium food items, including shrimps, contributing to sustained market expansion.

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The increasing demand for sustainably sourced shrimp products has emerged as a prominent trend in the market. Consumers and retailers alike are prioritizing certifications such as Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP), which ensure environmental and social responsibility. This shift has encouraged producers to adopt eco-friendly practices, such as organic farming and resource-efficient technologies. Additionally, the growing preference for value-added shrimp products, including breaded and pre-cooked options, caters to busy lifestyles and convenience-oriented consumers.

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

Expanding consumer bases in emerging markets present significant opportunities for the global shrimps market. Countries in Asia-Pacific, such as India, Vietnam, and Thailand, are witnessing increasing demand for shrimp due to rising urbanization, disposable incomes, and shifting dietary patterns favoring seafood. Exporters targeting these regions can capitalize on their growing middle-class populations by offering high-quality, affordable shrimp products tailored to local tastes and preferences.

๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/93121/

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam has emerged as a key player in the global shrimp industry due to its ๐ญ๐ก๐ซ๐ข๐ฏ๐ข๐ง๐  ๐š๐ช๐ฎ๐š๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐ฌ๐ž๐œ๐ญ๐จ๐ซ and favorable government policies. Recent mergers, such as the collaboration between ๐Œ๐ข๐ง๐ก ๐๐ก๐ฎ ๐’๐ž๐š๐Ÿ๐จ๐จ๐ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง and international investors, have bolstered Vietnam's position as a leading shrimp exporter. The country has recorded a significant increase in shrimp exports, with a growth rate of 8% ๐š๐ง๐ง๐ฎ๐š๐ฅ๐ฅ๐ฒ. Efforts to expand sustainable shrimp farming practices are expected to drive further growth.

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand is leveraging its ๐š๐๐ฏ๐š๐ง๐œ๐ž๐ ๐ฌ๐ก๐ซ๐ข๐ฆ๐ฉ ๐Ÿ๐š๐ซ๐ฆ๐ข๐ง๐  ๐ญ๐ž๐œ๐ก๐ง๐ข๐ช๐ฎ๐ž๐ฌ to capitalize on the growing global demand for high-quality seafood. The recent merger of C๐“๐ก๐š๐ข ๐”๐ง๐ข๐จ๐ง ๐†๐ซ๐จ๐ฎ๐ฉ with local shrimp processing companies has expanded the market's production capacity. With exports growing by 5.7% ๐š๐ง๐ง๐ฎ๐š๐ฅ๐ฅ๐ฒ, Thailand is expected to see significant opportunities in the US and European markets, where demand for ethically sourced shrimps continues to rise.

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

In Japan, the shrimps market is shaped by increasing demand for ๐ฉ๐ซ๐จ๐œ๐ž๐ฌ๐ฌ๐ž๐ ๐š๐ง๐ ๐ซ๐ž๐š๐๐ฒ-๐ญ๐จ-๐œ๐จ๐จ๐ค ๐ฌ๐ž๐š๐Ÿ๐จ๐จ๐ ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ. Recent partnerships between ๐Œ๐š๐ซ๐ฎ๐ก๐š ๐๐ข๐œ๐ก๐ข๐ซ๐จ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง and international suppliers have strengthened supply chains. The country's focus on premium shrimp varieties, such as black tiger shrimp, has created a niche market. Japan's shrimps market is anticipated to grow at a CAGR of 4.3%, driven by the popularity of seafood in traditional Japanese cuisine.

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's shrimp industry has seen significant consolidation, with leading companies like ๐ƒ๐จ๐ง๐ ๐ฐ๐จ๐ง ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ acquiring smaller players to enhance production efficiency. The market benefits from strong domestic demand and increased exports to neighboring countries. Government initiatives promoting sustainable aquaculture practices are further supporting industry consolidation, positioning South Korea as a competitive player in the global market.

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's shrimps market has undergone modernization, with the adoption of ๐ฏ๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐š๐ช๐ฎ๐š๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ and advanced technology to optimize production. Companies like ๐๐ข๐š๐ง ๐‡๐ฎ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง are investing in research and development to improve shrimp yield and quality. Singapore's strategic location and advanced logistics infrastructure make it a hub for shrimp exports to Asia-Pacific markets.

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The US continues to be a major importer of shrimp, driven by high consumer demand for sustainable and traceable seafood. Mergers like that of ๐๐š๐œ๐ข๐Ÿ๐ข๐œ ๐’๐ž๐š๐Ÿ๐จ๐จ๐ ๐†๐ซ๐จ๐ฎ๐ฉ with local aquaculture firms have expanded the availability of organic and sustainably farmed shrimp. The US shrimps market is projected to grow at a ๐‚๐€๐†๐‘ ๐จ๐Ÿ 5.8%, with increased focus on premium shrimp products in retail and foodservice sectors.

๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's shrimps market is witnessing growth due to rising consumer awareness about sustainable seafood and eco-certification. Countries like Spain, the Netherlands, and the UK are major importers. Collaborations, such as the partnership between ๐‘๐จ๐ฒ๐š๐ฅ ๐†๐ซ๐ž๐ž๐ง๐ฅ๐š๐ง๐ and shrimp processors in Iceland, have enhanced supply chain efficiency. Europe is expected to see a CAGR of 6.1%, supported by stringent quality standards and demand for high-value shrimp products.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ฎ๐ฅ๐ฅ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/93121/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-shrimps-market/93121/

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐’๐ก๐ซ๐ข๐ฆ๐ฉ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :

โ™ฆ Global Silicon Carbide Fiber Market https://www.maximizemarketresearch.com/market-report/global-silicon-carbide-fiber-market/44732/

โ™ฆ Flexible AC Transmission System Market https://www.maximizemarketresearch.com/market-report/global-flexible-ac-transmission-system-market/29235/

โ™ฆ Peristaltic Pumps Market https://www.maximizemarketresearch.com/market-report/peristaltic-pumps-market/165055/

โ™ฆ Hydraulic Cylinder Market https://www.maximizemarketresearch.com/market-report/global-hydraulic-cylinder-market/3211/

โ™ฆ Business Travel Market https://www.maximizemarketresearch.com/market-report/business-travel-market/190551/

โ™ฆ Supercapacitor Market https://www.maximizemarketresearch.com/market-report/global-supercapacitor-market/57898/

โ™ฆ Global Cumene Market https://www.maximizemarketresearch.com/market-report/cumene-market/13867/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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Prominent Frozen Shrimp Market Trend for 2025: Innovation in the Frozen Shrimp M โ€ฆ
What Are the Projected Growth and Market Size Trends for the Frozen Shrimp Market? The size of the frozen shrimp market has seen substantial growth over the past few years. The market is set to expand from $24 billion in 2024 to $26.23 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.3%. This growth previously observed was due to various factors, such as the growing customer demand forโ€ฆ
Shrimp Products Market Size 2024 to 2031.
Market Overview and Report Coverage The Shrimp Products Market encompasses various products derived from shrimp such as whole shrimp, shrimp meat, and shrimp sauces. With the increasing demand for seafood products globally, the market for shrimp products has been steadily growing. Factors driving this growth include the rising consumer awareness about the health benefits of shrimp, the growth of the aquaculture industry, and the increasing popularity of seafood in theโ€ฆ
Global Shrimp Market Research Report 2023-2029
Aquaculture is the fastest growing form of food production in the world. โ€ขShrimp dominate aquaculture production by value, consequently shrimp aquaculture is one of the fastest-growing forms of aquaculture. Shrimp report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Shrimp market is projected to reach US$ 74840 million in 2029, increasing from US$ 53690 million in 2022, with the CAGR of 4.8% duringโ€ฆ
Shrimp Disease Diagnostics Market: Safeguarding Aquaculture Health and Maximizin โ€ฆ
The Shrimp Disease Diagnostics Market generated around US$ 448.0 Million in revenue globally in 2022, and it is anticipated that this market will grow at a CAGR of 5.6% to reach an estimated value of US$ 821.0 Million by the end of 2033. The shrimp disease diagnostics market has been analysed across the regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA and Emerging Countries such asโ€ฆ
Fish Fish Feed Fish Feed Additive Shrimp Shrimp Feed Shrimp Feed Additive Market โ€ฆ
Global Fish, Fish Feed, Fish Feed Additive, Shrimp, Shrimp Feed, Shrimp Feed Additive Market Research Report provides a key analysis of the market status of the Fish, Fish Feed, Fish Feed Additive, Shrimp, Shrimp Feed, Shrimp Feed Additive with the best facts and figures, meaning, definition, SWOT analysis, expert opinions, and the latest developments across the globe. The report also calculates the market size, Sales, Price, Revenue, Gross Margin, Marketโ€ฆ
Fish, Fish Feed, Fish Feed Additives, Shrimp, Shrimp Feed, Shrimp Feed Additives โ€ฆ
Market Overview: Feeding these aquatic animals food is referred to as feeding fish and shrimp. To increase the end product quality of fish or shrimp, to preserve the physical and chemical quality of their diet, or to preserve the quality of the aquatic environment, additives are nutritional elements that are supplemented in small amounts. The producers of compound feed, integrators, farmers, home-mixers, animals, and participants in the aquaculture business are the finalโ€ฆ