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China Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The shrimp market in China reached a volume of 2.7 Million Tons in 2018. Shrimp is a marine animal that has become a staple in China. For thousands of years, the country has been practicing aquaculture and currently produces more seafood than the rest of the world combined. The consumption of shrimp has more than doubled over the past decade, catalyzed by the strong growth in the middle-class population. Moreover, shrimp imports into China have increased, whereas exports have declined, making China one of the world’s biggest importers of shrimp in recent years.

China Shrimp Market Report

A significant factor driving the consumption of shrimp in China is its rich nutrition profile and associated health benefits. It is an excellent source of antioxidants and astaxanthin that boosts the functioning of the nervous and musculoskeletal systems. It also helps in weight management, improves bone and brain health, relieves eye fatigue, lowers blood pressure, and prevents the risk of diabetes and cardiovascular diseases. Moreover, driven by strong economic growth and rising affluence, consumers in China are undergoing a ‘nutrition transition,’ whereby they are shifting from a carbohydrate-based diet to a food that consists of higher levels of proteins. Apart from this, rapid urbanization and busy lifestyles of consumers have led to a further rise in the demand for cooked and breaded shrimp as they are ready-to-eat food items that do not require extensive preparation before cooking. Furthermore, the expansion of the e-commerce industry has boosted the online sales of shrimp, which in turn has positively impacted the industry. Looking forward, IMARC Group anticipates the market to reach a consumption volume of more than 3 Million Tons by 2024, exhibiting a CAGR of 3.2% during the forecast period (2019-2024).

Breakup by Shrimp Source:

  • Farmed
  • Wild

Farmed shrimp currently dominates the market, on account of the favorable farming conditions in the country.

Breakup by Domestic Production and Imports:

  • Domestic Production
  • Imports

At present, domestic production accounts for the majority of the overall market share.

Breakup by Species:

  • Penaeus vannamei
  • Penaeus monodon
  • Macrobrachium rosenbergii
  • Others

Amongst these, Penaeus vannamei currently represents the most popular species in China.

Breakup by Product Categories:

  • Peeled
  • Shell-on
  • Cooked
  • Breaded
  • Others

Based on the product categories, peeled shrimp hold the largest share in the market.

Breakup by Distribution Channel:

  • Traditional Retail
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Hotels and Restaurants
  • Online Stores
  • Others

Presently, traditional retail exhibit a clear dominance in the market.

Competitive Landscape:

The competitive landscape of the market has also been analyzed in the report, covering the detailed profiles of the major players operative in the industry.

Key Questions Answered in This Report:

  • How has the China shrimp market performed so far and how will it perform in the coming years?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on domestic production and imports?
  • What is the breakup of the market based on the species?
  • What is the breakup of the market based on the product category?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the China shrimp market?
  • What are the key driving factors and challenges in the China shrimp market?
  • What is the structure of the China shrimp market and who are the key players?
  • What is the degree of competition in the China shrimp market?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Shrimp Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Market Breakup by Shrimp Source
    5.4    Market Forecast
6   Global Farmed Shrimp Market
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Production Breakup by Region
    6.4    Consumption Breakup by Region
    6.5    Market Breakup by Species
    6.6    Market Breakup by Shrimp Size
    6.7    Market Forecast
7   China Shrimp Industry
    7.1    China Shrimp Industry as a Part of the Seafood Industry
    7.2    Market Overview
    7.3    Market Performance
    7.4    Market Breakup by Shrimp Source
    7.5    Market Breakup by Domestic Production and Imports
    7.6    Market Breakup by Species
    7.7    Market Breakup by Product Categories
    7.8    Market Breakup by Distribution Channel
    7.9    Market Forecast
    7.10    SWOT Analysis
        7.10.1    Overview
        7.10.2    Strengths
        7.10.3    Weaknesses
        7.10.4    Opportunities
        7.10.5    Threats
    7.11    Value Chain Analysis
        7.11.1    Overview
        7.11.2    Shrimp Harvesting
        7.11.3    Commercial Fisherman
        7.11.4    Auction
        7.11.5    Peeling/Pre-processing
        7.11.6    Large Scale Industrial Processing
        7.11.7    Distribution
        7.11.8    Retail Market
        7.11.9    Institutional Market
    7.12    Porters Five Forces Analysis
        7.12.1    Overview
        7.12.2    Bargaining Power of Buyers
        7.12.3    Bargaining Power of Suppliers
        7.12.4    Degree of Competition
        7.12.5    Threat of New Entrants
        7.12.6    Threat of Substitutes
    7.13    Price Analysis
    7.14    Key Success and Risk Factors for Shrimp Industry
8   Market Breakup by Shrimp Source
    8.1    Farmed
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Wild
        8.2.1    Market Trends
        8.2.2    Market Forecast
9   Market Breakup by Domestic Production and Imports
    9.1    Domestic Production
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Imports
        9.2.1    Market Trends
        9.2.2    Market Forecast
10  Market Breakup by Species
    10.1    Penaeus Vannamei
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Penaeus Monodon
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Macrobrachium Rosenbergii
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Others
        10.4.1    Market Trends
        10.4.2    Market Forecast
11  Market Breakup by Product Categories
    11.1    Peeled
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Shell-on
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Cooked
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Breaded
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Others
        11.5.1    Market Trends
        11.5.2    Market Forecast
12  Market Breakup by Distribution Channel
    12.1    Traditional Retail
        12.1.1    Market Trends
        12.1.2    Market Forecast
    12.2    Hypermarkets and Supermarkets
        12.2.1    Market Trends
        12.2.2    Market Forecast
    12.3    Convenience Stores
        12.3.1    Market Trends
        12.3.2    Market Forecast
    12.4    Hotels and Restaurants
        12.4.1    Market Trends
        12.4.2    Market Forecast
    12.5    Online Stores
        12.5.1    Market Trends
        12.5.2    Market Forecast
    12.6    Others
        12.6.1    Market Trends
        12.6.2    Market Forecast
13  Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
 

