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Prawn Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global prawn market reached a volume of 7.85 Million Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Prawns are crustaceans found naturally in calmer waters, wherein they lay eggs amidst water plants. They represent one of the popular seafood products, which are widely utilized in the preparation of soups, salads, sushi, curries, and pasta. Their consumption has been linked with preventing cancer, sustaining heart health, fighting Alzheimer’s disease, and building strong bones and muscles. As they are rich sources of selenium and antioxidants, prawns assist in enhancing the skin’s texture, regulating active white blood cells, and increasing muscle metabolism. Additionally, they help in improving the immune system. Some of the popularly consumed prawn varieties are tiger, brown, cocktail, langoustine, jumbo tiger, wild carabineros, wild Argentinian, and gambero rosso prawns.

Prawn Market Trends:

Prawns play a pivotal role in the preparation of various cuisines and are one of the leading traded seafood species. Moreover, due to the growing prevalence of lifestyle diseases, there is a rise in the adoption of a protein-rich diet worldwide. This, in confluence with the increasing health consciousness among individuals, is strengthening the growth of the market. Apart from this, the growing focus of individuals as well as governing authorities of numerous countries towards sustainable development has resulted in the rising adoption of organic farming practices. This has resulted in the escalating demand for organic prawns around the world, thereby bolstering the market growth. Furthermore, leading players operating in the industry are offering frozen, ready-to-eat (RTE) and value-added product variants to retain a competitive edge in the market. These variants have a longer shelf life and offer the convenience of preparation to end users. Besides this, the burgeoning e-commerce sector, growing penetration of the internet and boosting sales of smart devices are positively influencing the sales of prawns via online distribution channels, which is impelling the market growth. Some of the other factors like the increasing willingness among individuals to try international cuisines; the vast presence of varied and abundant marine and inland resources; and improving cold storage facilities, especially in emerging economies, are projected to fuel the growth of the market.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

Key Questions Answered in This Report:

  • How has the global prawn market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global prawn industry?
  • What has been the impact of COVID-19 on the global prawn industry?
  • What are the major species in the global prawn industry?
  • What are the major types of processed prawns in the global prawn industry?
  • What are the price trends of prawn?
  • What are the various stages in the value chain of the global prawn industry?
  • What are the key driving factors and challenges in the global prawn industry?
  • What is the structure of the global prawn industry and who are the key players?
  • What is the degree of competition in the global prawn industry?
  • What are the profit margins in the global prawn industry?
  • What are the key requirements for setting up a prawn processing plant?
  • How are prawns processed?
  • What are the various unit operations involved in a prawn processing plant?
  • What is the total size of land required for setting up a prawn processing plant?
  • What are the machinery requirements for setting up a prawn processing plant?
  • What are the raw material requirements for setting up a prawn processing plant?
  • What are the packaging requirements for prawns?
  • What are the transportation requirements for prawns?
  • What are the utility requirements for setting up a prawn processing plant?
  • What are the manpower requirements for setting up a prawn processing plant?
  • What are the infrastructure costs for setting up a prawn processing plant?
  • What are the capital costs for setting up a prawn processing plant?
  • What are the operating costs for setting up a prawn processing plant?
  • What will be the income and expenditures for a prawn processing plant?
  • What is the time required to break-even?

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 Prawn Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Impact of COVID-19
    5.4    Price Trends
        5.4.1    Key Price Indicators   
        5.4.2    Price Structure
        5.4.3    Price Trends
    5.5    Market Breakup by Region
        5.5.1    Major Prawn Producing Regions
        5.5.2    Major Prawn Consuming Regions
    5.6    Market Breakup by Species
    5.7    Market Breakup by Prawn Size
    5.8    Global Imports and Exports
    5.9    Value-Addition
    5.10    Processed Prawn Imports: Breakup by Type
    5.11    Market Forecast
6   Global Prawn Industry: SWOT Analysis
    6.1    Overview
    6.2    Strengths
    6.3    Weaknesses
    6.4    Opportunities
    6.5    Threats
7   Global Prawn Industry: Value Chain Analysis
    7.1    Broodstock and Hatchery
    7.2    Prawn Harvesting
    7.3    Auction
    7.4    Peeling/Pre-processing
    7.5    Large Scale Industrial Processing
    7.6    Domestic Market 
    7.7    Exports   
8   Global Prawn Industry: Porter’s Five Forces Analysis
    8.1   Overview
    8.2   Bargaining Power of Buyers
    8.3   Bargaining Power of Suppliers
    8.4   Degree of Rivalry
    8.5   Threat of New Entrants
    8.6   Threat of Substitutes
9   Global Prawn Industry: Key Success Factors
10  Competitive Landscape

