Shrimps Market Surges to USD 77.29 Billion by 2030 with 8.2 Percentage CAGR Growth

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 shrimps market has witnessed significant growth in recent years, driven by rising consumer demand for high-quality seafood. Shrimps are a rich source of protein, vitamins, and minerals, making them a popular choice among health-conscious consumers. Their versatility in cuisines worldwide has boosted their popularity in households and the foodservice industry. Advances in aquaculture technologies and improvements in shrimp farming practices have enhanced production efficiency, ensuring a stable supply to meet global demand. The market also benefits from expanding international trade and improved cold chain logistics, allowing suppliers to cater to diverse regions. Moreover, increasing disposable income in emerging economies and a growing preference for ready-to-cook and processed seafood products have further supported market expansion. However, challenges such as disease outbreaks in shrimp farming and concerns over sustainability and environmental impacts remain critical for stakeholders to address. Regulatory initiatives promoting sustainable practices and certifications are gradually improving the market's outlook, ensuring responsible growth for the sector.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/93121/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐡𝐫𝐢𝐦𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

Key drivers in the shrimps market include the increasing consumer focus on healthy eating and the growing demand for protein-rich diets. Shrimps are recognized for their nutritional benefits, including low-fat content and high levels of omega-3 fatty acids, making them a preferred choice among health-conscious individuals. The surge in popularity of seafood in global cuisines, coupled with the growth of sushi and fine dining culture, has significantly contributed to the market's expansion. Innovations in aquaculture, such as biofloc technology and recirculating aquaculture systems, have improved shrimp farming yields, reducing dependency on wild-caught shrimp. Government support and incentives for sustainable aquaculture practices have also encouraged industry players to expand production. Furthermore, the increasing penetration of e-commerce and online food delivery platforms has facilitated the easy availability of shrimp products, boosting sales in both developed and emerging markets. Strategic marketing campaigns highlighting the health and sustainability aspects of shrimps are also instrumental in driving market growth.

𝐒𝐡𝐫𝐢𝐦𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the shrimps market include a strong focus on sustainability and eco-friendly production practices. Consumers are increasingly inclined to purchase products that are certified for their environmental responsibility, such as those bearing labels like MSC (Marine Stewardship Council) or ASC (Aquaculture Stewardship Council). The shift toward organic and antibiotic-free shrimp products is also gaining momentum, driven by health-conscious consumers and stringent food safety regulations. Technological advancements, such as blockchain in supply chain management, are enhancing transparency and traceability, which are critical in building consumer trust. Additionally, the growing demand for convenience foods has fueled the development of ready-to-cook and value-added shrimp products, catering to the busy lifestyles of modern consumers. Plant-based alternatives to shrimp are also emerging as a niche trend, offering options for vegan and environmentally conscious consumers. Overall, the integration of technology, sustainability efforts, and innovation in product offerings continues to reshape the dynamics of the global shrimps market.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/inquiry-before-buying/93121/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐡𝐫𝐢𝐦𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam has emerged as a leading exporter in the global shrimps market, thanks to its robust aquaculture practices and government-backed initiatives promoting sustainable farming. Recent investments by Minh Phu Seafood Corporation have bolstered production capacity, while the Vietnam-EU Free Trade Agreement (EVFTA) has opened doors to lucrative European markets. The country's shrimp exports grew by 15% in 2024, indicating promising opportunities for local players.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝'𝐬 𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭

Thailand remains a significant player in the shrimps market due to its advanced farming technologies and adherence to international quality standards. The government's efforts to combat disease outbreaks, such as the use of biofloc systems, have increased productivity. Charoen Pokphand Foods has led the way with innovations in shrimp feed, driving market growth. Thailand's exports to the US and Japan saw a 10% rise in 2024, emphasizing its global competitiveness.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧'𝐬 𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭

Japan's shrimps market thrives on high consumer demand for premium-quality seafood. Imports surged by 8% in 2024, driven by growing sushi consumption. Major importers like Maruha Nichiro Corporation have expanded partnerships with Vietnamese and Thai suppliers to secure steady supply chains. Japan's inclination towards sustainably sourced shrimps offers significant opportunities for exporters.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚'𝐬 𝐒𝐡𝐫𝐢𝐦𝐩 𝐓𝐫𝐞𝐧𝐝𝐬

The South Korean market is witnessing a rising demand for frozen and processed shrimp products, driven by the growing popularity of home-cooked meals. Companies such as Dongwon Industries have focused on diversifying product offerings to meet this demand. In 2024, the country's shrimp imports increased by 12%, with Vietnam and Thailand as key suppliers.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞: 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐡𝐫𝐢𝐦𝐩 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Singapore's shrimps market is characterized by consolidation, with large players like Qian Hu Corporation driving mergers and acquisitions to strengthen market presence. The nation's strategic position as a seafood trade hub has attracted investments in cold chain logistics, ensuring the freshness of imported shrimps. Singapore recorded a 9% growth in shrimp imports in 2024, reflecting its expanding demand.

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒 𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭

The US remains one of the largest consumers of shrimps globally, with imports valued at USD 8.5 billion in 2024. Companies like SeaPak Shrimp & Seafood Co. and Pacific Seafood have embraced sustainability certifications to cater to eco-conscious consumers. Recent trade agreements with Asian countries have streamlined imports, reducing costs and boosting availability.

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

Europe's shrimps market is driven by rising demand for ready-to-eat products and increasing awareness about sustainable seafood. Key players such as Royal Greenland have expanded their product portfolios to include organic shrimp options. The EU's stringent quality standards have prompted suppliers to adopt innovative farming practices. Germany and Spain led shrimp imports in 2024, showcasing strong market potential.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: 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. Lerøy Seafood Group (Norway)
South America:
18. Omarsa (Ecuador)
19. Songa (Ecuador)
20. Camanor Produtos Marinhos (Brazil)
21. Camanchaca (Chile)
22. Australis Seafoods (Chile)

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/market-report/global-shrimps-market/93121/

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞: 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐟𝐨𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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