Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A628
Buy Now

Market Outlook 2023-2028:

The global shrimp market size reached US$ 65.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 87.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

A shrimp is a semi-transparent, elongated invertebrate aquatic animal that belongs to the largest class of crustaceans. It is a good source of vitamin B3 and D, calcium, protein, omega-3 fatty acids, selenium, and iodine, which assists in reducing inflammation, managing weight, and maintaining a healthy and lean body mass. It also aids in increasing bone strength and protecting against cardiovascular diseases. Besides this, it helps in lowering blood pressure, improving skin elasticity, mitigating the chances of skin cancer, and relieving eye fatigue. As a result, shrimp is increasingly being used in fresh and frozen forms to prepare appetizers, salads, soups, and curry dishes.

 

 
 

www.imarcgroup.com

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Shrimp Market Trends:

The increasing prevalence of obesity, eye problems, skin cancer, and cardiovascular diseases are catalyzing the demand for shrimp across the globe. In addition, the rising health awareness among individuals is increasing the consumption of shrimp and positively influencing the market. Apart from this, inflating disposable income levels and the rising expenditure capacity of the masses are contributing to market growth. This, in confluence with the growing utilization of shrimps in the food and beverage (F&B) industry, is creating a positive outlook for the market. Besides this, the rising use of shrimp shells in manufacturing cosmetics and personal care products, including creams and shampoos, is offering a favorable market outlook. It exhibits anti-aging and antimicrobial properties and aids in reducing hair loss, protecting skin from ultraviolet (UV) rays, and improving skin texture. Additionally, governments of numerous countries are promoting a sustainable aquaculture approach for fuel shrimp production while mitigating the negative impact on ocean wildlife. This is bolstering the growth of the market. Moreover, the rising focus of key market players on strategic collaborations to introduce innovative product variants in different packaging solutions across online and offline distribution channels is expected to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global shrimp market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on species, size, and distribution channel.

Breakup by Species:

 

 
 

www.imarcgroup.com

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Penaeus vannamei
  • Penaeus monodon
  • Macrobrachium rosenbergii
  • Others


Penaeus Vannamei is currently one of the most popular species as it is farmed across various countries and offers numerous health benefits.

Breakup by Size:

  • <21
  • 21-25 
  • 26-30
  • 31-40
  • 41-50 
  • 51-60
  • 61-70
  • >70


Based on the size, the market has been segmented into <21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70 and >70.

Breakup by Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Hotels and Restaurants
  • Online Sales
  • Others


On the basis of the distribution channel, the market has been segregated into hypermarkets and supermarkets, convenience stores, hotels and restaurants, online sales, and others.

Regional Insights:

Major Producing Regions:

  • China
  • India
  • Indonesia
  • Vietnam
  • Thailand
  • Ecuador
  • Others


China represents one of the biggest producers of shrimp in the market due to increasing government initiatives for improving product quality and promoting sustainable farming practices.

Major Consuming Regions:

  • United States
  • China
  • Europe
  • Japan
  • Others


China represents the largest market as shrimp is a key ingredient of Chinese cuisine and it is extensively used in noodle soup and bonnet.

Competitive Landscape:

The competitive landscape of the market has also been analyzed with the detailed profiles of the key player operating in the market.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion, Million Tons
Segment Coverage Species, Size, Distribution Channel, Region
Region Covered Production (China, India, Indonesia, Vietnam, Thailand, Ecuador, Others), Consumption (JUnited States, China, Europe, Japan, Others)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3499
Five User License: US$ 4499
Corporate License: US$ 5599
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Clients Testimonial

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More