    10.1    Market Structure
    10.2    Profiles of Key Players
11  Prawn Processing
    11.1    Product Overview
    11.2    Detailed Process Flow
    11.3    Various Types of Unit Operations Involved
    11.4    Mass Balance and Raw Material Requirements
12  Project Details, Requirements and Costs Involved
    12.1    Land Requirements and Expenditures
    12.2    Construction Requirements and Expenditures
    12.3    Plant Machinery
    12.4    Machinery Pictures
    12.5    Raw Materials Requirements and Expenditures
    12.6    Raw Material and Final Product Pictures
    12.7    Packaging Requirements and Expenditures
    12.8    Transportation Requirements and Expenditures
    12.9    Utilities Requirements and Expenditures
    12.10    Manpower Requirements and Expenditures
    12.11    Other Capital Investments
13  Loans and Financial Assistance
14  Project Economics

    14.1    Capital Cost of the Project
    14.2    Techno-Economic Parameters
    14.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    14.4    Taxation and Depreciation
    14.5    Income Projections
    14.6    Expenditure Projections
    14.7    Financial Analysis
    14.8    Profit Analysis

List of Figures

Figure 1: Global: Prawn Industry: Major Drivers and Challenges
Figure 2: Global: Prawn Market: Production Volume (in Million Tons), 2015-2020
Figure 3: Global: Prawn Market: Production Value (in Million US$), 2015-2020
Figure 4: Global: Prawn Market: Average Price Trends (in US$/Kg), 2015-2020
Figure 5: Global: Prawn Market: Breakup by Region (in %), 2020
Figure 6: Global: Prawn Market Forecast: Breakup by Region (in %), 2026
Figure 7: Global: Prawn Market: Production Breakup by Species (in %), 2020
Figure 8: Global: Prawn Market: Production Breakup by Prawn Size (in %) 2020
Figure 9: Global: Prawn Export Market: Breakup by Country (in %), 2020
Figure 10: Global: Prawn Market: Breakup by Value-added Products (in %), 2020
Figure 11: Global: Prawn Imports Market: Breakup by Processed Prawn Type (in %), 2020
Figure 12: Global: Prawn Market Forecast: Production Volume (in Million Tons), 2021-2026
Figure 13: Global: Prawn Market Forecast: Production Value (in Million US$), 2021-2026
Figure 14: Global: Prawn Industry: SWOT Analysis
Figure 15: Global: Prawn Industry: Value Chain Analysis
Figure 16: Global: Prawn Industry: Porter’s Five Forces Analysis
Figure 17: Prawn Processing: Detailed Process Flow
Figure 18: Prawn Processing: Conversion Rate of Feedstocks
Figure 19: Prawn Processing Plant: Cooked Prawn Packaging
Figure 20: Prawn Processing Plant: Prawn-Meal Packaging
Figure 21: Prawn Processing Process:  Breakup of Capital Costs (in %)
Figure 22: Prawn Industry: Profit Margins at Various Stages of Supply Chain
Figure 23: Prawn Processing: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Prawn Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Prawn Market Forecast: Breakup by Region, 2020 and 2026
Table 3: Global: Prawn Farming 
Table 4: Prawn Processing Plant: Costs Related to Land and Site Development (in US$)
Table 5: Prawn Processing Plant: Costs Related to Civil Works (in US$)
Table 6: Prawn Processing Plant: Costs Related to Machinery (in US$)
Table 7: Prawn Processing Plant: Raw Material Requirements
Table 8: Prawn Processing Plant: Costs Related to Salaries and Wages (in US$)
Table 9: Prawn Processing Plant: Costs Related to Other Capital Investments (in US$)
Table 10: Details of Financial Assistance Offered by Financial Institutions
Table 11: Prawn Processing Plant: Capital Costs (in US$)
Table 12: Prawn Processing Plant: Techno-Economic Parameters
Table 13: Prawn Processing Plant: Taxation and Depreciation
Table 14: Prawn Processing Plant: Income Projections (in US$)
Table 15: Prawn Processing Plant: Expenditure Projections (in US$)
Table 16: Prawn Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 17: Prawn Processing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 18: Prawn Processing Plant: Profit and Loss Account

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