Press release
Shrimp Market Outlook to 2031 - A Human-Centered Perspective on Global Growth
Shrimp Market
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Major key players covered in this Market report:
Blue Star Seafood Co. Ltd.
Charoen Pokphand Foods PCL.
DNI Group LLC
High Liner Foods.
Nippon Suisan Kaisha, Ltd.
Ocean America Food SA
Rich Products Corporation
Royal Greenland A/S
Siam Canadian Group Limited
Humanizing the Market Story
Shrimp is more than just a seafood staple-it's a cultural connector. From family dinners in coastal towns to gourmet dishes in urban restaurants, shrimp embodies tradition, innovation, and shared experiences. Consumers are increasingly drawn to responsibly sourced shrimp, reflecting a desire for healthier diets and ethical consumption. This shift is not only reshaping menus but also redefining how industries-from hospitality to biotechnology-integrate shrimp into their offerings.
Key Highlights (Market Size, Share, Trends, Analysis, Forecast by 2031)
Market Size & Share: Shrimp continues to gain prominence across food, pharmaceutical, and cosmetic industries, with cold-water and hot-water varieties catering to diverse consumer needs.
Trends: Sustainable aquaculture, premium species demand, and digital retail expansion are driving growth.
Analysis: Frozen and canned formats dominate retail shelves, while peeled and cooked shrimp are increasingly favored in hospitality and convenience channels.
Forecast: By 2031, shrimp will remain a preferred protein source globally, supported by innovations in farming, logistics, and distribution.
Global and Regional Insights
North America: Rising demand for high-protein diets and convenience foods fuels shrimp consumption, particularly in supermarkets and online sales.
Europe: Sustainability and traceability are key drivers, with premium species such as Royal Red and Giant Tiger shrimps gaining traction.
Asia Pacific: As the largest consumer base, Asia Pacific leads in farmed shrimp production, with strong demand across foodservice and retail.
South & Central America: Traditional shrimp species and growing export opportunities strengthen regional market presence.
Updated Market News
Recent developments highlight the integration of AI-driven aquaculture systems and recirculating aquaculture systems (RAS), enabling sustainable farming practices and improved yield quality. Leading companies are investing in eco-friendly packaging and expanding online distribution channels to meet consumer demand. Europe has emerged as one of the fastest-growing regions, driven by heightened awareness of sustainable seafood and premium product offerings
Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Sr. Vice President - Research
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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