List of Figures

Figure 1: China: Shrimp Market: Major Drivers and Challenges
Figure 2: Global: Shrimp Market: Production Volume (in Million Tons), 2011-2018 
Figure 3: Global: Shrimp Market: Production Value (in Billion US$), 2011-2018 
Figure 4: Global: Shrimp Market: Breakup by Shrimp Source (in %), 2018 
Figure 5: Global: Shrimp Market Forecast: Production Volume (in Million Tons), 2019-2024 
Figure 6: Global: Shrimp Market Forecast: Production Value (in Billion US$), 2019-2024 
Figure 7: Global: Farmed Shrimp Market: Production Volume (in Million Tons), 2011-2018
Figure 8: Global: Farmed Shrimp Market: Production Value (in Billion US$), 2011-2018
Figure 9: Global: Farmed Shrimp Market: Breakup by Producing Region (in %), 2018 
Figure 10: Global: Farmed Shrimp Market: Breakup by Consuming Region (in %), 2018
Figure 11: Global: Farmed Shrimp Market: Breakup by Species (in %), 2018 
Figure 12: Global: Farmed Shrimp Market: Breakup by Shrimp Size (in %), 2018 
Figure 13: Global: Farmed Shrimp Market Forecast: Production Volume (in Million Tons), 2019-2024 
Figure 14: Global: Farmed Shrimp Market Forecast: Production Value (in Billion US$), 2019-2024 
Figure 15: China: China Shrimp Industry as a Part of the Seafood Industry (in %), 2018 
Figure 16: China: Shrimp Market: Production Volume (in Million Tons), 2011-2018 
Figure 17: China: Shrimp Market: Consumption Volume (in Million Tons), 2011-2018 
Figure 18: China: Shrimp Market: Breakup by Shrimp Source (in %), 2018 
Figure 19: China: Shrimp Market: Breakup by Domestic Production and Imports (in %), 2018 
Figure 20: China: Shrimp Market: Breakup by Species (in %), 2018 
Figure 21: China: Shrimp Market: Breakup by Product Categories (in %), 2018 
Figure 22: China: Shrimp Market: Breakup by Distribution Channel (in %), 2018
Figure 23: China: Shrimp Market Forecast: Production Volume (in Million Tons), 2019-2024 
Figure 24: China: Shrimp Market Forecast: Consumption Volume (in Million Tons), 2019-2024
Figure 25: China: Shrimp Industry: SWOT Analysis
Figure 26: China: Shrimp Industry: Value Chain Analysis 
Figure 27: China: Shrimp Industry: Porter’s Five Forces Analysis
Figure 28: China: Shrimp Processing: Manufacturing Cost Breakup (in %) 
Figure 29: China: Shrimp Industry: Profit Margins at Various Stages of Supply Chain 
Figure 30: China: Farmed Shrimp Market: Production Volume (in ‘000 Tons), 2011 & 2018
Figure 31: China: Farmed Shrimp Market Forecast: Production Volume (in ‘000 Tons), 2019-2024 
Figure 32: China: Wild Shrimp Market: Production Volume (in ‘000 Tons), 2011 & 2018 
Figure 33: China: Wild Shrimp Market Forecast: Production Volume (in ‘000 Tons), 2019-2024 
Figure 34: China: Shrimp Market: Domestic Production Volume (in ‘000 Tons), 2011 & 2018
Figure 35: China: Shrimp Market Forecast: Domestic Production Volume (in ‘000 Tons), 2019-2024 
Figure 36: China: Shrimp Market: Import Volume (in ‘000 Tons), 2011 & 2018 
Figure 37: China: Shrimp Market Forecast: Import Volume (in ‘000 Tons), 2019-2024 
Figure 38: China: Shrimp (Penaeus Vannamei) Market: Consumption Volume (in ‘000 Tons), 2011 & 2018
Figure 39: China: Shrimp (Penaeus Vannamei) Market Forecast: Consumption Volume (in ‘000 Tons), 2019-2024 
Figure 40: China: Shrimp (Penaeus Monodon) Market: Consumption Volume (in ‘000 Tons), 2011 & 2018
Figure 41: China: Shrimp (Penaeus Monodon) Market Forecast: Consumption Volume (in ‘000 Tons), 2019-2024 
Figure 42: China: Shrimp (Macrobrachium Rosenbergii) Market: Consumption Volume (in ‘000 Tons), 2011 & 2018 
Figure 43: China: Shrimp (Macrobrachium Rosenbergii) Market Forecast: Consumption Volume (in ‘000 Tons), 2019-2024 
Figure 44: China: Shrimp (Others Species) Market: Consumption Volume (in ‘000 Tons), 2011 & 2018 
Figure 45: China: Shrimp (Other Species) Market Forecast: Consumption Volume (in ‘000 Tons), 2019-2024 
Figure 46: China: Shrimp (Peeled) Market: Consumption Volume (in ‘000 Tons), 2011 & 2018
Figure 47: China: Shrimp (Peeled) Market Forecast: Consumption Volume (in ‘000 Tons), 2019-2024 
Figure 48: China: Shrimp (Shell-on) Market: Consumption Volume (in ‘000 Tons), 2011 & 2018
Figure 49: China: Shrimp (Shell-on) Market Forecast: Consumption Volume (in ‘000 Tons), 2019-2024 
Figure 50: China: Shrimp (Cooked) Market: Consumption Volume (in ‘000 Tons), 2011 & 2018
Figure 51: China: Shrimp (Cooked) Market Forecast: Consumption Volume (in ‘000 Tons), 2019-2024 
Figure 52: China: Shrimp (Breaded) Market: Consumption Volume (in ‘000 Tons), 2011 & 2018 
Figure 53: China: Shrimp (Breaded) Market Forecast: Consumption Volume (in ‘000 Tons), 2019-2024 
Figure 54: China: Shrimp (Other Product Categories) Market: Consumption Volume (in ‘000 Tons), 2011 & 2018
Figure 55: China: Shrimp (Other Product Categories) Market Forecast: Consumption Volume (in ‘000 Tons), 2019-2024 
Figure 56: China: Shrimp Market: Sales Through Traditional Retail (in 000’ Tons), 2011 & 2018 
Figure 57: China: Shrimp Market Forecast: Sales Through Traditional Retail (in 000’ Tons), 2019-2024 
Figure 58: China: Shrimp Market: Sales through Hotels and Restaurants (in ‘000 Tons), 2011 & 2018 
Figure 59: China: Shrimp Market Forecast: Sales through Hotels and Restaurants (in ‘000 Tons), 2019-2024 
Figure 60: China: Shrimp Market: Sales through Hypermarkets/Supermarkets (in ‘000 Tons), 2011 & 2018 
Figure 61: China: Shrimp Market Forecast: Sales through Hypermarkets/Supermarkets (in ‘000 Tons), 2019-2024 
Figure 62: China: Shrimp Market: Sales through Convenience Stores (in ‘000 Tons), 2011 & 2018 
Figure 63: China: Shrimp Market Forecast: Sales through Convenience Stores (in ‘000 Tons), 2019-2024 
Figure 64: China: Shrimp Market: Sales through Online Stores (in ‘000 Tons), 2011 & 2018
Figure 65: China: Shrimp Market Forecast: Sales through Online Stores (in ‘000 Tons), 2019-2024 
Figure 66: China: Shrimp Market: Sales through Other Distribution Channel (in ‘000 Tons), 2011 & 2018 
Figure 67: China: Shrimp Market Forecast: Sales through Other Distribution Channel (in ‘000 Tons), 2019-2024


List of Tables

Table 1: Global: Shrimp Market: Key Industry Highlights, 2018 and 2024 
Table 2: Global: Farmed Shrimp Market: Key Industry Highlights, 2018 and 2024 
Table 3: China: Shrimp Market: Key Industry Highlights, 2018 and 2024 
Table 4: China: Shrimp Market Forecast: Breakup by Shrimp Source (in ‘000 Tons), 2019-2024 
Table 5: China: Shrimp Market Forecast: Breakup by Domestic Production and Imports (in ‘000 Tons), 2019-2024
Table 6: China: Shrimp Market Forecast: Breakup by Species (in ‘000 Tons), 2019-2024
Table 7: China: Shrimp Market Forecast: Breakup by Product Categories (in ‘000 Tons), 2019-2024
Table 8: China: Shrimp Market Forecast: Breakup by Distribution Channel (in ‘000 Tons), 2019-2024 
Table 9: China: Shrimp Industry Market Structure
Table 10: China: Shrimp Industry: Key Players

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